CUMI appoints Sridharan Rangarajan as MD

Sridharan succeeds N Ananthaseshan who will be retiring and stepping down as a Director, at the close of business hours on August 2, 2023.

Autocar Professional BureauBy Autocar Professional Bureau calendar 22 Jun 2023 Views icon4776 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
CUMI appoints Sridharan Rangarajan as MD

Carborundum Universal, a part of the Murugappa Group, has appointed Sridharan Rangarajan as Managing Director of the company, effective August 3, 2023. Sridharan is currently the Director - Finance and Strategy of the firm.

Sridharan succeeds N Ananthaseshan who will be retiring and stepping down as a Director at the close of business hours on August 2, 2023.

Sridharan is a member of the Institute of Chartered Accountants of India, a graduate member of the Institute of Cost Accountants of India, and holds a bachelor’s degree in commerce from Madurai University. He joined CUMI 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 and Strategy of CUMI.

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 Private, 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 phase of growth in all respects. We wish Ananth well in his retirement.  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.”

CUMI is one of the leading manufacturers of material solutions and services in abrasives, electro minerals, ceramics, refractories, and energy storage materials, serving customers in diverse industries including engineering, fabrication, auto and auto components, infrastructure, steel, glass, power generation and distribution, mining, and aerospace.

RELATED ARTICLES
UK and US Sign Trade Agreement at Jaguar Land Rover Plant

auther Autocar Professional Bureau calendar09 May 2025

The UK and US have introduced a new trade agreement easing tariffs on vehicles, metals, and agricultural goods, with pla...

BorgWarner Secures Dual-Clutch Programs in China, Expands OEM Partnerships

auther Sarthak Mahajan calendar09 May 2025

The company has signed a new DCT clutch deal with a Chinese manufacturer and extended a seven-year contract with a Germa...

CIL and AM Green Sign MoU for Renewable Energy Supply to Green Ammonia Projects

auther Sarthak Mahajan calendar09 May 2025

Coal India Limited and AM Green formalize a partnership to develop up to 4,500 MW of renewable energy capacity, supporti...