Ad Here  
January
February
March
April
May
June
 
 
Chola MS launches motor app Investor friendly Japan Airlines wage price war Chennai to get a roundabout Metro TVS Logistics – another acquisition to sharpen the business model Reality bytes Make way for the new and dynamic railways Chennai Port is at last decongested! IFCI to raise NCDs upto Rs 2000 crore People Flow Day- Safety ECGC expands operations Scoot offers just Rs.13,500 to ANZ... LVB gears to become a financial supermarket More gensets and diesel engines from TAFE Industry-well poised to invest on expansion Is Indian telecom industry heading for a monopoly? An American alliance in the chemical industry? Towards peace of mind Digital retail transactions stabilise at higher level… AirAsia India infuses funds to fight out competition Need to focus on ease of doing business... Hero Motocorp - smooth ride Techies trip to India ALL to launch electric busses Blue Star plans a new plant in south Ridley marathon to India Realty sector takes a break... Holiday Inn opens in OMR Chennai TiE applauds innovative entrepreneurs Economic issues take a back seat at G20 summit Strategy war escalates between Hero and Honda ISRO's 100th mission Connecting the unconnected Secured NCDs from Shriram City Business Briefs Business Breif CUB: towards card-less withdrawal Automotive Vision Plan II... Time to fast-pace the logistics sector Illicit markets a concern to growing economy Waste, a gold mine TN budget pragmatic and moderate on fiscal deficit Backpack laboratory Flexible labour laws… When Centre visits the state European crisis is a global crisis! Striking cords for 25 years… Research needs more funding Sun Edison launches solar pumps Adding Zest to Scooty Bridging the skill deficit in pharma industry Smart controls for cooling large multi-zone spaces ... Indigo stays leader with 40 per cent share Steel loses its sheen Gem of social service... ALL – truck industry is recovering from degrowth TII-challenging year with flat growth Durga - India’s largest blast furnace; now operational Three more leather clusters… Climate change may change the way businesses work... An aerospace-defence cluster in Tamil Nadu… A global plastic event in India On the ‘milky’ way Celebration time at MS Chola Focus on self-certification and third party inspection Placing the right shoe forward... Curbing steel imports will hurt small business... The new look- 4s Verna TII’s single largest investment at Thiruthani Pharma market dozes Four daughters and a proud father Schwing Stetter India joins hands with US-based Gomaco Chennai will soon get its World Trade Centre Rating of states to be released soon Innovation that helped Chennai port Indian Bank – global businesses crosses Rs 3 lakh crore... Downsizing spree... Hyundai excites again Auto test tracks launched at GARC Oragadam campus STFC raises money Chola MS net crosses 100 crores SumInfra- corridor based development... Well-refined – RIL’s refinery margins zoom Big-ticket investments march towards Punjab Celebrating 180 years of relevance BRICS development bank Economic, business and social sustainability Nigeria comes nearer Applauding enterprise... Dynamic e-commerce scenario World labour laws at a glance Apple maps – finding its way WABCO’s second Chennai plant Realising double digit growth in Tamil Nadu Housing Innovation Challenge, 2015 Brand leaders come forward... OBO Bettermann for better lightning protection Inclusive and forward moving... Nothing to hide... Tata Steel commence operations at Kalinganagar Veritas Finance- financing the unfinanced TCS’ revenues cross Rs 100,000 crore ALL-two launches in a row Purdue and IIT-M sign the dotted line - Creating Tamil Nadu Banana brand Changing dynamics in human resource management Murugappa- a year of consolidation Carrefour’s quick exit TOP 10 CEO Compensation
 
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.Replica Watches 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 :
RELATED NEWS
ABOUT IE
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
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com