
Cholamandalam Investment & Finance Company Ltd
Cholamandalam Investment & Finance Company Ltd Company History
Cholamandalam Investment & Fin. Co. is one of the premier diversified non-banking finance companies in India, engaged in providing vehicle finance, home loans, Loan against property, SME loans and Unsecured Loans.(Source : 202303 Annual Report Page No: 134)
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
2002
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
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.
2005
2006
Company has changed its name from Cholamandalam Investment & Finance Company Ltd. to Cholamandalam DBS Finance Ltd.
2006
2007
The company has issued rights in the ratio of 3:8 at a premium of Rs. 130/-Per Share.
2007
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.
2010
2012
Mr. N Srinivasan, Director has been apponted as Vice Chairman of the Company .
2012
2013
Cholamandalam organized "Sacha Saathi" in Auto Nagar.
2013
2014
Apax Partners Acquires 8% Stake in Cholamandalam Investment.
2014
2015
Cognizant Drives Digital Transformation of CholaÂs Vehicle Finance Business to Reduce Costs, Improve Business Agility, and Deliver an Integrated Customer Experience, March 10, 2015
2015
2016
"CHOLA expands its footprints in Karnataka by opening four new branches".
2016
2017
Chola teams up with Mavin for digital push.
Cholamandalam inks pact with HUDCO, Indian Commodity.
Cholamandalam Signs an Agreement with JCB.
2017
2018
Chola Finance partners with PeopleStrong for HR tech facilities.
2018
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.
2020
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.
2021
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.
2022