YEAR EVENTS 1978 - The Company promoted by the Murugappa Group was incorporated on 17th August at Chennai as a Public Limited Company. The Company leads with Hire purchase and leasing services for acquiring industrial equipments, computers and consumer durables. 1980 - 1,00,000 shares taken up by promoters, directors, etc. 1,50,000 shares offered at par to the public in February 1980. 1982 - 2,49,300 Rights shares allotted at par (prop. 1:1). 1985 - 4,99,300 Rights shares issued at par in prop. 1:1. 1986 - The Company offered 6,00,000 Rights equity shares of Rs 10 each linked to 4,00,000 - 15% secured redeemable non-convertible debentures of Rs 100 each in the proportion 30 equity shares and 20 debentures: 50 equity shares held. The debentures are redeemable at a premium of Rs 5 per debenture on the seventh year from the date of allotment of debentures. 1990 - 8,00,000 bonus shares issued in prop. 1:2. 16,00,000 Rights equity shares issued to holders prior to bonus issue (prem. Rs 3 per share; prop. 1:1). Additional 2,32,035 shares allotted to retain oversubscription. Another 8,00,000 shares offered (prem. Rs 3 per share) to employees (only 15,400 shares taken up). 1991 - The Company augmented its product range by introducing automobile finance under its Credit Cars Scheme. - 265 No. of equity shares allotted (prem. Rs 3 per share). 1992 - The subsidiary Companies Cholamandalam Software Ltd. was amalgamated with Cholamandalam Factoring Ltd. and Cholamandalam Housing Finance Ltd. and Cholamandalam Lease and Hire Purchase Ltd. ceased to be the subsidiaries of the Company. 1993 - During February-March, the Company offered 42,47,700 No. of Rights equity shares of Rs 10 each for cash at a premium of Rs 20 per share in the proportion 1:1 (all were taken up). - Another 2,12,385 No. of equity shares of Rs 10 each were offered at a premium of Rs 20 per share to the employees' on an equitable basis (only 4,400 shares taken up). - The Company has augmented its product range by introducing "Gold Nest-Child Education Fixed Deposit Scheme". 1994 - The Company made an issue of Commercial Paper to the extent of Rs.12 crores which was rated by CRISIL as P1 , the highest rating for the issue of Commercial Paper. - The Company has already set up a Merchant Banking Division during the year under review which is expected to contribute significantly to the product range and profits for the future. - The Company undertook to diversify into related financial services like Mutual Funds, securities trading and risk management through subsidiaries/joint venture companies. 1995 - During January, the Company offered 42,49,900 No. of equity shares of Rs 10 each at a premium of Rs 45 per share in the proportion 1:2 (all were taken up). - The Company also issued through prospectus 42,49,900 No. of equity shares of Rs 10 each at a premium of Rs 90 per share of which 8,49,900 shares and 8,49,900 shares to banks and financial institutions. Of the balance, 8,49,900 shares were reserved for allotment on a preferential basis to NRIs (all were taken up). Remaining 17,00,200 shares were issued to the public (all were taken up). 1996 - The Company signed a MOU with Guardia Royal Exchange Insurance Group, U.K. for risk management services. - Cholamadalam Factoring Ltd., Cholamandalam Securities Ltd. & Cholamandalam Hazard Management Ltd. are subsidiaries of the Company. - Cholamandalam Hazard Management Limited (CHML), a Joint Venture with M/s. Hazard Management Limited of U.K., has commenced operations to provide advisory services in the area of industrial risk management. 1997 - The Company's Joint Venture with Cazenove Fund Management Limited of U.K., Cholamandalam Cazenove AMC Limited launched its maiden mutual fund scheme in February. - The Company has signed a Memorandum of Understanding with Guardian Royal Exchange Insurance Group. U.K. for risk management services. - The maiden mutual fund was launched. 1998 - The Company, the financial services arm of the Rs.2,600 crore Murugappa group and the UK-based Guardian Royal Exchange plc have signed up a joint venture agreement to undertake risk management consultancy. - The Company, part of Murugappa group has opted for a dual rating, and has obtained the best rating from ICRA. 1999 - The Company has joined hands with the world's largest insurance company, the $655bn (assets under management) Axa S.A.-France, to enter the non-life insurance business in India. - Cholamandalam is also in talks with Axa to forge an agreement where the premium incomes received by both insurance ventures will be managed by its 51:49 joint venture Cholamandalam Cazenove AMC Ltd. 2000 - New Ambadi Investments Pvt Ltd (NAIL) has acquired 35,29,959 (14.9 per cent) equity shares of the company and consequently its present holding stands at 29,45,113 (17.32 per cent). - ICRA has assigned an MAAA rating to the Rs. 50 crore medium term debenture programme of the company. - Cholamandalam Distribution Services Ltd. has become a wholly owned subsidiary of the company effective September 28 subscribing a private placement of 15,00,000 No. of equity shares of Rs 10 each at par of CDSL. - Cholamandalam Distribution Services a subsidiary of Cholamandalam Investment and Finance Company, has signed a MoU with HDFC Standard Life Insurance for distributing latter's products. 2002 - Cholamandalam Investment & Finance Company Ltd has informed that the Board of Directors of the Company approved the changes in the Board: (1) Appointment of Mr A Vellayan as an Additional Director of the Company. He will be a non-executive Director on the Board.(2) Appointment of Mr Partho S Datta Director as a Wholetime Director of the Company w e f April 01, 2002. -Cholamandalam Investment & Finance Company Ltd has informed BSE that the Board has issued secured redeemable non-convertible debentures and short term redeemable non convertible debentures up to an amount of Rs 2000 million each on private placement basis to mutual funds/institutions/banks/bodies corporate/individuals or other agencies. -Cholamandalam Investment & Finance Company Ltd has approved an issue of 35,00,000 cumulative redeemable preference shares of Rs 100/- each aggregating to Rs 350 million for cash at par on a private placement basis to persons being institutions/banks/bodies coporate/mutual funds/individuals and other agencies, whether incorporated or not. 2003 - De-listing of the company's equity shares from the Coimbatore Stock Exchange Ltd, subject to the approval of the shareholders of the company. -Increase in Authorised Capital from Rs 700 million to Rs 1600 million . -The BoD of the Company at its meeting held today (December 8, 2003) has approved the issue of 1,26,49,517 Equity Shares of the company of Rs 10/- each at a premium of Rs 45/- in the ratio of 1 equity share for every 2 equity shares held to the existing equity shareholders of the company on a rights basis. -Board approves issue of NCD -inks securitisation pact with HDFC -raises Rs 100 cr through debentures issue - International Finance Corporation (IFC), Washington extends Rs 100-crore credit line to the company - The global distribution system provider, Amadeus, has tied up with Cholamandalam Finance to offer online travel insurance solutions -Board approves the issue of 1,26,49,517 Equity Shares of the company of Rs 10/- each at a premium of Rs 45/- in the ratio of 1 equity share for every 2 equity shares held to the existing equity shareholders of the company on a rights basis - invokes Rs 150-m placing short term bonds -Board approves delisting of its shares from Coimbatore Stock Exchange 2004 -Cholamandalam Investment & Finance Ltd has informed that the equity shares of the company has been delisted from Coimbatore Stock Exchange wef March 31, 2004. - Cholamandalam AXA Risk Services Ltd (CARSL) has become a subsidiary of the Company with effect from August 27, 2004 2005 -The Acquirer is making an Open Offer to the public shareholders of Cholamandalam Investment & Finance Company Ltd ("Target Company") to acquire upto 8,189,295 shares, representing in aggregate 20% of the issue and fully paid-up equity share capital of the Target Company assuming that the maximum number of new shares pursuant to the Preferential issue were allotted, at a price of Rs 150 per share ("Offer Price") payable in cash subject to terms & condition. 2006 -Company has changed its name from Cholamandalam Investment & Finance Company Ltd. to Cholamandalam DBS Finance Ltd. 2007 -The company has issued rights in the ratio of 3:8 at a premium of Rs. 130/-Per Share. 2010 -The name of the Company has been changed from "M/s. Cholamandalam DBS Finance Ltd" to "M/s. Cholamandalam Investment and Finance Company Ltd". -The Company has acquired 347379 equity shares in M/s. Cholamandalam Factoring Ltd. 2012 -Mr. N Srinivasan, Director has been apponted as Vice Chairman of the Company . 2013 -Cholamandalam organized "Sacha Saathi" in Auto Nagar. 2014 -Apax Partners Acquires 8% Stake in Cholamandalam Investment. 2015 - Cognizant Drives Digital Transformation of Chola's Vehicle Finance Business to Reduce Costs, Improve Business Agility, and Deliver an Integrated Customer Experience, March 10, 2015 2016 -"CHOLA expands its footprints in Karnataka by opening four new branches". 2017 -Chola teams up with Mavin for digital push. -Cholamandalam inks pact with HUDCO, Indian Commodity. -Cholamandalam Signs an Agreement with JCB. 2018 -Chola Finance partners with PeopleStrong for HR tech facilities. 2020 -Cholamandalam ties up with hospital to save kids of truckers. -Cholamandalam Investment and Finance Company Limited (Chola) launches its co-lending business with technology from Nucleus Software. 2021 -Chola reiterates partnership with Sri Sathya Sai Sanjeevani Hospitals. -Cholamandalam Investment and Finance Company Limited (Chola) and Karur Vysya Bank Limited (KVB) ink partnership for co-lending business. 2022 -Chola embarks on next wave of growth through new business divisions, digital partnerships & strategic investment in the Consumer and SME eco-system. -Company has signed a Shareholders Agreement and a Share Purchase Agreement with Payswiff, its founders and other existing shareholders.