Venu has only a year's experience, having joined the firm in December 2011. He is the son of Venu Srinivasan, chairman and managing director of TVS Motor, and is already a director of the holding company, Sundaram Clayton
The company has approached shareholders with a special resolution as the Companies Act, 1956, requires it to be passed if the board member is below 25 years.
IiAS cited instances of other scions such as Rajiv Bajaj of Bajaj Auto who was co-opted on the board only after being groomed for over a decade, in various junior positions in the Pune-based two-wheeler company. In the case of Rishad Premji, 35 years, IiAS said he is yet to join the Wiproboard and is currently serving as the chief strategy officer of Wipro's IT business, this despite Azim Premji, Rishad's father owning close to 78% stake in the company.
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