Wendt (India) Limited announced the appointment of Muthiah Venkatachalam as an Additional Director on the company’s Board, with effect from August 2, 2022.
According to the company’s exchange filing, “We wish to inform that the Board of Directors at their meeting held today i.e. Tuesday, 02nd August 2022, have appointed Mr. Muthiah Venkatachalam (DIN: 07045802) as an Additional Director on the Board of the Company pursuant to Section 161 of the Companies Act, 2013.”
Muthiah Venkatachalam is an undergraduate from University of St Andrews, United Kingdom. He has also completed M.A. (Hons.) in Management studies from St Andrews, United Kingdom.
He has over a decade experience in working with different organisations including The Lenton Group (Hong Kong) and The Boston Consulting Group. He is the founder and Director of Social Restaurants Private Limited and holds Directorships in Ceres Enterprises Private Limited and Murugappa Educational and Medical Foundation. He was also involved in setting up of a dedicated team to build the Agency Channel for Retail Health Insurance for operating from 600 branches across India for Cholamandalam MS General Insurance Company Limited.
Wendt (India) Limited (WIL) was incorporated in 1980 as a Joint Venture between Wendt GmbH and The House of Khataus. In 1991, Carborundum Universal Ltd (CUMI), 5.3 billion USD Billion Murugappa Group Company acquired the Khatau’s stake in the business. Currently, Wendt GmbH and CUMI holds 37.5% each in WIL and the public holds balance 25% equity.
HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.