Cholamandalam Investment and Finance (click here to view this on our SNAP Analytics Tool) – promoted by the Murugappa Group, is a pan-Indian, composite financial services provider. It was established in 1978 and is engaged in the business of providing vehicle finance, home equity finance, business finance, stock broking and distribution of financial products to its customers. Within its businesses it has created a strong position in light commercial vehicle and used vehicle financing in India.
Today, the PE firm sold almost its entire stake worth 219 cr. thereby accounting for a total return of over 418 cr. within a span of 4 years while the firm holds around 1 lakh shares worth over 9 cr. (this is with an initial investment of 106 cr.)
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