Cholamandalam Investment and Finance Company Limited (Chola Finance) is a branch of the Murugappa Group–owned non-banking financial company providing a broad range of retail and business loans. The Markapuram branch extends Chola’s pan-India financial network into Prakasam district, supporting customers with accessible credit solutions for vehicles, homes, and enterprises.

Services

The Markapuram outlet offers loans for commercial and private vehicles, two-wheelers, tractors, construction equipment, homes, and personal use. It also provides financing products such as loans against property, securities, and business assets. All services feature quick approvals, flexible repayment terms, and digital payment options (cash, UPI, NEFT/RTGS).

Location and Reach

Located at 7/308H, Vijaya Theatre Road, above Andhra Pragathi Gramina Bank, Ganesh Nagar, Markapur, Andhra Pradesh 523316, the branch serves nearby rural and semi-urban communities in the Prakasam region. It operates Monday through Saturday, 9:30 a.m.–6:00 p.m., and is part of Chola’s national network of more than 1,700 branches across 32 states and union territories.

Parent Company

Founded in 1978 and headquartered in Chennai, Cholamandalam Investment and Finance Company Limited forms part of the Murugappa Group—one of India’s oldest diversified conglomerates. The company manages assets exceeding ₹2 lakh crore and serves over 44 lakh customers nationwide, reflecting its prominence in India’s non-banking finance sector.

Significance

Through its Markapuram branch, Chola Finance plays a key role in expanding formal credit access in southern Andhra Pradesh. It supports small business owners, farmers, and individual borrowers with structured, transparent financial products that contribute to local economic growth and livelihood enhancement.