Shriram Group is driven by culture, not person: Thyagarajan on Piramal exit

"Anybody sitting at the top is not going to make much of a change in the culture, except in the long run of five to 10 years"

Ajay Piramal plans to step down from Shriram Capital (SCL), the holding company of the Shriram Group’s financial service business, where he has been chairman since 2014. Shriram Group founder R THYAGARAJAN speaks to T E Narasimhan in an interview. Edited excerpts:

Have you found a successor for Ajay Piramal?

He has said he intends to step down in due course. He has not done it yet and so there is no question of a successor right now. 

The chairman is not all that key for day-to-day functions. Somebody can be a chairman for the board meeting — it is not very very