Cholamandalam Open to Equity Partner for Value, Focuses on Profitable Growth: CFO

• Cholamandalam Investment is open to an equity partner if it adds value and meets return benchmarks, says CFO Arul Selvan D.
• The company is largely self-funded, growing at 20-25% with a 3.5% pre-tax return on assets, and not in a rush to raise equity.
• Disbursement momentum improved in Q3FY26, with vehicle finance and home loans recovering, and loan against property growing steadily.
• Chola adopts a calibrated approach in SME and unsecured segments, focusing on balance sheet quality and moderate growth.
• The company targets 20-23% AUM growth for FY26, prioritizing profitable and consistent growth, expecting margin improvement and declining credit costs.

Why It Matters: Cholamandalam seeks strategic equity partners for value, prioritizing profitable, consistent growth over mere scale.