"Anybody sitting at the top is not going to make much of a change in the culture, except in the long run of five to 10 years"
Ajay Piramal, who was named chairman of unlisted Shriram Capital in 2014, is exiting the Chennai-based group after failing to consolidate his holdings into a non-banking financial behemoth.
Economic slowdown will delay decision, says founder of Shriram Group.
Shriram Group is not driven by one individual; every company has its own management and is run by their respective CEOs, says Thyagarajan
We are focusing on running our businesses better
Negotiations around Shriram Group have been held up in part by the market turmoil after the default of IL&FS
According to analysts and market experts, Shriram Capital will be merged with the new listed entity (STFC and SCUF) through a reverse merger
R Thyagarajan, founder, Shriram group says everything will be honoured on the due date if not by SVL, by Shriram Ownership Trust
Post the acquisition direct and indirect stakes will be 23 % & 26 % respectively