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