M. R. Kumar Appointed as Independent Director of Cholamandalam Investment and Finance

The Board of Directors of Cholamandalam has approved the appointment of M. R. Kumar as an Additional Director in the capacity of an Independent Director for five years, with effect from May 1, 2024.

The Board of the company has also recommended the reappointment of Bhama Krishnamurthy as an Independent Director for five years, starting July 31, 2024.

M. R. Kumar was the Chairman of LIC during the period 2019–2023 and was also the Non‐Executive Chairman of LIC Housing Finance, LIC Pension Fund, LIC Mutual Fund AMC, LIC Cards Services, IDBI Bank, LIC Singapore, LIC Lanka, LIC (International) BSC, Bahrain, and LIC Nepal. Currently, he is the Non-Executive Chairman of the Bank of India and Aurobindo Pharma and a Nominee Director on the Board of Ambuja Cements. He is a science graduate from Madras University.