Cholamandalam Insurance raises Rs 75 cr to support growth
General insurance firm also said it aims to achieve around Rs 2,000 crore gross written premium in the current year
 "Cholamandalam Insurance raises Rs 75 cr to support growth")
Post-infusion from promoters, the capital base has increased to Rs 510.9 crore now, the company said in a statement.
The general insurance firm also said it aims to achieve around Rs 2,000 crore gross written premium in the current year.
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"We have grown our business by 20% last year. This additional capital infused in our business will be utilised for our business growth and expansion," its Managing Director S S Gopalarathnam said.
The company had reported a gross written premium of Rs 906 crore during the April-September period of this fiscal.
Chola MS General Insurance is a joint venture between Murugappa Group and Japan-based Mitsui Sumitomo Insurance Company.