Dr. Jairam Varadaraj (Managing Director): Dr. Jairam Varadaraj serves as the Managing Director of Elgi Equipments Ltd. and Board Member of Elgi Ultra Industries Ltd., Elgi Rubber Co., Magna Electro Castings, Precot Meridian Ltd. and Thermax Ltd. Dr. Varadaraj is a third-generation entrepreneur from the illustrious business family of LRG Naidu. For nearly 30 years, Dr. Varadaraj has led and guided the organisation’s business interests in textiles, polymers, mechanical machines and consumer appliances. Prior to this, he was engaged in teaching and research in the United States. Dr. Varadaraj is the former Chairman of the Tamil Nadu State Committee of the Confederation of Indian Industry (CII) and past member of the Southern Region Council of CII. He holds a master’s degree in Business Administration from George Washington University, USA, and a PhD in international business from the University of Michigan, USA. He also enjoys the distinction of holding four patents in the fields of compressors, drive belts, consumer appliances and food manufacturing.
Anvar Jay Varadaraj: Anvar Jay Varadaraj serves as an Executive Director of Elgi Equipments Limited and is part of the fourth generation of the promoter group of ELGi. Following undergraduate degrees in Economics and Philosophy at the University of Michigan, Ann Arbor, Anvar began his professional career at Target Corporation in Minneapolis. At Target, Anvar started in finance and strategic audit prior to supporting Target's Pharmacy Operations business. In 2013, Anvar pursued his MBA at Cornell University specializing in marketing and brand management. Following his MBA, Anvar spent two years at Mars Chocolate North America, supporting the Snickers Brand. During his tenure at Mars, Anvar oversaw the launch of Snickers Bites, the relaunch of Snickers Peanut Butter, while leading financing reporting for the brand. Anvar started with ELGi in 2015, where he established ELGi's marketing and communications function and activities to build the ELGi brand and support the company's "CK2" aspiration.
Independent Directors
Srinivasan Krishnamurthi: Srinivasan is a Fellow of the Institute of Chartered Accountants of India and also has a Bachelor's degree in Chemistry from the University of Madras. He has also passed the Certified Information Systems Auditor (CISA) examination. He worked with PricewaterhouseCoopers (“PwC”) for over 30 years including 23 years in Dubai and two years in Muscat. Srini was a senior Assurance Partner in Dubai/India and had been the audit engagement leader on a number of large/complex clients in different industries/sectors including banking, engineering and construction, manufacturing and oil and gas. Srini has also managed assignments in Azerbaijan, Bahrain, Egypt, Saudi Arabia, UK and USA. He has successfully led the large IFRS conversion project for the national oil and gas company of Saudi Arabia and the IFRS conversion strategy and impact analysis for the national telecom company of the United Arab Emirates.
Ravindran Srinivasan: Ravindran is a Graduate of Madras University and PGDM from Indian Institute of Management Calcutta with specialisation in Finance. He has over 20 years of experience in Finance, Treasury, Corporate Planning and M&A in large Indian and Multinational Corporations. Started career in Associated Cement Companies Limited. Handled Treasury, Project Finance, M&A, Financial Planning and fund raising for the Company. Was also the CFO for an ACC-Siemens Joint Venture in the electronics component industry. His last position held was Director Finance, Regional Office Far East, Novo Nordisk A/S. heading the Finance, Accounting, Legal and IT functions for Novo Nordisk Affiliates in India, Korea, Taiwan, Thailand, Singapore, Malaysia, Bangladesh, Vietnam, Philippines etc.
