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Cholamandalam Investment and Finance Company Ltd.

BSE: 511243 | NSE: CHOLAFIN |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE121A01024 | SECTOR: Finance - Leasing & Hire Purchase

BSE Live

Oct 26, 16:00
603.85 26.45 (4.58%)
Volume
AVERAGE VOLUME
5-Day
230,389
10-Day
254,604
30-Day
183,864
194,677
  • Prev. Close

    577.40

  • Open Price

    574.95

  • Bid Price (Qty.)

    603.85 (1)

  • Offer Price (Qty.)

    607.00 (100)

NSE Live

Oct 26, 15:54
604.90 27.60 (4.78%)
Volume
AVERAGE VOLUME
5-Day
3,180,285
10-Day
3,029,653
30-Day
2,581,773
3,596,997
  • Prev. Close

    577.30

  • Open Price

    578.45

  • Bid Price (Qty.)

    604.90 (58)

  • Offer Price (Qty.)

    0.00 (0)

Annual Report

For Year :
2019 2016 2015 2013 2011 2010 2008 2007

Chairman's Speech

I am delighted that, in my first message to you as chairman, I have the privilege of sharing with you the good news of all-round growth at Cholamandalam DBS. During the year, the companys disbursements grew 96% and assets under management grew 95%, to almost touch the Rs. 4500 crore mark. In the commercial vehicle finance business, the company continued to manage its product-mix judiciously to leverage the market growth in new vehicles while benefiting from the higher yields in used vehicle financing. The companys entry into consumer finance has been well received by customers. The focus was on quickly catapulting the personal loan business pan-India by combining aggressive distribution with prudent credit norms. In the coming year, the company will aim to extend this business to the next level cities in the country. Consequent to the entry into consumer finance, the status of the company as an Asset Finance Company (AFC) has undergone a change. The company also made a good beginning in home equity business with a pilot launch in four cities. The experience has been exceptional and the company aims to have a national rollout of this product in the new financial year. Our foray into new product-markets was really exciting. Now the company is ready to move on to the more challenging stage - that of attaining a position of leadership in each of its businesses. This will involve simultaneously managing further expansion and the establishment of sound, enterprise-wide systems and processes that support growth. In other words, disciplined growth focused on sustained profitability will remain the central theme of our companys strategy. Further, having set the fund-based businesses on a new growth trajectory, Cholamanadalam DBS is embarking on a similar journey in the fee-based subsidiaries of Distribution and Securities. Already, the business teams have commenced implementing ambitious plans for the coming year. The performance of the asset management company is not very satisfying and the board is looking at various options to improve the same. 2006-07 was the first full year of the companys operations as a Joint Venture. Both the partners, the Murugappa group and DBS Bank, are excited by the companys business prospects and look forward to contributing to its continued growth in the near future.