The networth of the company which was Rs.435.9 crore in March 2013 has increased by Rs.75 crore through this infusion by its promoters.
The company also informed that it is releasing a multi-media communication campaign to promote its range of Health Insurance products.
S.S. Gopalarathnam, Managing Director, Chola MS said, "We've grown our business by 20pc last year. This additional capital infused in our business will be utilized for our business growth and expansion.
"We hope to achieve around Rs.2000 crore GWP for the current year. Chola MS has achieved a Gross Written Premium (GWP) of Rs. 906 crore during the April-September 2013."
--IBNS (Posted on 03-10-2013)