Lakshmi Venu takes over as Managing Director of Sundaram-Clayton Limited
Chennai, May 6, 2022
Lakshmi Venu took over as the Managing Director of Sundaram-Clayton Limited (SCL), one of India’s leading auto components manufacturers, at the board meeting held today.
Lakshmi, daughter of Venu Srinivasan, Chairman Emeritus, Sundaram-Clayton, was prior to this the Joint Managing Director of the company. Sundaram-Clayton.
"Dr. Lakshmi Venu has been leading Sundaram-Clayton from the forefront with aplomb for over a decade now. She has been the lead architect of establishing Sundaram-Clayton’s global footprint. Her decision to set up a foundry in the US three years ago in 2019 in Dorchester, South Carolina was almost prescient, as most US-based customers were looking for on-shore foundry units to reduce supply chain risks and curtail carbon footprint," a press release from the company said.
"She managed the turnaround of Sundaram-Clayton Ltd. to make it a competitive foundry in the world, and has built deep customer relationships with Cummins, Hyundai, Volvo, Paccar and Daimler," it said.
R Gopalan, Chairman, Sundaram-Clayton said, “Lakshmi brings deep customer understanding and has developed strong relationships with global customers. 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.”
Admiral P J Jacob (Retd.), Chairman, Audit Committee, Sundaram-Clayton said, “The elevation of Lakshmi Venu as Managing Director in Sundaram-Clayton is fitting recognition of the enormous contribution she has made to the growth of the company, particularly during very difficult times. She has earned this elevation the hard way, from the shop floor to the apex of the company. I wish her all the very best in taking the company to even greater heights.”
Lakshmi Venu said, “It is indeed an honour to lead Sundaram-Clayton to its next phase of growth. The world is changing very rapidly and disruptions in the automotive industry are becoming de rigueur. The future promises to be exciting, challenging and presents new opportunities. We have an excellent team and together we look forward to strengthening Sundaram-Clayton both in India and globally. I hope to live up to the faith the shareholders, the board of directors, the employees and the management of the company have bestowed upon me. I am grateful for the mentorship that I have received from Chairman Emeritus Mr. Venu Srinivasan and Chairman R. Gopalan who will always remain our beacon lights.”
SCL is a leading manufacturer of machined aluminum die-castings, producing castings for the passenger car, commercial vehicle and two-wheeler industries in India and globally. In India, SCL currently has facilities in Padi, Oragadam and Mahindra World City near Chennai, and one plant in Hosur. SCL also operates in the US to cater to the demands of its key customers.