Venu Srinivasan: Difference between revisions

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{{short description|Indian businessman}}
{{short description|Indian businessman}}
{{Indian patronymic|Venu|Srinivasan}}
{{Infobox person
{{Infobox person
| name              = Venu Srinivasan
| name              = Venu Srinivasan
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| caption            =  
| caption            =  
| birth_name        =  
| birth_name        =  
| birth_date        = <!-- {{birth date|df=yes|YYYY|MM|DD}} -->
| birth_date        = <!-- {{birth date|df=yes|1952|12|11}} -->
| birth_place        = [[Chennai]], Tamil Nadu, India
| birth_place        = [[Chennai]], Tamil Nadu, India
| nationality        = Indian
| known_for          =  
| known_for          =  
| education          = [[College of Engineering, Guindy]], [[Purdue University]]
| education          = [[College of Engineering, Guindy]]<br>[[Purdue University]]
| employer          =
| organization      =
| notable_works      =
| style              =
| influences        =
| influenced        =
| agent              =
| occupation        = Industrialist
| occupation        = Industrialist
| years_active      =  
| years_active      =  
| home_town          =
| salary            =
| net_worth          =
| height            =  
| height            =  
| weight            =
| title              = Chairman Emeritus of [[TVS Motor Company]]<ref>{{cite web | url=https://www.moneycontrol.com/news/technology/auto/tvs-appoints-ralf-speth-as-chairman-venu-srinivasan-to-continue-as-md-8053711.html | title=TVS appoints Ralf Speth as chairman; Venu Srinivasan to continue as MD | date=8 February 2022 }}</ref>
| title              = Chairman and Managing Director of [[TVS Motor Company]]
| term              =  
| term              =  
| predecessor        =  
| predecessor        =  
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| party              =  
| party              =  
| movement          =  
| movement          =  
| boards            = <br>T. V. Sundaram Iyengar & Sons
| boards            = T. V. Sundaram Iyengar & Sons
| spouse            = [[Mallika Srinivasan]]
| spouse            = [[Mallika Srinivasan]]
| children          = [[Lakshmi Venu]], Sudarshan Venu
| children          = [[Lakshmi Venu]], [[Sudarshan Venu]]
| relations          = [[T. V. Sundaram Iyengar]] (grandfather)
| relations          = [[TVS family]]<br/>T. S. Srinivasan (father)<br/>[[Prema Srinivasan]] (mother)<br>[[Sheela Balaji]] (sister)<br>[[T. V. Sundaram Iyengar]] (grandfather)
| callsign          =
| awards            =
| signature          =
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| website            =
| footnotes          =
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}}
}}
'''Venu Srinivasan''' is an Indian industrialist, who is the Chairman of [[TVS Group]] which include [[Sundaram - Clayton Limited|Sundaram-Clayton]] Group and its subsidiary [[TVS Motor Company]], India's third largest maker of two-wheelers. He also serves on the board of Tata Sons Ltd., the holding company of the conglomerate the [[Tata Group]], TVS & Sons and [[Cummins]] India. He is also vice chairman of Tata Trusts. Tata Trusts holds 66% of the equity capital of [[Tata Sons]]. He was given the [[Padma Bhushan]] Award, the third Highest civilian award in India, in January 2020.<ref>{{cite web | url=https://economictimes.indiatimes.com/magazines/panache/anand-mahindra-venu-srinivasan-to-be-honoured-with-padma-bhushan-naukri-com-founder-to-get-padma-shri/articleshow/73628195.cms| title=Anand Mahindra, Venu Srinivasan to be honoured with Padma Bhushan; Naukri.com founder to get Padma Shri | publisher=[[The Economic Times]] | date=26 January 2020 | access-date=26 January 2020}}</ref><ref>{{cite web |title=MINISTRY OF HOME AFFAIRS |url=https://padmaawards.gov.in/PDFS/2020AwardeesList.pdf |website=padmaawards.gov.in |access-date=25 January 2020}}</ref>
'''Venu Srinivasan''' (born 11 December 1952) is an Indian industrialist, he is the chairman emeritus of two-wheeler manufacturer [[TVS Motor Company]] and auto components manufacturer [[TVS Holdings]].<ref>{{cite web |title=Venu Srinivasan |url=https://www.forbes.com/profile/venu-srinivasan-1/ |website=Forbes |access-date=11 April 2024 |language=en}}</ref> In addition, he serves on the board of [[Tata Sons]] and as one of the vice-chairmen of [[Tata Trusts]].<ref>{{cite news |last1=Vijayaraghavan |first1=Kala |last2=Vyas |first2=Maulik |title=Tenures of Tata Trusts vice chairmen extended |url=https://economictimes.indiatimes.com/news/company/corporate-trends/tenures-of-tata-trusts-vice-chairmen-extended/articleshow/101406712.cms |access-date=11 April 2024 |work=The Economic Times |date=1 July 2023}}</ref> He received the [[Padma Bhushan]], India's third-highest civilian award, in January 2020.<ref>{{cite web | url=https://economictimes.indiatimes.com/magazines/panache/anand-mahindra-venu-srinivasan-to-be-honoured-with-padma-bhushan-naukri-com-founder-to-get-padma-shri/articleshow/73628195.cms| title=Anand Mahindra, Venu Srinivasan to be honoured with Padma Bhushan; Naukri.com founder to get Padma Shri | publisher=[[The Economic Times]] | date=26 January 2020 | access-date=26 January 2020}}</ref><ref>{{cite web |title=MINISTRY OF HOME AFFAIRS |url=https://padmaawards.gov.in/PDFS/2020AwardeesList.pdf |website=padmaawards.gov.in |access-date=25 January 2020}}</ref>


As part of the social outreach of [[TVS Motor Company|TVS Motors]] and Sundaram-Clayton, he oversees Srinivasan Services Trust (SST), which works in 5000 villages in India.<ref name="machinist_cii">{{Cite web
He started and oversees Srinivasan Services Trust (SST), a social outreach trust which works in more than 2,500 villages in India.<ref name="machinist_cii">{{Cite web
  | url = http://www.tvssst.org
  | url = http://www.tvssst.org
  | title = Srinivasan Services Trust
  | title = Srinivasan Services Trust
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  | date = 1 April 2015
  | date = 1 April 2015
  | access-date = 1 April 2015
  | access-date = 1 April 2015
}}</ref> SST's model is one of self development for village communities in India covering education, healthcare, infrastructure, economic development, environment and community development.
}}</ref> Its focus areas are societal development through development of women and children, water conservation, improving livelihoods through agriculture & livestock and preservation & conservation of environment.


Srinivasan is also the Chairman, Board of Trustees, of the Srirangam Sri Ranganathaswamy Temple and has supported restoration work at the complex and several other ancient temples in India.
Venu was also the chairman, Board of Trustees, of the [[Ranganathaswamy Temple, Srirangam|Srirangam Ranganathaswamy Temple]] and has supported restoration work at the complex and several other ancient temples in India. He was also appointed as a non-official director on the Central Board of [[Reserve Bank of India]] in 2022.<ref>{{cite news |title=Anand Mahindra, Ravindra Dholakia, Venu Srinivasan, Pankaj Patel appointed to RBI Board. |url=https://economictimes.indiatimes.com/news/economy/policy/anand-mahindra-ravindra-dholakia-venu-srinivasan-join-rbi-board/articleshow/92206061.cms |website=Economic Times |date=14 June 2022 |access-date=February 13, 2023}}</ref>


==Career==
==Career==
Venu Srinivasan is the grandson of the TVS Group's founder, [[T. V. Sundaram Iyengar]].<ref>{{Cite web
Venu Srinivasan is the grandson of the TVS Group's founder, [[T. V. Sundaram Iyengar]].<ref>{{Cite web| url = http://www.rediff.com/money/1999/jul/28venu.htm
| url = http://www.rediff.com/money/1999/jul/28venu.htm
  | title = 'Indian customer is not aggressive in his demands' (Interview with Venu Srinivasan)
  | title = 'Indian customer is not aggressive in his demands' (Interview with Venu Srinivasan)
  | publisher = [[Rediff.com]]
  | work = [[Rediff.com]]
  | date = 29 July 1999
  | date = 29 July 1999
  | access-date = 8 June 2010
  | access-date = 8 June 2010
}}</ref> He did his schooling in [[Madras Christian College Higher Secondary School]].<ref>{{cite web | url= http://timesofindia.indiatimes.com/articleshow/6709112.cms | title=Star-studded 175th b'day for MCC school | work=[[The Times of India]] | date=7 October 2010 | access-date=7 October 2018}}</ref> After graduating from the [[College of Engineering, Guindy]],<ref>{{cite web|url=http://chennai.citizenmatters.in/ceg-alumni-guindy-anna-university-association-petition-6224|title=Why alumni of Chennai’s College of Engineering, Guindy are a worried lot today |publisher=Citizen Matters|date=30 August 2018|author=Aruna Natarajan}}</ref> he completed a Master of Science degree in Management from [[Purdue University]] in [[Indiana]], USA.
}}</ref> He did his schooling at [[Don Bosco Matriculation Higher Secondary School, Chennai]]. After graduating from the [[College of Engineering, Guindy]],<ref>{{cite web|url=http://chennai.citizenmatters.in/ceg-alumni-guindy-anna-university-association-petition-6224|title=Why alumni of Chennai's College of Engineering, Guindy are a worried lot today |publisher=Citizen Matters|date=30 August 2018|author=Aruna Natarajan}}</ref> he completed a Master of Science degree in management from [[Purdue University]] in [[Indiana]] (United States).<ref>{{Cite news |date=2004-07-16 |title=Warwick's doctorate to Venu Srinivasan |work=The Times of India |url=https://timesofindia.indiatimes.com/warwicks-doctorate-to-venu-srinivasan/articleshow/780534.cms |access-date=2023-08-03 |issn=0971-8257}}</ref>


He has received a Doctor of Management by Purdue University and a Doctor of Science by [[University of Warwick]] in [[Coventry]], UK and the Indian Institute of Technology (IIT) Kharagpur, India.
He has received a Doctor of Management by Purdue University and a Doctor of Science by [[University of Warwick]] in [[Coventry]], UK and the Indian Institute of Technology (IIT) Kharagpur, India.<ref>{{Cite web |title=Purdue University honours TVS Motor Co's Venu Srinivasan |url=https://www.autocarpro.in/news-national/purdue-university-honours-tvs-motor-venu-srinivasan-5645 |access-date=2023-08-03 |website=Autocar Professional |language=en}}</ref>


He became the managing director of Sundaram-Clayton in May 1979. He went on to become the chairman of TVS Motor Company.
He became the managing director of Sundaram-Clayton in May 1979. He went on to become the chairman of TVS Motor Company.
In the late 1980s, Srinivasan scripted a turnaround for the two-wheeler maker, which was mired in labour troubles with striking workers, leading to mounting losses. Srinivasan shut the factory down for three months, forcing the unions to relent. He then upgraded plant machinery, invested in new technologies and implemented [[Total Quality Management]] (TQM), a Japanese method of process-driven manufacturing.
In the late 1980s, Venu scripted a turnaround for the two-wheeler maker, which was mired in labour troubles with striking workers, leading to mounting losses. Venu shut the factory down for three months, forcing the unions to relent. He then upgraded plant machinery, invested in new technologies and implemented [[Total Quality Management]] (TQM), a Japanese method of process-driven manufacturing.<ref>{{Cite web |title=Mr. Venu Srinivasan - Doctor of Management - Purdue University |url=https://www.purdue.edu/newsroom/releases/2014/Q2/HonDocs-bios/mr.-venu-srinivasan---doctor-of-management.html |access-date=2023-08-03 |website=www.purdue.edu}}</ref>


He also brought in Professor Lord [[Kumar Bhattacharyya]] of the University of Warwick as a consultant to provide guidance. In 2001, ending years of partnership with Suzuki, TVS Motor Company split from the Japanese automaker and started manufacturing on its own.<ref name="bw_exec_profile">{{Cite web
He also brought in Professor Lord [[Kumar Bhattacharyya]] of the University of Warwick as a consultant to provide guidance. In 2001, ending years of partnership with Suzuki, TVS Motor Company split from the Japanese automaker and started manufacturing on its own.<ref name="bw_exec_profile">{{Cite web
  | url = http://investing.businessweek.com/research/stocks/people/person.asp?personId=9429994&ticker=878598
  | url = http://investing.businessweek.com/research/stocks/people/person.asp?personId=9429994&ticker=878598
| archive-url = https://archive.today/20130118143253/http://investing.businessweek.com/research/stocks/people/person.asp?personId=9429994&ticker=878598
| url-status = dead
| archive-date = 18 January 2013
  | title = TVS Motor Company Ltd – Executive Profile: Venu Srinivasan
  | title = TVS Motor Company Ltd – Executive Profile: Venu Srinivasan
  | publisher = BusinessWeek
  | publisher = BusinessWeek
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  | url = http://www.financialexpress.com/news/story/55382/
  | url = http://www.financialexpress.com/news/story/55382/
  | title = TVS Targets 24% Of Market Share This Fiscal
  | title = TVS Targets 24% Of Market Share This Fiscal
| date = 19 August 2002
  | publisher = Financial Express
  | publisher = Financial Express
  | access-date = 28 November 2011
  | access-date = 28 November 2011
}}</ref> The launches that followed, set TVS Motor on the path to becoming India's third-largest two-wheeler manufacturer.
}}</ref> The launches that followed, set TVS Motor on the path to becoming India's third-largest two-wheeler manufacturer.


Srinivasan later brought in Professor Yasutoshi Washio of Japan, a Deming Application Prize Winner and Japanese quality management guru Professor Yoshikazu Tsuda as mentors to strengthen the TQM processes within the company. Today, its facilities also make bikes for BMW Motorrad through a strategic partnership with the German firm.
Under Venu's leadership as the managing director, Sundaram-Clayton's brakes division won the [[Deming Prize]] in 1998 for having "achieved distinctive performance improvements through application of company-wide quality control".<ref>{{Cite news
 
Under Srinivasan's leadership as the Managing Director, Sundaram-Clayton's brakes division won the [[Deming Prize]] in 1998 for having "achieved distinctive performance improvements through application of company-wide quality control".<ref>{{Cite web
  | url = http://www.business-standard.com/india/storypage.php?autono=28517
  | url = http://www.business-standard.com/india/storypage.php?autono=28517
  | title = Sundaram Clayton bags Deming Prize
  | title = Sundaram Clayton bags Deming Prize
| newspaper = Business Standard India
  | publisher = Business Standard
  | publisher = Business Standard
  | date = 23 October 1998
  | date = 23 October 1998
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  | date = 3 November 2002
  | date = 3 November 2002
  | access-date = 8 June 2010
  | access-date = 8 June 2010
}}</ref> In 2019, Srinivasan himself received the Deming Distinguished Service Award, granted to individuals who have made outstanding contributions in the dissemination and promotion of Total Quality Management.<ref name=":0">{{Cite web|url=http://www.juse.or.jp/deming_en/award/1281.html|title=2019 Deming Prize Winners|website=Deming Prize}}</ref><ref>{{Cite web|url=http://www.juse.or.jp/deming_en/award/1025.html|title=Deming Award definition|website=Deming Prize}}</ref>
}}</ref> In 2019, Venu himself received the Deming Distinguished Service Award, granted to individuals who have made outstanding contributions in the dissemination and promotion of Total Quality Management.<ref name=":0">{{Cite web|url=http://www.juse.or.jp/deming_en/award/1281.html|title=2019 Deming Prize Winners|website=Deming Prize}}</ref><ref>{{Cite web|url=http://www.juse.or.jp/deming_en/award/1025.html|title=Deming Award definition|website=Deming Prize}}</ref>


==Awards and honours==
==Awards and honours==
Srinivasan was conferred the coveted Padma Shri Award by the President of India in 2010 for his contributions in the field of trade and industry.<ref name="Padma Awards">{{cite web | url=http://mha.nic.in/sites/upload_files/mha/files/LST-PDAWD-2013.pdf | title=Padma Awards | publisher=Ministry of Home Affairs, Government of India | date=2015 | access-date=21 July 2015}}</ref> His tireless work to promote trade and cultural relations between South Korea and India have earned him many awards and much recognition. He is the 'Goodwill Envoy for Culture and Diplomacy of the Republic of Korea'. He was earlier the Honorary Consul General, Republic of Korea, Chennai. In 2010, he was honoured by South Korean President [[Lee Myung-bak]], with the civilian honour, 'Order of Diplomatic Service Merit,’ in recognition of his contribution to promoting bilateral relations between South Korea and India.<ref>{{Cite web
Venu Srinivasan was elected as President of Confederation of Indian Industry (CII) year 2009–10.<ref>{{Cite news |last=Announcement |date=2009-03-27 |title=Mr Venu Srinivasan is new CII President |work=Business Standard India |url=https://www.business-standard.com/article/press-releases/mr-venu-srinivasan-is-new-cii-president-109032700118_1.html |access-date=2022-04-29}}</ref> Venu was conferred the coveted Padma Shri Award by the President of India in 2010 for his contributions in the field of trade and industry.<ref name="Padma Awards">{{cite web | url=http://mha.nic.in/sites/upload_files/mha/files/LST-PDAWD-2013.pdf | title=Padma Awards | publisher=Ministry of Home Affairs, Government of India | date=2015 | access-date=21 July 2015 | archive-date=17 November 2017 | archive-url=https://web.archive.org/web/20171117004138/http://mha.nic.in/sites/upload_files/mha/files/LST-PDAWD-2013.pdf | url-status=dead }}</ref> He is the "Goodwill Envoy for Culture and Diplomacy of the Republic of Korea". He was earlier the Honorary Consul General, Republic of Korea (in Chennai). In 2010, he was honoured by South Korean President [[Lee Myung-bak]], with the civilian honour, '''Order of Diplomatic Service Merit''', in recognition of his contribution to promoting bilateral relations between South Korea and India.<ref>{{Cite web
  | url = http://www.thehindu.com/news/national/venu-srinivasan-conferred-award/article94379.ece
  | url = http://www.thehindu.com/news/national/venu-srinivasan-conferred-award/article94379.ece
  | title = Venu Srinivasan Conferred Award
  | title = Venu Srinivasan Conferred Award
  | publisher = The Hindu
  | work = The Hindu
  | date = 25 January 2010
  | date = 25 January 2010
  | access-date = 19 January 2012
  | access-date = 19 January 2012
}}</ref>
}}</ref>


Asian Network for Quality (ANQ) chose Srinivasan as one of the winners for its Ishikawa-Kano Award for the year 2012, for his contribution to the theory and practice of quality management within TVS Motor Company.<ref>{{Cite web
Asian Network for Quality (ANQ) chose Venu as one of the winners for its Ishikawa-Kano Award for the year 2012, for his contribution to the theory and practice of quality management within TVS Motor Company.<ref>{{Cite web
  | url = http://www.thehindubusinessline.com/companies/article3712269.ece
  | url = http://www.thehindubusinessline.com/companies/article3712269.ece
  | title = Venu Srinivasan gets Ishikawa-Kano award  
  | title = Venu Srinivasan gets Ishikawa-Kano award  
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}}</ref>
}}</ref>


Srinivasan was appointed as the Honorary Commander of Korean Naval vessel, ROKS Choi Young(DDH-981) for his dedication to enhance the friendship and co-operation between the Republic of Korea and the Republic of India. In December 2014, Srinivasan was conferred an honorary citizenship by the Mayor of Busan Metropolitan City, the 2nd largest city in Korea.
Venu was appointed the Honorary Commander of Korean Naval vessel, ROKS Choi Young (DDH-981)<ref>{{cite web |title=Venu Srinivasan appointed honorary commanding officer of Korean naval vessel. |url=https://www.thehindubusinessline.com/economy/logistics/venu-srinivasan-appointed-honorary-commanding-officer-of-korean-naval-vessel/article23119655.ece |website=Thehindubusinessline |date=18 November 2014 |access-date=February 13, 2023}}</ref> for his dedication to enhance the friendship and co-operation between the Republic of Korea and the Republic of India. In December 2014, Venu was conferred an [[Honorary Busan citizenship|honorary citizenship]] by the mayor of Busan Metropolitan City, the 2nd largest city in Korea.<ref>{{cite web |title=TVS Chairman conferred honorary citizenship of Busan. |url=https://www.thehindubusinessline.com/companies/TVS-Chairman-conferred-honorary-citizenship-of-Busan/article20933868.ece |website=Thehindubusinessline |date=18 December 2014 |access-date=February 13, 2023}}</ref>
 
As per Forbes list of India’s 100 richest tycoons, dated OCTOBER 09, 2024,Venu Srinivasan is ranked 55th with a net worth of $5.65 Billion.<ref>{{Cite web |title=India's 100 Richest |url=https://www.forbes.com/lists/india-billionaires/}}</ref>


{| class="wikitable" style="font-size:90%;"
{| class="wikitable" style="font-size:90%;"
!Year
!Name
!Awarding organization
!Ref.
|-
|2003
|Star of Asia
|[[Bloomberg Businessweek|Businessweek]]
|<ref name="bw_exec_profile" />
|-
|-
! Year !! Name !! Awarding organization !! Ref.
|2004
|Doctor of Science
|[[University of Warwick]]
|
|-
|-
| 2003
|2004
| Star of Asia
|Jamsetji Tata Lifetime Achievement Award
| [[Bloomberg Businessweek|Businessweek]]
|Indian Society for Quality
|<ref name="bw_exec_profile"/>
|<ref>{{cite news |date=27 March 2009 |title=Mr Venu Srinivasan is new CII President |work=Business Standard |url=http://www.business-standard.com/india/news/mr-venu-srinivasan-is-new-cii-president/353133/ |access-date=12 November 2011}}</ref>
|-
|-
| 2004
|2005
| Doctor of Science
|J R D Tata Corporate Leadership Award
| [[University of Warwick]]
|All India Management Association
|<ref>{{cite web |url= http://www.domain-b.com/companies/companies_t/tvs_motor/20040731_venu_srinivasan.html |title=Venu Srinivasan receives honorary doctorate from University of Warwick, UK news  |work=domain-b.com |access-date=12 November 2011}}</ref>
|<ref>{{cite news |date=4 February 2005 |title=TVS head Venu Srinivasan bags JRD Tata Award |work=Economic Times |url=http://articles.economictimes.indiatimes.com/2005-02-04/news/27487519_1_aima-itc-chairman-management |archive-url=https://web.archive.org/web/20120606145039/http://articles.economictimes.indiatimes.com/2005-02-04/news/27487519_1_aima-itc-chairman-management |url-status=dead |archive-date=6 June 2012 |access-date=12 November 2011}}</ref>
|-
|-
| 2004
|2009
| Jamsetji Tata Lifetime Achievement Award
|Doctor of Science
| Indian Society for Quality
|IIT, Kharagpur, India
|<ref>{{cite web |url= http://www.business-standard.com/india/news/mr-venu-srinivasan-is-new-cii-president/353133/ |title= Mr Venu Srinivasan is new CII President |work=Business Standard |access-date=12 November 2011}}</ref>
|<ref>{{cite news |date=22 May 2014 |title=Honorary Doctorate for TVS Motors' Venu Srinivasan |work=The New Indian Express |url=http://www.newindianexpress.com/cities/chennai/Honorary-Doctorate-for-TVS-Motors%E2%80%99-Venu-Srinivasan/2014/05/22/article2237436.ece |archive-url=https://archive.today/20140702044627/http://www.newindianexpress.com/cities/chennai/Honorary-Doctorate-for-TVS-Motors%E2%80%99-Venu-Srinivasan/2014/05/22/article2237436.ece |url-status=dead |archive-date=2 July 2014 |access-date=12 November 2011}}</ref>
|-
|-
| 2005
|2010
| J R D Tata Corporate Leadership Award
|[[Padma Shri]]
| All India Management Association
|[[Government of India]]
|<ref>{{cite news |url= http://articles.economictimes.indiatimes.com/2005-02-04/news/27487519_1_aima-itc-chairman-management |title= TVS head Venu Srinivasan bags JRD Tata Award |work=Economic Times |access-date=12 November 2011 |date=4 February 2005}}</ref>
|<ref>{{cite web |title=Padma awardees Venu Srinivasan, Manoharan overwhelmed |url=http://news.in.msn.com/national/article.aspx?cp-documentid=3575801 |url-status=dead |archive-url=https://web.archive.org/web/20120615170111/http://news.in.msn.com/national/article.aspx?cp-documentid=3575801 |archive-date=15 June 2012 |access-date=12 November 2011 |work=MSN News}}</ref>
|-
|-
| 2009
|2010
| Doctor of Science
|Order of Diplomatic Service Merit
| IIT, Kharagpur, India
|[[Government of South Korea]]
|<ref>{{cite news |url= http://www.newindianexpress.com/cities/chennai/Honorary-Doctorate-for-TVS-Motors%E2%80%99-Venu-Srinivasan/2014/05/22/article2237436.ece |title= Honorary Doctorate for TVS Motors' Venu Srinivasan |work=New India Express |access-date=12 November 2011 |date=22 May 2014}}</ref>
|<ref>{{cite news |date=25 January 2010 |title=Venu Srinivasan conferred award |work=MSN News |location=Chennai, India |url=http://www.thehindu.com/news/national/article94379.ece |access-date=12 November 2011}}</ref>
|-
|-
| 2010
|2012
| [[Padma Shri]]
|Ishikawa-Kano Award
| [[Government of India]]
|Asian Network for Quality
|<ref>{{cite web |url= http://news.in.msn.com/national/article.aspx?cp-documentid=3575801 |title= Padma awardees Venu Srinivasan, Manoharan overwhelmed |work= MSN News |access-date= 12 November 2011 |archive-url= https://web.archive.org/web/20120615170111/http://news.in.msn.com/national/article.aspx?cp-documentid=3575801 |archive-date= 15 June 2012 |url-status= dead }}</ref>
|<ref>{{cite news |date=3 August 2012 |title=Awardees of 2012 Ishikawa-Kano Award |work=ANQ Congress 2012 |location=Hong Kong |url=http://www.hksq.org/anq2012/ika.html |access-date=19 January 2012}}</ref>
|-
|-
| 2010
|2014
| Order of Diplomatic Service Merit
|Doctor of Management
| [[Government of South Korea]]
|Purdue University, USA
|<ref>{{cite news |url= http://www.thehindu.com/news/national/article94379.ece |title= Venu Srinivasan conferred award |work=MSN News |access-date=12 November 2011 |location=Chennai, India |date=25 January 2010}}</ref>
|<ref>{{cite news |date=19 May 2014 |title=Purdue University, USA Honours Mr. Venu Srinivasan |work=Purdue University 2012 |location=United States of America |url=http://www.thehindubusinessline.com/news/purdue-university-honours-venu-srinivasan/article6025359.ece |access-date=19 May 2014}}</ref>
|-
|-
| 2012
|2014
| Ishikawa-Kano Award
|Honorary Commander of Korean Naval vessel, ROKS Choi Young
| Asian Network for Quality
|Republic of Korean Navy
|<ref>{{cite news |url= http://www.hksq.org/anq2012/ika.html |title= Awardees of 2012 Ishikawa-Kano Award |work=ANQ Congress 2012|access-date=19 January 2012 |location=Hong Kong |date=3 August 2012}}</ref>
|<ref>{{cite news |date=19 November 2014 |title=Venu Srinivasan appointed commanding officer of Korean naval vessel |work=Economic Times |url=http://articles.economictimes.indiatimes.com/2014-11-18/news/56221911_1_republic-venu-srinivasan-dedication |archive-url=https://web.archive.org/web/20141121165658/http://articles.economictimes.indiatimes.com/2014-11-18/news/56221911_1_republic-venu-srinivasan-dedication |url-status=dead |archive-date=21 November 2014 |access-date=19 November 2014}}</ref>
|-
|-
| 2014
|2014
| Doctor of Management
|Honorary Citizen of Busan City, Republic of Korea
| Purdue University, USA
|Busan Metropolitan Council
|<ref>{{cite news |url= http://www.thehindubusinessline.com/news/purdue-university-honours-venu-srinivasan/article6025359.ece |title= Purdue University, USA Honours Mr. Venu Srinivasan |work=Purdue University 2012|access-date=19 May 2014 |location=United States of America |date=19 May 2014}}</ref>
|<ref>{{cite news |date=18 December 2014 |title=TVS Chairman Venu Srinivasan conferred honorary citizenship of Busan |work=Economic Times |url=http://economictimes.indiatimes.com/news/company/corporate-trends/tvs-chairman-venu-srinivasan-conferred-honorary-citizenship-of-busan/articleshow/45564501.cms |access-date=18 December 2014}}</ref>
|-
|-
| 2014
|2015
| Honorary Commander of Korean Naval vessel, ROKS Choi Young
|Goodwill Envoy for Public Diplomacy
| Republic of Korean Navy
|Republic of Korea
|<ref>{{cite news |url= http://articles.economictimes.indiatimes.com/2014-11-18/news/56221911_1_republic-venu-srinivasan-dedication |title= Venu Srinivasan appointed commanding officer of Korean naval vessel |work=Economic Times |access-date=19 November 2014 |date=19 November 2014}}</ref>
|
|-
|-
| 2014
|2016
| Honorary Citizen of Busan City, Republic of Korea
|Champion of Champions and Best CEO
| Busan Metropolitan Council
|Business Today
|<ref>{{cite news |url= http://economictimes.indiatimes.com/news/company/corporate-trends/tvs-chairman-venu-srinivasan-conferred-honorary-citizenship-of-busan/articleshow/45564501.cms |title= TVS Chairman Venu Srinivasan conferred honorary citizenship of Busan |work=Economic Times |access-date=18 December 2014 |date=18 December 2014}}</ref>
|-
|-
| 2015
|2018
| Goodwill Envoy for Public Diplomacy
|Life Time Achievement Award
| Republic of Korea
|F A D A
|
|-
| 2016
| Champion of Champions and Best CEO
| Business Today
|-
| 2018
| Life Time Achievement Award
| F A D A
|
|
|-
|-
|2019
|2019
|Deming Distinguished Service Award
|Deming Distinguished Service Award
|JUSE<ref>{{Cite web|url=https://www.juse.or.jp/english/profile/|title=Union of Japanese Scientists and Engineers|website=JUSE}}</ref>
|JUSE<ref>{{Cite web |title=Union of Japanese Scientists and Engineers |url=https://www.juse.or.jp/english/profile/ |website=JUSE}}</ref>
|<ref name=":0" />
|<ref name=":0" />
|-
|2020
|Padma Bhushan
|Government of India
|<ref>{{cite web |date=26 January 2020 |title=Anand Mahindra, Venu Srinivasan to be honoured with Padma Bhushan; Naukri.com founder to get Padma Shri |url=https://economictimes.indiatimes.com/magazines/panache/anand-mahindra-venu-srinivasan-to-be-honoured-with-padma-bhushan-naukri-com-founder-to-get-padma-shri/articleshow/73628195.cms |access-date=26 January 2020 |publisher=[[The Economic Times]]}}</ref>
|-
|2021
|Man of the Year
|Autocar Professional
|<ref>{{cite web |title=Venu Srinivasan is Autocar Professional's Man of the Year 2021 |url=https://www.autocarpro.in/feature/venu-srinivasan-is-autocar-professional-man-of-the-year-2021-80765}}</ref>
|-
|2023
|Outstanding Institution Builder Award
|[[Ministry of Civil Aviation (India)|Union Minister of Civil Aviation]]
|<ref>{{cite web |title=Outstanding Institution Builder Award |url=https://www.businessworld.in/article/Kumar-Mangalam-Birla-Gets-Business-Leader-Of-Decade-Award/12-04-2023-472644/}}</ref>
|-
|}
|}
== Criticism ==
Venu Srinivasan has also been criticised on multiple counts when he was the Chairman of Board of Trustees of the Sri Ranganathaswamy temple, Srirangam as head of Thiruppani committee of the Kabaleeswararar Temple, Chennai and a court case is ongoing with regards to unauthorised and illegal demolition of a Siva temple in Thirukurungudi Temple.
'''Widely publicised complaints by Rangarajan Narasimhan, there are multiple FIRs and court cases against Venu Srinivasan:'''
* Illegally being head of trustees, despite not being a hereditary trustee <ref>{{cite web | url=https://indiankanoon.org/doc/87679087/| title=Rangarajan Narasimhan vs The State Of Tamil Nadu on 19 January, 2022}}</ref>
* Illegally conducting underground research and not involving the ASI <ref name="Scion of TVS Group in trouble">{{cite web | url=https://www.dailypioneer.com/2018/india/scion-of-tvs-group-in-trouble.html| title=Scion of TVS Group in trouble}}</ref>
* Illegal demolition of various statues inside the Srirangam Temple <ref name="Scion of TVS Group in trouble"/>
* Venu Srinivasan was the head of the Thiruppani Committee for the Kabaleeswara Swamy temple, Chennai when the peacock Parvathi idol was stolen. He is on anticipatory bail in the ongoing court investigation<ref>{{cite web | url=https://www.newindianexpress.com/states/tamil-nadu/2018/nov/29/idol-theft-case-anticipatory-bail-granted-to-venu-srinivasan-1904637.html| title=Idol theft case: Anticipatory bail granted to Venu Srinivasan| date=29 November 2018}}</ref>


== References ==
== References ==
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[[Category:Year of birth missing (living people)]]
[[Category:Tamil billionaires]]
[[Category:Tamil billionaires]]
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[[Category:TVS Group]]
[[Category:TVS Group]]
[[Category:TVS family]]
[[Category:1952 births]]

Latest revision as of 08:55, 12 February 2026


In this Indian name, the name Srinivasan is a patronymic, and the person should be referred to by the given name, Venu.
Venu Srinivasan
Born
Chennai, Tamil Nadu, India
EducationCollege of Engineering, Guindy
Purdue University
OccupationIndustrialist
TitleChairman Emeritus of TVS Motor Company[1]
Board member ofT. V. Sundaram Iyengar & Sons
Spouse(s)Mallika Srinivasan
ChildrenLakshmi Venu, Sudarshan Venu
RelativesTVS family
T. S. Srinivasan (father)
Prema Srinivasan (mother)
Sheela Balaji (sister)
T. V. Sundaram Iyengar (grandfather)

Venu Srinivasan (born 11 December 1952) is an Indian industrialist, he is the chairman emeritus of two-wheeler manufacturer TVS Motor Company and auto components manufacturer TVS Holdings.[2] In addition, he serves on the board of Tata Sons and as one of the vice-chairmen of Tata Trusts.[3] He received the Padma Bhushan, India's third-highest civilian award, in January 2020.[4][5]

He started and oversees Srinivasan Services Trust (SST), a social outreach trust which works in more than 2,500 villages in India.[6] Its focus areas are societal development through development of women and children, water conservation, improving livelihoods through agriculture & livestock and preservation & conservation of environment.

Venu was also the chairman, Board of Trustees, of the Srirangam Ranganathaswamy Temple and has supported restoration work at the complex and several other ancient temples in India. He was also appointed as a non-official director on the Central Board of Reserve Bank of India in 2022.[7]

Career[edit | edit source]

Venu Srinivasan is the grandson of the TVS Group's founder, T. V. Sundaram Iyengar.[8] He did his schooling at Don Bosco Matriculation Higher Secondary School, Chennai. After graduating from the College of Engineering, Guindy,[9] he completed a Master of Science degree in management from Purdue University in Indiana (United States).[10]

He has received a Doctor of Management by Purdue University and a Doctor of Science by University of Warwick in Coventry, UK and the Indian Institute of Technology (IIT) Kharagpur, India.[11]

He became the managing director of Sundaram-Clayton in May 1979. He went on to become the chairman of TVS Motor Company. In the late 1980s, Venu scripted a turnaround for the two-wheeler maker, which was mired in labour troubles with striking workers, leading to mounting losses. Venu shut the factory down for three months, forcing the unions to relent. He then upgraded plant machinery, invested in new technologies and implemented Total Quality Management (TQM), a Japanese method of process-driven manufacturing.[12]

He also brought in Professor Lord Kumar Bhattacharyya of the University of Warwick as a consultant to provide guidance. In 2001, ending years of partnership with Suzuki, TVS Motor Company split from the Japanese automaker and started manufacturing on its own.[13]

TVS Motor Company re-entered the market by launching TVS Victor – India's first indigenously built four-stroke motorcycle.[14] The launches that followed, set TVS Motor on the path to becoming India's third-largest two-wheeler manufacturer.

Under Venu's leadership as the managing director, Sundaram-Clayton's brakes division won the Deming Prize in 1998 for having "achieved distinctive performance improvements through application of company-wide quality control".[15] In 2002, TVS Motor Company also won the Deming Prize, becoming the first two-wheeler company in the world to do so.[16] In 2019, Venu himself received the Deming Distinguished Service Award, granted to individuals who have made outstanding contributions in the dissemination and promotion of Total Quality Management.[17][18]

Awards and honours[edit | edit source]

Venu Srinivasan was elected as President of Confederation of Indian Industry (CII) year 2009–10.[19] Venu was conferred the coveted Padma Shri Award by the President of India in 2010 for his contributions in the field of trade and industry.[20] He is the "Goodwill Envoy for Culture and Diplomacy of the Republic of Korea". He was earlier the Honorary Consul General, Republic of Korea (in Chennai). In 2010, he was honoured by South Korean President Lee Myung-bak, with the civilian honour, Order of Diplomatic Service Merit, in recognition of his contribution to promoting bilateral relations between South Korea and India.[21]

Asian Network for Quality (ANQ) chose Venu as one of the winners for its Ishikawa-Kano Award for the year 2012, for his contribution to the theory and practice of quality management within TVS Motor Company.[22]

Venu was appointed the Honorary Commander of Korean Naval vessel, ROKS Choi Young (DDH-981)[23] for his dedication to enhance the friendship and co-operation between the Republic of Korea and the Republic of India. In December 2014, Venu was conferred an honorary citizenship by the mayor of Busan Metropolitan City, the 2nd largest city in Korea.[24]

As per Forbes list of India’s 100 richest tycoons, dated OCTOBER 09, 2024,Venu Srinivasan is ranked 55th with a net worth of $5.65 Billion.[25]

Year Name Awarding organization Ref.
2003 Star of Asia Businessweek [13]
2004 Doctor of Science University of Warwick
2004 Jamsetji Tata Lifetime Achievement Award Indian Society for Quality [26]
2005 J R D Tata Corporate Leadership Award All India Management Association [27]
2009 Doctor of Science IIT, Kharagpur, India [28]
2010 Padma Shri Government of India [29]
2010 Order of Diplomatic Service Merit Government of South Korea [30]
2012 Ishikawa-Kano Award Asian Network for Quality [31]
2014 Doctor of Management Purdue University, USA [32]
2014 Honorary Commander of Korean Naval vessel, ROKS Choi Young Republic of Korean Navy [33]
2014 Honorary Citizen of Busan City, Republic of Korea Busan Metropolitan Council [34]
2015 Goodwill Envoy for Public Diplomacy Republic of Korea
2016 Champion of Champions and Best CEO Business Today
2018 Life Time Achievement Award F A D A
2019 Deming Distinguished Service Award JUSE[35] [17]
2020 Padma Bhushan Government of India [36]
2021 Man of the Year Autocar Professional [37]
2023 Outstanding Institution Builder Award Union Minister of Civil Aviation [38]

Criticism[edit | edit source]

Venu Srinivasan has also been criticised on multiple counts when he was the Chairman of Board of Trustees of the Sri Ranganathaswamy temple, Srirangam as head of Thiruppani committee of the Kabaleeswararar Temple, Chennai and a court case is ongoing with regards to unauthorised and illegal demolition of a Siva temple in Thirukurungudi Temple.

Widely publicised complaints by Rangarajan Narasimhan, there are multiple FIRs and court cases against Venu Srinivasan:

  • Illegally being head of trustees, despite not being a hereditary trustee [39]
  • Illegally conducting underground research and not involving the ASI [40]
  • Illegal demolition of various statues inside the Srirangam Temple [40]
  • Venu Srinivasan was the head of the Thiruppani Committee for the Kabaleeswara Swamy temple, Chennai when the peacock Parvathi idol was stolen. He is on anticipatory bail in the ongoing court investigation[41]

References[edit | edit source]

  1. ↑ "TVS appoints Ralf Speth as chairman; Venu Srinivasan to continue as MD". 8 February 2022.
  2. ↑ "Venu Srinivasan". Forbes. Retrieved 11 April 2024.
  3. ↑ Vijayaraghavan, Kala; Vyas, Maulik (1 July 2023). "Tenures of Tata Trusts vice chairmen extended". The Economic Times. Retrieved 11 April 2024.
  4. ↑ "Anand Mahindra, Venu Srinivasan to be honoured with Padma Bhushan; Naukri.com founder to get Padma Shri". The Economic Times. 26 January 2020. Retrieved 26 January 2020.
  5. ↑ "MINISTRY OF HOME AFFAIRS" (PDF). padmaawards.gov.in. Retrieved 25 January 2020.
  6. ↑ SST (1 April 2015). "Srinivasan Services Trust". SST. Retrieved 1 April 2015.
  7. ↑ "Anand Mahindra, Ravindra Dholakia, Venu Srinivasan, Pankaj Patel appointed to RBI Board". Economic Times. 14 June 2022. Retrieved 13 February 2023.
  8. ↑ "'Indian customer is not aggressive in his demands' (Interview with Venu Srinivasan)". Rediff.com. 29 July 1999. Retrieved 8 June 2010.
  9. ↑ Aruna Natarajan (30 August 2018). "Why alumni of Chennai's College of Engineering, Guindy are a worried lot today". Citizen Matters.
  10. ↑ "Warwick's doctorate to Venu Srinivasan". The Times of India. 16 July 2004. ISSN 0971-8257. Retrieved 3 August 2023.
  11. ↑ "Purdue University honours TVS Motor Co's Venu Srinivasan". Autocar Professional. Retrieved 3 August 2023.
  12. ↑ "Mr. Venu Srinivasan - Doctor of Management - Purdue University". www.purdue.edu. Retrieved 3 August 2023.
  13. ↑ 13.0 13.1 "TVS Motor Company Ltd – Executive Profile: Venu Srinivasan". BusinessWeek. Retrieved 8 June 2010.{{cite web}}: CS1 maint: deprecated archival service (link)
  14. ↑ "TVS Targets 24% Of Market Share This Fiscal". Financial Express. 19 August 2002. Retrieved 28 November 2011.
  15. ↑ "Sundaram Clayton bags Deming Prize". Business Standard India. Business Standard. 23 October 1998. Retrieved 8 June 2010.
  16. ↑ "TVS Motor Bags Deming Award For Quality Management". Financial Express. 3 November 2002. Retrieved 8 June 2010.
  17. ↑ 17.0 17.1 "2019 Deming Prize Winners". Deming Prize.
  18. ↑ "Deming Award definition". Deming Prize.
  19. ↑ Announcement (27 March 2009). "Mr Venu Srinivasan is new CII President". Business Standard India. Retrieved 29 April 2022.
  20. ↑ "Padma Awards" (PDF). Ministry of Home Affairs, Government of India. 2015. Archived from the original (PDF) on 17 November 2017. Retrieved 21 July 2015.
  21. ↑ "Venu Srinivasan Conferred Award". The Hindu. 25 January 2010. Retrieved 19 January 2012.
  22. ↑ "Venu Srinivasan gets Ishikawa-Kano award". Business Line. 1 August 2012. Retrieved 19 January 2012.
  23. ↑ "Venu Srinivasan appointed honorary commanding officer of Korean naval vessel". Thehindubusinessline. 18 November 2014. Retrieved 13 February 2023.
  24. ↑ "TVS Chairman conferred honorary citizenship of Busan". Thehindubusinessline. 18 December 2014. Retrieved 13 February 2023.
  25. ↑ "India's 100 Richest".
  26. ↑ "Mr Venu Srinivasan is new CII President". Business Standard. 27 March 2009. Retrieved 12 November 2011.
  27. ↑ "TVS head Venu Srinivasan bags JRD Tata Award". Economic Times. 4 February 2005. Archived from the original on 6 June 2012. Retrieved 12 November 2011.
  28. ↑ "Honorary Doctorate for TVS Motors' Venu Srinivasan". The New Indian Express. 22 May 2014. Retrieved 12 November 2011.{{cite news}}: CS1 maint: deprecated archival service (link)
  29. ↑ "Padma awardees Venu Srinivasan, Manoharan overwhelmed". MSN News. Archived from the original on 15 June 2012. Retrieved 12 November 2011.
  30. ↑ "Venu Srinivasan conferred award". MSN News. Chennai, India. 25 January 2010. Retrieved 12 November 2011.
  31. ↑ "Awardees of 2012 Ishikawa-Kano Award". ANQ Congress 2012. Hong Kong. 3 August 2012. Retrieved 19 January 2012.
  32. ↑ "Purdue University, USA Honours Mr. Venu Srinivasan". Purdue University 2012. United States of America. 19 May 2014. Retrieved 19 May 2014.
  33. ↑ "Venu Srinivasan appointed commanding officer of Korean naval vessel". Economic Times. 19 November 2014. Archived from the original on 21 November 2014. Retrieved 19 November 2014.
  34. ↑ "TVS Chairman Venu Srinivasan conferred honorary citizenship of Busan". Economic Times. 18 December 2014. Retrieved 18 December 2014.
  35. ↑ "Union of Japanese Scientists and Engineers". JUSE.
  36. ↑ "Anand Mahindra, Venu Srinivasan to be honoured with Padma Bhushan; Naukri.com founder to get Padma Shri". The Economic Times. 26 January 2020. Retrieved 26 January 2020.
  37. ↑ "Venu Srinivasan is Autocar Professional's Man of the Year 2021".
  38. ↑ "Outstanding Institution Builder Award".
  39. ↑ "Rangarajan Narasimhan vs The State Of Tamil Nadu on 19 January, 2022".
  40. ↑ 40.0 40.1 "Scion of TVS Group in trouble".
  41. ↑ "Idol theft case: Anticipatory bail granted to Venu Srinivasan". 29 November 2018.

External links[edit | edit source]

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