Subbiah’s victory marks the fourth time an entrepreneur from India has won this global title in this award’s 24 year history.
Vellayan Subbiah will represent India at the EY World Entrepreneur of the Year Award in Monte Carlo from June 4-7
Everybody in the NBFC space has seen a decrease in cost of funds and the company per se has shifted their mix more towards debentures, said Vellayan Subbiah, Managing Director, Cholamandalam Investment and Finance.
A pick-up in sales of commercial vehicles may help Cholamandalam Investment and Finance clock 20 percent growth in fiscal year 2017, Managing Director Vellayan Subbiah says.
However, there has been no major demand coming from retail customers for its heavy commercial vehicles business, says Vellayan Subbiah, Managing Director, Cholamandalam Investment & Finance.
"We are very excited about it. We have our own strength in terms of ubiquity which we will be leveraging. We are going to induce digital technology. We are looking for partnership where it will be a win-win situation for all," M S Ramanujan, Member Banking, Postal Services Board told PTI.
Vellayan Subbiah, Managing Director at Cholamandalam Investment and Finance says vehicle finance rose 12 percent and home equities 16 percent; overall increase was 10 percent because the company stopped the gold loan business.
Disbursements were up about 12 percent this quarter against the comparable quarter last year which we think is quite encouraging, Vellayan Subbiah, MD, Cholamandalam Investment and Finance tells CNBC-TV18
Through this partnership, Cholamandalam Investment and Finance Co (Chola) will offer auto retail finance to customers throughout its 534 branches and at all proposed dealerships of Multix across India.
Under this tie-up, Ola will share daily revenue and payment details of drivers on real time basis, a company release said.
The NBFC saw a good traction in its home equity book which showed 15-20 percent disbursement growth in FY15.
The collections of the company have improved for the past five months, said MD Vellayan Subbiah.
As part of the agreement, Cognizant would develop multi- channel applications across mobile, tablets and web platform for the field staff and customers to make real-time decision making and improve productivity.
In an interview with CNBC-TV18, Subbiah said the net interest margin for the vehicle business was close to 8 percent, and that non-performing loans in this segment stood at 3.1 percent in the December quarter
Cholamandalam Investment and Finance Company has reported a 9 percent jump in its second quarter consolidated net profit at Rs 99.1 crore against Rs 90.8 crore (Y-o-Y).
The larger issue persists to be real cash flow not improving to translate further into sustained sales due to lack of spending ability, says Vellayan Subbiah of Cholamandalam Investment and Finance Company.
Credit rating agency CRISIL expects loans to Indian truck and bus operators show signs of weakness, which will be a first in nearly three years, underlining the scale of the slowdown in country‘s transportation industry as economic growth stutters.