Cholamandalam Investment and Finance Company Limited announced that Mr. Arun Alagappan has tendered his resignation as Managing Director of the Company as he wishes to move ahead to assume larger responsibilities within the Group and the Board has accordingly considered and accepted on same day (January 18, 2021). Mr. Arun Alagappan will be relieved from the services of the Company effective end of the day, 14 February 2021.