K.E. Ranganathan, till recently a senior executive at the $4.4 billion Murugappa Group, has joined TVS Capital Funds as an operating partner and will be based at its Chennai office. TVS Capital manages Rs 1,100 crore in mid-market-focused growth equity fund.
The new hiring comes after TVS Capital announced the joining of former Manipal Global Education CEO Anand Sudarshan and former Yum Restaurants’ MD Sandeep Kohli as fund advisors or venture partners last month. Last month, TVS Capital also roped in former Dabur CFO S. Raghunathan as executive director and COO who would work with its portfolio companies.
Ranganathan has more than 28 years of experience including his last assignment as the CEO of the Diversified Business Group (DBG) of the Murugappa Group. He started his career with the TVS Group company Sundaram Clayton in 1984 and handled various assignments within the group. He joined Murugappa in 1994 and after serving in various senior positions, became the managing director of the JV between Parryware and Roca of Spain in 2005.
After the successful exit of the JV in 2008, Ranganathan became the CEO of DBG that spans areas such as food products, packaging, plantations, infrastructure and services.
A chartered accountant and a company secretary, Ranganathan was awarded the Fulbright Scholarship in 2000 at Carnegie Mellon University, USA, and also received the Udyog Rattan Award from the Institute of Economic Studies, New Delhi, in June 2007.
“We are delighted to have Ranganathan back as he started his career in 1984 with the TVS Group. He has been very successful in handling key responsibilities, both for TVS and for the Murugappa Group. We believe his wealth of experience will prove to be a big asset to the fund,” said Gopal Srinivasan, chairman and MD of TVS Capital.