The Murugappa Group

The Murugappa Group, a century old group with a turnover of Rs.7300 crores, is a 1.85 billion USD conglomerate with business interests. It has 29 companies under its umbrella of which eight are listed and actively traded as the National Stock Exchange and the Bombay Stock Exchange.


The Murugappa Group is the recipient of the Distinguished Family Business Award – 2001 from the International Institute of Management Development (IIMD) in Switzerland. It is the only business group in Asia to have received this prestigious award.


The Murugappa Group, a century old group with a turnover of Rs.7300 crores.


• Diversified businesses – abrasives, engineering, farm inputs, plantations, sugar, bio-products, chemicals, nutraceuticals and financial services.

• Industry leader in many fields – first Indian corporate house that evolved from being a family-owned business to a professionally run organization, committed to corporate governance.

• Key Strengths – highly people-oriented people, with a workforce of nearly 28,000 satisfied employees.

• Deeply committed to various social concerns – be it healthcare, education or field research to help rural India.

Mitsui Sumitomo Insurance Group

Mitsui Sumitomo Insurance Group is one of the largest insurance groups in the world. Today the group operates in non-life insurance, life insurance, financial services and risk management services.

With non-life insurance as its core business, the Mitsui Sumitomo Insurance Groups operations span 38 countries across the globe. With A GWP of 13.74 billion USD in 2005, MS is the second largest insurance group in Japan, in terms of net premium and is rated AA - Standard & Poor and Aa3 by Moody's.

Mitsui Sumitomo Insurance has 733 sales bases, 257 claims handling offices and approximately 75,000 agents throughout Japan to form a sales network of the highest class in the industry. The company also offers global services with 61 sales bases in 38 countries and regions overseas.


Cholamandalam Financial Services Group

Chola DBS Finance Company LTd. is a financial service conglomerate that has achieved a high compound annual growth rate. Cholamandalam today has a strong presence in the financial service sector, with a solid reputation in automobile financing. With a strong focus on growth, Cholamandalam has widened its services by diversifying into mutual funds, insurance sector and recently into personal finance.

The Business Units

The business units within Cholamandalam are:

• Cholamandalam MS General Insurance Company Ltd.
(General Insurance)
• Chola DBS Finance Company LTd (CDFL)
(Asset Finance: Leasing, Hire Purchase, Corporate Finance, Capital Market Finance)
• DBS Cholamandalam Asset Management Co. Ltd. (CAMC) (Mutual Funds)
• DBS Cholamandalam Distribution Services Ltd. (CDS)
(Retail Distribution of Financial Products)
• DBS Cholamandalam Securities Ltd. (CSec)
(Stock Broking)
• Cholamandalam MS Risk Management Services Ltd. (CMSRS)
(Risk Inspection and Management Consulting)

Chola-MS

Cholamandalam MS General Insurance Company Limited (Chola-MS) is a joint venture of the Murugappa Group & Mitsui Sumitomo.


Chola-MS commenced operations in October 2002 and has a pan-Indian presence with offices in Chennai, Hyderabad, Bangalore, Kochi, Coimbatore, Mumbai, Pune, Indore, Ahmedabad, Delhi, Chandigarh, Kolkata, Vizag, Lucknow, Baroda, Hubli and Goa.


Chola-MS offers a strong and rich portfolio of insurance products and services for the Indian customer for both retail and commercial segments. The wide range of products includes Accident and Health, Marine, Casualty lines, Property and Engineering besides Motor, Travel & Rural segments As part of its “customized risk solutions” approach, Chola-MS offers risk advisory services to provide a holistic view of the risk management framework for the customer.


Mitsui Sumitomo (MS) is the second largest Insurance group in Japan, with a Gross Written Premium (GWP) of 13.74 billion USD in 2005. The Company has 733 sales bases, 257 claims handling offices and about 86,000 agents throughout Japan. MS also offers its services globally with 61 sales bases in 38 countries and regions overseas.


Cholamandalam is part of the Rs.7300 crore Murugappa Group, a pioneer and market leader in several fields with manufacturing facilities across 12 states. The Murugappa Group has a strong presence in abrasives, engineering, bio-products, sanitary ware, confectionery, sugar, farm inputs, plantations and nutraceuticals. Companies in the group include Carborundum Universal, EID Parry, Tube Investments of India and Coromandel Fertilizers.


Our Address

Cholamandalam MS General Insurance Company
Dare House', II floor, No.234, New No.2,
NSC Bose Road,
Chennai - 600 001.
India.

**Details taken from respective Company's Website