Piramal Enterprises Ltd. who has 20% equity stake in Shriram Capital Ltd. announced that its Chief Financial Officer (CFO), Rajesh Laddha has been appointed as MD and CEO of Shriram Capital Ltd. Laddha will take over his new position from 1st July 2017.
On Laddha’s appointment, R. Thyagarajan, founder of Shriram group was quoted in media saying “This appointment marks a new era in our growth as well as deepens our partnership with our long-term investors, including the Piramal Group.”
Ajay Piramal, Chairman of Piramal group also stated in media that Laddha handled some of their most significant strategic forays, acquisitions, and negotiations in businesses.
Rajesh joined the Piramal Group in 2001 and has played a critical role in executing smooth acquisitions, mergers, sale & transitions in the Company. He was involved in major projects like Sale of Company’s domestic formulation business to Abbott Laboratories, Investment in Vodafone India, Acquisition of Decision Resources Group, Investment in Shriram Transport and Shriram Capital
Rajesh is a Chartered Accountant a Certified Public Accountant from the USA with Management Accounting. Additionally, he has done Masters in Management from the University of Chicago.