Latest news with #CholamandalamInvestmentandFinanceCompany
New Indian Express
09-07-2025
- Business
- New Indian Express
Our youngsters have the attitude to move on... and improve, says Anand
CHENNAI: In a big move to strengthen India's chess ecosystem and invest in the next generation of champions, Cholamandalam Investment and Finance Company (Chola) launched Chola Chess, a CSR initiative aimed at identifying and nurturing young chess talent across the country in collaboration with Chess Gurukul run by GM RB Ramesh. The initiative seeks to provide a structured platform for early-stage, talent development particularly among children showing promise at the grassroots level. Chola Chess aims to catch the talent young and shape them into better players. Led by GM RB Ramesh who will combine elite mentorship, training, and mental conditioning. A standout feature of the initiative will be its hybrid delivery model: will ensure players from across the country, including rural areas, can access high-quality mentorship regardless of geographical region. "With Chola Chess, we are keen to help budding players from the grass root level to give them a platform to be better players. Even mid-level players and those who are experienced can hone their skills,'' said prominent coach RB Ramesh. Viswanathan Anand who was a special guest lauded the initiative and spoke highly about the talent pool in the country. ''It's (talent pool) pretty self explanatory that we have so many people in the top of world chess. You saw it at the Olympiad last year. Something that makes us very proud,'' said Anand. D Gukesh is the world champion, but he has been run down by several players including Magnus Carlsen. Anand felt Gukesh should 'ignore' the comments and keep improving. ''I mean, you cannot go on living by your critics. That's part of the world. You just try to get better. But I am happy that all our youngsters have this attitude. This desire to question yourself and keep improving. And they should continue doing that,'' said Anand.
Economic Times
26-04-2025
- Business
- Economic Times
Cholamandalam Investment and Finance reports Q4 consolidated PAT at Rs 1,259.54 cr
Cholamandalam Investment and Finance Company reported a consolidated profit after tax of Rs 1,259.54 crore for the January-March 2025 quarter. The financial year saw profits surge to Rs 4,262.70 crore. Total income for the quarter reached Rs 7,136.91 crore, with total disbursements growing by 7% to Rs 26,417 crore. AUM stood at Rs 1,99,876 crore, marking a 30% increase. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Chennai, Cholamandalam Investment and Finance Company Ltd has recorded a consolidated profit after tax for the January-March 2025 quarter at Rs 1,259.54 crore, the company said on Saturday. The city-based company, which is the financial services arm of the diversified conglomerate Murugappa Group , had registered a profit after tax of Rs 1,065.23 crore during the corresponding quarter of last financial the financial year ending March 31, 2025, the profit after tax surged to Rs 4,262.70 crore, from Rs 3,420.06 crore registered in the year ago consolidated total income for the January-March 2025 quarter soared to Rs 7,136.91 crore, as compared to Rs 5,499.16 crore registered in the year ago the financial year ending March 31, 2025, the consolidated total income went up to Rs 26,152.76 crore from Rs 19,419.87 crore registered in the year ago total disbursements made during the quarter under review grew by 7 per cent to Rs 26,417 crore as compared to Rs 24,784 crore disbursed during the same quarter of last financial the year ending March 31, 2025, the total disbursements breached the Rs 1 lakh crore mark to touch Rs 1,00,869 crore from Rs 88,7245 crore registering a growth of 14 per cent, year-on-year basis, the company Assets Under Management (AUM) as of March 31, 2025 stood at Rs 1,99,876 crore, as against Rs 1,53,718 crore registered in the year ago period, witnessing a 30 per cent Capital Adequacy Ratio (CAR) of the company as of March 31, 2025, was at 19.75 per cent as against the regulatory requirement of 15 per capital was at 14.41 per cent and Tier II capital was at 5.34 per cent. The Common Equity Tier-I Capital was at 13.68 per cent as against a regulatory minimum of 9 per cent, the company Board of Directors, which met on April 25, has recommended a final dividend of Rs 0.70 per share (35 per cent) on the equity shares of the company, subject to the approval of the is in addition to the interim dividend of Rs 1.30 per share (65 per cent) for the financial year 2024-25 declared by the company on January 31, 2025, the company added.
