 "R Thyagarajan, Founder Shriram Group")
Financial services major Shriram Group’s founder, R Thyagarajan, on Tuesday came out with a succession plan through the trust route by appointing a board of management to run the Shriram Ownership Trust (SOT). The Group's promotership has been transferred to the Trust and doesn’t lie with any individual or family, he said.
The four-member board of management – D V Ravi, managing director (MD) of Shriram Capital; Umesh Revankar, MD of Shriram Transport Finance; Jasmit Gujral, MD of Shriram General Insurance; and R Duruvasan, former MD of Shriram City Union Finance – will run the group’s business, and Thyagarajan will act
