Board of Directors
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Mr. Vellayan Subbiah
Executive Chairman -
Mr. N Ramesh Rajan
Independent Director -
Ms. Bhama Krishnamurthy
Independent Director -
Mr. M A M Arunachalam
Non-Executive Director
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Mr. Vellayan Subbiah (56 years) DIN: 01138759
Executive Chairman- Holds a Bachelor of Technology in Civil Engineering from IIT Madras and an MBA from the University of Michigan.
- Has over 29 years of experience in varied fields such as consulting, technology, projects, financial services, and engineering in senior positions across different industries.
- Recipient of the Outstanding Business Leader of the Year award at the India Business Leader Awards 2024, EY World Entrepreneur of the Year™ 2024, EY Entrepreneur of the Year™ 2023 (India), and Extraordinary Entrepreneur of the Year – TiECON 2014.
- Recognised as the 'Business Icon of the Year' at the Business Today (BT) India's Best CEOs Awards 2025–26.
- Has worked with McKinsey & Company, 24/7 Customer Inc., etc.
- Is the Non-Executive Chairman of CG Power and Industrial Solutions Limited and a Director on the Boards of various other companies, including SRF Limited and Cholamandalam Financial Holdings Limited. Is the Non-Executive Vice Chairman of Tube Investments of India Limited.
- Was the Managing Director of Chola from 19 August, 2010 to 18 August, 2017; Non-Executive Chairman of Chola from 12 November, 2020 and appointed as the Executive Chairman from 1 April, 2025.
Directorships and full-time positions in body corporates
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Mr. N Ramesh Rajan (68 years) DIN: 01628318
Independent Director- Graduate in Commerce, a fellow member of the Institute of Chartered Accountants of India.
- Has over 44 years of experience in the fields of audit, finance, strategy and operations.
- Was the Chairman and Senior Partner, PwC India, responsible for overall strategy and operations of all PwC entities in India.
- As Chairman & Senior Partner, represented India on the Global Strategy Council of PwC International and served as a member on PwC’s Central Cluster led by PwC, UK.
- Is an Independent Director on the Boards of TTK Healthcare Limited, Rane (Madras) Limited, Lotte India Corporation Limited and ESAB India Limited.
- Joined the Board of Chola on 30 October, 2018.
Directorships and full-time positions in body corporates
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Ms. Bhama Krishnamurthy (71 years) DIN: 02196839
Independent Director- Holds a Master’s degree in science from Mumbai University.
- Had a career spanning over 37 years in IDBI (now IDBI Bank) and SIDBI, an Apex Development Bank for MSMEs in India covering almost all areas of development banking operations.
- Has varied management and leadership experience in resource raising, forex, treasury operations, risk management, credit function, branch operations and human resources division.
- Was on the Boards of various venture capital companies, CIBIL, SBI Global Factors as a nominee director of SIDBI.
- Is an Independent Director on the Boards of various companies including Just Dial Limited, Muthoot Microfin Limited, Thirumalai Chemicals Limited, Reliance Corporate IT Park Limited, Kiwi General Insurance Limited and TCL Global BV, Netherlands..
- Joined the Board of Chola on 31 July, 2019.
Directorships and full-time positions in body corporates
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Mr. M A M Arunachalam (58 years) DIN: 00202958
Non-Executive Director- Holds a Bachelor’s degree in Commerce from Loyola College, Chennai, and a Master of Business Administration (MBA) from the University of Chicago, USA. He is also an alumnus of The Doon School, Dehradun.
- Has an impressive professional background with more than three decades of diverse experience across various industries within the Murugappa Group of Companies, covering sectors such as engineering, construction and financial services
- Is the Executive Chairman of Tube Investments of India Limited.
- Is the Chairman of Shanthi Gears Limited, Jayem Automotives Private Limited, TI Medical Private Limited, TI Clean Mobility Private Limited and 3XPER Innoventure Limited.
- Is on the Boards of CG Power and Industrial Solutions Limited, Great Cycles and Creative Cycles, Sri Lanka and several other Murugappa Group companies.
- Joined the Board of Chola on 29 January, 2021.
Directorships and full-time positions in body corporates
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Mr. Anand Kumar
Independent Director -
Mr. M R Kumar
Independent Director -
Mr. Ramkumar Ramamoorthy
Independent Director -
Mr. Ravindra Kumar Kundu
Managing Director
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Mr. Anand Kumar (58 years) DIN: 00818724
Independent Director- Holds an MBA from Vanderbilt University, United States of America.
- Has over 35 years of experience in BFSI and investments in South and Southeast Asia with a strong network of relationships in the region
- Is the Co-founder and Partner of Gateway Partners, an investment firm focussed on growth capital and strategic opportunities across markets in Southeast Asia, South Asia, the Middle East and Africa.
- Prior to co-founding Gateway Partners in 2014, has held leadership positions in several leading investment banks including Standard Chartered Bank and Morgan Stanley.
- Is also on the Boards of TVS Supply Chain Solutions Limited, Tube Investments of India Limited and a few other foreign companies.
- Joined the Board of Chola on 16 March, 2021.
Directorships and full-time positions in body corporates
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Mr. M R Kumar (64 years) DIN: 03628755
Independent Director- Holds a Bachelor’s degree in Science from the University of Madras.
- Has over 41 years of experience in the fields of insurance, finance, management, administration, and marketing. Held various positions at the Life Insurance Corporation of India (LIC) from 1986 to 2023.
- Served as the Chairman of LIC from March 2019 to March 2023. Also served as the Non-Executive Chairman of LIC Housing Finance Ltd., LIC Pension Fund Ltd., LIC Mutual Fund AMC Ltd., LIC Cards Services Ltd., IDBI Bank, LIC Singapore Pte. Ltd., LIC Lanka Ltd., LIC (International) BSC, Bahrain, and LIC Nepal Ltd.
- Is the Non-Executive Chairman of Bank of India and Aurobindo Pharma Limited, and a Director on the Board of Aurobindo Pharma USA Inc.
- Is a Member of the Insurance Advisory Committee of the Insurance Regulatory and Development Authority of India and Chairperson of the Standing Committee on Insurance of GIFT International Financial Services Centre.
- Joined the Board of Chola on 1 May 2024.
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Mr. Ramkumar Ramamoorthy (58 years) DIN: 07936844
Independent Director- Holds a Master’s Degree in English Literature, an MPhil specialising in American New Journalism from the University of Madras, and a Post Graduate Diploma in Journalism and Mass Communication.
- Has over 36 years of experience in the areas of technology, management and leadership, strategy, planning, and governance.
- Has worked with two of the largest technology companies in India – Tata Consultancy Services and Cognizant Technology Solutions.
- Held various leadership positions at Cognizant, including Chief Knowledge Officer, Executive Director (India), and Chairman and Managing Director (India).
- Was on the Board of Cognizant India and Cognizant Foundation.
- Is an Independent Director on the Board of Five-Star Business Finance Limited.
- Joined the Board of Chola on 26 July 2024.
Directorships and full-time positions in body corporates
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Mr. Ravindra Kumar Kundu (57 years) DIN: 07337155
Managing Director- Holds a Commerce degree and has completed the Postgraduate Programme in Management for Senior Executives (PGPMAX) from the Indian School of Business. He has also studied various modules at Fundação Dom Cabral (Belo Horizonte, Brazil), Kellogg School of Management (United States), and The Wharton School (United States). Additionally, he has completed the Executive Program in Global Business Management from IIM Calcutta and holds a Diploma in Mechanical Engineering and Management.
- Brings over 38 years of extensive experience across the automobile and financial services industries, with a strong foundation in operations, business strategy, and customer-centric innovation.
- Has been associated with Chola for 26 years, beginning his journey with the Company as a Senior Executive in the Vehicle Finance division.
- Is the Non-Executive Chairman of Cholamandalam Securities Limited, Cholamandalam Leasing Limited, and Payswiff Technologies Private Limited. He is also a Director on the Board of the Finance Industry Development Council.
- Served as the Executive Director of Chola from 23 January 2020 to 6 October 2024. Has been the Managing Director of Chola since 7 October 2024.
Directorships and full-time positions in body corporates
