About Cholamandalam Investment and Finance Company Limited

Cholamandalam Investment and Finance Company Limited (Chola) was incorporated in 1978 as the financial services arm of the Murugappa Group. It began as an equipment financing company and today is a comprehensive retail NBFC offering vehicle finance, home loans, loan against property (LAP), SME loans, Secured Business & Personal Loans (SBPL), Consumer & Small Enterprises Loans (CSEL), consumer durables financing and gold loans. Chola operates from 1,613 branches and 724 Resident Locations across 26 states and 7 Union Territories, serving over 43.7 lakh customers and managing assets of more than INR 1.99 lakh crore. Its vision is to “enable customers to enter a better life,” delivered under the “Chola” brand and digital platforms such as the Chola One app.  Chola’s business is entirely India-focused, with offices only in India and no international operations.

Key portfolio products and services include commercial vehicle, passenger vehicle and two-wheeler loans; affordable home loans; LAP; credit solutions for SMEs; SBPL for self-employed and cash-salaried customers; CSEL; consumer durables financing; and loans against gold.  Chola also continues to upgrade its digital ecosystem, including the Chola One app and its used-vehicle marketplace, which facilitates over 3,900 vehicle sales per month.

Cholamandalam Investment and Finance Company Limited’s Business Segments

• Vehicle Finance (VF): Financing for new and used vehicles, tractors, construction equipment and dealer funding.  In FY25, VF disbursements were ₹53,922 crore, with AUM at ₹1,01,257 crore. 
• Loan Against Property (LAP): Collateralised loans to self-employed and small business customers; strong rural and semi-urban presence. FY25 AUM reached ₹41,439 crore, with FY25 disbursements of ₹17,913 crore.
• Home Loans: Affordable home loans focused on middle and lower-middle income families in rural and semi-urban markets; AUM was ₹18,427 crore in FY25. 
• Consumer & Small Enterprises Loans (CSEL): A key growth engine serving self-employed and micro-businesses; FY25 disbursements were ₹12,552 crore, AUM ₹14,573 crore.
• Small & Medium Enterprises (SME): Tailored financing including term loans, equipment finance, supply chain finance and loans against securities; FY25 AUM was ₹6,628 crore; disbursements stood at ₹7,763 crore.
• Secured Business & Personal Loans (SBPL): Collateral-backed loans for underserved segments; FY25 AUM was ₹2,422 crore, with disbursements of ₹1,316 crore and presence across 414 locations in 11 states.

Industries served: Chola’s lending supports the wider vehicle ecosystem (commercial and passenger vehicles, used vehicles, tractors, construction equipment), homeownership, micro and small enterprises, and self-employed borrowers in Tier III–VI markets.

Revenue by Industry Vertical (FY25, Consolidated): Vehicle Finance ₹13,938.65 crore; Loan Against Property ₹4,565.46 crore; Home Loans ₹2,501.31 crore; Others (including CSEL, SBPL, SME) ₹4,003.19 crore; unallocable ₹837.37 crore. Total revenue from operations was ₹25,845.98 crore.

Cholamandalam Investment and Finance Company Limited Key Management

• Vellayan Subbiah, Executive Chairman (from 1 April 2025): Provides overall strategic oversight; recipient of India Business Leader Awards 2024 Outstanding Business Leader of the Year and EY World Entrepreneur of the Year 2024.
• Ravindra Kumar Kundu, Managing Director & CEO

Latest Updates on Cholamandalam Investment and Finance Company Limited

• Financial milestones (FY25): Record disbursements of ₹1,00,869 crore; AUM of ₹1,99,876 crore.
• Portfolio expansion: Entered consumer durables financing, scaling to 22 states and 54,000 dealers, with open-market financing launched in late FY25; added gold loans as a new business line.
• Digital advances: Chola One platform evolving into a super-app; used-vehicle marketplace now facilitates 3,900+ sales monthly, and biometric eKYC plus system-driven underwriting enhance speed and security.