Friday, Mar 29 2024 | Time 20:27 Hrs(IST)
image
Business Economy


Rajiv Lochan is next MD of Sund Fin

Rajiv Lochan is next MD of Sund Fin

Chennai Jan 20 (UNI) The Board meeting of the Sundaram

Finance Limited (SFI) today announced changes to its

management team, effective from April one this year.

Company's present Managing Director T T Srinivasaraghavan

completes his term of office on March 31 and will retire from

service after 38 years with the company, the last 18 years as

Managing Director.

Under Srinivasaraghavan’s tenure as the MD, the company

has grown its balance sheet from under Rs 800 crores to

over Rs 30,000 crores today.

In view of Srinivasaraghavan’s retirement, the company

announced changes to the management team, a company

release said.



Harsha Viji, Deputy Managing Director, will assume office

of Executive Vice Chairman and take responsibility for the

overall strategy and direction of the compant and other

group companies in financial services.

Rajiv Lochan, Director (Strategy), will assume the role

of MD and A.N. Raju, Director (Operations), will be the

Deputy Managing Director.

Mr Srinivasaraghavan will remain on the board and play

a mentorship role.

The Board has declared an interim dividend of Rs 12 per

share for the financial year 2020-21.

UNI GV 1433

More News
India's core sector output rises to three-month high of 6 7 pc in February

India's core sector output rises to three-month high of 6 7 pc in February

28 Mar 2024 | 7:51 PM

New Delhi, Mar 28 (UNI) Driven primarily by coal, cement and crude oil production, India's core sector comprising of eight key infrastructure components grew 6.7% year-on-year in February 2024, as per data released by Ministry of Commerce and Industry on Thursday.

see more..

Honda Motorcycle & Scooter India achieves historic 6 cr domestic sales milestone

28 Mar 2024 | 7:19 PM

Mumbai, Mar 28 (UNI) Honda Motorcycle & Scooter India (HMSI) announced on Thursday that it has accomplished a historic achievement of 6 crore domestic sales in India. Honda ventured into the Indian market with its first two-wheeler, the Activa, in 2001.

see more..

28 Mar 2024 | 5:28 PM

UNI NK AKS.

see more..
Luminous enters solar panel mfg; 250 MW facility launched with initial investment of Rs 120 cr

Luminous enters solar panel mfg; 250 MW facility launched with initial investment of Rs 120 cr

28 Mar 2024 | 5:16 PM

Rudrapur, Mar 28 (UNI) From power Back-up solutions to Batteries and Solar applications, Luminous Power Technologies on Thursday announced the launch of its state-of-the-art solar panel manufacturing facility here.

see more..

Kottayam-Kochi Rubber Market rates

28 Mar 2024 | 5:04 PM

Kottayam, Mar 28 (UNI) Following were the Rubber Market rates announced by the Rubber Board here on Thursday per quintal.

see more..
image