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Cholamandalam Financial Holdings Ltd
Cholamandalam Financial Holdings Ltd Company History
Cholamandalam Financial Holdings as a non-deposit taking Systemically Important Core Investment Company (CIC-ND-SI), from the Reserve Bank of India (“RBI”) to carry on the business as a Non-Banking Financial Institution.
2002
Tube Investments of India Ltd informs that Mr K Ganesan has ceased to be Director, it has further informed that Mr S Gurumurthy has been appointed as an Additional Director of the Company effective May 24, 2002.
Tube Investments of India Ltd informs that Mr Adhiraj Sarin has been appointed as Managing Director of the Company for a period of 5 years with effect from August 01, 2002. Mr Adhiraj Sarin will replace Mr V A Raghu the present Managing Director who retires on July 31, 2002.
Implements the Oracle 11i e-business suite for better planning and inventory control.
Cholamandalam General Insurance Co becomes a subsidiary to the Tube Investments.
Makes additional investment of Rs.76cr in Cholamandalam Insurance Co Ltd.,
The Board of Directors approve for the buyback of equity shares of the company on
August 22 2002.
2002
2003
Director Mr S Gurumurthy expires on jan 25 2003.
The Registered Office of the company has been shifted to Dare House, 234, N S C Bose, Chennai 600 001 with effect from December 5, 2003.
2003
2006
Company has splits its Face value of Shares from Rs 10 to Rs 2
2006
2007
Tube Investments of India Ltd has appointed Mr. N Srinivasan as Additional Director on the Board of Directors of the Company with effect from January 29, 2007.
2007
2008
Tube Investments of India Ltd has informed that the Board of Directors of the Company at its meeting held on January 31, 2008, inter alia, Mr. L Ramkumar has been appointed as Managing Director of the Company for a period of 5 years with effect from February 01, 2008.
Tube Investments of India (TII) has forayed into the e-bike segment with the launch of three models - BSA 250, BSA 500 and BSA 800. Priced between Rs 23,000 and Rs 36,000, they will be marketed under the BSA brand.
2008
2009
TII invests Rs 55.55 cr in Cholamandalam MS General Insurance
2009
2010
Tube Investments buys 77 % stake in Sedis of France
Tube Investments has acquired 1,75,82,000 equity shares of Cholamandalam DBS Finance Ltd (CDFL) from DBS Bank Ltd, Singapore.
2010
2011
Tube Investments have recommended a final dividend of Rs. 1.50 per equity share of Rs. 2 each
Tube Investments has been awarded Growth with Quality for their excellence in Technology & Innovation.
2011
2012
Tube Investments has acquired 2,12,46,122 equity shares of Re. 1/- each of Shanthi Gears Limited, Coimbatore
2012
2013
Tube Investments enters into an agreement with M/s. Tsubamex Company Ltd (Tsubamex) Japan to form a Joint Venture Company (JVC) in India .
2013
2014
Tube Investments has recommended a final dividend of 50 paise (Paise Fifty only) per equity share of Rs. 2/- each.
2014
2015
TI Cycles of India acquires the Brand Licensing Rights for Ridley
2015
2018
Tube Investments - Joint Venture Agreement with regard to M/s. Tl Absolute Concepts Private Limited.
2018
2019
Company name has changed to Cholamandalam Financial Holdings Ltd. from TI Financial Holdings Ltd..
2019