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CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED GROUP
Cholamandalam is a pan-Indian, composite financial services provider. It comprises the parent company, Cholamandalam Investment & Finance Company Limited (CIFCL), and its subsidiaries and associates Cholamandalam Distribution Limited, Cholamandalam Securities Limited. The shares of CIFCL are listed in the Madras (MSE), Mumbai (BSE) and National (NSE) Stock Exchanges.
Cholamandalam Investment and Finance Company Limited (CIFCL)
Cholamandalam Investment & Finance Company Limited (CIFCL) was incorporated in 1978 as the financial services arm of the Murugappa Group. In 2005, post the joint venture partnership between the Murugappa Group and Bank Limited, Singapore, the Company was renamed as Cholamandalam Investment & Finance Company Limited (CIFCL). The Company that commenced business as an equipment financing company has now emerged as a comprehensive financial services solution provider that offers vehicle finance, business finance, home equity loans, mutual funds, stock broking and distribution of financial products to its customers. The Company operates from over 140 branches across India with an asset under management of about Rs.8546 Crores. The subsidiaries of Cholamandalam include Cholamandalam Securities Limited (CSec) and Cholamandalam Distribution Limited (CDSL).
Cholamandalam Distribution Services Limited ( CDSL)
Is in the business of providing wealth management services with enhanced focus on larger product basket and unbiased investment advice. Products offered include mutual funds, life and general insurance, equities, real estate, private equity and fixed income products. The company has a rich base of loyal clients and ranks among the top 30 distributors in the country with an asset size of Rs.1368 crores as on March 31, 2008.
Cholamandalam Distribution Services Limited ( CDSL)
Is a securities broking company offering stock broking and equity advisory services to institutional investors, including many of the largest mutual funds in India and individual clients across the country. DCsec is a member of Bombay Stock Exchange Limited and National Stock Exchange of India Limited. It is also a depository participant with National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL)
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Murugappa Group
Headquartered in Chennai, the Rs. 15,907 crores (USD 3.14 billion) Murugappa Group is one of India's leading business conglomerates. Market leaders in diverse areas of business including Engineering, Abrasives, Finance, General Insurance, Cycles, Sugar, Farm Inputs, Fertilizers, Plantations, Bio-products and Nutraceuticals, its 29 companies have manufacturing facilities spread across 13 states in India. The organization fosters an environment of professionalism and has a workforce of over 32,000 employees. The Group has forged strong joint venture alliances with leading international companies like Bank, Mitsui Sumitomo, Foskor, Cargill and Groupe Chimique Tunisien has consolidated its status as one of the fastest growing diversified business houses in India.
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