By Samachar Vishesh News
Chandigarh
01st July:- Retail
and MSME financing major Shriram City Union Finance Ltd. (SCUF) announces
the appointment of Y S Chakravarti as Managing Director & Chief Executive Officer
of Shriram City Union Finance Company Ltd. Y S Chakravarti was earlier the
Executive Director & Chief Operating Officer of the company.
Y S
Chakravarti is a retail finance professional with over 2 decades of experience
in the field of financial services. He has also been serving as a Director of
Shriram Housing Finance Limited since November 2010. Y S Chakravarti started
his career with Shriram Group in 1991. He moved to Shriram
City Union Finance Company Ltd. in 2008, handling the business in the State of
Andhra Pradesh which contributes close to 40% of the overall SCUF retail
business. Since 2010, he has been working as Business Head and Chief Operating
Officer of the company.
Duruvasan
who was the Managing Director of Shriram City Union Finance since June 2012 has
taken SCUF to greater heights and will now continue as Non-Executive Director
to guide the current Management and to also ensure a smooth transition. Going
forward Duruvasan’s role will be focusing on the growth and development
initiatives of multiple entities in the Group.
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