Page 2 - Cholamandalam Investment

Murugappa Group revamp: 20-yr-old corporate advisory board to be disbanded

Instead of the board, which was managed by a family member and five outsiders, the group and individual companies will now be led by senior family members

Cholamandalam Investment net profit rises 41% to Rs 432 crore in Q2

The diversified financial services firm had over 95% of the moratorium customers starting to repay their installments till date

Street shrugs off likely credit cost pain for Cholamandalam Investment

While the management believes it has made adequate Covid-19 provisioning, analysts are skeptical

Street shrugging off likely credit cost pain for Cholamandalam Investment

While management believes it has made adequate Covid-19 provisioning, analysts are skeptical

Cholamandalam Investment Q1 net rises 37% to Rs 431 cr on lower expenses

Diversified financial services company Cholamandalam Investment and Finance on Thursday reported a 37 per cent jump in net profit at Rs 431 crore in the quarter ended June, driven by lower expenses.

Market Ahead, June 3: Top factors that could guide markets today

Tata Motors' stock could be active in today's session after the company announced that it has resumed operations across all its manufacturing plants in the country

Chola to raise Rs 900 crore through QIP; Singapore govt among investors

A total of 2,81,25,000 equity shares of face value Rs 2 each has been approved for allotment.

Cholamandalam Investment pre-tax profit up 9.4% in December quarter

The company will be issuing shares to promoter entity Cholamandalam Financial Holdings, to raise around Rs 300 crore in one or more tranches

Inside man Arun Alagappan takes over as MD of Cholamandalam Investment

Alagappan is a promoter and a member of the Murugappa family, and has been the Executive Director of the Company since August 2017

Cholamandalam eyes mortgage-finance segment, to offer Rs 15 lakh loans

The company will target buyers of low-cost homes and offer loans of as much as Rs 15 lakh

Murugappa Group's NBFC Cholamandalam Investment raises $222 million

This is the company's first US dollar-syndicated deal since January 2019, when the Reserve Bank of India permitted NBFCs to tap into the offshore credit market

IFC to invest $75 million in Cholamandalam Investment

Proceeds to be used to extend loans to small road transport operators

Strong earnings growth to fuel Cholamandalam

Cholamandalam Investment and Finance Company (Cholamandalam)'s focus on the niche segment of light commercial vehicles or LCV lending has made it stand out among peers, and led to a 58 per cent rise in the share price in the past one year. Focus on big-ticket fleet operators as well as first mover advantage in this segment have aided its growth, profitability as well as asset quality. In fact, at 3.8 per cent, the company's gross non-performing assets (NPA) ratio is amongst the lowest in the NBFC space. Though not strictly comparable, other NBFCs operating in the vehicle finance space have higher gross NPA ratio of 6-11 per cent. Given its higher exposure to the riskier segment of loan against property (LAP) or home equity as the company calls it, low asset quality ratios are a key positive. Cholamandalam's home equity segment (29 per cent of assets under management) has grown at a healthy clip in recent times and enabled it to diversify its lending portfolio. However, disbursements ..