Cholamandalam Investment and Finance Company Limited

Annual Report 2020 - 2021

https://www.cholamandalam.com/default.aspx

Note: Across this report, the word 'Chola' refers to 'Cholamandalam Investment and Finance Company Limited.'

Forward-looking statement

In this Annual Report we may have disclosed forward-looking information to enable investors to comprehend our prospects and take informed investment decisions. This report and other statements - written and oral - that we periodically make, may contain forward-looking statements that set out anticipated results based on the management's plans and assumptions. We have tried wherever possible to identify such statements by using words such as 'anticipates', 'estimates', 'expects', 'projects', 'intends', 'plans', 'believes' and words of similar substance in connection with any discussion of future performance.

We cannot guarantee that these forward-looking statements will be realised, although we believe we have been prudent in our assumptions. The achievement of results is subject to risks, uncertainties and inaccurate assumptions. Should known or unknown risks or uncertainties materialise or should underlying assumptions prove inaccurate, our actual results could vary materially from those anticipated, estimated or projected. Readers should bear this in mind.

We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.

2

AnnualFinancialReportStatements2020 - 2021

Corporate Overview

Management Reports

Cholamandalam Investment and Finance Company Limited

BELIEF RELOADED

DiscoveringPower From Within!

PURPOSE

We believe in our vision, staying focused and determined to fulfil the dreams and aspirations of millions of Indians, giving them hope and enabling them to "Enter a Better Life."

PEOPLE

We believe in our people. We grow leaders from within and Chola is equipped with a fearless workforce that strives for excellence and rises up to challenges.

TECHNOLOGY

We believe in the power of technology to stay relevant and accelerate the future. Technology enhancements will redefine the way we operate and boost our connections.

03

Cholamandalam Investment and Finance Company Limited

Annual Report 2020 - 2021

CORPORATE OVERVIEW

04 Corporate Information

09

Pan India Presence

12

Message From The Chairman

14

Board of Directors

17

Business Highlights

19

Business Review

31

CSR Initiatives

34 Financial Highlights

MANAGEMENT REPORTS

36 Board's Report

  1. Management Discussion and Analysis
  1. Report on Corporate Governance

74 General Shareholders Information

80 Business Responsibility Report

FINANCIAL STATEMENTS

87 Standalone Financial Statements

  1. Consolidated Financial Statements
  1. GLOSSARY

AUDITORS

M/s. S.R. Batliboi & Associates LLP Chartered Accountants

6th & 7th Floor, "A" Block, Tidel Park, (Module 601, 701 & 702)

No.4 Rajiv Gandhi Salai, Taramani, Chennai - 600 113

Phone: 044 - 66548100 | Fax: 044 - 22540120

04

CORPORATE INFORMATION

BOARD OF DIRECTORS

Mr. Vellayan Subbiah

Mr. N. Ramesh Rajan

Mr. Ashok Kumar Barat

Mr. Anand Kumar

Ms. Bhama Krishnamurthy

Mr. Bharath Vasudevan

Mr. M.A.M. Arunachalam

Mr. Rohan Verma

Mr. Ravindra Kumar Kundu

SECRETARY

Ms. P. Sujatha

Phone: 044 40907172 (B) 40907055 (D)

Fax: 044 25346464

E-mail:sujathap@cholajathap@chola.murugappa.murugappa.com .com

REGISTERED OFFICE

Dare House, No. 2, N.S.C. Bose Road, Parrys, Chennai - 600 001

CORPORATE IDENTITY NUMBER

L65993TN1978PLC007576

REGISTRAR & SHARE TRANSFER AGENT

KFin Technologies Private Limited

Selenium Tower B, Plot 31-32, Gachibowli,

Financial District, Nanakramguda, Hyderabad - 500 032

Phone: 040 67161514 | Toll-free No.: 1800-345-4001

Fax: 040 23420814

AnnualFinancialReportStatements2020 - 2021

Corporate Overview

Management Reports

Cholamandalam Investment and Finance Company Limited

About Chola

OUR VISION

Enable Customers to Enter a Better Life.

OUR MISSION

Customer First

Improving Efficiencies

Switch from product

Long term Customer focus requires

focused to customer focused

profitability and sustainability

People Power

People are our Primary Asset. Happier people = Happier Customers

Cholamandalam Investment and Finance Company Limited (Chola), was incorporated in 1978 as the financial services arm of the Murugappa Group. Chola commenced business as an equipment financing company and has today emerged as a comprehensive financial services provider offering vehicle finance, home loans, loan against property, SME loans, insurance agency, mutual fund distribution, and a variety of other financial services to customers.

Chola operates from 1,137 branches across India with Assets Under Management above INR 76,518 Crores. The subsidiaries of Chola are Cholamandalam Securities Limited (CSEC) and Cholamandalam Home Finance Limited (CHFL).

Key Facts

1137Branches

AUM- INR

16 lakh

76,518Crores

Nationwide

plus customers

COMMERCIAL

VEHICLE LOANS

LOAN AGAINST

PROPERTY

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Cholamandalam Investment and Finance Company Limited published this content on 08 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 July 2021 16:23:25 UTC.