TVS Motors Chairman Venu Srinivasan steps down and an outsider to be elected as new Chairman
TVS Motors Company Limited is an indian Multinational Company which has its headquarters at Chennai. This is also the third largest motorcycle company with a revenue of more than Rs.20,000 Crores. Also, TVS Motors is the second largest two wheeler exporter in india with exports to more than 60 Countries. This is a large company in terms of data-size and turnover. Mr.Venu Srinivasan is the Chairman and Managing director for this company.
He is also vice chairman of Tata Trusts. Tata Trusts holds 66% of the equity capital of Tata Sons. He was given the Padma bhushan Award, the third Highest civilian award in india, in january 2020. However, for the past few months TVS Motors company has been making lots of chances within the managing committee and board.
The motor company which was founded on 1978 has always data-faced sky high in the share market. In this case, the Chairperson Dr.Venu Srinivasn has decided to stepped down from the position and this has caused huge panic and upset among the investors and share holders. Also, Dr.Venu Srinivasan has decided to appoint an outsider as the Chairperson for the company. Dr.Venu Srinivasan is keen not to bring any family person inside the company yet again.
He is also vice chairman of Tata Trusts. Tata Trusts holds 66% of the equity capital of Tata Sons. He was given the Padma bhushan Award, the third Highest civilian award in india, in january 2020. However, for the past few months TVS Motors company has been making lots of chances within the managing committee and board.
The motor company which was founded on 1978 has always data-faced sky high in the share market. In this case, the Chairperson Dr.Venu Srinivasn has decided to stepped down from the position and this has caused huge panic and upset among the investors and share holders. Also, Dr.Venu Srinivasan has decided to appoint an outsider as the Chairperson for the company. Dr.Venu Srinivasan is keen not to bring any family person inside the company yet again.