As an esteemed lead architect, Dr Lakshmi Venu has led the successful expansion of Sundaram-Clayton’s global footprint and endeavored to make the company a competitive foundry in the world. She will now serve the Company as the Managing Director and take it forward toward the new growth chapters in Automobile Industry.
Sundaram-Clayton Ltd (SCL), a TVS Group Company is pleased to appoint Dr Lakshmi Venu as its new Managing Director, who was formerly the Joint Managing Director of the company. Leading the company from the front for more than a decade, she has contributed to the expansion of the company’s global footprint. She also played a significant role in establishing trusted business relations with Cummins, Hyundai, Volvo, Paccar and Daimer, who are SCL’s major customers.
Welcoming her appointment, Venu Srinivasan, Chairman Emeritus, Sundaram-Clayton Ltd said, “Lakshmi’s focus and dedicated efforts over the last ten years have seen the Company do a turnaround in quality, profitability, and building relationship with OEMs. She has spearheaded the establishment of our US operations which have commenced activities recently. We are confident that under her leadership, Sundaram-Clayton will see its rise globally.”
She has also been credited for the decision to set up a foundry in the US in the year 2019 in Dorchester, South Carolina, at a time when US-based customers were looking for the on-shore foundry to reduce the supply chain risks and cut down the carbon emission. Dr Lakshmi’s new appointment has been lined up with the appointment of Sudarshan Venu as Managing Director of TVS Group, which was held recently.
Dr Lakshmi pursued her graduation from Yale University and she holds a Doctorate in Engineering Management from the University of Warwick. She took her initial training in Sundaram Auto Components, a subsidiary of TVS Group. As the Joint MD of the company since 2010, She had contributed to the Business Strategy, Corporate Affairs, Product Design and Sales & Marketing segment of the company.
Speaking on her achievement, Dr Lakshmi Venu, the new Managing Director of SCL stated, “It is indeed an honor 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, and challenging and presents new opportunities. We have an excellent team and together, we look forward to strengthening Sundaram Clayton in India and globally.”
“I am grateful for the mentorship that I received from Venu Srinivasan and R Gopalan (Current Chairman) who will always remain our beacon lights,” she remarked. SCL is a global leader in the manufacturing of Machined Aluminum Die- Casting, Castings for Passenger Cars, Commercial Vehicles and Two-wheeler Industries in India as well as globally. With recent new appointments for top executive roles, the company aims to further scale its leadership as stated in its vision statement.
