Ad Here  
Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated The rise and fall of Annamalai University Align crops to agro climate endowments… Naidu’s return augurs well for Seemandhra Tribute Fortune 500 review More heat than light Convulsions in The Hindu Russi Mody – a tribute Making ‘my Amaravati’... All eyes on Sankara Nethralaya Dr C Rangarajan returns to Chennai The Gulf aviation boom Adharma of opposition politics Mersal magnified Scientists urged to take up farmer-oriented research Sweeter prospects for sugar A Grand Finale for SN’s MS centenary at the US… CIPET hqrs to stay at Guindy – for the present? No mega rail project for Tamil Nadu Tatas moving out of urea production... Delhi is distant Auto components surge… PC’s preference for professionals Wise Presidents EVM is tamper-proof Eternal support for capitalisation of PS banks Sweet news for TN sugar mills ONGC at KG Basin Music happens TELANGANA at last…BUT Nuclear power at the nucleus Why this malaise in medical education? Readers' Mail Roaring Ro-Ro facility Tax agriculture Marketing expert Balagopal is no more A Grand Finale for SN’s MS centenary at the US… Infrastructure funding – lessons learnt A think tank for Chennai When small is no larger beautiful.. IAS invades NDDB... B H Kothari - a tribute Build close rapport with business leaders A welcome initiative by the judiciary PPP mode for upgrading Corporation Hospitals Lalu’s envy, India’s pride IPL - no surprise this scam Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai No Maha Koottani in TN... TGS- The king storyteller Another Indian music maestro at the UN Intellectual of rare qualities The why of tax incentives Bihar – Nitish Kumar adopts the Lalu model Streamlining mandatory third party cover The few handicaps... The Swadeshi Trump IPL type auction for VCs? When the President was rendered homeless… Plummeting profits of PSBs Remembering Indira Sivasailam... Valli, they are more marginalised Reliance’s TV – 18 ready to launch Tamil News Channel TN – agglomerate land holdings without alienating ownership Sri Lanka votes for change Building loyalty through the stomach Don’t seem to feel the pulse… The Jan Dhan bonanza Moily’s bold thrust Rs.1600 crore paper board plant of TNPL How Air-India loses customs... Boy, can you beat these? When nations steal growth from one another… Preserving for the future London, London Narayan Air Asia India will set new benchmarks for budget travel SoA @ 80 Fall in crude prices help in oil sector reform Limit foreign borrowings to hi-tech, export potential projects... For whom the bell tolls? Shipping woes of Chennai companies Tough task taking states together Engineering seats go abegging Solar thermal shines… Delhi is distant… Diamond jubilee of Egmore Samskrt School TIAM turns a full cycle Colour-Chem’s colourful KRVS Where a state respects its litterateurs… When Ratan Tata visited SRM Lesson from Chandrababu Naidu Vibrant Gujarat The rise and rise of KCP A C Muthiah – his munificent bequeaths to science This scant respect for Law Medical costs hit the roof... An informal presentation - analytical, forward locking... The power-full Hindujas 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 Poor representation for Kerala and TN in Cabinet Come elections, come advertisements... No engine for this car Gay abandon in pricing Airlines in India: cost and space Permanent secretariat for TN GIM Cleaning Ganga – relocate tanneries and install electric crematoria West Bengal: mindless malignancy Maximising the micro pricing … Breaththrough in malaria control TN-leverage strength of BHEL, NLC... Increasing non co-operation of state leaders Small units prefers to remain small... S Ramanathan – a versatile musician, musicologist Discoms deserve better… Padma Bhushan for A Ramakrishna Why land prices zoom in TN? Shale gas and its shallow future Computation of GDP – conundrums continue Demise of a media baron... WTO Meet: resolved to meet again Recognition to role of NBFCs.... Telangana in top gear… The balancing act For whom the MIDS bell tolls? Where is Rajaji? Delhi returns to BJP Haul over the coal Excel Generators provide the vital back-up Modi storms Silicon Valley Shanti and Sadhana through Music Measuring roof tops in terms of KW/MW Bihar elections - the Rajaji formula worked CII projects higher growth… Road development slows down GM Technology at last! TN accounts for the largest recruits by the IT sector Paytm karo... Quality silica from Neyveli Polls and promises A yen for wastage… Adapt Vajpayee dinner diplomacy Muffled voices for merit… Waning interest in public discussions… The star of Spencers is no more F C Kohli - his concerns all embracing Revving up the manufacturing sector MHC should not return to its old indisciplined ways A rich pool of talent not utilised…. Pharma – overdose of copying Which side are you, Montek? Welcome GST Editor's Notes Delhi Chalo... Protest masters... Godspeed, Chief Minister JJ Poor quality of university VCs Focus on quality of power - its only around 170-180V Solar, solar everywhere … He continues the focus on social amelioration Modi and the lady The sea- saw battle continues... Land reclamation from sea appears cheaper! Online not in line with brick and mortar businesses... The Ports’ Pasha expands into Tamil Nadu Odisha: spectacular win by Naveen Patnaik Like Hinduism: many paths to reach God... Fortune for Indian Airlines A proud Madrasi A more liberated TN… Kudos to NDTV... Inflation: are we emulating Argentina and Brazil? Robber barons everywhere Things happen by accident and not by design... There was flood of milk. Reason: no milk commissioner! Parliament in paralysis... Rahman at CIC Whistle-Stop Tour of Raghuram Rajan Of course, Gujarat is vibrant More Shakti to resource mobilisation... Secularism and anti-Hinduism L&T- the specialty of special purpose vehicles Welcome changes that testify to Jayalalithaa’s return to health China invests in India More tributes to GR Welcome focus on core competence R Sridhar steps down as CEO of Shriram Capital S V Raju – a ‘good’ true liberal Editor's Says Fuel for thought Five star activism stalls development activity Quality education through the PPP mode The brown list of Venkitaramanan Contrarian cousins GNS - 100: our first subscriber Funding the un-funded Not just in-laws (and outlaws); they’ve renowned academics at the helm! When online building permits work…. The ‘Ayyo-yes’ is no more Gas is the way forward Banning booze... Return to king coal for urea... EEC at the National Media Centre Naidu will soon build a new Hyderabad A professional at the helm of IRDA... Shaming of Tamils by Tamil farmers at Delhi Put expensive assets created to use... Tribute – Manikam Ramaswami When TN politicians can emulate Kerala's Tribute – UCAL Selvan… Cutting the nose to spite the face Tribute – M V Murugappan Multi-faceted Venkat Wanted: a second airport for Chennai L&T: focus on infrastructure and more infrastructure… Liberal imports idling indigenous capacities Tatas moving out of urea production... Should we change the official year? Insurance companies bleeding, yet no decision on increasing FDI limit! CRS, a jewel among managers, is no more. A friendly business group Kinetic Karnataka Noble nonagenarians... Cement prices continue to rise… Mu Sigma – is no more Welcome thrust on trade in Modi’s foreign visits... New IT products of Ramco in the pipeline… Kulandai was a giant Make standards certification mandatory... Alexa – Talking Wikipedia The nuclear option The ‘Jayanthi Tax.’ Towards speedy justice Strengthen the base... CSR and CMI: promise of another Srinivasan Ramanujan... An enemy’s enemy is a friend Revive development banks... An inexplicable neglect He saved millions from starvation... …and of a popular trade leader Silver Years of Madras Musings A glass full of corruption Tihar, Puzhal not different from Parappana Agrahara More Shakthi to Das’ elbow
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 :
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
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
S-15, Industrial Estate,
Chennai - 600 032.
PHONE: +91 44 22501236