About
Cholamandalam Investment and Finance Company Limited (Chola), established in 1978 as the financial services arm of the Murugappa Group, began its jour
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ney as an equipment financing company. Over the years, it has evolved into a comprehensive financial services provider, offering a wide range of solutions including vehicle finance, home loans, loans against property, SME loans, Secured Business Personal Loans (SBPL), Consumer & Small Enterprise Loans (CSEL), loans against securities, and various other financial services.
Since its inception, Chola has remained steadfast in its commitment to its core values, which emphasize ethical practices and a sense of responsibility toward all stakeholders—customers, shareholders, employees, and society at large.
The company is committed to making a positive impact on people and the environment, shaping a better future for the nation, and enabling a "Better Life."
Chola integrates its Corporate Social Responsibility (CSR) initiatives with its business operations, striving to reach not only its operational regions but also underserved and marginalized sections of society. Currently, Chola's CSR efforts span 12 states across India, including Tamil Nadu, Delhi-NCR, Maharashtra, Assam, Karnataka, Chhattisgarh, Odisha, Uttar Pradesh, Telangana, Rajasthan, West Bengal, and Madhya Pradesh.
Grant Value
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2023-24
Grant ValueRs. 56,98,00,000CSR BudgetRs. 56,86,00,000 -
2022-23
Grant ValueRs. 43,63,00,000CSR BudgetRs. 43,43,00,000 -
2021-22
Grant ValueRs. 36,43,87,000CSR BudgetRs. 36,31,55,000
Vision & Mission
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Vision
Enable Customers to Enter a Better Life.
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Mission
Customer first: Switch from product focused to customer focused
Improving Efficiencies: Long term Customer focus requires profitability and sustainability
People Power: People are our Primary Asset. Happier People = Happier Customers
Geographical Coverage
Programs
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Healthcare
Description* Raahi - Truckers Eye Health Program - A flagship initiative by Chola designed to provide eye care services to Commercial Vehicle Crew Members (CVCMs), ensuring better vision and overall eye health for this vital workforce.
* Little Hearts - Offers free heart surgeries for children of CVCMs suffering from congenital heart disorders, providing life-saving treatment and support to families in need.
* Strengthening Maternal Health - Maternal Deliveries and Newborn Care: Free services for pregnant women from CVCM families, including safe institutional deliveries and essential medical care through the Sri Sathya Sai Sanjeevani Mother & Child Hospital (Mamatva) over a nine-month program.
* Cancer Treatment for Children: Supports cancer and hemophilia treatment for children from economically weaker sections, making healthcare more accessible and affordable for these families.
* Sadhanapada - A seven-month free residential program focused on inner transformation, promoting physical health, mental stability, balance, and clarity for a more vibrant and fulfilling life.
* Action for Rural Rejuvenation - Delivers primary healthcare through Mobile Health Clinics (MHC) and Isha Rural Health Clinics (IRHC) in the tribal and rural communities of Thondamuthur Block (Coimbatore district) and Panamarathupatti Taluk (Salem district).
* Yoga for All - Provides free yoga training to enhance physical, mental, and emotional well-being for individuals across various communities.
* CHOLA – Arogyasarthy - Addresses lifestyle-related health challenges such as diabetes, hypertension, anemia, and gastric ailments among truck drivers, offering free primary healthcare services for their overall well-being.
* Hospital Clowning & Creative Therapy Workshops - Organizes creative therapy sessions, including laughter therapy, for children undergoing chemotherapy and terminally ill patients at Children’s Government Hospital, Egmore. These workshops also support caregivers, medical staff, and families in enhancing mental well-being and reducing the need for pain medication.
* SAMHITA - Integrated Rehabilitation Center for Children with Developmental Delays - Provides multispecialty care and rehabilitation for children with developmental delays from low- and middle-income families, focusing on comprehensive, patient-centered treatment.
* Promoting Quality Healthcare and Education for Marginalized Sections - Supports healthcare services for the elderly, sick, and underprivileged through hospitals, nursing homes, and maternity centers. Offers financial aid, grants, and other forms of support to destitute individuals, orphans, widows, and children in need of educational assistance.
* Healthcare Services for Rural Communities and Hydrogeological Studies - Provides essential healthcare to underserved populations in the Cuddalore district. Additionally, it conducts hydrogeological studies to map water bodies in and around Oonaiyur, addressing water-related challenges in rural areas.CauseHealthcareStatesAndhra PradeshKarnatakaWest BengalChhattisgarhAssamDelhiGujaratHaryanaKeralaMadhya PradeshPunjabUttar PradeshOdishaTamil NaduMaharashtraDemographicsTruckerschildren suffering from heart disordersnewborn childrennew motherswomencancer patientschildren suffering from cancertribalsrural populationmedical staffelderlyunderprivileged patientsorphanswidowsstudentsImpactPeople benefitted from preventive healthcare programs 1,00,000Vision centers established 20Maternal health care services provided to expectant mothers 399Life-saving congenital heart surgeries performed 528Children supported with cancer treatment 57 -
Water and Sanitation
Description* Swachha Odisha Gram Vikas - Odisha, one of the country's poorest states, faces significant challenges in living standards due to low per capita income. This project focuses on enhancing access to clean water, safe sanitation, and promoting healthy sanitary practices through the use of toilets. Key initiatives include ensuring access to water for every household in the village and constructing overhead water tanks for water storage and supply to individual toilets, fostering a healthier and more hygienic living environment.
* Swachha Telangana Project - Phase VI - This initiative aims to provide purified drinking water to remote villages through the installation of Ultra Filtration (UF) plants, offering 'Any Time Water' (ATW) solutions to ensure consistent access to safe and clean drinking water for underserved communities.CauseWASHDemographicsRural population -
Education
Description* Arts in Education - This program creates a joyful and engaging learning environment for primary school children, strengthening their foundational skills and enhancing classroom participation. It fosters creativity, imagination, and provides a safe space for children to develop these essential abilities.
* My Dream Scholarship Program - A comprehensive poverty alleviation initiative focused on supporting children from the Commercial Vehicle Crew Members (CVCM) community. The program provides scholarships for college education, technical training, and higher studies, empowering underprivileged children with opportunities for a brighter future.
* AKKAM - STEM Education & Labs in Government Schools - This project establishes STEM facilities in five government schools in Chennai, aiming to enhance students' aptitude, academic performance, and self-confidence. It also promotes higher enrollment by providing improved educational resources.
* CNC Tutor Machine for Technical Training Centre - In collaboration with WORTH Trust, an NGO for differently-abled students (speech & hearing impaired and physically challenged), Chola has introduced a CNC Tutor Machine at the Technical Training Centre. This initiative equips students with advanced CNC machining skills, improving their employability and career prospects.
* Mini-Library for Anganwadis - Chola supports inclusive early childhood education by equipping 50 anganwadis with mini-library resource kits. These kits include 20 multi-sensory educational and play items along with storage cabinets. The initiative ensures the inclusion of children with disabilities (CWDs) and enhances pre-school education quality, supported by a six-month teacher training program.
* Financial Literacy Plus Allied Services - A program designed to educate Commercial Vehicle Crew Members (CVCMs) and their families, especially women, on financial planning, government schemes, banking, digital transactions, safety, insurance, investments, and saving practices. It aims to enhance financial awareness and self-reliance within these communities.
* Classrooms at Government Girls Higher Secondary School - Chola has contributed to constructing additional classrooms at the Government Girls Higher Secondary School in Mogappair, Chennai. This expansion facilitates higher education for girls from economically weaker sections, increasing enrollment and providing better educational opportunities in the region.CauseEducationStatesTamil NaduGujaratMaharashtraRajasthanDemographicsPrimary school childrenunderprivileged childrendifferently-abled childrenanganwadi childrenteacherswomengirls from economically weaker sectionsImpactIndividuals benefitted from financial literacy programs 35,000Students benefitted from educational interventions 1,50,000Number of scholarships provided 446 -
Art & Culture
Description* Arts Education Programme Elements - This program integrates arts education into students’ holistic development, encouraging them to discover the joy of learning both within and beyond the curriculum. It empowers teachers to connect students’ lived experiences with their textbook syllabus by exploring local arts, cultural forms, and practices.
* The Dakshina Chitra Museum - Cholamandalam Arts & Museum Management Project - This initiative supports student internships to develop practical work skills in managing a living museum. It serves as a hub for knowledge creation and exchange, encompassing activities like collections, archiving, conservation, research, library management, arts and museum administration, and exposure programs for school students. The project also facilitates exhibitions, events, cultural tourism, a crafts shop, crafts bazaars, and financial and administrative training.
* Mangala Isai Vizha - Mangala Isai Vizha is a unique music initiative celebrating the Mangala vadyams of South India, particularly the Nadaswaram and Thavil. This platform highlights the exceptional talent of young musicians mastering these majestic instruments, preserving and promoting this rich musical heritage.CauseArt & CultureStatesKarnatakaTamil NaduDemographicsStudentsteachers. musiciansSupported NGOsPartners for Art & Culture -
Sports
DescriptionChola empowers aspiring female golfers to dream big and achieve greater success. By providing essential support for their training, Chola enables them to compete confidently and excel on larger platforms.
CauseSportsStatesKarnatakaDelhiDemographicsFemale golfersImpactPeople impacted by Sports initiatives 127Blind women trained in football 20 -
Rural Development
DescriptionThe Farmer Producer Organizations (FPOs) initiative is dedicated to transforming the lives of Indian farmers by fostering prosperity, ensuring market access, and promoting sustainability. This is achieved through comprehensive technical, financial, and marketing support tailored to meet farmers' needs.
CauseRural DevelopmentStatesAndhra PradeshTamil NaduBiharGujaratHaryanaMadhya PradeshMaharashtraUttar PradeshUttarakhandOdishaDemographicsFarmersImpactVillages where solar panels were implemented 18Toilets constructed 438RO water plants installed 106 -
Environment Sustainability
Description* High Altitude Program in Spiti - A village-level livestock security initiative offering compensation to villagers for livestock lost to snow leopards and wolves, fostering coexistence with wildlife.
* Oceans and Coasts Program: This program studies how fishers and fishing communities make harvesting decisions using socioeconomic, behavioral, and resource management theories. By comparing a well-established coastal fishery with a developing fishery in an oceanic atoll system, it examines how local and regional factors shape the sustainability or overharvest trajectories of tropical marine fisheries.
* Elephant Program in Valparai - Utilizing communication technology to enhance human-elephant coexistence in the plantation-forest landscape of Anaimalai, this program focuses on saving lives and reducing human-wildlife conflict.
* Conflicts to Coexistence: Employs mobile phone technology to enhance human safety and support elephant conservation in modified landscapes across South India.
* Marine Species Conservation: Studies and mediates the responses of marine species to local and global disturbances, supporting sustainable marine ecosystems.
* Season Watch: A citizen science initiative engaging the public in documenting seasonal changes in flowering, fruiting, and leafing of trees, fostering awareness of climate change.
* Eastern Himalayas Conservation: Focuses on the research and protection of threatened hornbills and mammals in the biodiverse Eastern Himalayan region.CauseEnvironmentStatesHimachal PradeshLakshadweepDemographicsLivestock farmersfishing communitiesanimalsSupported NGOsPartners for Environment Sustainability -
Research & Development
DescriptionResearch and development on solar based energy and sustainable agricultural practice in rural areas for improving crop production.
CauseEnvironmentStatesTamil NaduDemographicsFarmersSupported NGOsPartners for Research & Development
Impact
Annual Reports
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2024
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2023
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2022
Website
Location
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Headquarters
Cholamandalam Investment & Finance Company Limited (CIFCL), Chola Crest, C54-55 & Super B-4, Thiru-Vi-Ka Industrial Estate, Guindy
Directions, Chennai, Tamil Nadu
Contact
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Phone Number
1800-102-4565