- Two new additional Independent Directors come on board – K Ananth Krishnan and Narayan K Seshadri
- Chairman S Mahalingam steps down on Tuesday after completing two terms as independent director
- With this appointment, the new Board will have 5 Independent Directors, including Tarun Khanna, B Sriram and Gauri Kumar
NE BUSINESS BUREAU
CHENNAI/AHMEDABAD, AUG 29
TVS Supply Chain Solutions Ltd (TVS SCS), a part of TVS Mobility Group, on Tuesday announced the elevation of Executive Vice-Chairman R. Dinesh as the Executive Chairman with immediate effect.
Chairman S Mahalingam stepped down on Tuesday after completing two terms as independent director, the global supply chain solutions provider said in a statement.
Further, TVS SCS announced the appointment of two independent directors — K Ananth Krishnan and Narayan K Seshadri — and the resignation of Non-Executive Director S Ravichandran who quit to pursue personal interests.
With this appointment, the new Board will have 5 Independent Directors, including Tarun Khanna, B Sriram and Gauri Kumar.
R Dinesh, Executive Chairman, TVS Supply Chain Solutions Ltd., said, “I thank our Chairman Mr S Mahalingam for his mentorship and guidance through his tenure at TVS SCS. TVS SCS is now at an inflection point and poised to open yet another new chapter of exponential growth in its illustrious history. We always believed in the Growth Framework – Customer, Capability, Country – as we built on the company’s resilient business model with multiple drivers for profitable growth.”
He further added, “As we embark on our next growth phase, I would like to extend a warm welcome to Mr K Ananth Krishnan and Mr. Narayan K. Seshadri to the Board in sync with our technology-driven client-centricity focus as well as constant business transformation goals. Further, their expertise will support TVS SCS on its continued growth journey as we work towards establishing our leadership as a technology-led Global Supply Chain player.”
S Mahalingam, the outgoing Chairman, said, “From its early years, TVS SCS perceived itself as a global multinational company. It continuously expanded its global footprint, while simultaneously creating local organisations, with a single name and purpose. I am happy that Mr. R. Dinesh, who has shown great entrepreneurship in building this organisation, will take over as the Chairman, as TVS SCS begins its journey as a listed company. I wish Mr. Dinesh and team all the best as he takes TVS SCS to greater heights.”
TVS SCS, which is promoted by TVS Mobility Private Limited, TS Rajam Rubbers Private Limited, Dhinrama Mobility Solution Private Limited, and Ramachandhran Dinesh, successfully listed on the stock exchanges on 23rd August after a successful IPO.
