T.P. Raman to hand over mantle, to be non-executive director

Mr Harsha Viji, a fourth generation member of the TVS family, will take over as the Managing Director of Sundaram Mutual from July 1. He succeeds Mr T.P. Raman, who is to retire on June 30, after serving the company for sixteen years at its helm.

Announcing this at a press conference here on Tuesday, Mr Raman said that it has been a very smooth and well planned transition.

Post his retirement, Mr Raman will continue to serve the company as its Non-Executive Director.

Mr Harsha, a Chartered Accountant, joined the company in 2010 as its Deputy Managing Director and has since been instrumental in steering the fortunes of Sundaram Mutual. Earlier, he served in numerous capacities at McKinsey & Co, New York, and PricewaterhouseCoopers in Chennai. He is also Director, Strategy and Planning at Sundaram Finance, where his father Mr Viji Santhanam serves as the Chairman.

Following the announcement, he answered a range of questions from the media. To a specific question, he said ‘debt funds’ seems to be the big growth area. However, the company will also focus on fixed maturity plans, equity and international funds.

“A lot of international funds show great interest in participating in equity markets here,” he said. According to him, the company’s ‘assets under management’ currently hovers around Rs 13,000 crore.

“Our target is to grow three times this in the next few years,” he said.

rravikumar@thehindu.co.in

(This article was published on June 26, 2012)
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