Cholamandalam Investment and Finance Company has issued a statement denying speculation published by Moneycontrol regarding Mr. Vellayan Subbiah’s exit as part of a family settlement. The company confirms that Mr. Subbiah continues as Executive Chairman until March 31, 2030. Furthermore, the group asserts that there has been no change in the management control structure or ownership across its businesses.
Refutation of Media Speculation
Cholamandalam Investment and Finance Company Limited addressed a news item published on February 26, 2026, suggesting that Mr. Vellayan Subbiah would be exiting his role as part of a Murugappa family settlement. The company formally declares that the speculation detailed in the article is factually incorrect and entirely baseless.
Confirmation of Leadership Continuity
The company explicitly confirms that Mr. Vellayan Subbiah remains the Executive Chairman of Cholamandalam Investment and Finance Company. His current appointment is secured for a five-year term, effective from April 1, 2025, to March 31, 2030.
Unaltered Management Structure
In addition to confirming the Executive Chairman’s tenure, the Group affirmed that the fundamental management control structure and ownership of its businesses remain unchanged. This structure has been in place for several years and involves:
- Mr. Vellayan Subbiah and M A M Arunachalam overseeing Tube Investments of India, Cholamandalam Investment and Finance Company, and CG Power and Industrial Solutions, alongside their respective subsidiaries.
The organization emphasizes its commitment to the continuity, stability, and transparency of its governance framework and intends to correct the public record to prevent the spread of misinformation.
Source: BSE
