Cholamandalam Welcomes Vellayan Subbiah as Executive Chairman: A New Chapter Begins!

Cholamandalam Investment and Finance Company Ltd appointed Vellayan Subbiah as its executive chairman with effect from April 1, 2025. The board of directors made the appointment in a meeting on March 24, 2025. Subbiah, now non-executive chairman, will hold office for five years up to March 31, 2030.

 

This appointment is subject to the shareholders' approval, which will be requested through a postal ballot under the Companies Act, 2013 and SEBI regulations. Cholamandalam explained that Subbiah is qualified to occupy the office and is not prohibited by any regulator. After making this announcement, Cholamandalam's shares fell by a modest 0.42%, closing at Rs 1,532 on the NSE.

 

Source: The Federal