Arun Alagappan resigns as MD from Cholamandalam, to assume larger role soon

In a major development, Arun Alagappan on Monday tendered his resignation as the Managing Director and as a director from the Cholamandalam Investment and Finance Company. He wishes to move ahead to assume larger responsibilities within the Group. The Board has considered it and accepted the same today. Alagappan will be relieved from the services of the Company effective at the end of the day, February 14, 2021.