Cholamandalam Investment and Finance Company Limited Tranche II

Cholamandalam Investment and Finance Company Limited is a non-banking finance company, incorporated in 1978 as the financial services arm of the Murugappa group, which has more than 122 years of existence. The Company is categorized as a NBFC-ICC. They commenced business as an equipment financing company and have since expanded the operations to offer vehicle finance, loan against property, home loans, loans to small and medium-sized enterprises ('SMEs'), consumer and small enterprise loans and secured business and personal loans. We also offer stock broking and a variety of other financial services to customers through the Subsidiaries. As of March 31, 2023, Company had 25.10 lakhs active customers across India. They are diversified in terms of the products they offer, the geographies within India where they operate and cater to all customers. As of March 31, 2023, they had 1,191 branches across 29 States and Union Territories in India. Based on rating the coupon rates are good, financial performance also good and industry is also showing good growth. So we give SUBSCRIBE rating to this debt offer.

• 1 Cholamandalam Financial Holdings Limited
• 2 Tube Investments of India Limited
• 3 New Ambadi Estates Private Limited
• 4 Coromandel International Limited
• 5 Ambadi Enterprises Limited
• 6 Carborundum Universal Limited
• 7 E I D Parry (India) Limited
• 8 Ambadi Investments Limitedd
• 9 Kadamane Estates
• 10 Murugappa & Sons
• 11 M V Subbiah HUF
• 12 A M M Arunachalam HUF
• 13 M A Alagappan HUF
• 14 A Vellayan HUF
• 15 M M Muthiah HUF
• 16 M M Murugappan HUF
• 17 M A M Arunachalam HUF
• 18 M V Murugappan HUF
• 19 M M Venkatachalam HUF
• 20 A Venkatachalam HUF