Sridhar to quit Shriram Transport Finance

Shriram Transport Finance Company (STFC) today said its Managing Director R Sridhar will be stepping down to take over as MD and Chief Executive of the group holding company. Sridhar, who has been with STFC since 1985 and has risen through the ranks to become the MD, will step down with effect from March 31 and join Sriram Capital (SCL), a statement said. He has been serving as the managing director of STFC since 2000 and the company grew under his leadership to become the largest vehicle financing company in the country.