Cholamandalam Investment and Finance Company Limited

Cholamandalam Investment and Finance Company Limited is an Indian company in the BFSI industry (formerly Cholamandalam Dbs Finance Limited) with 45 outstanding bonds (ISINs) recorded on this page. Stated coupons on its fixed-rate bonds range from 7.36% to 10.88% a year. 6 are cumulative bonds, which pay no periodic coupon; their contractual return is payable at maturity. One has a floating or market-linked coupon. Maturity dates run from 7 Dec 2026 to 31 Dec 2099. NSDL records 27 of the 45 whose terms it holds as secured. Latest credit ratings on record: ICRA AA+ (Positive) (action dated 2 Sep 2026); CARE AA+ (Stable) (action dated 27 Aug 2026); India Ratings AA+ (Stable) (action dated 24 Feb 2026). Verify current terms against the official documents linked on this page.

Data as of 14 Nov 2026 (snapshot 20261114-2051) · How this page is compiled

Issuer overview

Legal name
Cholamandalam Investment and Finance Company Limited
Formerly
Cholamandalam Dbs Finance Limited
CIN
L65993TN1978PLC007576
LEI
3358008DNPV45O4EII52
Industry
BFSI
Business
Non-Banking Financial Company (NBFC)
Ownership
Non PSU
ISIN issuer code
INE121A
Outstanding bonds (ISINs)
45 (plus 2 matured)
Stated coupons (fixed rate)
7.36% – 10.88%
Maturity dates
7 Dec 2026 – 31 Dec 2099
Secured (NSDL)
27 of 45
Combined issue size of outstanding bonds
₹37,442 crore
Traded on
BSE, NSE

Issue size is the amount each bond raised when it was issued, as recorded by NSDL. It is not the amount still outstanding today (bonds can be partly redeemed or bought back) and not the company's total debt.

Cholamandalam Investment and Finance Company bonds: ISIN, coupon and maturity

45 outstanding bonds, by maturity date.

ISIN Type Coupon Interest paid Allotted Maturity Face value Issue size (₹ cr) Security Guarantee Traded on Rating (NSDL)
INE121A07RK6 NCD Cumulative At maturity 7 Dec 2023 7 Dec 2026 ₹1,000 11.27 Secured None recorded NSE India Ratings AA+ 24 Feb 2026
INE121A07RO8 NCD 8.5% Yearly 7 Dec 2023 7 Dec 2026 ₹1,000 228 Secured None recorded BSE, NSE India Ratings AA+ 24 Feb 2026
INE121A07RS9 NCD Cumulative At maturity 31 Jan 2024 31 Jan 2027 ₹1,000 4.89 Secured None recorded NSE India Ratings AA+ 24 Feb 2026
INE121A07RT7 NCD 8.5% Yearly 31 Jan 2024 31 Jan 2027 ₹1,000 518 Secured None recorded BSE, NSE India Ratings AA+ 24 Feb 2026
INE121A07SM0 NCD 8.19% Yearly 26 Mar 2025 26 Mar 2027 ₹1,00,000 1,200 Secured None recorded BSE, NSE ICRA AA+ 2 Sep 2026
INE121A07SB3 NCD 8.58% Yearly 13 May 2024 13 May 2027 ₹1,00,000 500 Secured None recorded NSE ICRA AA+ 2 Sep 2026
INE121A07SN8 NCD 7.38% Yearly 28 May 2025 28 May 2027 ₹1,00,000 2,000 Secured None recorded NSE ICRA AA+ 2 Sep 2026
INE121A07SG2 NCD 8.5% Yearly 25 Jul 2024 25 Jul 2027 ₹1,00,000 500 Secured None recorded BSE India Ratings AA+ 24 Feb 2026
INE121A07SL2 NCD 8.2% Yearly 17 Feb 2025 17 Feb 2028 ₹1,00,000 1,000 Secured None recorded BSE India Ratings AA+ 24 Feb 2026
INE121A07QX1 NCD Cumulative At maturity 4 May 2023 4 May 2028 ₹1,000 12.43 Secured None recorded NSE India Ratings AA+ 24 Feb 2026
INE121A07QY9 NCD 8.4% Yearly 4 May 2023 4 May 2028 ₹1,000 440 Secured None recorded NSE India Ratings AA+ 24 Feb 2026
INE121A07SR9 NCD 7.83% Yearly 28 Jan 2026 28 Jun 2028 ₹1,00,000 2,000 Secured None recorded BSE, NSE ICRA AA+ 2 Sep 2026
INE121A07RE9 NCD 8.4% Yearly 9 Aug 2023 9 Aug 2028 ₹1,000 896 Secured None recorded NSE India Ratings AA+ 24 Feb 2026
INE121A07RI0 NCD Cumulative At maturity 9 Aug 2023 9 Aug 2028 ₹1,000 9.65 Secured None recorded NSE India Ratings AA+ 24 Feb 2026
INE121A07SP3 NCD 7.36% Yearly 2 Dec 2025 2 Dec 2028 ₹1,00,000 1,000 Secured None recorded NSE ICRA AA+ 2 Sep 2026
INE121A07RM2 NCD 8.6% Yearly 7 Dec 2023 7 Dec 2028 ₹1,000 447 Secured None recorded BSE, NSE India Ratings AA+ 24 Feb 2026
INE121A07RN0 NCD Cumulative At maturity 7 Dec 2023 7 Dec 2028 ₹1,000 8.91 Secured None recorded NSE India Ratings AA+ 24 Feb 2026
INE121A07RU5 NCD Cumulative At maturity 31 Jan 2024 31 Jan 2029 ₹1,000 2.59 Secured None recorded NSE India Ratings AA+ 24 Feb 2026
INE121A07RV3 NCD 8.6% Yearly 31 Jan 2024 31 Jan 2029 ₹1,000 786 Secured None recorded BSE, NSE India Ratings AA+ 24 Feb 2026
INE121A07SU3 NCD Floating / market-linked Yearly 27 May 2026 27 Feb 2029 ₹1,00,000 5,000 Secured None recorded NSE ICRA AA+ 2 Sep 2026
INE121A07RX9 NCD 8.6% Yearly 5 Mar 2024 5 Mar 2029 ₹1,00,000 1,331 Secured None recorded BSE India Ratings AA+ 24 Feb 2026
INE121A07SS7 NCD 7.94% Yearly 20 Mar 2026 20 Mar 2029 ₹1,00,000 2,000 Secured None recorded NSE ICRA AA+ 2 Sep 2026
INE121A07SC1 NCD 8.65% Yearly 22 May 2024 22 May 2029 ₹1,00,000 1,050 Secured None recorded NSE ICRA AA+ 2 Sep 2026
INE121A07ST5 NCD 8.08% Yearly 5 May 2026 5 Jun 2029 ₹1,00,000 1,500 Secured None recorded NSE ICRA AA+ 2 Sep 2026
INE121A07SI8 NCD 8.25% Yearly 4 Oct 2024 4 Oct 2029 ₹1,00,000 500 Secured None recorded — India Ratings AA+ 24 Feb 2026
INE121A08PF8 NCD 8.75% Yearly 23 May 2023 23 May 2030 ₹1,00,000 300 Unsecured None recorded BSE India Ratings AA+ 24 Feb 2026
INE121A07SO6 NCD 7.58% Yearly 14 Oct 2025 14 Oct 2030 ₹1,00,000 1,000 Secured None recorded NSE ICRA AA+ 2 Sep 2026
INE121A08OL9 Perpetual debt 9.3% Yearly 3 Nov 2020 4 Nov 2030 ₹5,00,000 45.00 Unsecured None recorded — India Ratings AA 24 Feb 2026
INE121A07SQ1 NCD 7.73% Yearly 20 Jan 2026 20 Jan 2031 ₹1,00,000 1,000 Secured None recorded NSE ICRA AA+ 2 Sep 2026
INE121A08PO0 NCD 9% Yearly 15 Jul 2024 9 Apr 2031 ₹1,00,000 110 Unsecured None recorded — India Ratings AA+ 24 Feb 2026
INE121A08PP7 NCD 9.1% Yearly 31 Jul 2024 27 Jun 2031 ₹1,00,000 2,000 Unsecured None recorded NSE India Ratings AA+ 24 Feb 2026
INE121A08OO3 Perpetual debt 9.05% Yearly 30 Jun 2021 1 Jul 2031 ₹5,00,000 40.00 Unsecured None recorded — India Ratings AA 24 Feb 2026
INE121A08PU7 NCD 8.75% Yearly 9 Apr 2025 9 Apr 2032 ₹1,00,000 1,000 Unsecured None recorded NSE India Ratings AA+ 24 Feb 2026
INE121A08PV5 NCD 8.57% Yearly 3 Jun 2025 3 Jun 2032 ₹1,00,000 1,000 Unsecured None recorded NSE India Ratings AA+ 24 Feb 2026
INE121A08PX1 NCD 8.4% Yearly 25 Nov 2025 25 Nov 2032 ₹1,00,000 1,000 Unsecured None recorded BSE, NSE ICRA AA+ 2 Sep 2026
INE121A08PY9 NCD 8.66% Yearly 23 Feb 2026 23 Feb 2033 ₹1,00,000 1,000 Unsecured None recorded BSE, NSE ICRA AA+ 2 Sep 2026
INE121A08PZ6 NCD 8.88% Yearly 25 Jun 2026 25 Jun 2033 ₹1,00,000 2,000 Unsecured None recorded BSE, NSE ICRA AA+ 2 Sep 2026
INE121A08PR3 NCD 8.92% Yearly 2 Dec 2024 2 Dec 2034 ₹1,00,000 1,000 Unsecured None recorded BSE India Ratings AA+ 24 Feb 2026
INE121A08OI5 Perpetual debt 10.88% Yearly 12 Feb 2019 31 Dec 2099 ₹5,00,000 350 Unsecured None recorded BSE India Ratings AA 24 Feb 2026
INE121A08OK1 Perpetual debt 10.75% Yearly 13 Dec 2019 31 Dec 2099 ₹5,00,000 50.00 Unsecured None recorded BSE India Ratings AA 24 Feb 2026
INE121A08OM7 Perpetual debt 9.25% Yearly 8 Mar 2021 31 Dec 2099 ₹5,00,000 100 Unsecured None recorded BSE India Ratings AA 24 Feb 2026
INE121A08ON5 Perpetual debt 9.2% Yearly 25 May 2021 31 Dec 2099 ₹5,00,000 100 Unsecured None recorded BSE India Ratings AA 24 Feb 2026
INE121A08PB7 Perpetual debt 9.45% Yearly 28 Feb 2023 31 Dec 2099 ₹5,00,000 300 Unsecured None recorded BSE India Ratings AA 24 Feb 2026
INE121A08QA7 Perpetual debt 9.87% Yearly 1 Sep 2026 31 Dec 2099 ₹1,00,00,000 2,000 Unsecured None recorded BSE ICRA AA 8 Oct 2025
INE121A08OJ3 Perpetual debt 10.83% Yearly 29 Mar 2019 31 Dec 2099 ₹5,00,000 100 Unsecured None recorded — India Ratings AA 24 Feb 2026
Notes on this table
  • Outstanding means the maturity date has not passed, according to the depository record. It does not confirm that a bond has not been redeemed early, called or bought back.
  • Type, coupon, interest frequency, allotment date, issue size, security and guarantee are as recorded by NSDL India Bond Info, the depository's record of each ISIN. Search an ISIN on NSDL India Bond Info to see its full record.
  • Cumulative bonds pay no periodic coupon; the contractual return is payable at maturity. The amount shown is that return per unit of face value, and the yearly rate is worked out from it and the allotment and maturity dates.
  • "Secured" and "Guarantee" are NSDL's classification. What the security is, the asset cover and the terms of any guarantee or co-obligor are in the offer document and the debenture trust deed; this page does not infer them.
  • Prices and yields are not shown. They change with every trade: see BSE and NSE.
  • Terms used in this table: ISIN · Coupon rate · Yield to maturity (YTM) · Secured NCD · Unsecured NCD · Cumulative NCD · Floating rate bond · Credit rating.

Public NCD issues

IssuerOpenedCouponTenorRatingIssue size
Cholamandalam Investment and Finance Company19 Jan 2024————

Cholamandalam Investment and Finance Company credit rating

Latest rating by agency on the outstanding bonds (NSDL India Bond Info)
Agency Rating Outlook Latest action Action date Bonds Status
ICRA AA+ Positive Reaffirm 2 Sep 2026 45 Verified by NSDL · Checked 7 Nov 2026
CARE AA+ Stable Reaffirm 27 Aug 2026 7 Checked 7 Nov 2026
India Ratings AA+ Stable Reaffirm 24 Feb 2026 30 Verified by NSDL · Checked 7 Nov 2026
Rating history
Date Agency Rating Outlook Action
2 Sep 2026 ICRA AA+ Positive Reaffirm
2 Sep 2026 ICRA AA Positive Reaffirm
27 Aug 2026 CARE AA+ Stable Reaffirm
27 Aug 2026 CARE AA Stable New
7 Apr 2026 CARE AA+ Stable Reaffirm
2 Mar 2026 ICRA AA+ Positive Reaffirm
2 Mar 2026 ICRA AA Positive Reaffirm
24 Feb 2026 India Ratings AA+ Stable Reaffirm
24 Feb 2026 India Ratings AA Stable Reaffirm
20 Feb 2026 CARE AA+ Stable Reaffirm
28 Nov 2025 ICRA AA+ Positive Reaffirm
28 Nov 2025 ICRA AA Positive Reaffirm
21 Nov 2025 CARE AA+ Stable Reaffirm
8 Oct 2025 ICRA AA+ Positive Reaffirm
8 Oct 2025 ICRA AA Positive Reaffirm

Rating actions on the issuer's bonds as recorded by NSDL, newest first. Earlier lines are history, not the current rating.

A credit rating is the agency's opinion and can change at any time. Check the agency's website for the latest action: ICRA, CARE, India Ratings

Private placements and disclosure documents

Allotted ISIN Redemption Disclosure documents
4 Oct 2024 INE121A07SI8 4 Oct 2029 Placement memorandum on BSE
15 Jul 2024 INE121A08PO0 9 Apr 2031 Placement memorandum on BSE
30 Jul 2021 INE121A07QB7 30 Jul 2024 Placement memorandum on BSE
30 Jun 2021 INE121A08OO3 1 Jul 2031 Placement memorandum on BSE
25 May 2021 INE121A08ON5 26 May 2031 Placement memorandum on BSE
8 Mar 2021 INE121A08OM7 10 Mar 2099 Placement memorandum on BSE
3 Nov 2020 INE121A08OL9 4 Nov 2030 Placement memorandum on BSE
14 Dec 2019 INE121A08OK1 31 Dec 2099 Placement memorandum on BSE
29 Mar 2019 INE121A08OJ3 31 Dec 2099 Placement memorandum on BSE
12 Feb 2019 INE121A08OI5 12 Feb 2099 Placement memorandum on BSE
27 Oct 2017 INE121A07NZ3 6 Oct 2020 Placement memorandum on BSE

From BSE's list of privately placed debt. The documents are the issuer's own; the offer document and debenture trust deed are the authoritative source for each bond's terms.

Cholamandalam Investment and Finance Company bonds: questions and answers

What bonds has Cholamandalam Investment and Finance Company Limited issued?

Cholamandalam Investment and Finance Company Limited has 45 outstanding bonds recorded on this page. By type, as described by NSDL: 36 NCDs, 9 perpetual debt. 2 further ISINs on record have passed their maturity dates and are not counted as outstanding.

What are the ISINs of Cholamandalam Investment and Finance Company Limited bonds?

Its 45 outstanding bonds each have their own ISIN, for example INE121A07RK6, INE121A07RO8, INE121A07RS9. All are listed in the bond table on this page. ISINs of this issuer begin with its issuer code, INE121A.

What coupon rates do Cholamandalam Investment and Finance Company Limited bonds pay?

Stated coupons on its fixed-rate outstanding bonds range from 7.36% to 10.88% a year on face value. 6 cumulative bonds pay no periodic coupon; their contractual return is payable at maturity. One bond has a floating or market-linked coupon. The bond table gives the coupon and interest frequency of each ISIN. The coupon is not the yield: the yield an investor earns depends on the price paid.

When do Cholamandalam Investment and Finance Company Limited bonds mature?

Its outstanding bonds have maturity dates from 7 Dec 2026 to 31 Dec 2099. The bond table lists the maturity date of each ISIN.

What is the latest credit rating of Cholamandalam Investment and Finance Company Limited bonds?

NSDL India Bond Info records ICRA AA+ (Positive) (action dated 2 Sep 2026); CARE AA+ (Stable) (action dated 27 Aug 2026); India Ratings AA+ (Stable) (action dated 24 Feb 2026) on its outstanding bonds. Checked on NSDL on 7 Nov 2026. A rating is the agency's opinion and can change at any time.

Are Cholamandalam Investment and Finance Company Limited bonds secured, unsecured or guaranteed?

NSDL records 27 of the 45 outstanding bonds whose terms it holds as secured and 18 as unsecured. None is recorded as guaranteed. What the security is, the asset cover and the terms of any guarantee or co-obligor are set out in the offer document and the debenture trust deed; this page does not infer them.

Is Cholamandalam Investment and Finance Company Limited the same company as Cholamandalam Dbs Finance Limited?

Yes. Cholamandalam Investment and Finance Company Limited was formerly known as Cholamandalam Dbs Finance Limited; bonds issued under the earlier name are obligations of the same company. Its Corporate Identification Number (CIN) is L65993TN1978PLC007576.

Where can investors find the original disclosure documents for Cholamandalam Investment and Finance Company Limited bonds?

Each ISIN's record, including its terms and rating history, is on NSDL India Bond Info (search the ISIN). The offer document (shelf prospectus, tranche prospectus or general information document and key information document) and the debenture trust deed set out the full terms; listed issuers publish them on BSE or NSE. For the private placements listed on this page, each row links to the disclosure documents on BSE.

How can investors check the current market price or yield of Cholamandalam Investment and Finance Company Limited bonds?

This page does not show prices or yields. Trades in these bonds are reported on BSE and NSE, which publish the price and yield of each trade, usually by the end of the trading day. Many corporate bonds trade rarely, so a recent price may not exist; an old trade is not a current price.

What is a cumulative bond?

A cumulative bond pays no periodic coupon. The contractual return builds up over its life and is payable with the face value at maturity, so this page shows the amount payable at maturity and the yearly rate it works out to, instead of a yearly coupon.

Sources and dates

Data as of 14 Nov 2026 (snapshot 20261114-2051). Facts on this page last changed on 13 Nov 2026. Rating dates above are the agencies' action dates, which can be much older than the data date. This page is for information only. It is not investment advice, a credit rating or a recommendation to buy, sell or hold any security. Facts are taken from the issuer's own documents and the sources linked on this page; check them with the source before investing.

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Bond Interpretation is an information resource on Indian corporate bond issuers, published by Newsinterpretation. It covers the companies behind corporate bonds and non-convertible debentures (NCDs): their outstanding bonds with ISIN-level terms, credit ratings as recorded by the depository, private placements and public NCD issues. It brings together depository (NSDL India Bond Info), exchange (BSE and NSE) and company records, and shows the source and date of each fact. The pages are compiled automatically from those records. Bond Interpretation publishes no credit ratings, opinions or recommendations to buy, sell or hold of its own.

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