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)
Cholamandalam MS General Insurance Company Ltd:
Cholamandalam MS General Insurance Company Ltd. is a Joint Venture between the $2.0 billion Murugappa Group, one of India’s largest family-promoted, professionally managed business groups enjoying leadership position in many of its several diversified businesses and Mitsui Sumitomo Insurance Group of Japan, one of the top ten General Insurance companies globally and Japans second largest Insurance Group.
Cholamandalam MS offers a rich range of comprehensive product solutions panning almost all non-life Insurance offerings ranging from Motor Insurance, Health, Home, Travel, to Accident, Property, Marine and Engineering.
The Organizations’ commitment to consumer orientation is seen right from Underwriting and product development, its product differentiation, high operational efficiency for policy issuances, to excellent customer redressal mechanisms for fair and quick Claims settlement. With its competencies and consumer focus, Cholamandalam MS is poised to become one of the large players in the Industry.
The company was incorporated as Cholamandalam General Insurance Company Limited on November 2, 2001 under the companies Act, 1956 and received its Certificate of Registration from the Insurance Regulatory and Development Authority on July 15, 2002 to transact general insurance business.
During the year 2003-2004 the company inducted Mitsui Sumitomo Insurance Company Limited, Japan as a strategic alliance partner with a 26% stake and the company’s name was consequently changed to Cholamandalam MS General Insurance Company Limited effective May 8, 2003.
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)
Cholamandalam MS General Insurance Company Ltd:
Cholamandalam MS General Insurance Company Ltd. is a Joint Venture between the $2.0 billion Murugappa Group, one of India’s largest family-promoted, professionally managed business groups enjoying leadership position in many of its several diversified businesses and Mitsui Sumitomo Insurance Group of Japan, one of the top ten General Insurance companies globally and Japans second largest Insurance Group.
Cholamandalam MS offers a rich range of comprehensive product solutions panning almost all non-life Insurance offerings ranging from Motor Insurance, Health, Home, Travel, to Accident, Property, Marine and Engineering.
The Organizations’ commitment to consumer orientation is seen right from Underwriting and product development, its product differentiation, high operational efficiency for policy issuances, to excellent customer redressal mechanisms for fair and quick Claims settlement. With its competencies and consumer focus, Cholamandalam MS is poised to become one of the large players in the Industry.
The company was incorporated as Cholamandalam General Insurance Company Limited on November 2, 2001 under the companies Act, 1956 and received its Certificate of Registration from the Insurance Regulatory and Development Authority on July 15, 2002 to transact general insurance business.
During the year 2003-2004 the company inducted Mitsui Sumitomo Insurance Company Limited, Japan as a strategic alliance partner with a 26% stake and the company’s name was consequently changed to Cholamandalam MS General Insurance Company Limited effective May 8, 2003.