TVS Motor appoints Sudarshan Venu as joint managing director1 min read . Updated: 10 Sep 2014, 06:11 PM IST
The company also named Lakshmi Venu as non-executive director
Chennai: TVS Motor Co. Ltd, part of the $6-billion TVS Group, on Wednesday named Sudarshan Venu and elder sister Lakshmi Venu as joint managing director and non-executive director respectively. The two are children of Venu Srinivasan, the company’s chairman and managing director.
“The company is steadily increasing its market share and volume of its business and Sudarshan Venu, whole-time director of the company has been actively participating in the activities of the company and has considerably increased his engagement in and contribution to the progress of the company, said a statement from TVS Motor, part of the $6 billion TVS Group. Twenty-four-year-old Sudarshan Venu will function under the advice and guidance of his father, the statement added.
Sudarshan Venu had joined TVS Motor as vice-president In December 2011. Earlier, in September 2011, he was inducted on the board of Sundaram Clayton Ltd, the holding company of TVS Motor as additional director. In February 2013, he was elevated as whole-time director.
Lakshmi Venu has been made an additional non-executive director to strengthen the board, the statement added. The appointments are effective 10 September 2014. Lakshmi Venu will serve as the woman director on the board in compliance with the provisions of Companies Act and the listing agreement.
In September 2010, Lakshmi Venu was appointed as director (strategy) of Sundaram Clayton and elevated as vice-president of global business development and strategy a year later. She is married to Rohan Murty, son of N.R. Narayana Murthy, co-founder of Infosys Ltd.