|₹667.4 / ₹390.65|
What is shareholding pattern? Who are shareholders?
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Cholamandalam Investment and Finance Company (CIFCL) is comprehensive financial services provider offering vehicle finance, home loans, home equity loans, SME loans, investment advisory services, loan against property, stock broking distribution of financial products and freight data solutions. The company operates from 873 branches across India with assets under management above Rs 42900 crore. The subsidiaries of CIFCL are Cholamandalam Securities Limited (CSEC), Cholamandalam Home Finance Limited (CHFL) and White Data Systems India Private Limited (WDSI). Promoted by M. A. M Arunachalam, M V Murugappa, and M V Subbiah on 17 August 1978 as a public limited company, Cholamandalam Investment and Finance Company (CIFCL), belonging to the Murugappa Group, commenced business on 22 Nov. '78. In 1986, Standard Chartered Bank (SCB) took up a 28% stake, which was later increased to 30%.