About the Company

“Cholamandalam Investment and Finance Company Limited (Chola), incorporated in 1978 as the
financial services arm of the Murugappa Group. Chola commenced business as an equipment
financing company and has today emerged as a comprehensive financial services provider offering
vehicle finance, home loans, home equity loans, SME loans, investment advisory services, stock
broking and a variety of other financial services to customers.”
“Chola operates from 885 branches across India with assets under management above INR 47,700
Crores. The subsidiaries of Chola are Cholamandalam Securities Limited
(CSEC) and Cholamandalam Home Finance Limited (CHFL).”
Vision: Enable Customers to Enter a Better Life.
Mission
Customer first: Switch from product focused to customer focused
Improving Efficiencies: Long term Customer focus requires profitability and sustainability
People Power: People are our Primary Asset. Happier people = Happier Customers

“The vision of Chola is to enable customers enter a better life. Chola has a growing clientele of
over 8 lakh happy customers across the nation. Ever since its inception and all through its growth,
the company has kept a clear sight of its values. The basic tenet of these values is a strict adherence
to ethics and a responsibility to all those who come within its corporate ambit - customers,
shareholders, employees and society.”
“The products they offer are”
1. “Vehicle Loans”
2. “Loans Against Property”
3. “SME Loans”
4. “Home Loans”
5. “Rural and Agri Loans”

Job Description
“The company has given a JD of the Management Trainee role in our Vehicle Finance business.
The Vehicle Finance Business is the Largest business of Cholamandalam Investment & Finance
Company Ltd., with Assets Under Management of more than Rs. 35,000 crores.”
“The Management Trainee (MT) position is responsible for working alongside the Area/Branch
Managers and accepting delegated responsibilities and duties with the goal of eventually becoming
an Area/Branch Manager. The management trainee program will be for a period of 1 year with
assignments in Sales, Credit and Collections domains. On successful completion of the
assignments, further deployment will be planned in the specified function.”
“The CTC that we will offering to fresher MBA candidate is Rs. 5,00,000/- p.a. during the
Management Trainee (MT) period.”
“Post successful completion of the MT period, the MT will be absorbed in MG2 Grade (Assistant
Manager) and the CTC will be relooked as per the Company policy.”
 “Recruitment Process”
“The Process took one day. In the process there were three rounds”
1. “Aptitude test”
2. “Group discussion”
3. “Personal Interview”

“Aptitude tests: In this test Aptitude Questions were asked from Quantitative Aptitude, Logical
Reasoning, Verbal Ability and Data Interpretation so that the interviewer know there their skills
to crack placements. It was an objective type.”
“Group discussion: This refers to a situation that where participants are allowed to share their
views to other participants on the topic given by the panel.”
“Personal Interview: In the face-to-face communication between the interviewer & interviewee,
where interviewer judge all verbal and nonverbal communication.”

“Experience Shared by the Interviewee”

“I have taken the interview Ms. Sakshi Singh. She got placed in Cholamandalam. She told me
that it is finance company which has a lot of growth as it is a startup, you can learn a lot from a
startup. These startup gives you different type of work so you can become versatile.”
“Since it is Management trainee profile, we can learn a lot from our seniors and after one year we
will be promoted to MG2 Grade (Assistant Manager). It is a great opportunity for us which will
help us in future. In Management Trainee they have to play three roles”
1. Sales
2. Credit
3. Collection
“For now, we have work in every profile, since it was not mentioned what kind of project we will
get. Being a Marketing student, every profile is important for me as they are interrelated. She
believes as learner, this company will guide her a lot for his future, that’s why he chose this
company. After one year, on the basis of their work/performance they will be given profile i.e
sales, credit or collection.”
“She told me that around 60 students from Jaipuria Institute of Management from all the four
campuses that is Noida, Jaipur, Indore, Lucknow applied for the company. The students from other
campuses to Noida for there process. The first round for selection was the aptitude test in which
from Noida campus there were around 30 students. In the test there were more quantitative
questions. The aptitude test was easy as most of the students were shortlisted.”
“After the aptitude test, Group discussion take place where there were six groups of ten people
each. The topic given were based on current topics i.e related to economics, latest happening in
the market. After group discussion twenty-five students were selected who went to interview. She
also told me that she was able to put his point easily as the group discussion was not that much
aggressive as his previous ones.”
“After Group discussion, she went for interview process. It was ten to fifteen minutes interview in
which both HR and technical question were asked. She found the interview smooth as she was
able to answer all of it. There were four panel members two of them were HR and other two was
credit and sales zonal head. One of the HR was keen observer, he was rarely asking question. Most
of the question were asked by zonal heads. The first question asked was to “tell me about yourself”.
After she took interview towards to Summer Internship Project like what are mutual funds, how is
she going to sell it, before selling a mutual fund to customer what to inquire about the customer.
Since she was fully prepared, she was able all the internship related question. They also asked her
about strength and weakness and location preference if any. Still she has not got any location, but
waiting for it. The trickiest question in whole interview she found out was the “how passionate she
was about the work?”. She was not able to find what was there main agenda as which skill they
were checking.”
“When the result announced she was among the seven candidates who got selected. After listening
to the news, she first of all called up her parents and received there blessing. As this was my day,
so everyone congratulated her.”

“Conclusion”
“It was great experience for us to know about the company and recruitment process. We got a real
insight how the pressure of placement was handled by our seniors. She also gave me an advice “to
be yourself” in the interview as you cannot fake it. As they are the experts can judge you easily.”