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MOTORINDIA
l
April 2012
R. Sridhar is MD & CEO of
Shriram Capital
Mr. R. Sridhar, Managing
Director of Shriram Trans-
port Finance Company Ltd.
(STFC), has been appointed
Managing Director & Chief
Executive Officer of Shr-
iram Capital Ltd. (SCL) with
effect from April 1. He will
continue to serve on the
STFC Board as a nominee of
the Shriram Group.
In order to take up his new re-
sponsibilities in Shriram Capital,
Mr. Sridhar will be relocating to
Chennai. He will be involving
himself in a number of group level
activities, including strategic plan-
ning, capital markets relationship,
rating agencies, etc., as well as in-
vestor relations for all the financial
services entities within the group.
SCL is the apex holding compa-
ny for the financial services enti-
ties in the Shriram Group, where
the Shriram Ownership Trust holds
85 per cent stake and Texas Pacific
Group the balance 15 per cent.
Mr. Arun Duggal, Chairman of
Shriram Capital, said: “Mr. Srid-
har has done a commendable job
in the last many years, and I am
delighted on his appointment as
Managing Director and Chief Ex-
ecutive Officer of Shriram Capital.
This move had been planned for
several months to take advantage
of the relationships Mr. Sridhar
has built with the financial commu-
nity, regulators, media and others
on a broader platform of Shriram
Capital. I look forward to work-
ing closely with Mr. Sridhar in the
coming years to further strengthen
and grow Shriram Capital.”
Mr. Sridhar has been associ-
ated with STFC since 1985. He
was appointed Managing Director
of STFC for the first time in 2000
and was reappointed in 2005. Un-
der his leadership STFC grew by
leaps and bounds and has become
the largest asset financing NBFC
in India.
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MEN AT THE HELM
Mr. R. Sridhar