Cholamandalam Investment and Finance Company Ltd.

YEAR                                                            
 EVENTS
 1978 - The Company promoted by the Murugappa Group was incorporated
 on
        17th August at Chennai as a Public Limited Company.  The
 Company
        leads with Hire purchase and leasing services for acquiring
        industrial equipments, computers and consumer durables.
 
 1980 - 1,00,000 shares taken up by promoters, directors, etc.
 1,50,000
        shares offered at par to the public in February 1980.
 
 1982 - 2,49,300 Rights shares allotted at par (prop. 1:1).
 
 1985 - 4,99,300 Rights shares issued at par in prop. 1:1.
 
 1986 - The Company offered 6,00,000 Rights equity shares of Rs 10
 each
        linked to 4,00,000 - 15% secured redeemable non-convertible
        debentures of Rs 100 each in the proportion 30 equity shares
 and
        20 debentures: 50 equity shares held.  The debentures are
        redeemable at a premium of Rs 5 per debenture on the seventh
 year
        from the date of allotment of debentures.
 
 1990 - 8,00,000 bonus shares issued in prop. 1:2. 16,00,000 Rights
        equity shares issued to holders prior to bonus issue (prem. Rs
 3
        per share; prop. 1:1).  Additional 2,32,035 shares allotted
 to
        retain oversubscription.  Another 8,00,000 shares offered
 (prem.
        Rs 3 per share) to employees (only 15,400 shares taken up).
 
 1991 - The Company augmented its product range by introducing
 automobile
        finance under its Credit Cars Scheme.
 
      - 265 No. of equity shares allotted (prem. Rs 3 per share).
 
 1992 - The subsidiary Companies Cholamandalam Software Ltd. was
        amalgamated with Cholamandalam Factoring Ltd. and
 Cholamandalam
        Housing Finance Ltd. and Cholamandalam Lease and Hire
 Purchase
        Ltd. ceased to be the subsidiaries of the Company.
 
 1993 - During February-March, the Company offered 42,47,700 No. of
        Rights equity shares of Rs 10 each for cash at a premium of Rs
 20
        per share in the proportion 1:1 (all were taken up).
 
      - Another 2,12,385 No. of equity shares of Rs 10 each were
 offered
        at a premium of Rs 20 per share to the employees' on an
 equitable
        basis (only 4,400 shares taken up).
 
      - The Company has augmented its product range by introducing
 Gold
        Nest-Child Education Fixed Deposit Scheme.
 
 1994 - The Company made an issue of Commercial Paper to the extent
 of
        Rs.12 crores which was rated by CRISIL as P1+, the highest
 rating
        for the issue of Commercial Paper.
 
      - The Company has already set up a Merchant Banking Division
 during
        the year under review which is expected to contribute
        significantly to the product range and profits for the future.
  
 
      - The Company undertook to diversify into related financial
        services like Mutual Funds, securities trading and risk
        management through subsidiaries/joint venture companies.
 
 1995 - During January, the Company offered 42,49,900 No. of equity
        shares of Rs 10 each at a premium of Rs 45 per share in the
        proportion 1:2 (all were taken up).
 
      - The Company also issued through prospectus 42,49,900 No. of
        equity shares of Rs 10 each at a premium of Rs 90 per share
 of
        which 8,49,900 shares and 8,49,900 shares to banks and
 financial
        institutions.  Of the balance, 8,49,900 shares were reserved
 for
        allotment on a preferential basis to NRIs (all were taken
 up).
        Remaining 17,00,200 shares were issued to the public (all
 were
        taken up).
 
 1996 - The Company signed a MOU with Guardia Royal Exchange
 Insurance
        Group, U.K. for risk management services.
 
      - Cholamadalam Factoring Ltd., Cholamandalam Securities Ltd. &
        Cholamandalam Hazard Management Ltd. are subsidiaries of the
        Company.
 
      - Cholamandalam Hazard Management Limited (CHML), a Joint
 Venture
        with M/s. Hazard Management Limited of U.K., has commenced
        operations to provide advisory services in the area of
 industrial
        risk management. 
 
 1997 - The Company's Joint Venture with Cazenove Fund Management
 Limited
        of U.K., Cholamandalam Cazenove AMC Limited launched its
 maiden
        mutual fund scheme in February.
 
      - The Company has signed a Memorandum of Understanding with 
        Guardian Royal Exchange Insurance Group. U.K. for risk
        management services.
 
      - The maiden mutual fund was launched.
 
 1998 - The Company, the financial services arm of the Rs.2,600 crore
        Murugappa group and the UK-based Guardian Royal Exchange plc
        have signed up a joint venture agreement to undertake risk
        management consultancy.
 
      - The Company, part of Murugappa group has opted for a dual
        rating, and has obtained the best rating from ICRA.
 
 1999 - The Company has joined hands with the world's largest
 insurance
        company, the $655bn (assets under management) Axa
 S.A.-France,
        to enter the non-life insurance business in India.
 
      - Cholamandalam is also in talks with Axa to forge an agreement
        where the premium incomes received by both insurance ventures
        will be managed by its 51:49 joint venture Cholamandalam
        Cazenove AMC Ltd.
 
 2000 - New Ambadi Investments Pvt Ltd (NAIL) has acquired 35,29,959
              (14.9 per cent) equity shares of the company and
 consequently its
              present holding stands at 29,45,113 (17.32 per cent).
 
            - ICRA has assigned an MAAA rating to the Rs. 50 crore
 medium term
              debenture programme of the company.
 
           - Cholamandalam Distribution Services Ltd. has become a
 wholly owned
             subsidiary of the company effective September 28
 subscribing a private
             placement of 15,00,000  No. of equity shares of Rs 10
 each at par of CDSL.
 
          - Cholamandalam Distribution Services a subsidiary of
 Cholamandalam
             Investment and Finance Company, has signed a MoU with
 HDFC Standard Life
             Insurance for distributing latter's products.
 2002
 
 - Cholamandalam Investment & Finance Company Ltd has informed that
 the Board of Directors of the Company approved the changes in the
 Board: (1) Appointment of Mr A Vellayan as an Additional Director of
 the Company. He will be a non-executive Director on the Board.(2)
 Appointment of Mr Partho S Datta Director as a Wholetime Director of
 the Company w e f April 01, 2002.
 
 -Cholamandalam Investment & Finance Company Ltd has informed BSE that
 the Board has issued secured redeemable non-convertible debentures and
 short term redeemable non convertible debentures up to an amount of Rs
 2000 million each on private placement basis to mutual
 funds/institutions/banks/bodies corporate/individuals or other
 agencies.
 
 -Cholamandalam Investment & Finance Company Ltd has approved an issue
 of 35,00,000 cumulative redeemable preference shares of Rs 100/- each
 aggregating to Rs 350 million for cash at par on a private placement
 basis to persons being institutions/banks/bodies coporate/mutual
 funds/individuals and other agencies, whether incorporated or not.
 
 2003 - De-listing of the company's equity shares from the Coimbatore
 Stock Exchange Ltd, subject to the approval of the shareholders of
 the company.
 
 -Increase in Authorised Capital from Rs 700 million to Rs 1600
 million .
 
 -The BoD of the Company at its meeting held today (December 8, 2003)
 has approved the issue of 1,26,49,517 Equity Shares of the company of
 Rs 10/- each at a premium of Rs 45/- in the ratio of 1 equity share
 for every 2 equity shares held to the existing equity shareholders of
 the company on a rights basis.
 
 -Board approves issue of NCD
 
 -inks securitisation pact with HDFC
 
 -raises Rs 100 cr through debentures issue
 
 - International Finance Corporation (IFC), Washington extends Rs
 100-crore credit line to the company
 
 - The global distribution system provider, Amadeus, has tied up with
 Cholamandalam Finance to offer online travel insurance solutions
 
 -Board approves the issue of 1,26,49,517 Equity Shares of the company
 of Rs 10/- each at a premium of Rs 45/- in the ratio of 1 equity share
 for every 2 equity shares held to the existing equity shareholders of
 the company on a rights basis
 
 - invokes Rs 150-m placing short term  bonds
 
 -Board approves delisting of its shares from Coimbatore Stock
 Exchange
 
 2004
 
 -Cholamandalam Investment & Finance Ltd has informed that the equity
 shares of the company has been delisted from Coimbatore Stock
 Exchange wef March 31, 2004.
 
 - Cholamandalam AXA Risk Services Ltd (CARSL) has become a subsidiary
 of the Company with effect from August 27, 2004
 
 2005
 
 -The Acquirer is making an Open Offer to the public shareholders of
 Cholamandalam Investment & Finance Company Ltd (Target Company) to
 acquire upto 8,189,295 shares, representing in aggregate 20% of the
 issue and fully paid-up equity share capital of the Target Company
 assuming that the maximum number of new shares pursuant to the
 Preferential issue were allotted, at a price of Rs 150 per share
 (Offer Price) payable in cash subject to terms & condition.
 
 2006
 
 -Company has changed its name from Cholamandalam Investment & Finance
 Company Ltd. to Cholamandalam DBS Finance Ltd.                        
                     
 
 2007
 
 -The company has issued rights in the ratio of 3:8 at a premium of
 Rs. 130/-Per Share.
 
 2010
 
 -The name of the Company has been changed from M/s. Cholamandalam DBS
 Finance Ltd to M/s. Cholamandalam Investment and Finance Company Ltd.
 
 -The Company has acquired 347379 equity shares in M/s. Cholamandalam
 Factoring Ltd.
 
 2012
 
 -Mr. N Srinivasan, Director has been apponted as Vice Chairman of the
 Company .
 
 2013
 -Cholamandalam organized Sacha Saathi in Auto Nagar.
 
 2014
 -Apax Partners Acquires 8% Stake in Cholamandalam Investment.
 
 2015
 -  Cognizant Drives Digital Transformation of Chola’s Vehicle Finance
 Business to Reduce Costs, Improve Business Agility, and Deliver an
 Integrated Customer Experience, March 10, 2015
 
 2016
 -CHOLA expands its footprints in Karnataka by opening four new
 branches.
 
 2017
 -Chola teams up with Mavin for digital push.
 -Cholamandalam inks pact with HUDCO, Indian Commodity.
 -Cholamandalam Signs an Agreement with JCB.
 
 
 2018
 -Chola Finance partners with PeopleStrong for HR tech facilities.
 
 
 2020
 -Cholamandalam ties up with hospital to save kids of truckers.
 -Cholamandalam Investment and Finance Company Limited (Chola)
 launches its co-lending business with technology from Nucleus
 Software.
 
 
 2021
 -Chola reiterates partnership with Sri Sathya Sai Sanjeevani
 Hospitals.
 -Cholamandalam Investment and Finance Company Limited (Chola) and
 Karur Vysya Bank Limited (KVB) ink partnership for co-lending
 business.
 
 2022
 -Chola embarks on next wave of growth through new business divisions,
 digital partnerships & strategic investment in the Consumer and SME
 eco-system.
 
 -Company has signed a Shareholders Agreement and a Share Purchase
 Agreement  with Payswiff, its founders and other existing
 shareholders.