The Board of Directors of Cholamandalam Investment and Finance Company Limited at their meeting held on March 21, 2023 appointed Mr. Ajay Bhatia residing at A-603, Seawood, House of Hiranandani, Egattur, Chennai - 603103 as the Chief Risk Officer of the Company for a period of 3 years effective April 1, 2023 in place of Mr. Shankar Subramanian who completes his term as Chief Risk Officer at the close of business hours on March 31, 2023. Mr. Ajay Bhatia 's educational qualification includes a bachelor in Commerce and a bachelor in Law with over 28 years of experience in varied fields like credit risk management, underwriting, portfolio analysis, audit and regulatory compliance and product development. He has been with the Company for the last 20 years and as head credit and compliance for the last 10 years.