Cholamandalam Investment and Finance Company is planning to open about 100 branches across the country in FY18, on expectation of robust growth in the vehicle-financing segment. This will take the total number of branches to 800. The Murugappa Group financial services company is expecting growth to gather momentum in the coming quarters on the back of good monsoon and higher government spending.
Cholamandalam Investment & Finance Company is among the top 5 NBFC’s in the country operating in vehicle finance, home equity, corporate and mortgage finance segments with subsidiaries in the broking and wealth advisory space.
