Venu Srinivasan

$5.27 B

Ranked #784 in World

About Venu Srinivasan

Venu Srinivasan, esteemed Indian industrialist and Chairman Emeritus of TVS Motor Company and Sundaram-Clayton Limited, is renowned for his significant contributions to India's automotive industry and societal development. A key figure on the boards of Tata Sons Ltd., Tata Trusts, and a Director on the Reserve Bank of India's Central Board since 2022, Srinivasan has played a pivotal role in the growth of TVS Motor Company. Notably, under his leadership, the company introduced India's first indigenously built four-stroke motorcycle, TVS Victor, after ending a partnership with Suzuki in 2001. Srinivasan, who began his journey as Sundaram-Clayton's managing director in 1979, is also the driving force behind the Srinivasan Services Trust (SST), benefiting over 2500 villages across India through initiatives in water conservation, livelihoods, and environmental preservation. Despite facing criticism and legal issues related to his temple restoration and management activities, Srinivasan's impact on India's trade, industry, and cultural heritage remains undisputed, earning him prestigious awards including the Padma Shri in 2010 and the Deming Distinguished Service Award in 2019 for his contributions to Total Quality Management.

Born

December 11, 1952

Age

73 years

Source Of Wealth

Two-wheelers

Industries

Automotive

Citizenship

India

Residence

Chennai

Education

Bachelor of Engineering, Anna University, Chennai, India; Master of Business Administration, Purdue University

Spouse

Mallika Srinivasan

Children

Lakshmi Venu, Sudarshan Venu

Venu Srinivasan, an eminent Indian industrialist, was born into a prominent business family in India. His grandfather, T. V. Sundaram Iyengar, founded the TVS Group, a conglomerate with diverse interests in the automotive, finance, and logistics sectors.

Venu Srinivasan: Family

Venu Srinivasan is the grandson of T. V. Sundaram Iyengar, the founder of the TVS Group. He is married to Mallika Srinivasan, who is also a successful businesswoman and the Chairperson of TAFE - Tractors and Farm Equipment Limited.

Venu Srinivasan: Career Highlights

Venu Srinivasan's career is marked by several notable achievements. He became the Managing Director of Sundaram-Clayton in 1979 and later assumed the role of Chairman of TVS Motor Company. Under his leadership, TVS Motor Company underwent a remarkable transformation, overcoming labor challenges and implementing Total Quality Management (TQM) principles. This led to the launch of TVS Victor, India's first indigenously built four-stroke motorcycle, after ending the partnership with Suzuki in 2001.

Venu Srinivasan: Companies

Venu Srinivasan is associated with several prominent companies. He serves as the Chairman Emeritus of TVS Motor Company and Sundaram-Clayton Limited. He is also a Director on the Central Board of Reserve Bank of India and serves on the board of Tata Sons Ltd. and Tata Trusts.

Venu Srinivasan: Major Achievements

Venu Srinivasan's major achievements include scripting a turnaround for TVS Motor Company in the late 1980s, leading to the company's growth and success. Under his leadership, Sundaram-Clayton's brakes division and TVS Motor Company won the prestigious Deming Prize, recognizing their commitment to quality management. He also received the Deming Distinguished Service Award in 2019 for his contributions to Total Quality Management.

Venu Srinivasan: Awards & Achievements

Venu Srinivasan has received numerous awards and honors throughout his career. He was elected as the President of the Confederation of Indian Industry (CII) for 2009-10. In 2010, he was conferred the Padma Shri Award, one of India's highest civilian honors, for his contributions to trade and industry.

He is also the Goodwill Envoy for Culture and Diplomacy of the Republic of Korea and was honored with the Order of Diplomatic Service Merit by South Korean President Lee Myung-bak in the same year. Additionally, he received the Ishikawa-Kano Award from the Asian Network for Quality (ANQ) in 2012 and was appointed Honorary Commander of the Korean Naval vessel, ROKS Choi Young (DDH-981). In 2014, he was conferred honorary citizenship by the Mayor of Busan Metropolitan City.

Venu Srinivasan: Personal Life & Legacy

Venu Srinivasan is known for his philanthropic endeavors through the Srinivasan Services Trust (SST). The trust works in over 2500 villages in India, focusing on societal development, water conservation, livelihoods, and environmental preservation. He is also the former Chairman of the Board of Trustees of the Srirangam Sri Ranganathaswamy Temple and has supported restoration work at the complex and other ancient temples in India.

Venu Srinivasan: Trivia

Venu Srinivasan has faced criticism and controversies related to his roles as Chairman of the Board of Trustees of Sri Ranganathaswamy Temple and head of the Thiruppani committee of Kabaleeswararar Temple. These include allegations of unauthorized demolition of temples, illegal research, and involvement in the theft of an idol. These matters are currently being addressed through legal proceedings.

Wealth History

Timeline

Venu Srinivasan, an Indian industrialist, serves as Chairman Emeritus of TVS Motor Company and Sundaram-Clayton Limited.

He holds positions on the board of Tata Sons Ltd., Tata Trusts, and serves as a Director on the Central Board of Reserve Bank of India.

Srinivasan established and oversees Srinivasan Services Trust (SST), which focuses on societal development, water conservation, livelihoods, and environmental preservation in over 2500 villages in India.

As the former chairman of the Board of Trustees of the Srirangam Sri Ranganathaswamy Temple, he supported restoration work at the complex and other ancient temples in India.

2022

Venu Srinivasan was appointed as a non-official director on the Central Board of Reserve Bank of India.

Srinivasan is the grandson of TVS Group founder T. V. Sundaram Iyengar.

He obtained a Master of Science in management from Purdue University after graduating from College of Engineering, Guindy.

Srinivasan received honorary doctorates from Purdue University, University of Warwick, and Indian Institute of Technology (IIT) Kharagpur.

1979

He became the managing director of Sundaram-Clayton and later assumed the role of chairman of TVS Motor Company.

Srinivasan led a successful turnaround for TVS Motor Company in the late 1980s, addressing labor issues and implementing Total Quality Management (TQM).

2001

He ended the partnership with Suzuki, resulting in the launch of TVS Victor, India's first indigenously built four-stroke motorcycle.

1998

Under Srinivasan's leadership, Sundaram-Clayton's brakes division won the prestigious Deming Prize.

2002

TVS Motor Company, under his guidance, became the first two-wheeler company to win the Deming Prize.

2019

Srinivasan received the Deming Distinguished Service Award for his contributions to Total Quality Management.

2009-2010

He served as the President of the Confederation of Indian Industry (CII).

2010

Srinivasan was honored with the Padma Shri Award for his contributions in trade and industry.

He was appointed as the Goodwill Envoy for Culture and Diplomacy of the Republic of Korea.

2010

South Korean President Lee Myung-bak bestowed upon him the Order of Diplomatic Service Merit.

2012

Srinivasan received the Ishikawa-Kano Award from the Asian Network for Quality (ANQ).

He was appointed as the Honorary Commander of the Korean Naval vessel, ROKS Choi Young (DDH-981).

2014

Srinivasan was conferred honorary citizenship by the Mayor of Busan Metropolitan City.

Srinivasan faced criticism during his tenure as Chairman of the Board of Trustees of Sri Ranganathaswamy temple and head of the Thiruppani committee of Kabaleeswararar Temple.

He is involved in an ongoing court case regarding the unauthorized demolition of a Siva temple in Thirukurungudi Temple.

Srinivasan has been accused of illegally holding the position of head of trustees, conducting underground research without involving the Archaeological Survey of India (ASI), and illegally demolishing statues in Srirangam Temple.

While heading the Thiruppani Committee for Kabaleeswara Swamy temple in Chennai, he was implicated in the theft of a peacock Parvathi idol.

Venu Srinivasan : FAQs

What is Venu Srinivasan's current net worth?

Venu Srinivasan's current net worth is $5.27 billion.

What is Venu Srinivasan's current global rank among billionaires?

Venu Srinivasan holds the 784th position globally among billionaires.

What is Venu Srinivasan's current ranking within the India?

Venu Srinivasan holds the 31st position in India.

What was the change in Venu Srinivasan's net worth compared to the previous year?

Venu Srinivasan's net worth decreased by 738.33 million dollars compared to the previous year 2025, when his net worth was 6.01 billion dollars.

What are Venu Srinivasan's main sources of wealth?

Venu Srinivasan's main source of income comes from Two-wheelers.

In which industry does Venu Srinivasan primarily operate?

Venu Srinivasan is primarily involved in the Automotive industry.

What is Venu Srinivasan educational background?

Venu Srinivasan holds a Bachelor of Engineering from Anna University from Chennai from India and a Master of Business Administration from Purdue University.

How old is Venu Srinivasan?

Venu Srinivasan is 73 years old.

How many children does Venu Srinivasan have?

Venu Srinivasan has 2 children.

Who is Venu Srinivasan and what are his major contributions to Indian industry?

Venu Srinivasan is an Indian industrialist, Chairman Emeritus of TVS Motor Company, and Sundaram-Clayton Limited. He has greatly contributed to the automotive industry, implemented Total Quality Management (TQM), and led his companies to win the Deming Prize. Srinivasan also actively participates in societal development through the Srinivasan Services Trust, focusing on water conservation, livelihoods, and environmental preservation.

What are the educational qualifications of Venu Srinivasan?

Venu Srinivasan holds a graduate degree from College of Engineering, Guindy, and a Master of Science in management from Purdue University. He has been awarded the Doctor of Management from Purdue University, Doctor of Science from the University of Warwick, and an honorary degree from Indian Institute of Technology (IIT) Kharagpur.

How has Venu Srinivasan contributed to the field of quality management in the automotive industry?

Venu Srinivasan led a turnaround for TVS Motor Company by overcoming labor troubles and implementing Total Quality Management (TQM). Under his leadership, Sundaram-Clayton's brakes division and TVS Motor Company won the Deming Prize, making TVS the first two-wheeler company to achieve this. He received the Deming Distinguished Service Award in 2019 for his contributions to TQM.

What awards and honors has Venu Srinivasan received for his contributions in trade, industry, and diplomacy?

Venu Srinivasan was conferred the Padma Shri Award in 2010, elected President of the Confederation of Indian Industry (CII) for 2009-10, and received the Order of Diplomatic Service Merit from South Korea. He was also honored as the Goodwill Envoy for Culture and Diplomacy of South Korea and received honorary citizenship from Busan Metropolitan City in 2014.

What controversies and criticisms has Venu Srinivasan faced in his tenure with temple trusts?

Venu Srinivasan faced criticism for unauthorized temple renovations and demolition activities in his tenure with Sri Ranganathaswamy temple and Kabaleeswararar Temple. Accusations include illegal demolition of statues, conducting underground research without involving the Archaeological Survey of India, and involvement in the theft of a peacock Parvathi idol in the Kabaleeswara Swamy temple.