Financial Services

Unlocking access, unlocks dreams

The Murugappa Group’s financial services companies are frontrunners in expanding access to quality financial services across the country. They reach a customer base of over 20 million, helping dreams, both big & small, come true.

Click on the logo tabs below to read more about each group company

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Cholamandalam Investment and Finance Company Limited (CIFCL)

Overview

CIFCL is one of India’s fastest growing asset finance companies offering a comprehensive financial services and products portfolio of home equity loans, home loans, vehicle finance, SME loans, investment advisory and stock broking services.

Highlights

Asset base of over INR 540 billion

Customer base of over one million

CIFCL’s commercial vehicles business helps finance an entire spectrum of vehicles; two and three-wheelers, cars, construction and farm equipment. The company has preferred financier tie-ups with all automobile brands in the country

CIFCL is a pioneer in enlarging the reach of financial services to under-served segments like MSME, urban and rural markets through a 900-plus branch network

Read More At: https://www.cholamandalam.com

Cholamandalam MS General Insurance Company Limited

Overview

One of the country’s most trusted multi-line General Insurance companies, Chola MS services over 10 million customers through its country-wide network of over 550 retail touch points and 30,000 agents.

Highlights

No. 1 in Bancassurance business among non-bank promoted insurance companies

The company is ranked 7th amongst private insurers within addressable markets (i.e. industry volumes excluding Govt & Group Health) and has a market share of 3%

Chola MS also services customers across 21,000 branches through the various Bancassurance partnerships,and has a cashless network of 6,600 garages (400 In-House Assessors for Motor claims assessment) & 8,100 hospitals

The company started a chain of 500 kiosk-based digital smart offices - Chola Insurance Express; in tier III and tier IV towns in rural markets, the first of its kind in India

Read more at https://www.cholainsurance.com

Cholamandalam MS Risk Services Limited

Overview

Cholamandalam MS Risk Services Limited, is a comprehensive risk management and engineering solutions company. It has undertaken over 8,500 consulting projects across 42 industrial sectors, offering best-in-class services to organisations to optimise their EHS performance.

Highlights

Largest employer of EHS specialists in India, with over 200 risk engineering experts

Audited all fertiliser units and 75% of cement plants in the country

Certified Safety Auditors by DGFASLI (Directorate General, Factories Advice Service and Labour Institutes, GOI)

Cholamandalam Financial Holdings Limited (CFHL)

Overview

Cholamandalam Financial Holdings Limited (formerly known as TI Financial Holdings Limited) was incorporated in 1949 and is a part of the Murugappa Group, one of the most diversified business conglomerates of India. Consequent to the scheme of arrangement (demerger) sanctioned by the National Company Law Tribunal, the manufacturing business of the Company was transferred to a separate company and the company retained its finance business.

CFHL is registered with the Reserve Bank of India as a Non-Deposit taking Systemically Important - Core Investment Company (CIC-ND-SI) pursuant to the receipt of Certificate of Registration from the Reserve Bank of India (RBI) dated January 6, 2020, under Section 45-IA of the Reserve Bank of India Act, 1934. After the demerger, the company has significant shareholding in companies viz., Cholamandalam Investment and Finance Company Limited, Cholamandalam MS General Insurance Company Limited and Cholamandalam MS Risk Services Limited.

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