Arun Alagappan has resigned as MD and director of Cholamandalam Investment & Finance Co, part of the Rs 38,000 crore Murugappa Group.
Alagappan will assume larger responsibilities within the Group, said Sources.
He tendered his resignation as Managing Director and as director of the firm. He will be relieved from the services of the Company on February 14, 2021, said Cholamandalam Investment & Finance.
Two months back, the group decided to dismantle its two-decade-old non-statutory Murugappa Corporate Advisory Board. Instead of the board, which was led by a