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.
Sundaram Finance names Rajiv Lochan as its next Managing Director
January 20, 2021
Rajiv C Lochan - THE HINDU×
TT Srinivasaraghavan, Managing Director of Sundaram Finance, completes his term of office on March 31, 2021
Chennai headquartered Non-Banking Finance Company Sundaram Finance has announced that Managing Director TT Srinivasaraghavan will retire on March 31, 2021 and Rajiv Lochan will become the next Managing Director from April 1.
Rajiv Lochan is now Director (Strategy) at Sundaram Finance and before this he was the Managing Director of Kasturi & Sons.
The Company’s Board met today to finalise the changes, a company statement said.
As part of the management rejig, 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 and other group companies in financial services space. AN Raju, Director (Operations), will become Deputy Managing Director of t
Read more about Srinivasaraghavan to retire in March after 18 years as Sundaram Finance MD on Business Standard. He has been with the company for the past 38 years, will be succeeded by Rajiv Lochan