Board of directors - Cholamandalam Investment and Finance Company Limited

Board of Directors

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

Mr. Vellayan Subbiah (55 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 28 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 YearTM 2024, EY Entrepreneur of the YearTM 2023 (India) and Extraordinary Entrepreneur of the Year - TiECON 2014.
Has worked with Mckinsey and 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

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. Ravindra Kumar Kundu

Mr. Ravindra Kumar Kundu (56 years) DIN: 07337155

Managing Director

Holds a Commerce degree and Postgraduate in Management for Senior Executives from Indian School of Business and studied various modules at Fundação Dom Cabral, Belo Horizonte, Brazil, Kellogg School of Management, United States, The Wharton School of business, United States, during PGPMAX program of ISB, Hyderabad. He has also completed the Executive Program in Global Business Management from IIM Calcutta and holds a Diploma in Mechanical Engineering and Management.
Brings with him over 37 years of extensive experience across the automobile and financial services industries, marked by a strong foundation in operations, business strategy, and customer-centric innovation.
Has been associated with Chola for 25 years, beginning his journey with the Company as a Senior Executive in the Vehicle Finance division.
Was the Executive Director of Chola from 23 January, 2020 to 6 October, 2024. Is the Managing Director of Chola since 7 October, 2024.
Is the Non-Executive Chairman of Cholamandalam Securities Limited and Payswiff Technologies Private Limited.
Is a Director on the Board of Cholamandalam Leasing Limited and Finance Industry Development Council.

Directorships and full-time positions in body corporates

Letter of appointment for Independent Directors

Constitution of Committees

Spirit of Murugappa

Why Chola?

There's more than one reason to be confident

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Years of Excellence

47

Years of Excellence

States & Union Territories

32

States & Union Territories

Strong Workforce

64,900+

Strong Workforce

Branches

1613

Branches

Assets Under Management

₹1.99 lakh Cr

Assets Under Management

Happy Customers

43.7 lakh+

Happy Customers

News & Press Releases

Annual Report FY 2024 - 2025

Annual Report FY 2024 - 2025Jul 09, 2025, 19:00 PM IST

Annual Report FY 2024 - 2025

Notice of AGMJul 09, 2025, 18:55 PM IST

Notice of AGM

Postal Ballot Notice 2025

Postal Ballot Notice 202529 March 2025, 12:35 PM IST

Postal Ballot Notice 2025

Chola Partners with Women Education & Enviroment

Chola Partners with Women Education & Enviroment09 Mar 2025, 11:35 AM IST

Chola Partners with Women Education & Environment to transform rural sanitation in Cuttack.

Chola strengthens commitment to Eye Health Of The Trucking & Rural Communities

Chola strengthens commitment to Eye Health Of The Trucking & Rural CommunitiesFebruary 14, 2025, 11:05 AM IST

Cholamandalam Investment and Finance Company Ltd (Chola), a leading financial services provider, reaffirms its commitment to road safety and community well-being through the Raahi National Truck Eye Health and Rural Eye Health programs.

Chola reports 24% growth in Q3 profit after tax

Chola reports 24% growth in Q3 profit after tax Jan 31, 2025

Chola posted 24% growth in profit after tax (PAT) at Rs 1,087 crore in the quarter ended Dec 31, 2024

Project Divine – Draft Shelf Prospectus – Website disclaimer

Project Divine – Draft Shelf Prospectus – Website disclaimerJul 06, 2023, 08:47 AM IST

Project Divine – Draft Shelf Prospectus – Website disclaimer

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Annual Report - FY 2023 -2024

Annual Report - FY 2023 -2024Jul 04, 2023, 22:07 PM IST

Annual Report - FY 2023 -2024

Notice for Shareholders - AGM 2024

Notice for Shareholders - AGM 2024Jul 04, 2023, 21:47 PM IST

Notice for Shareholders - AGM 2024

Know about the functioning of CKYC Records Registry

Know about the functioning of CKYC Records Registry04 March 2024

Click on the link to learn more about the registration process and modes of registration in CKYCRR.

Tranche IV Abridged Prospectus - Website Disclaimer

Tranche IV Abridged Prospectus - Website Disclaimer17 January 2024

ABRIDGED Prospectus - Website Disclaimer

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Tranche IV Prospectus - Website Disclaimer

Tranche IV Prospectus - Website Disclaimer17 January 2024

Please read this notice carefully - By accessing this information on this site, you agree to follow the terms

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ABRIDGED Prospectus - Website Disclaimer

ABRIDGED Prospectus - Website Disclaimer24 November 2023

Project Divine - Abridged Prospectus - Website Disclaimer

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Tranche III Prospectus - Website Disclaimer

Tranche III Prospectus - Website Disclaimer24 November 2023

Project Divine - Tranche III Prospectus - Website Disclaimer

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Chola Charter27 October 2023

Customer Rights Policy enshrines the basic rights of customers of the company regulated by the Reserve Bank of India

Qualified Institutions Placement

Qualified Institutions Placement04 October 2023

Placement Document

Qualified Institutions Placement

Qualified Institutions Placement28 September 2023

Preliminary Placement Document

Postal Ballot Notice 2023

Postal Ballot Notice 202308 August

Postal Ballot Notice 2023

ET Now - Earnings Central

ET Now - Earnings Central02 Aug 2023

ET Now | Earnings Central | 02 Aug 2023 | Mr. D Arul Selvan, President & CFO, Cholamandalam

Annual Report FY 2022 - 2023

Annual Report FY 2022 - 2023Jul 10, 2023, 20:45 PM IST

Annual Report FY 2022 - 2023

CNBC TV18 - Earnings Central

CNBC TV18 - Earnings Central02 Aug 2023

CNBC TV18 | Earnings Central | 02 Aug 2023 | Mr. D Arul Selvan, President & CFO, Cholamandalam

Tranche II Prospectus - Website Disclaimer

Tranche II Prospectus - Website DisclaimerJul 27, 2023, 18:47 PM IST

Project Divine - Tranche II Prospectus - Website Disclaimer

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Our Happy Customers

Natarajan, Chennai

I used to drive old vehicles but now I own 6 trucks, all thanks to Chola. Chola provided me with maximum funding at a lower interest rate within 2 days of applying.”

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Miraz Shatab Baig A.K.A

Miraz Shatab Baig A.K.A, Raipur

Chola has always provided me with finance and timely top-up loans whenever needed. Chola is like a family member to me. We are one family!

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Chandrashekhar Singh Parihar

Chandrashekhar Singh Parihar, Raipur

Since 2002, We have been getting our financing done through Chola. We received great support from Chola.We recommend Chola to all our relative and personal contacts.

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T Kumarasen, Chennai

Chola has provided me with the maximum funding at a lower rate of interest that too in just 2 days

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