Sundaram Finance names Rajiv Lochan as MD

The board of Sundaram Finance met on Wednesday and named Rajiv Lochan (director Strategy) as managing director with effect from April 1

Sundaram Finance Ltd has made top level changes as the current managing director T.T. Srinivasaraghavan will be retiring on March 31, 2020.

The board of Sundaram Finance met on Wednesday and named Rajiv Lochan (director Strategy) as managing director with effect from April 1, while the current deputy managing director Harsha Viji, 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.

A.N. Raju, director (Operations), will assume the role of deputy managing director. Mr. Srinivasaraghavan will remain on the board and play a mentorship role, the company said in a regulatory filing.

The non-banking finance company said that Mr. Srinivasaraghavan is retiring from service after 38 years with the company, of which the last 18 years as managing director. Under his tenure as managing director, the company has grown its balance sheet from under ₹800 crore to over ₹30,000 crore today.

Over the last two decades, Mr. 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, it 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,” said S. Viji, Chairman, Sundaram Finance.

The board, meanwhile, declared an interim dividend of ₹12 per share for the financial year 2020-21.

You have reached your limit for free articles this month.

Subscription Benefits Include

Today’s Paper

Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Unlimited Access

Enjoy reading as many articles as you wish without any limitations.

Personalised recommendations

A select list of articles that match your interests and tastes.

Faster pages

Move smoothly between articles as our pages load instantly.


A one-stop-shop for seeing the latest updates, and managing your preferences.


We brief you on the latest and most important developments, three times a day.

Support Quality Journalism.

*Our Digital Subscription plans do not currently include the e-paper, crossword and print.

Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button