Friday, April 11, 2008

Suresh Krishna is a safe bet

Suresh Krishna, Chairman and MD of Sundaram Fasteners Ltd., is a shy industrialist. You hardly hear of him outside the industry circles. Yet he delivers, year after year to all his stakeholders.
Here he is, pulling straws quietly from under his hat.

TVS Logistics Ltd., part of $5 billion TVS group has raised private equity of Rs 100 crore from Goldman Sachs to support its expansion plan. It plans to grow its presence finished goods transportation segment inorganically. TVS Logistics Services is also into commutation solutions for staff transportation and seeks to expand its current fleet strength from 200 buses to 1,000 buses within next two years. Currently TVS Logistics and its joint ventures turnover was around Rs 340 crore. Domestic business contributed Rs 240 crore, while its global business contributed Rs 100 crore.

I’ve been a long term investor in SFL and Suresh Krishna has never let me down. I wish him good luck with his TVS logistics venture as well. My bets are on his scrupulousness and diligence.

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