Cholamandalam MS General Insurance Company Ltd. (Chola MS) is a 74:26 joint venture between the Murugappa Group and Mitsui Sumitomo Insurance Group of Japan (MSIG). It is one of the leading players in the insurance sector in India. It has a standing of six years and has positioned itself to face the growing challenges and opportunities of the Indo-Asian general insurance market by tapping 72% of the retail business, covering motor insurance, household, small trade and health insurance. In April 2009, the promoters infused Rs. 75 cr, increasing the paid-up capital to Rs. 217 cr to support its growth in the motor and health segments.

Headquartered in Chennai, the Rs. 15,646 cr ($3.15 bn) company is one of India's leading business conglomerates. It is a market leader in diverse areas of business which includes engineering, abrasives, finance, general insurance, cycles, sugar, farm inputs, fertilizers, plantations, bio-products and nutraceuticals. It has 29 companies, which have manufacturing facilities spread across 13 states in India. The major group companies are Tube Investments of India Ltd., EID Parry India Ltd., Carborundum Universal Ltd., Coromandel Fertilisers Limited, Godavari Fertilisers and Chemicals Limited, Cholamandalam DBS Finance Limited, and Parry Agro Industries Ltd. The Murugappa Group fosters an environment of professionalism and has a workforce of over 32,000. The Group has forayed into strong joint ventures with leading international companies like DBS Bank, Mitsui Sumitomo, Foskor, Cargill and Groupe Chimique Tunisien, which has consolidated its status as one of the fastest growing diversified business houses in India.

The Group has its origins in 1900. It initiated its business with a sandpaper plant, later foraying into making steel safes and then into manufacturing. It is one of the country's biggest industrial houses. In the year 2007-08, it had a turnover of $2.4 bn (Rs. 9,852 cr) and the Group aims to achieve its vision of becoming a $4 bn conglomerate by 2010. The Murugappa Group is on the threshold of the global business scene backed by 100 years of experience in diverse fields, sound traditional values and high ethical standards. The Group has gained valuable insights from MSIG's proven track record in the Property & Casualty business by tapping the Japanese and Korean clientele, including leading players like Toyota, Honda, Sony and Panasonic.

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