Cholamandalam Financial Holdings Ltd
Fortune 500 2024
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OVERVIEW
FINANCIALS
NEWS
About
Cholamandalam Investment & Finance Co Ltd (Chola) is a leading NBFC specializing in vehicle finance, home loans, and SME lending. A part of the Murugappa Group, Chola has built a strong network across urban and rural India. The company has been at the forefront of financing commercial vehicles and tractors, supporting India's logistics and agriculture sectors. It has also embraced digital transformation, launching AI-driven loan approvals and fintech collaborations. With a growing focus on retail lending, Chola remains a key player in India’s financial ecosystem, driving credit accessibility for individuals and businesses.
Incorporation Year: 1949
Headquarters: Chennai, Tamil Nadu, India
Top Management: Murugappa Group
Industry: BFSI
Website: chola.in
Featured In Fortune India Ranking
Fortune 500 India
#93(2024)
#114(2023)
#123(2022)
#106(2021)
#93(2024)#114(2023)#123(2022)#106(2021)
Ranking Trend Fortune 500 India
Financial Data 2024
Revenue
26,087
(INR Cr)
Net Operating Income
25,830
(INR Cr)
Assets
156,138
(INR Cr)
Profit
1,773
(INR Cr)
Net Worth
10,242
(INR Cr)
Fortune India Coverage
Financial Data
RevenueNet Operating IncomeProfitAssetsNet Worth
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 26087 42.0% | 18376 24.7% | 14735 5.6% | 13961 6.3% | 13136 20.0% | 10947 22.9% | 8910 231.3% | 2689 -69.4% | 8775 -11.1% | 9868 11.1% | 8881 14.6% | 7750 18.7% | 6529 27.2% | 5133 60.1% | 3206 9.2% | 2936 - |
| Net Operating Income (INR Cr) | 25830 42.28% | 18154 23.98% | 14644 5.35% | 13900 5.83% | 13135 20.22% | 10926 22.63% | 8909 231.46% | 2688 -66.42% | 8004 -17.67% | 9722 10.05% | 8834 13.97% | 7752 20.33% | 6442 27.59% | 5049 62.80% | 3101 10.64% | 2803 22.53% |
| Profit (INR Cr) | 1773 37.4% | 1290 26.1% | 1023 24.1% | 825 49.7% | 551 -20.9% | 697 26.7% | 550 21.0% | 455 -56.3% | 1039 144.8% | 424 36.3% | 311 7.9% | 289 7.3% | 269 37.3% | 196 74.5% | 112 113.4% | 53 - |
| Assets (INR Cr) | 156138 37.6% | 113449 36.9% | 82857 10.3% | 75156 16.0% | 64819 11.2% | 58312 23.1% | 47386 773.0% | 5428 -20.6% | 6835 -74.5% | 26776 10.0% | 24343 18.6% | 20521 40.6% | 14601 36.3% | 10711 221.1% | 3336 18.6% | 2813 - |
| Net Worth (INR Cr) | 10242 33.7% | 7661 18.9% | 6446 19.7% | 5386 17.3% | 4591 16.4% | 3944 19.2% | 3310 19.8% | 2764 -16.9% | 3324 42.8% | 2328 19.3% | 1951 17.6% | 1659 26.7% | 1310 27.5% | 1027 27.7% | 805 15.6% | 696 -8.9% |
| Employee Cost (INR Cr) | 2994 61.0% | 1860 37.3% | 1354 13.9% | 1190 42.1% | 837 10.3% | 759 13.6% | 668 423.1% | 128 -81.2% | 681 -14.2% | 794 17.2% | 677 15.0% | 589 15.3% | 511 11.4% | 458 73.4% | 264 10.4% | 239 - |
| Interest Cost (INR Cr) | 9249 | 5778 | 4328 | 4608 | 4592 | 3587 | 2655 | 0 | 976 | 2103 | 1896 | 1520 | 1072 | 646 | 185 | 212 |
| Cash & Bank Balance (INR Cr) | 4548 | 3164 | 5448 | 6204 | 7314 | 3945 | 1209 | 397 | 1318 | 1060 | 1230 | 764 | 554 | 315 | 262 | 507 |
| Total Debt (INR Cr) | 134014 | 97191 | 69229 | 63797 | 55117 | 50447 | 38200 | 0 | 1441 | 20931 | 19464 | 16604 | 12284 | 8751 | 2450 | 2078 |
Key Financial Ratios
Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 6.8% | 7.0% | 6.9% | 5.9% | 4.2% | 6.4% | 6.2% | 16.9% | 11.8% | 4.3% | 3.5% | 3.7% | 4.1% | 3.8% | 3.5% | 1.8% |
| Profit As % Of Assets | 1.1% | 1.1% | 1.2% | 1.1% | 0.9% | 1.2% | 1.2% | 8.4% | 15.2% | 1.6% | 1.3% | 1.4% | 1.8% | 1.8% | 3.4% | 1.9% |
| Profit As % Of Networth | 17.3% | 16.8% | 15.9% | 15.3% | 12.0% | 17.7% | 16.6% | 16.5% | 31.3% | 18.2% | 16.0% | 17.4% | 20.5% | 19.1% | 14.0% | 7.6% |
| Interest Cost to EBITDA % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| RONW | 42.9% | 40.0% | 37.9% | 35.4% | 27.3% | 39.0% | 37.1% | 6.7% | 17.3% | 32.0% | 21.7% | 18.8% | 19.7% | 18.6% | 11.4% | 2.9% |
| ROCE | 11.6% | 10.6% | 10.2% | 10.9% | 11.2% | 11.6% | 17.7% | 5.2% | 10.0% | 12.9% | 12.4% | 12.5% | 12.7% | 14.0% | 10.4% | 8.2% |