The 23-year-old, who had become India's youngest FIDE-rated player in 2002 when he was just eight, also finished as joint winner in the Under-12 World Championship in 2005 in France.
Former world champion Viswanathan Anand congratulated Srinath on Twitter and wrote: "Congrats srinath narayan. Welcome to the GM fold. Still remember you visiting us many years ago & I tried suggesting books! Impressive play."
Srinath became an International Master at the age of 14 and crossed the 2500 Elo rating a few months back. He had already secured five GM norms.
Noted coach and Grandmaster R B Ramesh congratulated Srinath on his achievement and said the Chennai player had shown promise from a young age.
"He (Srinath) became an IM at the age of 14, won the world under-12 championship. He took some time to become a GM, but is a talented player. With more hard work, he can go places," Ramesh added.
Veteran chess arbiter and former player V Kameswaran wrote on his Facebook page: "Hearty congratulations to Srinath Narayanan on becoming India's latest Grand Master.
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