Cholamandalam Investment and Finance Company Limited — Board Meeting, 25-10-2024: Outcome of Board Meeting

Cholamandalam Investment and Finance Company reported robust financial results for the quarter ending September 30, 2024, with a 26% year-on-year growth in profit after tax (PAT) to ₹963 crore, and a 37% increase in net income to ₹3,238 crore. Disbursements surged by 13% to ₹24,314 crore for the quarter. The board also approved the appointment of Mr. Jeeva Balakrishnan as Chief Human Resource Officer and Mr. Aman Sharma as Head Operations, effective November 5, 2024.