• Source: Cholamandalam Investment and Finance Company

Cholamandalam Investment and Finance Company Limited (CIFCL) is an Indian non-banking financial company and investment service provider, headquartered in Chennai. Established in 1978, it is a part of the Murugappa Group.
As of 2024, the company has 1,387 branches across the country and more than 54,000 employees, with the majority being in smaller towns.




History


In 2005, DBS Bank acquired a 37.5% stake in Cholamandalam Investment and Finance Company, with the Murugappa Group lowering its stake to 37.5%. The company was subsequently renamed as Cholamandalam DBS Finance. In 2010, DBS Bank sold its entire stake back to Murugappa Group and exited the joint venture.




References

Kata Kunci Pencarian:

• Cholamandalam Investment and Finance Company
• Murugappa Group
• Tube Investments of India Limited
• M. M. Murugappan
• Cholamandalam MS General Insurance
• Housing Development Finance Corporation
• Coromandel International
• List of companies listed on the National Stock Exchange of India
• Carborundum Universal
• NIFTY 500