Ad Here  
January
February
March
April
May
June
 
 
Scientists urged to take up farmer-oriented research Sweeter prospects for sugar Tihar, Puzhal not different from Parappana Agrahara Shipping woes of Chennai companies Parliament in paralysis... Kinetic Karnataka Roaring Ro-Ro facility Eternal support for capitalisation of PS banks Airlines in India: cost and space WTO Meet: resolved to meet again F C Kohli - his concerns all embracing Not just in-laws (and outlaws); they’ve renowned academics at the helm! Build close rapport with business leaders Online not in line with brick and mortar businesses... Mu Sigma – is no more A proud Madrasi Towards speedy justice CRS, a jewel among managers, is no more. Poor quality of university VCs Intellectual of rare qualities Waning interest in public discussions… The rise and rise of KCP Engineering seats go abegging Convulsions in The Hindu Nuclear power at the nucleus Shanti and Sadhana through Music CII projects higher growth… Return to king coal for urea... Polls and promises Editor's Says Quality education through the PPP mode Where is Rajaji? Paytm karo... Another Indian music maestro at the UN Colour-Chem’s colourful KRVS When the President was rendered homeless… Align crops to agro climate endowments… Fuel for thought Welcome thrust on trade in Modi’s foreign visits... Russi Mody – a tribute A Grand Finale for SN’s MS centenary at the US… Land reclamation from sea appears cheaper! An enemy’s enemy is a friend Tatas moving out of urea production... Bihar – Nitish Kumar adopts the Lalu model Sri Lanka votes for change Welcome focus on core competence The power-full Hindujas Strengthen the base... The Gulf aviation boom IAS invades NDDB... CIPET hqrs to stay at Guindy – for the present? Wanted: a second airport for Chennai Should we change the official year? The Jan Dhan bonanza Sweet news for TN sugar mills Muffled voices for merit… Noble nonagenarians... Pharma – overdose of copying Readers' Mail Tribute – M V Murugappan Remembering Indira Sivasailam... Measuring roof tops in terms of KW/MW GNS - 100: our first subscriber A welcome initiative by the judiciary A glass full of corruption Rs.1600 crore paper board plant of TNPL Fall in crude prices help in oil sector reform Computation of GDP – conundrums continue MHC should not return to its old indisciplined ways The Ports’ Pasha expands into Tamil Nadu The why of tax incentives Solar, solar everywhere … R Sridhar steps down as CEO of Shriram Capital Revive development banks... TN-leverage strength of BHEL, NLC... The rise and fall of Annamalai University Lalu’s envy, India’s pride A C Muthiah – his munificent bequeaths to science A Grand Finale for SN’s MS centenary at the US… S Ramanathan – a versatile musician, musicologist The ‘Ayyo-yes’ is no more When online building permits work…. Dr C Rangarajan returns to Chennai Gas is the way forward The ‘Jayanthi Tax.’ Solar thermal shines… Small units prefers to remain small... Delhi Chalo... Come elections, come advertisements... Permanent secretariat for TN GIM L&T- the specialty of special purpose vehicles TIAM turns a full cycle Excel Generators provide the vital back-up This scant respect for Law PPP mode for upgrading Corporation Hospitals Modi and the lady Demise of a media baron... Medical costs hit the roof... Plummeting profits of PSBs Making ‘my Amaravati’... Building loyalty through the stomach Fortune for Indian Airlines to the lack of interest on the part of these to focus on original research. This despite the much lower costs of such research in India. The industry which thrived on the protection of a closed economy and the advantage of a vast domestic market, has failed to organise its evolution on healthy lines Cleaning Ganga – relocate tanneries and install electric crematoria Protest masters... Which side are you, Montek? Tatas moving out of urea production... Welcome GST ONGC at KG Basin L&T: focus on infrastructure and more infrastructure… Liberal imports idling indigenous capacities Infrastructure funding – lessons learnt Adharma of opposition politics Mersal magnified Godspeed, Chief Minister JJ For whom the MIDS bell tolls? Why this malaise in medical education? How Air-India loses customs... GM Technology at last! The sea- saw battle continues... All eyes on Sankara Nethralaya Limit foreign borrowings to hi-tech, export potential projects... Of course, Gujarat is vibrant A friendly business group Editor's Notes Why land prices zoom in TN? Preserving for the future Focus on quality of power - its only around 170-180V More heat than light A more liberated TN… The nuclear option He saved millions from starvation... Silver Years of Madras Musings Like Hinduism: many paths to reach God... Tax agriculture When Ratan Tata visited SRM More tributes to GR Moily’s bold thrust Tribute Tough task taking states together The balancing act Auto components surge… Boy, can you beat these? A professional at the helm of IRDA... TGS- The king storyteller Reliance’s TV – 18 ready to launch Tamil News Channel When nations steal growth from one another… The few handicaps... A yen for wastage… Cutting the nose to spite the face S V Raju – a ‘good’ true liberal Banning booze... An inexplicable neglect Five star activism stalls development activity A think tank for Chennai Cement prices continue to rise… CSR and CMI: promise of another Srinivasan Ramanujan... London, London Narayan Road development slows down Tribute – UCAL Selvan… Naidu’s return augurs well for Seemandhra Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai B H Kothari - a tribute Insurance companies bleeding, yet no decision on increasing FDI limit! Inflation: are we emulating Argentina and Brazil? Quality silica from Neyveli Secularism and anti-Hinduism Recognition to role of NBFCs.... Multi-faceted Venkat Tribute – Manikam Ramaswami Discoms deserve better… Gay abandon in pricing Vibrant Gujarat Revving up the manufacturing sector Adapt Vajpayee dinner diplomacy Streamlining mandatory third party cover Kulandai was a giant No engine for this car PC’s preference for professionals Alexa – Talking Wikipedia West Bengal: mindless malignancy Fortune 500 review Telangana in top gear… Funding the un-funded TELANGANA at last…BUT IPL - no surprise this scam Music happens The brown list of Venkitaramanan Breaththrough in malaria control More Shakthi to Das’ elbow Delhi is distant Contrarian cousins TN – agglomerate land holdings without alienating ownership When TN politicians can emulate Kerala's Air Asia India will set new benchmarks for budget travel New IT products of Ramco in the pipeline… Marketing expert Balagopal is no more More Shakti to resource mobilisation... Don’t seem to feel the pulse… Robber barons everywhere There was flood of milk. Reason: no milk commissioner! Maximising the micro pricing … Modi storms Silicon Valley Wise Presidents The Swadeshi Trump Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated Padma Bhushan for A Ramakrishna Rahman at CIC TN accounts for the largest recruits by the IT sector EVM is tamper-proof IPL type auction for VCs? Make standards certification mandatory... …and of a popular trade leader Increasing non co-operation of state leaders For whom the bell tolls? Kudos to NDTV... No Maha Koottani in TN... No mega rail project for Tamil Nadu Naidu will soon build a new Hyderabad Odisha: spectacular win by Naveen Patnaik Delhi is distant… Haul over the coal EEC at the National Media Centre Put expensive assets created to use... Valli, they are more marginalised Diamond jubilee of Egmore Samskrt School A rich pool of talent not utilised…. Welcome changes that testify to Jayalalithaa’s return to health Things happen by accident and not by design... Shaming of Tamils by Tamil farmers at Delhi He continues the focus on social amelioration Poor representation for Kerala and TN in Cabinet Whistle-Stop Tour of Raghuram Rajan Where a state respects its litterateurs… Delhi returns to BJP Lesson from Chandrababu Naidu Bihar elections - the Rajaji formula worked When small is no larger beautiful.. An informal presentation - analytical, forward locking... Shale gas and its shallow future SoA @ 80 The star of Spencers is no more China invests in India
 
R Sridhar steps down as CEO of Shriram Capital

Does it come as surprise that R Sridhar, who shifted to Chennai earlier this year to take charge as Managing Director and CEO of Shriram Capital Ltd, the holding company of the Shriram Group, is quitting his full time executive role in the company?

A chela of Founder-Chairman R Thyagarajan (RT), Chartered Accountant Sridhar joined Shriram Transport Finance Company 28 years ago. Shifting to Mumbai he took charge as the Managing Director and CEO in 2000. Sridhar quickly grasped the intricacies of financial engineering for which Mumbai is so much renowned. STFC’s capital base and assets funded grew exponentially over the last decade. At every stage STFC rode on innovation. Banks, though flush with funds, were not comfortable to finance directly used vehicles. STFC suggested securitisation taking care of risk assessment and contact with the prospective customers. Large financial institutions including CitiCorp and several European and American private equity funds flocked to STFC, which grew by leaps and bounds. Sridhar helped fine tune the systems and built the infrastructure, constantly pushing the boundaries. Shriram Automall Ltd and Shriram Equipment Finance Ltd were founded as subsidiaries.

The activities expanded manifold. By the end of March 2013, assets under management crossed Rs 50,000 crore and net profit earned during the year was Rs 1463 crore. Securitisation for the year crossed Rs 8500 crore. Market cap grew

over the past ten years from Rs 20 crore to

Rs 15,770 crore.

Cash management was perfected to an art by timely actions to raise funds over the medium term and lending over the short term. Sridhar helped change the earlier practice of keeping liabilities at 50 per cent each at floating rates of interest and fixed rates to 80 per cent on fixed loans and 20 per cent of floating loans. This was a big help in insulating the company from the frequent increase in interest rate resorted to by RBI over the last two years.

STFC institutionalised a secondary market through the auto malls providing an exchange for buyers and sellers. STFC kept NPAs to less than two per cent and the interest spread handsome around seven per cent. It lends for around six lakh vehicles in a year.

Sridhar shares several of the traits of RT, including interest in music. RT is all praise for the immense contribution of Sridhar in making STFC achieve a leadership position among NBFCs.

Understandably, the hectic schedule at Mumbai, managing hands-on operational pressures, is in contrast to a staid state of little action for Sridhar at Chennai. The vibrant financial market, the opportunity to interact with dozens of leaders and experts in finance characteristic of the commercial capital of India, are lacking in Chennai. Understandably, after his hectic stint at Mumbai, Sridhar should have found the going staid and dull.

His expertise in fund raising would continue to be tapped by Shriram Group.  Sridhar may feel more comfortable shifting to Mumbai taking up more challenging tasks.

IE wishes him well.

Author :
Reported On :
Sector :
Shoulder :
RELATED NEWS
ABOUT IE
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com