Cholamandalam MS Risk Services Receives ‘EIA Consultancy Certification’


Chennai, December 10th 2009: Cholamandalam MS Risk Services Ltd (CMSRSL), a joint venture between (USD 3.14 billion) Murugappa Group and Mitsui Sumitomo Insurance Group of Japan, today announced that the company has been certified as an ‘EIA (Environment Impact Assessment) Consultant Organization’. The certification was accredited by the NABET EIA Accreditation Committee, a constituent of Quality Council of India (QCI).

Chola MS Risk Services has achieved this distinction after a careful scrutiny of its capabilities viz. resources, software and its cutting edge methodology. With this certification, Chola MS Risk would become one of the top 10 accredited consultant organizations in India.

Commenting on the occasion, Mr. N V Subba Rao, Vice President and Head – Risk Services, “This certification is a significant milestone in our quest to offer risk services at par with the international standards. This is a testimony of the quality of more than 40 Environment Related studies done by us so far and will also form the basis of our business growth in future.”

The accreditation has been awarded for three broad sectors namely Thermal Power Plants, Industry (Chemicals, Paints, Cement, Sugar, Pulp & Paper, Fertilizers, Textile, Refineries and Petrochemicals) and Infrastructure (Oil & Gas, Ports, & Harbours, Airports, SEZ, Townships, IT Parks, Commercial Complexes, Hospitals).

NABET is the first organization in the world offering accreditation of consultant and consultant organizations in various conformity assessment areas, Hospital accreditation e.t.c. Its Environment Impact Assessment (EIA) consultant accreditation is the first of its kind in the world.

About Cholamandalam MS Risk Services

Cholamandalam MS Risk Services (Chola MS Risk) is a Chennai headquartered Risk Management Consulting Company offering comprehensive Risk management & Engineering solutions in field of Safety, Health & Environment. The company (a joint venture between US $3.14 Billion Murugappa Group, India and Mitsui Sumitomo Insurance Group, Japan) also has technical collaboration with InterRisk, Japan. The firm has pioneered many innovative and specialized services catering to the needs of Asian & European markets for last 15 years. Chola MS Risk has successfully executed more than 2000 projects (Domestic/International) which not only helped organizations maintain compliance but also optimize their EHS performance and set new benchmarks. The organization is an ISO 9001:2008 certified and was also winner “Risk Manager of the Year” in Asian Insurance Industry Awards. Till date Chola MS Risk is the only Indian company to be approved as Safety Consultants by Kuwait Oil Company under section 31s.

About Quality Council of India

Quality Council of India (QCI), the national accreditation body, was established as an autonomous non-profit organization jointly by the Government of India and the Indian Industry represented by the three premier industry associations, Associated Chamber of Commerce and Industry of India (ASSOCHAM), Confederation of Indian Industry (CII) and Federation of Indian Chambers of Commerce and Industry (FICCI). NABET is the first organization in the world to offer accreditation of consultant and consultant organizations in various conformity assessment areas, Hospital Accreditation etc. Its Environment Impact Assessment (EIA) Consultant accreditation is the first of its kind in the world. The accreditation under this scheme is based on the resources available with the organization including technical expertise of consultant, resource persons, their educational background as well as experience and expertise. The objective of this scheme is to meaningfully contribute towards improving the quality of EIAs.

About the Murugappa Group

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.

About Mitsui Sumitomo Insurance Group (MSIG)

Mitsui Sumitomo is the second largest Insurance Group in Japan, with a Net Written Premium (NWP) of 12.39 billion USD in 2008. The Company has 729 sales bases, 257 claims handling offices and about 59000 agents throughout Japan. MS also offers its services globally with 63 sales bases in 38 countries and regions overseas. Mitsui Sumitomo Insurance Co. Ltd. was awarded the “General Insurance Company of the Year” Award in 2005 at the 9th Asia Insurance Industry Award ceremony held in Singapore. This has been awarded to MSI for being the most active non-life insurance company and for reaching the top of the foreign non-life insurers in the region.

For more details on this release, contact:

Neeraj Moorjani
Associate Vice President
Marketing and Corporate Communications
Cholamandalam MS General Insurance Company
Tel: 044 43995425
Cell: +91 9382809420

Anu Lakshman,
Associate Vice President
Tel: 044 28515294

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