A New Chapter for India Cements

In a significant development, N Srinivasan has resigned from his roles as vice-chairman and managing director of India Cements, marking the end of his 50-year association with the company. This move follows the company's transition into a subsidiary of UltraTech Cement after its acquisition.

Family Follows Suit

Joining Srinivasan in stepping down are his daughter, Rupa Gurunath, and wife, Chitra Srinivasan, who resigned from their positions as wholetime director and non-independent director, respectively. This collective resignation signifies a complete shift in the company's leadership and governance structure.

Board Reshuffled

The India Cements board has undergone a significant reshuffle, with the appointment of seven additional directors, including key figures from UltraTech Cement. This restructuring aims to steer the company towards new horizons under fresh leadership.

A Legacy of Growth

Under Srinivasan's leadership, India Cements witnessed remarkable growth, expanding its capacity and turnover significantly. His tenure was marked by strategic expansions and a steadfast commitment to the company's success, leaving behind a legacy of resilience and achievement.

Looking Ahead

As the company embarks on a new journey under UltraTech's umbrella, the industry watches closely to see how this transition will shape the future of India Cements. The new management inherits a robust foundation, poised for innovation and growth in the competitive cement industry.