
Cholamandalam Investment & Finance Company Ltd
Past performance
About Cholamandalam Investment & Finance Company Ltd Cholamandalam Investment and Finance Company (CIFCL) is a versatile financial services provider in India, offering a wide range of products, including vehicle finance, home and SME loans, consumer loans, wealth management, and mutual fund distribution. Established in 1978 and part of the Murugappa Group, CIFCL operates from 1,191 branches nationwide, managing assets worth over Rs 1,12,782 crore. The company has a history of strategic partnerships and investments, such as with DBS Bank, International Finance Corporation, and various fintech firms, enhancing its offerings and market reach.
CIFCL has continually expanded its services and technological capabilities, launching new loan products and investing in fintech solutions. It has established significant joint ventures and subsidiaries, including a recent stake acquisition in Payswiff Technologies, signaling its intent to strengthen its position in the digital financial services landscape. The company maintains a strong credit rating, reflecting its stable financial outlook and capability to meet obligations efficiently.
Performance overview
