Thyagarajan to fill in when Ajay Piramal quits as Shriram Capital chairman

Thyagarajan has requested Piramal to continue as chairman even after exiting the Group, said the sources

While billionaire Ajay Piramal is likely to step down as chairman of Shriram Capital (SCL), holding company of the Shriram Group’s financial services business, founder R Thyagarajan might oversee the company until the board of directors identifies a replacement, according to sources.

Thyagarajan was not available for comment immediately. SCL did not respond to an e-mail. While Thyagarajan has not been on the board at SCL for more than a decade, he has been part of the Group’s major strategic decisions in an advisory role. The sources say Thyagarajan has requested Piramal to continue as chairman even after exiting the