Cholamandalam MS Risk Services Limited is a 50:50 joint venture between USD $3.14 Billion Murugappa Group, India and Mitsui Sumitomo Insurance Group, Japan and has a technical collaboration with InterRisk, a group company of Mitsui Sumitomo Insurance Group.
Established in year 1994, Cholamandalam MS Risk Services is a Chennai based Risk Consulting Company offering comprehensive Risk management & Engineering solutions in field of Safety, Health and Environment. The company has pioneered many innovative and specialized services catering to the needs of Asian & European markets for last 15 years. The organization has successfully executed more than 2000 projects (Domestic/International) which not only helped its clients maintain compliance but also optimize their EHS performance and set new benchmarks.
Cholamandalam MS Risk Services, an ISO 9001:2008 company, is a certified “Environment Impact Assessment” Consultant organization by NABET EIA Accreditation committee, a constituent of Quality Council of India. The organization was also declared “Risk Manager of the Year” in Asian Insurance Industry Awards and is the only Indian company to be approved as Safety Consultants by Kuwait Oil Company under section 31s till date. The company has collaboration with Process Map Infotech for its World Class Compliance and Risk management EHS Software Solutions for Indian market. The organization has a pan India presence with office in Mumbai, New Delhi, Gurgaon, Ahmedabad and Pune besides corporate office in Chennai.
Headquartered in Chennai, the Rs. 15,907 crores (USD 3.14 billion) Murugappa Group is one of India’s leading business conglomerates. Market leaders in diverse areas of business including Engineering, Abrasives, Finance, General Insurance, Cycles, Sugar, Farm Inputs, Fertilizers, Plantations, Bio-products and Nutraceuticals, its 29 companies have manufacturing facilities spread across 13 states in India. The organization fosters an environment of professionalism and has a workforce of over 32,000 employees. The Group has forged strong joint venture alliances with leading international companies like DBS Bank, Mitsui Sumitomo, Foskor, Cargill and Groupe Chimique Tunisien has consolidated its status as one of the fastest growing diversified business houses in India
Mitsui Sumitomo Insurance Group is one of the largest insurance groups in the world & biggest in Asia. 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 36 countries across the globe. With A GWP of 10045 Million USD in 2002, MS is the second largest insurance group in Japan, in terms of net premium and is rated “AA” by Standard & Poor.
Mitsui Sumitomo Insurance has 350 sales bases, 250 claims handling offices and approximately 86,000 agents throughout Japan to form a sales network of the highest class in the industry. The company also offers global services with 63 sales bases in 36 countries and regions overseas.
Mitsui Sumitomo insurance is the largest general insurance company in Asia.