Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Stock Report

| More

Sundaram Finance Ltd appoints Rajiv Lochan as next Managing Director

Posted On: 2021-01-20 20:39:43 (Time Zone: Arizona, USA)


Chennai headquartered Non Banking Finance Company Sundaram Finance Ltd., at its board meeting held today announced changes to its management team, starting 1 April 2021.

T.T. Srinivasaraghavan, Managing Director of Sundaram Finance, completes his term of office on 31 March 2021, and is retiring from service after 38 years with the company, the last 18 years as Managing Director. Under Srinivasaraghavan's tenure as Managing Director, the company has grown its balance sheet from under Rs. 800crores to over Rs. 30,000crores today. Over the last two decades, Srinivasaraghavan also led the diversification of the group from its traditional focus on medium and heavy commercial vehicles to a multi-product diversified financial services provider.

S. Viji, Chairman, Sundaram Finance said "Under his leadership the company has demonstrated its traditional focus on asset quality, and most importantly its adherence to "Sundaram Values" of prudence and customer focus. The company and its shareholders owe a debt of gratitude for his service."

T.T. Srinivasaraghavan added "It has been a great privilege and honour to lead this outstanding group of people who make up Team Sundaram, over all these years. Our enduring commitment to the Sundaram Values will ensure that Sundaram Finance scales greater heights under the new leadership team".

As a result of T.T. Srinivasaraghavan's retirement, the company at its board meeting, announced the following changes to the management team on I April 2021.

- Harsha Viji, Deputy Managing Director, will assume the office of Executive vice chairman, and take responsibility for the overall strategy and direction of Sundaram Finance Ltd., and other group companies in financial services

- Rajiv Lochan, Director (Strategy), will assume the role of Managing Director of Sundaram Finance Ltd. Rajiv brings a rich experience of 25 years, in financial services, then as a partner in the consulting firm MCKinsey & Company, and most recently, as Managing Director of Kasturi & Sons

- A.N. Raju, Director (Operations), will assume the role of Deputy Managing Director of Sundaram Finance Ltd.

- T.T. Srinivasaraghavan will remain on the board and play a mentorship role

Rajiv Lochan added "The strength of Sundaram Finance lies in its blend of tradition and service with cutting edge management processes and technology. This gives us a strong platform to grow in the years to come, and I Look forward to the challenge and responsibility of leading 'Team Sundaram' to greater heights".

Shares of SUNDARAM FINANCE LTD. was last trading in BSE at Rs.1822 as compared to the previous close of Rs. 1824.95. The total number of shares traded during the day was 573 in over 135 trades.

The stock hit an intraday high of Rs. 1831.45 and intraday low of 1799. The net turnover during the day was Rs. 1041560.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com


Other Headlines:

Indiabulls Housing Finance Ltd. ties up with HDFC Ltd. for Co-Lending Partnership

Tejas Networks Ltd Q4FY21 consolidated PAT soars to Rs. 33.55 crore

ICICI Securities Ltd reports Rs. 329.47 crore consolidated PAT in Q4FY21

Phillips Carbon Black Ltd posts consolidated PAT of Rs. 127.73 crores in Q4FY21

Wonderla announces closure of Bangalore Park till May 4

Hero MotoCorp and Gogoro® Inc announce strategic partnership

Three ONGC employees abducted by armed miscreants in Sivasagar, Assam

Indigo Paints Limited board to approve Q3, Q4, FY21 results on May 14, 2021

Coromandel International Ltd board to announce Q4, FY21 results on April 29, 2021

Hathway Cable & Datacom Ltd board to consider FY21 results on April 28, 2021

Seshasayee Paper and Boards Ltd board to approve FY21 results on May 8, 2021

Rossari Biotech Limited allots 30,12,046 Equity Shares at Rs. 996 per share

Ajanta Pharma Ltd board to consider Q4, FY21 results on April 30, 2021

Maruti Suzuki India Ltd introduces New version of RPAS System in Eeco Cargo Variants

KEC International wins New Orders of Rs. 1,245 crores

MTAR Technologies Limited: Ratings upgraded, outlook revised to Positive

ACC unveiled a new range of innovative and sustainable products during COVID-19

Supreme Industries Ltd board to approve dividend, FY21 results on May 3, 2021

Mastek Ltd board to consider final dividend, FY21 results on April 28, 2021

Enkei Wheels (India) Ltd board to announce quarterly results on April 28, 2021

ICICI Securities board recommends final dividend of Rs. 13.50

TCS Named a Leader in the 2021 Gartner Magic Quadrant for Managed Workplace Services, Asia Pacific

Shri Bajrang Alliance Limited's Agro Division now certified under Food Safety Management System

5Paisa Capital Ltd Q4FY21 consolidated net profit surges to Rs. 5.85 crore

Accelya Solutions India Ltd board to consider Q3FY21 results on April 30, 2021

Van Heusen launches new sub-brand 'Denim Labs'

Shriram City Union Finance Ltd board to approve final dividend, FY21 results on April 30, 2021

Larsen & Toubro Infotech Ltd board to conider Q4, FY21 results, dividend on May 4, 2021

Cipla Ltd board to consider Q4, FY21 results, dividend on May 14, 2021

Tata Steel Long Products Ltd Board approves dividend of Rs. 5

Swaraj Engines Limited announces Q4FY21 results

AstraZeneca Pharma India Limited launches Fasenra™

Hero MotoCorp to undertake temporary suspension of manufacturing operations as precautionary measure

Salasar Techno Engineering Ltd receives orders worth Rs. 47.70 crore

Supreme Petrochem Ltd Board to consider FY21 results & Dividend on April 30, 2021

IRDAI imposes penalty of Rs. 25 lacs on SBI General Insurance Company Limited

Tata Steel Long Products Ltd Q4FY21 consolidated PAT soars to Rs. 339.86 crore

Network18 Media & Investments Ltd reports Rs. 39.13 crore consolidated PAT in Q4FY21

Quick Heal Technologies Ltd fixes May 3, 2021 as record date for Buy Back

TV18 Broadcast Ltd reports Q4FY21 consolidated PAT of Rs. 165.88 crore

Swaraj Engines Ltd Board approves dividend of Rs. 50, special dividend of Rs. 19

Blue Dart Express Ltd board to consider Q4, FY21 results, dividend on May 5, 2021

Swaraj Engines Ltd Q4FY21 PAT surges to Rs. 32.56 crore

Narendra Investments Delhi Ltd Q4FY21 PAT up at Rs. 0.35 crore

Nestle India Ltd reports jump in net profit to Rs. 602.25 crore in Q1CY21

Central Bank of India board approves issue of shares at Rs. 17.11

Saregama strikes a long term music deal with Sanjay Leela Bhansali

Nestle India Ltd board declares interim dividend of Rs. 25 for CY2021

TCI Industries Limited approves issue of 107602 NCRPS

Alembic Pharmaceuticals Ltd board to consider Q4, FY21 results on March 31, 2021


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020