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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 to be back on the board of the company as Chairman. I fondly recall when we first started the venture in 1978 as an equipment leasing company, and now when I look at the companys spread of more than 230 branches in India and the many product categories we exist in, I experience the satisfaction of a job well done. During the year, the companys disbursements grew by 94% and assets under management grew by 80% to take the assets under management to Rs. 8,077 Crores. Today, the company has a large bouquet of products in the assets division with customers across New and Used Trucks, Prime & Branch based Personal loans, Two Wheeler loans, Home Equity loans and Loans to Promoters against Securities and Property. This along with Wealth Management Products such as Mutual Fund Advisory, Securities and Insurance Distribution Services, completes our service offering. Vehicle Finance did well this year and our Used Truck business is maturing with a presence in more than 56 branches across the country. The Consumer Finance business which commenced two years ago has acquired a customer base of over 2,00,000 customers. This business now operates from more than 90 branches in India. The year also saw the launch of two wheeler loans with a preferred financier arrangement with Honda Motor cycle & Scooter India Ltd. Home Equity (lending against unencumbered properties) business, which was launched last year in key southern locations, went national this year with the product being offered across 15 locations in India. As this asset class expands in our country and becomes a significant part of the home loans market I see the product coming into its own in the next fiscal. Business Finance diversified its portfolio with the launch of Retail loan against shares and the asset book was over Rs. 1087 crores at the end of March 2008 - a growth of about 22% over last year. The Wealth Management Business grew significantly with the set up of 49 new branches to deliver wealth advisory, broking and insurance services. We are in the investment phase of this business and given the expanding Indian economy and increasing disposable wealth in India, we expect this business to generate significant fee income for us going forward. As you can see, it has been a busy year for us. We are now positioned to become a full service Retail Financial Company. Both the partners, the Murugappa group and DBS Bank, are excited about the companys business prospects and look forward to contributing to its continued growth in the near future. Thank you for your continued support. Best Wishes, M.A. Alagappan Chairman