A function \(f:{\mathbb {N}} \rightarrow {\mathbb {R}}\) is called a \(\chi \) -binding function for a hereditary family \({\mathscr {G}}\) of graphs, if \(\chi (G) \le f(\omega (G))\) for every \(G \in {\mathscr {G}}\) where \(\chi (G)\) and \(\omega (G)\) denote the chromatic number and clique number respectively. In his influential work, Gyaŕfaś (1987) showed that the family of ( \(2K_1 \cup K_2\) )-free graphs and the family of ( \(P_3 \cup K_1\) )-free graphs are \(\chi \) -bounded. Randerath and Schiermeyer (2004) improved the \(\chi \) -binding functions of both these classes to \(\left( {\begin{array}{c}x + 1\\ 2\end{array}}\right) \) . In this paper, we further improve the \(\chi \) -binding function of both these classes to \(\frac{x^2}{2}\) for \(x \ge 3\) . Furthermore, we obtain a tight chromatic bound for ( \(P_3 \cup K_1\) )-free graphs with clique number 4.