Cholamandalam Investment and Finance Limited

Strong retail focus with diversified product portfolio

- Offers a diverse range of financial products -  a) Vehicle Finance (64.19% of total loans) ; b) Loan Against Property (20.95%); c) Home Loans and New Businesses (14.86%)

- Within the Vehicle Finance segment itself, the company has also diversified its asset portfolio across a range of customer segments -  LCVs, HCVs and Cars, and MUVs

Extensive distribution network with focus on rural and semi-urban markets

- It operates an extensive network of 1,166 branches across 29 States and Union Territories in India.

- Total Loans across North, South, East, and West regions of the country accounting for 23%, 29%, 25%, and 23% respectively

Moderation in capitalisation buffers on account of robust portfolio growth

- Tier-I moderated to 13.8% as of December 2022 from 14.7% as of March 2022 (13.2% as of March 2021) due to robust portfolio growth

- While the current managed 6.7x gearing is lower than the levels witnessed in March 2021 (7.1x) and March 2020 (7.4x), the same is expected to trend upwards in view of the robust growth expectations for FY2024