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