In the dynamic landscape of Indian business, true leadership stands out through resilience, vision, and an unwavering commitment to innovation. Vellayan Subbiah, a scion of the illustrious Murugappa Group and a fourth-generation leader, embodies this spirit of transformative leadership.
Reviving Cholamandalam Investment & Finance
Subbiah’s business transformation journey began in 2010 when he took charge of Cholamandalam Investment & Finance. At the time, the company was struggling to find its footing in a competitive market. Armed with a stellar academic background—a Civil Engineering degree from IIT Madras and an MBA from the University of Michigan—he implemented a strategic overhaul that turned the tide.
Through focused innovation, operational efficiency, and customer-centric growth strategies, Subbiah redefined the company’s trajectory. Fast forward to FY24, Cholamandalam is now a powerhouse in vehicle financing, boasting consolidated revenues of ₹19,420 crore and a profit after tax of ₹3,420 crore. This is a remarkable leap from the modest ₹956 crore in revenues and ₹53 crore profit the company reported when he took the reins.
Diversifying Tube Investments of India
Having proven his mettle at Cholamandalam, Subbiah took on the leadership of Tube Investments of India, another flagship company of the Murugappa Group. With a bold and visionary approach, he steered the company into new-age sectors such as electric mobility and semiconductor manufacturing—ventures previously uncharted for the group.
Under his stewardship, Tube Investments has diversified its portfolio and significantly contributed to the Murugappa Group’s extraordinary growth. In FY24, the group recorded an impressive turnover of ₹77,881 crore and a profit of ₹7,885 crore, setting new benchmarks in Indian industry.
A Legacy of Visionary Leadership
Subbiah’s ability to navigate challenges and create opportunities has earned him widespread acclaim. His leadership is characterized by a rare blend of innovation and pragmatism, ensuring sustainable growth across all ventures. His achievements underscore his dedication to building businesses that adapt to global trends while remaining rooted in sound ethical practices.
Recognizing his outstanding contributions to Indian business, the CNBC-TV18 India Business Leader Awards 2024 honored Vellayan Subbiah with the prestigious title of Outstanding Business Leader of the Year.
Overall, Vellayan Subbiah’s journey is an inspiring testament to how visionary leadership can turn challenges into stepping stones for success. By driving transformation at Cholamandalam and spearheading diversification at Tube Investments, he has cemented his place as one of India’s most impactful business leaders. His story is not just a legacy for the Murugappa Group but also a blueprint for sustainable and innovative business leadership in India.
