The Business Bytes
TBB BUREAU
CHENNAI, MAY 7, 2022
Lakshmi Venu, daughter of industry veteran Venu Srinivasan, has taken over as the managing director of Sundaram-Clayton Limited (SCL), one of India’s leading auto components manufacturers.
She was the Joint Managing Director of Sundaram Clayton. She is considered as the lead architect of Sundaram Clayton’s global footprint.
The decision to elevate Lakshmi Venu as MD of SCL comes close on the heels of Sudarshan Venu’s appointment as MD of TVS Motor Company on Thursday.
Lakshmi Venu who has been leading SCL from the front for over a decade now, has been the lead architect of establishing SCL’s global footprint. Under her leadership, the company took the decision to set up a foundry in the US three years ago in 2019 in Dorchester, South Carolina, at a time when most US-based customers were looking for on-shore foundry units to reduce supply chain risks and curtail carbon footprint. She managed the turnaround of SCL to make it a competitive foundry in the world, and has built deep customer relationships with Cummins, Hyundai, Volvo, Paccar and Daimler.
“She has successfully chartered a strategy to have a global footprint to build competitive advantage. I am confident that she will continue to transform Sundaram-Clayton into a world class auto component manufacturer,” said R Gopalan, Chairman, Sundaram-Clayton.
“Lakshmi’s focus and dedicated efforts over the last ten years have seen the Company do a turnaround in quality, profitability, and building relationships with OEMs..We are confident that under her leadership, Sundaram-Clayton will see its rise globally,” said Venu Srinivasan, chairman emeritus, Sundaram-Clayton.
