Board of Management set up to broadbase succession: Shriram Group founder

In a Q&A, R Thyagarajan says the idea was to vest Group's ownership with a few key executives, not one individual; talks about upcoming restructuring of group firms and his mentorship role

Two days after announcing a succession plan via the trust route, and his plans to mentor the new board, financial services major Shriram Group’s founder R Thyagarajan said he expects the group to scale up two to three-fold in the next decade. In an interview with Shine Jacob, the industry veteran talks about the upcoming restructuring of the group companies, the idea behind the new board, the industry in a post-Covid world and his mentorship role.

How significant is the appointment of the board of management for the Group’s future? 

The board of management will steer the growth strategy for the entire