Cholamandalam Investment and Finance Company Limited was incorporated in 1978 as
the financial services arm of the Murugappa Group. Chola commenced business as an
equipment financing company and has today emerged as a comprehensive financial services
provider offering vehicle finance, home loans, home equity loans, SME loans, investment
advisory services, stock broking and a variety of other financial services to customers.
Chola operates from over 577 branches across India with assets under management above
INR 20,000 Crores. The subsidiaries of Cholamandalam include Cholamandalam Securities
Limited (CSEC) and Cholamandalam Distribution Services Limited (CDSL).