# Cholamandalam Investment and Finance

> NBFCs. Figures from the lender's own filings, each checked against the page it came from.

Page: https://creditbrief.in/lenders/chola

## Loan book

- ₹2.24 lakh crore on 31 March 2026, the end of FY2025-26 (Business AUM).
- ₹2.48 lakh crore on 30 Sep 2026, the latest half-year balance.
- Source: Cholamandalam Investment and Finance Investor Presentation Mar 2026, PDF page 8: https://nsearchives.nseindia.com/corporate/lakshmits_30042026195611_Investor_PresentationforMar2026.pdf

## Findings

- Grew 31% a year from March 2022 to March 2026, faster than 9 of the 10 other NBFCs with like-for-like figures for those years.
- Growth slowed to 21% in FY2025-26, from 27% the year before.
- Moved up from 5th to 4th biggest of these 13 NBFCs between March 2022 and March 2026.

## What it lends against (30 Sep 2026)

- VF (Vehicle Finance): ₹1.30 lakh crore (52.3%)
- LAP (Loan Against Property): ₹57,447 crore (23.2%)
- HL (Home Loan): ₹25,240 crore (10.2%)
- CSEL (Consumer & Small Enterprise Loan): ₹17,216 crore (6.9%)
- SME: ₹10,943 crore (4.4%)
- SBPL (Secured Business & Personal Loan): ₹3,966 crore (1.6%)
- Gold: ₹3,446 crore (1.4%)

Source: Cholamandalam Investment and Finance Investor Presentation Q2 FY27, PDF page 8: https://nsearchives.nseindia.com/corporate/lakshmits_28102026143348_Investor_Presentation_28Oct2026.pdf

## Figures by period

| Measure | FY2021-22 (31 Mar 2022) | FY2022-23 (31 Mar 2023) | FY2023-24 (31 Mar 2024) | FY2024-25 (31 Mar 2025) | FY2025-26 (31 Mar 2026) | 30 Sep 2026 |
|---|---|---|---|---|---|---|
| Loan book (₹ crore) | 76,907 | 1,06,498 | 1,45,572 | 1,84,746 | 2,24,334 | 2,48,045 |
| Branches (Number) | 1,145 | 1,191 | 1,387 | 1,613 | 1,761 | 1,958 |

### Sources for each figure

- Loan book, FY2021-22 (31 Mar 2022): "Business AUM growth of 10% YoY at Rs.76,907 crores." (Cholamandalam Investment and Finance Investor Presentation May 2022, PDF page 12) https://nsearchives.nseindia.com/corporate/CHOLAFIN_05052022185800_Investorpresentation_May2022.pdf
- Loan book, FY2022-23 (31 Mar 2023): "Business AUM At Rs. 1,06,498 Cr in FY23 registering a growth of 38% as compared to FY22" (Cholamandalam Investment and Finance Investor Presentation Q4 FY23 (with Outcome of Board Meeting, 3 May 2023), PDF page 13) https://nsearchives.nseindia.com/corporate/CHOLAFIN_03052023182931_Outcome_of_Board_3May2023_Investors_Presentation.pdf
- Loan book, FY2023-24 (31 Mar 2024): "Business AUM Rs. 1,45,572 Cr in Q4 FY24 registering a growth of 37%." (Cholamandalam Investment and Finance Investor Presentation Mar 2024, PDF page 11) https://nsearchives.nseindia.com/corporate/CHOLAFIN_30042024173218_InvestorPresentation_Mar2024.pdf
- Loan book, FY2024-25 (31 Mar 2025): "Business AUM Rs.1,84,746 Cr, a growth of 27%." (Cholamandalam Investment and Finance Investor Presentation Q4 FY25, PDF page 11) https://nsearchives.nseindia.com/corporate/lakshmits_25042025152401_Investor_Presentation_25Apr2025.pdf
- Loan book, FY2025-26 (31 Mar 2026): "Business AUM Rs.2,24,334 Cr, a growth of 21%." (Cholamandalam Investment and Finance Investor Presentation Mar 2026, PDF page 8) https://nsearchives.nseindia.com/corporate/lakshmits_30042026195611_Investor_PresentationforMar2026.pdf
- Loan book, 30 Sep 2026: "Business AUM Rs.2,48,045 Cr, a growth of 25%." (Cholamandalam Investment and Finance Investor Presentation Q2 FY27, PDF page 8) https://nsearchives.nseindia.com/corporate/lakshmits_28102026143348_Investor_Presentation_28Oct2026.pdf
- Branches, FY2021-22 (31 Mar 2022): "1145 branches across 29 states/Union territories" (Cholamandalam Investment and Finance Investor Presentation May 2022, PDF page 17) https://nsearchives.nseindia.com/corporate/CHOLAFIN_05052022185800_Investorpresentation_May2022.pdf
- Branches, FY2022-23 (31 Mar 2023): "1191 branches across 29 states/Union territories" (Cholamandalam Investment and Finance Investor Presentation Q4 FY23 (with Outcome of Board Meeting, 3 May 2023), PDF page 18) https://nsearchives.nseindia.com/corporate/CHOLAFIN_03052023182931_Outcome_of_Board_3May2023_Investors_Presentation.pdf
- Branches, FY2023-24 (31 Mar 2024): "1387 branches across 29 states/Union territories" (Cholamandalam Investment and Finance Investor Presentation Mar 2024, PDF page 17) https://nsearchives.nseindia.com/corporate/CHOLAFIN_30042024173218_InvestorPresentation_Mar2024.pdf
- Branches, FY2024-25 (31 Mar 2025): "1613 branches across 26 states & 7 Union territories" (Cholamandalam Investment and Finance Investor Presentation Q4 FY25, PDF page 17) https://nsearchives.nseindia.com/corporate/lakshmits_25042025152401_Investor_Presentation_25Apr2025.pdf
- Branches, FY2025-26 (31 Mar 2026): "1761 branches across 26 states & 7 Union territories" (Cholamandalam Investment and Finance Investor Presentation Mar 2026, PDF page 9) https://nsearchives.nseindia.com/corporate/lakshmits_30042026195611_Investor_PresentationforMar2026.pdf
- Branches, 30 Sep 2026: "1958 branches across 26 states & 7 Union territories" (Cholamandalam Investment and Finance Investor Presentation Q2 FY27, PDF page 9) https://nsearchives.nseindia.com/corporate/lakshmits_28102026143348_Investor_Presentation_28Oct2026.pdf

CreditBrief is independent and not linked to any lender. Not investment advice.