Cholamandalam MS General Insurance Company Ltd
Cholamandalam MS General Insurance Company Ltd. is a Joint Venture between the USD 3.03 billion Murugappa Group, one of India’s leading business conglomerates and Mitsui Sumitomo Insurance Company Limited, which is part of the Mitsui Sumitomo InsuranceGroup of Japan, the largest General Insurance Company in Japan and 5th largest insurance group globally.
Chola MS offers a wide range of products that include Accident, Engineering, Health, Liability and Marine, Motor, Property, Travel and Rural insurance for individuals, SME’s and the corporate sector.
The company has achieved Rs. 785 crores Gross Written Premium (GWP) mark for 2009-10. Having posted a remarkable growth of 15% year-on-year, the company has been one of the fastest growing General Insurance companies for the previous many quarters. The company has a network of 108 branches across the country.
The company offer well-integrated operational capabilities to ensure the smooth performance of delivery like strong underwriting, tie-ups with global reinsurers, fast-track claims settlement and cash-free settlement for Health Insurance. With exposure to various industry sectors and services, Chola MS is fully equipped to provide world class customer service such as centralized policy issuance, renewal management through CRM Cell. A toll free helpline number accessible 24 X 7 X 365, and a completely interactive and user-friendly website which makes Chola MS accessible from anywhere in the world. Chola MS is also the first Private Insurance company in India to get the ISO 9001:2008 for the Motor Claims division.
This company is a subsidiary of TI, which holds 74% of the share capital; the balance 26% is held by Mitsui Sumitomo Insurance Company Limited, Japan.
For more information: www.cholainsurance.com
Cholamandalam Investment & Finance Company Ltd
Cholamandalam Investment & Finance Company Limited (CIFCL) was incorporated in 1978 as the financial services arm of the Murugappa Group. The Company that commenced business as an equipment financing company has now emerged as a comprehensive financial services solution provider that offers vehicle finance, business finance, home equity loans, stock broking and distribution of financial products to its customers. The Company operates from over 200 branches across India with an assets under management over Rs.9000 Crores. The subsidiaries of Cholamandalam include Cholamandalam Securities Limited (CSec) and Cholamandalam Distribution Limited (CDSL). CIFCL is a subsidiary of TII which holds 60.48% of CIFCL’s Share Capital.
For more information: www.cholamandalam.com
Sedis
Sedis is a leading manufacturer of Industrial and Engineering Class Chains in France and possesses a product range covering the requirements of a whole range of industries including the high growth infrastructure sector. The brand “Sedis” has strong brand equity and the client list includes names such as Lafarge, Charles De Gaulle airport, BAA Heathrow, Metronet, Cairo Metro, Kone, Otis, Schindler etc. Sedis has a presence in almost 100 countries through its vast distribution and sales network. It has two plants in France and a marketing company in the United Kingdom. Sedis possesses superior technology for manufacture of special and engineering class chains. This Group is a subsidiary of TI, which holds 77.13%
For more information: www.sedis.fr
