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Tuesday, June 03, 2008
Solid growth stems from a soild foundation
Publication: Dalal Street, Edition: National, Journalist: Bureau, Page No: 39, Location: Fullpage, Width(cms): 18, Height(cms): 23
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SOLID GROWTH STEMS FROM
A SOLID FOUNDATION.
Solid Growth
Cholamandalam DBS is a joint venture of two exemplary business groups that dwelve on the natural phenomenon to aim higher. Cholamandalam DBS has over time displayed a consistent growth pattern to emerge as one of the premier financial services providers in India. With over 280 branches across the country and a diverse product offering, Choiamandalam DBS has leapfrogged into the top 400 mid-cap companies in the country. The company offers Corporate Finance, Home Equity Loans, Loan Against Securities, Personal Loans, Security Broking, Two Wheeler Loans, Vehicle Finance and Wealth Management. The solidity is reflected in the fact that Cholamandalam DBS has an enviable track record of paying dividends for 27 years. The total assets under management is over Rs. 5000 crore. The company's subsidiaries include DBS Cholamandalam Asset Management Company, DBS Cholamandalam Distribution Limited and DBS Cholamandalam Securities Limited.
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Solid Foundation
Based in Chennai, the USD 2 billion (Rs.8500 crore) Murugappa Group is one of the India's leading conglomerates with 29 registered companies have manufacturing facilities spread across 14 states in India and has a workforce of over 30,000 employees. They are market leaders in diverse areas of business including engineering, abrasives, finance, general insurance, sanitaryware, cycles, sugar, farm inputs, fertilizers, plantations, bio-products and nutraceuticals. Headquartered in Singapore, DBS Group Holdings Ltd is the holding company of DBS Bank and is one of the largest companies in terms of market capitalisation. DBS Group and its subsidiaries form one of the largest banking groups in the region in terms of shareholders' funds and total assets, being approximately SGD18.7 billion (USD12.2 billion) and approximately SGD197.4 billion (USD 129 billion). DBS is also a leading bank in Hong Kong. Beyond the anchor markets of Singapore and Hong Kong, DBS serves corporate, institutional and retail customers through its operations in Thailand, Malaysia, Indonesia, India, China and The Philippines.
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