Carborundum Universal, a part of the Murugappa Group, making a range of product lines, including Abrasives, Technical Ceramics, Auto Components & Systems, Power Solutions for Railways in Rolling Stock & Signalling Equipment and Bicycles, has appointed Sridharan Rangarajan as Managing Director, effective August 3, 2023. Sridharan is currently the Director - Finance & Strategy of the company and succeeds N Ananthaseshan, who will be retiring from the services and stepping down as a Director on August 2, 2023.
He joined Carborundum Universal in June 2011 as its Chief Financial Officer. In January 2018, he took over as the President and Group CFO of the Murugappa Group. In April 2021, he was appointed Director - Finance & Strategy of the company. .
Sridharan also serves on the Boards of Cholamandalam Financial Holdings, Cholamandalam MS General Insurance Company, Cholamandalam MS Risk Services, E I D Parry (India), Parry Agro Industries, PLUSS Advanced Technologies and Net Access India. He has earlier served on the Board of Timken India.
M M Murugappan, Chairman, CUMI, said, “On behalf of the Board, I would like to thank Ananthaseshan for his stellar services to the company over 37 years. He leaves Carborundum well positioned for its next growth phase in all respects. We are also delighted that Sridharan Rangarajan, who has been an integral part of the company’s strategy and growth for over a decade, is taking over as MD. This will ensure a smooth transition as the company gears up for further expansions in India and global operations.”
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