Shriram Capital gets new MD & CEO

Shriram Capital has appointed Rajesh Laddha as MD and CEO with effect from July 1. He will now cease to be CFO of Piramal Enterprises Ltd (PEL), which holds an effective 20 per cent stake in Shriram Capital. “Rajesh Laddha has driven some of our most significant strategic forays, acquisitions and negotiations in businesses,” said Ajay Piramal, Chairman, Piramal Group. PEL holds a 10 per cent stake each in Shriram Transport Finance and Shriram City Union Finance.