The company has set up 25 branches in Kerala and Tamil Nadu.
The firm plans to expand its portfolio from 25 to 66 branches in the current financial year and 100 more branches next financial year in Chennai, Kerala and other states, the company said in a statement.
In Chennai, the firm would open two more branches at Palavakkam and Jafferkhanpet as part of expansion plans.
"We are extremely happy to announce the launch of new branches in Chennai. ICL will further strengthen its presence in Chennai and aims to achieve its vision to become India's most preferred and trusted financial institution..," Irinjalakuda Credit and Leasing Company, MD and CEO, K G Anilkumar said.