Cholamandalam Investment and Finance Company

Cholamandalam Investment and Finance Company Limited (CIFCL) is an Indian non-banking financial company and investment service provider, headquartered in Chennai.

As of 2024, the company has 1,387 branches across the country[1] and more than 54,000 employees, with the majority being in smaller towns.

[5][6] In 2005, DBS Bank acquired a 37.5% stake in Cholamandalam Investment and Finance Company, with the Murugappa Group lowering its stake to 37.5%.

The company was subsequently renamed as Cholamandalam DBS Finance.

[7] In 2010, DBS Bank sold its entire stake back to Murugappa Group and exited the joint venture.