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July 29, 2015 10:26 PM ET

Insurance

Company Overview of Cholamandalam MS General Insurance Company Ltd.

Company Overview

Cholamandalam MS General Insurance Company Ltd. provides general insurance products. It offers car insurance, travel insurance, health insurance, accident insurance, and home insurance products for individuals; and customized insurance and risk consulting solutions, such as engineering insurance, liability insurance, marine insurance, property insurance, and miscellaneous insurance products for small and medium enterprises, and corporate clients. The company also offers critical illness insurance, tractor/commercial vehicle/motor/farm inputs insurance, micro insurance, combined/composite product insurance, weather/input based crop against act of god perils, and cattle insurance for rural cli...

Dare House

2nd Floor

No. 2 N.S.C. Bose Road

Chennai,  600 001

India

Founded in 2001

Phone:

91 44 4399 5400

Fax:

91 44 3044 5550

Key Executives for Cholamandalam MS General Insurance Company Ltd.

Managing Director and Director
Vice President of Operations
Age: 54
Chief Information Officer and Vice President
Executive Vice President of Claims
Age: 49
Executive Vice President of Underwriting
Compensation as of Fiscal Year 2015.

Cholamandalam MS General Insurance Company Ltd. Key Developments

Mitsui In Talks To Increase Stake In Cholamandalam MS

MS&AD Insurance Group Holdings, Inc. (TSE:8725) is in talks to increase its stake in Cholamandalam MS General Insurance Company Ltd. "Both partners are talking and are keen. But the price has to be right," said S S Gopalarathnam, Managing Director, Cholamandalam MS General Insurance. Mitsui Sumitomo currently holds 26% stake in Cholamandalam. The government has recently raised the FDI cap in insurance from 26% to 49%.

Cholamandalam MS General Insurance Company Ltd. Reports Earnings Results for the Third Quarter Ended December 31, 2014

Cholamandalam MS General Insurance Company Ltd. reported earnings results for the third quarter ended December 31, 2014. The company registered a growth of 206% in PAT. Gross written premium for the quarter was INR 4,050 million against INR 4,200 million a year ago. PAT was INR 390 million against INR 130 million a year ago.

Cholamandalam General Insurance Company Ltd. Reports Consolidated Earnings Results for the Third Quarter Ended December 31, 2013

Cholamandalam General Insurance Company Ltd. reported consolidated earnings results for the third quarter ended December 31, 2013. For the period, the company reported a growth of 8% in gross written premium. Gross written premium was INR 4,200 million against INR 3,890 million and the profit after tax was at INR 130 million as against INR 160 million compared with corresponding quarter in the previous year.

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