Industrialist and former chairman of Usha Worldwide Siddharth Shriram handed away on Monday resulting from COVID-19, in keeping with folks near the household. Shriram (76), who served as advisor to the board of Usha Worldwide after stepping down from government position, was admitted to Medanta Hospital in Gurgaon for remedy of COVID-19. A multi-faceted industrialist, Shriram served because the Chairman of Mawana Sugars Ltd apart from being the Chairman of Usha Worldwide, recognized for its stitching machines and residential home equipment.
He had led the Usha Internartional group in forming two joint ventures with Japan’s Honda for passenger automobiles and energy merchandise. Nevertheless, in August 2012, Usha Worldwide exited from its then three way partnership Honda Siels Vehicles India, by promoting its total 3.16 per cent stake to the Japanese companion for Rs 180 crore.
Later, final yr in April, Honda Motor Co and Usha Worldwide terminated their over two-decade previous three way partnership — Honda Siel Energy Merchandise, thus placing an finish to their lengthy relationship. He was additionally the chairman of Delhi Coverage Group, a assume tank with a major deal with worldwide and strategic problems with important nationwide curiosity.
Born on January 18, 1945, Shriram was schooled in Welhem College and the Doon College at Dehradun, graduated in English Literature from St. Stephens School, Delhi College. He was additionally a Sloan Fellow at MIT, USA. Shriram had additionally held administrative positions in varied sporting and business associations. In sports activities, he was know for his help to golf specifically.