Ad Here  
Adding Zest to Scooty Striking cords for 25 years… Dynamic e-commerce scenario Flexible labour laws… Nothing to hide... Brand leaders come forward... Time to fast-pace the logistics sector Airlines wage price war STFC raises money Chennai will soon get its World Trade Centre Connecting the unconnected ALL – truck industry is recovering from degrowth People Flow Day- Safety Scoot offers just Rs.13,500 to ANZ... Downsizing spree... Business Breif Creating Tamil Nadu Banana brand Celebrating 180 years of relevance Innovation that helped Chennai port Well-refined – RIL’s refinery margins zoom Secured NCDs from Shriram City AirAsia India infuses funds to fight out competition Chennai to get a roundabout Metro Steel loses its sheen Backpack laboratory Business Briefs Three more leather clusters… Need to focus on ease of doing business... Chola MS launches motor app ECGC expands operations Four daughters and a proud father Auto test tracks launched at GARC Oragadam campus Sun Edison launches solar pumps Focus on self-certification and third party inspection TN budget pragmatic and moderate on fiscal deficit SumInfra- corridor based development... An American alliance in the chemical industry? Celebration time at MS Chola Digital retail transactions stabilise at higher level… IFCI to raise NCDs upto Rs 2000 crore Realty sector takes a break... Housing Innovation Challenge, 2015 - ISRO's 100th mission An aerospace-defence cluster in Tamil Nadu… Blue Star plans a new plant in south TII’s single largest investment at Thiruthani The new look- 4s Verna Murugappa- a year of consolidation Automotive Vision Plan II... Illicit markets a concern to growing economy TVS Logistics – another acquisition to sharpen the business model Make way for the new and dynamic railways Research needs more funding Industry-well poised to invest on expansion Gem of social service... LVB gears to become a financial supermarket Climate change may change the way businesses work... TII-challenging year with flat growth More gensets and diesel engines from TAFE TOP 10 CEO Compensation Smart controls for cooling large multi-zone spaces ... Big-ticket investments march towards Punjab Investor friendly Japan BRICS development bank Tata Steel commence operations at Kalinganagar Hero Motocorp - smooth ride Economic issues take a back seat at G20 summit Nigeria comes nearer Apple maps – finding its way On the ‘milky’ way CUB: towards card-less withdrawal A global plastic event in India Hyundai excites again Economic, business and social sustainability European crisis is a global crisis! Pharma market dozes Placing the right shoe forward... Chennai Port is at last decongested! Curbing steel imports will hurt small business... Bridging the skill deficit in pharma industry Holiday Inn opens in OMR Chennai Reality bytes Schwing Stetter India joins hands with US-based Gomaco Indian Bank – global businesses crosses Rs 3 lakh crore... WABCO’s second Chennai plant TiE applauds innovative entrepreneurs World labour laws at a glance ALL to launch electric busses Indigo stays leader with 40 per cent share Waste, a gold mine ALL-two launches in a row Changing dynamics in human resource management TCS’ revenues cross Rs 100,000 crore Inclusive and forward moving... Strategy war escalates between Hero and Honda Chola MS net crosses 100 crores OBO Bettermann for better lightning protection Rating of states to be released soon Realising double digit growth in Tamil Nadu Veritas Finance- financing the unfinanced Applauding enterprise... Is Indian telecom industry heading for a monopoly? Durga - India’s largest blast furnace; now operational Ridley marathon to India Techies trip to India Purdue and IIT-M sign the dotted line When Centre visits the state Carrefour’s quick exit Towards peace of mind
Chola MS net crosses 100 crores

The 2013-14 fiscal has turned out to be a great year for the Cholamandalam MS General Insurance Company. This JV between business conglomerate Murugappa group and Japan’s largest insurance group, Mitsui Sumitomo, has achieved a gross written premium (GWP) of Rs. 1855 crore. The profit after tax (PAT) surged to Rs.70 crore this fiscal, from Rs.60 crore last year.  The combined operating ratio during the FY 2013-14 before absorption of motor and declined pool losses was 101.3 per cent. The solvency margin for this year stood at 1.61 (1.42).

Managing Director S S Gopalrathnam reckoned that the company’s strategy of identifying the niche markets and nurturing them had paved the way for the company’s handsome growth. He said the company targets Rs.2500 crore GWP, PBT of Rs.225 crore and PAT of Rs.180 crore.  The company has added 4500 people in the retail side of the business and expects to add another 9000 next year.

    Cholamandalam MS has grown at a pace of 14.5 per cent, much faster than the industry average of 12.5 per cent. This year the company’s health and commercial sector grew at 11 per cent and the company wants this to increase to 20 per cent. The company plans to achieve this target within five years. The company has settled claims of around Rs 100 crore(mostly cars) for the Uttarakhand floods.


Author :
Reported On :
Sector :
Shoulder :
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
S-15, Industrial Estate,
Chennai - 600 032.
PHONE: +91 44 22501236