You are here: Home » PTI Stories » National » News
Business Standard

CIFCL Board gives nod to elevate N Srinivasan

Press Trust of India  |  Chennai 

The Board of Cholamandalam Investment and Finance Company Ltd, a Murugappa Group company, has given its approval to elevate N Srinivasan, Group Director, Finance, as Executive Vice-Chairman and Managing Director.

The appointment of Srinivasan will be effective August 19, 2017 for a period of two years in place of Vellayan Subbiah, a company statement said here.

Srinivasan was inducted in the Murugappa Group Corporate Board as Director-Finance in January 2007. He was later involved in the financial service business of Cholamandalam Investment and Finance Company Ltd and Chola MS General Insurance Company as 'Lead Director'.

During his tenure, both the companies CIFCL and Chola MS "grew significantly" and have become the large businesses of the Group, it said.

Meanwhile, the Board of Cholamandalam Investment and Finance Company also appointed Arun Alagappan as Executive Director with effect from August 19, 2017 for a period of five years, subject to necessary approvals, it added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, March 17 2017. 16:07 IST