Monday, March 17, 2025 | 03:18 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Shriram regroups for the future with succession plan, business integration

Experts indicate that the succession plan allowing professionals to run the show will also help in this technology drive

shriram
Premium

(From left to right) J S Gujral, Umesh Revankar, R Duruvasan and D V Ravi, the newly-appointed board members

Shine Jacob Chennai
Recently, a member from the family of one of the founders of the Shriram Group posted the Chennai-based financial conglomerate’s old vision: “Creating wealth, professionally managed.”

This month, the management of the group with revenue of over Rs 1 trillion stood by this vision by creating a durable succession management model and restructuring itself into a streamlined entity through the setting up of a new body via the merger and demerger of several businesses. Family members were always discouraged from joining the business. The downside of this, as critics have pointed out, is that there was no clear succession plan

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in