About Chola MS GIC
Chola MS GIC is a company based in Chennai (India) founded in 1900.. The company has 64,900 employees as of March 31, 2024. Chola MS GIC offers products and services including Car Insurance, Two Wheeler Insurance, Health Insurance, Travel Insurance, and Home Insurance. Chola MS GIC operates in a competitive market with competitors including Intact Ventures, Bharti AXA GI, Manomay, New India Assurance and Skylife Event Insurance, among others.
- Headquarter Chennai, India
- Employees 64900 as on 31 Mar, 2024
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
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Social
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- Legal Name Cholamandalam Investment And Finance Co. Ltd.
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Annual Revenue
$3.02 B (USD)34.82as on Mar 31, 2024
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Net Profit
$498.01 M (USD)24.64as on Mar 31, 2024
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EBITDA
$2.46 B (USD)36.61as on Mar 31, 2024
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Latest Funding Round
$15.41 M (USD), Debt – Conventional
May 31, 2017
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Investors
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Employee Count
64900
as on Mar 31, 2024
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IPO & Listings of Chola MS GIC
Chola MS GIC is a publicly listed company on the NSE with ticker symbol CHOLAFIN in India, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Chola MS GIC
Chola MS GIC offers a comprehensive portfolio of products and services, including Car Insurance, Two Wheeler Insurance, Health Insurance, Travel Insurance, and Home Insurance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Coverage for cars against accidents, damages, and third-party liabilities.
Protection for bikes and scooters from repair costs and accidents.
Plans for hospitalization, medical expenses, and family health coverage.
Insurance for trips covering emergencies and trip cancellations.
Protection for homes against damages, theft, and natural disasters.
Funding Insights of Chola MS GIC
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $15.4M
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First Round
First Round
(31 May 2017)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2017 | Amount | Debt – Conventional - Chola MS GIC | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Chola MS GIC
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Chola MS GIC
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Chola Ms Gic Comparisons
Competitors of Chola MS GIC
Chola MS GIC operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Intact Ventures, Bharti AXA GI, Manomay, New India Assurance and Skylife Event Insurance, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of property & casualty insurances
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| domain | founded_year | HQ Location |
General Insurance
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| domain | founded_year | HQ Location |
Offers tech consulting, InsurTech solutions, and data services for insurance.
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| domain | founded_year | HQ Location |
General insurance services are provided by New India Assurance.
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| domain | founded_year | HQ Location |
Provides insurance coverage for various events like weddings and corporate functions.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Chola Ms Gic
Frequently Asked Questions about Chola MS GIC
When was Chola MS GIC founded?
Chola MS GIC was founded in 1900 and raised its 1st funding round 117 years after it was founded.
Where is Chola MS GIC located?
Chola MS GIC is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
How many employees does Chola MS GIC have?
As of Mar 31, 2024, the latest employee count at Chola MS GIC is 64,900.
What is the annual revenue of Chola MS GIC?
Annual revenue of Chola MS GIC is $3.02B as on Mar 31, 2024.
What does Chola MS GIC do?
Cholamandalam MS General Insurance is a joint venture betweentwo groups - Indias Murugappa Group and Japans Mitsui Sumitomo.The company has 105 branches and 9000 agents spread all over the country. They offer a wide range of insurance polices across all general insurance segments - health, car, travel, home and personal accident. For corporates, it offers policies on health, fire, engineering, property, marine and liability. Sumitomo increased its stake to 40 after purchasing 14 stake from Tube Investments of India Ltd.
Who are the top competitors of Chola MS GIC?
Chola MS GIC's top competitors include Intact Ventures, Bharti AXA GI and New India Assurance.
What products or services does Chola MS GIC offer?
Chola MS GIC offers Car Insurance, Two Wheeler Insurance, Health Insurance, Travel Insurance, and Home Insurance.
Is Chola MS GIC publicly traded?
Yes, Chola MS GIC is publicly traded on NSE under the ticker symbol CHOLAFIN.
What is Chola MS GIC's ticker symbol?
The ticker symbol of Chola MS GIC is CHOLAFIN on NSE.