Cholamandalam Investment Confirms Vellayan Subbiah Remains Executive Chairman, Denies Exit Reports

Cholamandalam Investment and Finance Company has denied media reports claiming that Executive Chairman Vellayan Subbiah is exiting the firm. The company confirmed that Subbiah continues in his role for his approved five-year term ending in March 2030, with no changes in management control or ownership within the Murugappa Group. The firm also reported a rise in Q3FY26 income to Rs 7,985 crore and profit after tax of Rs 1,288 crore, reflecting growth from the previous year.