 "Wonderla gets new directors in Gopal Srinivasan and R Lakshminarayanan")
Amusement park operator, Wonderla Holidays Limited said on Wednesday that it has appointed TVS Capital Fund chief executive Gopal Srinivasan and veteran retail expert R Lakshminarayanan as additional directors on its board.
The company promoted by Arun K Chittilappilly and Kochouseph Chittilappilly currently owns and operates three amusement parks in Kochi, Bengaluru and Hyderabad, and a resort at the Bengaluru. M P Ramachandran, Director, resigned from the directorship of the board due to personal reasons, the company said in a statement.
TVS Shriram Growth Fund, one of the funds managed by TVS Capital Funds Limited had invested in Wonderla Holidays as an Anchor Investor. Srinivasan was appointed as an Independent Director, post the exit of the fund.
Srinivasan is a third generation family member of the TVS Group, a $4 billion (revenue) family-owned set up of automotive businesses. Srinivasan is the founder of TVS Capital Funds Limited, which supports and nurtures India's mid-cap businesses into world-class companies and manages assets of over Rs 1,100 crore of domestic capital, making it among the largest rupee funds in India.
Over a career spanning 25 years, Srinivasan has founded several companies operating in diverse sectors including TVS Capital Funds Limited and TVS Electronics Limited, whose boards he chairs. He is also a Director in TVS & Sons Ltd, the holding Company, and on the Board of several Group Companies.
Lakshminarayanan has about 10 years of experience in Retail Sales, Brand Management and New Product Development with Hindustan Unilever, International Best Foods and Smithkline Beecham. He has worked in Direct Response and Advertising for almost 20 years with Ogilvy Direct, Ogilvy & Mather and Mudra Communications. His areas of interest include Strategic Brand Management, Account Planning and Marketing Services with emphasis on Media Plural Communications.