Cholamandalam Investment and Finance Company Limited
Annual Report 2020 - 2021
https://www.cholamandalam.com/default.aspx
Note: Across this report, the word 'Chola' refers to 'Cholamandalam Investment and Finance Company Limited.'
Forward-looking statement
In this Annual Report we may have disclosed forward-looking information to enable investors to comprehend our prospects and take informed investment decisions. This report and other statements - written and oral - that we periodically make, may contain forward-looking statements that set out anticipated results based on the management's plans and assumptions. We have tried wherever possible to identify such statements by using words such as 'anticipates', 'estimates', 'expects', 'projects', 'intends', 'plans', 'believes' and words of similar substance in connection with any discussion of future performance.
We cannot guarantee that these forward-looking statements will be realised, although we believe we have been prudent in our assumptions. The achievement of results is subject to risks, uncertainties and inaccurate assumptions. Should known or unknown risks or uncertainties materialise or should underlying assumptions prove inaccurate, our actual results could vary materially from those anticipated, estimated or projected. Readers should bear this in mind.
We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.
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AnnualFinancialReportStatements2020 - 2021
Corporate Overview | Management Reports |
Cholamandalam Investment and Finance Company Limited |
BELIEF RELOADED
DiscoveringPower From Within!
PURPOSE
We believe in our vision, staying focused and determined to fulfil the dreams and aspirations of millions of Indians, giving them hope and enabling them to "Enter a Better Life."
PEOPLE
We believe in our people. We grow leaders from within and Chola is equipped with a fearless workforce that strives for excellence and rises up to challenges.
TECHNOLOGY
We believe in the power of technology to stay relevant and accelerate the future. Technology enhancements will redefine the way we operate and boost our connections.
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Cholamandalam Investment and Finance Company Limited
Annual Report 2020 - 2021
CORPORATE OVERVIEW
04 Corporate Information
09 | Pan India Presence |
12 | Message From The Chairman |
14 | Board of Directors |
17 | Business Highlights |
19 | Business Review |
31 | CSR Initiatives |
34 Financial Highlights
MANAGEMENT REPORTS
36 Board's Report
- Management Discussion and Analysis
- Report on Corporate Governance
74 General Shareholders Information
80 Business Responsibility Report
FINANCIAL STATEMENTS
87 Standalone Financial Statements
- Consolidated Financial Statements
- GLOSSARY
AUDITORS
M/s. S.R. Batliboi & Associates LLP Chartered Accountants
6th & 7th Floor, "A" Block, Tidel Park, (Module 601, 701 & 702)
No.4 Rajiv Gandhi Salai, Taramani, Chennai - 600 113
Phone: 044 - 66548100 | Fax: 044 - 22540120
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CORPORATE INFORMATION
BOARD OF DIRECTORS
Mr. Vellayan Subbiah
Mr. N. Ramesh Rajan
Mr. Ashok Kumar Barat
Mr. Anand Kumar
Ms. Bhama Krishnamurthy
Mr. Bharath Vasudevan
Mr. M.A.M. Arunachalam
Mr. Rohan Verma
Mr. Ravindra Kumar Kundu
SECRETARY
Ms. P. Sujatha
Phone: 044 40907172 (B) 40907055 (D)
Fax: 044 25346464
E-mail:sujathap@cholajathap@chola.murugappa.murugappa.com .com
REGISTERED OFFICE
Dare House, No. 2, N.S.C. Bose Road, Parrys, Chennai - 600 001
CORPORATE IDENTITY NUMBER
L65993TN1978PLC007576
REGISTRAR & SHARE TRANSFER AGENT
KFin Technologies Private Limited
Selenium Tower B, Plot 31-32, Gachibowli,
Financial District, Nanakramguda, Hyderabad - 500 032
Phone: 040 67161514 | Toll-free No.: 1800-345-4001
Fax: 040 23420814
AnnualFinancialReportStatements2020 - 2021
Corporate Overview | Management Reports |
Cholamandalam Investment and Finance Company Limited |
About Chola
OUR VISION
Enable Customers to Enter a Better Life.
OUR MISSION
Customer First | Improving Efficiencies |
Switch from product | Long term Customer focus requires |
focused to customer focused | profitability and sustainability |
People Power
People are our Primary Asset. Happier people = Happier Customers
Cholamandalam Investment and Finance Company Limited (Chola), was incorporated in 1978 as the financial services arm of the Murugappa Group. Chola commenced business as an equipment financing company and has today emerged as a comprehensive financial services provider offering vehicle finance, home loans, loan against property, SME loans, insurance agency, mutual fund distribution, and a variety of other financial services to customers.
Chola operates from 1,137 branches across India with Assets Under Management above INR 76,518 Crores. The subsidiaries of Chola are Cholamandalam Securities Limited (CSEC) and Cholamandalam Home Finance Limited (CHFL).
Key Facts | ||
1137Branches | AUM- INR | 16 lakh |
76,518Crores | ||
Nationwide | plus customers |
COMMERCIAL
VEHICLE LOANS
LOAN AGAINST
PROPERTY
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Cholamandalam Investment and Finance Company Limited published this content on 08 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 July 2021 16:23:25 UTC.