Cholamandalam Investment and Finance Company has formally denied recent reports claiming that Executive Chairman Mr. Vellayan Subbiah would exit the company as part of a family settlement. The company confirmed that the speculation is factually incorrect and entirely baseless. Mr. Subbiah remains in his role with an approved five-year term running from April 1, 2025, to March 31, 2030. The existing management structure remains unchanged.
Official Denial of Exit Rumors
Cholamandalam Investment and Finance Company Limited issued a clarification on February 26, 2026, in response to a news item published on Moneycontrol alleging that Mr. Vellayan Subbiah, Executive Chairman, was set to exit the firm as part of a Murugappa family settlement.
The company attached a formal statement from Mr. Subbiah’s office, which categorically states that the speculation reported in the article is “factually incorrect and entirely baseless.”
Confirmation of Leadership Continuity
The announcement strongly confirms that Mr. Vellayan Subbiah continues to serve as the Executive Chairman of Cholamandalam Investment and Finance Company. This tenure is secured under his duly approved appointment for a full five-year term, effective from April 1, 2025, until March 31, 2030.
Furthermore, the company asserts that there is no change in the management control structure or ownership of the Group’s businesses. The management structure that has been stable for several years continues unchanged. Specifically, -Vellayan Subbiah and M A M Arunachalam continue to oversee key entities, including Tube Investments of India, Cholamandalam Investment and Finance Company, and CG Power and Industrial Solutions, along with their respective subsidiaries.
Commitment to Stability
The Group reiterated its commitment to the continuity and stability of its governance and management and its dedication to maintaining transparency. The company assured stakeholders that it will continue to adhere to all required disclosure obligations as and when any material event necessitating public disclosure occurs.
Source: BSE
