How long can Ajay Srinivasan stay at Aditya Birla Capital?

Amid wealth erosion, sluggish growth, management churn and constant controversies, the CEO’s days might just be numbered.

Kumar Mangalam Birla’s losses in the telecom business are well documented. Compared to that, the damage from his Aditya Birla Group’s financial services play may be less spectacular. But in the past four years, the value of the group’s holdings in Aditya Birla Capital have fallen more than Rs 23,000 crore. 

At the same time, Aditya Birla Capital CEO Ajay Srinivasan has been paid a total of more than Rs 100 crore in the same four years. Srinivasan has little to show for his 14-year stint at the helm of the financial services business of one of the oldest conglomerates …

Author

Furquan Moharkan

Furquan leads the banking coverage at The Morning Context. A business journalist with eight years of experience and a best-selling author, in his earlier stints as a reporter with the Deccan Herald and a columnist at The Banker, he wrote on banking, financial markets and regulatory affairs. He has extensively covered India's debt market crisis, banking crisis and the fall of Yes Bank.

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furquan@mailtmc.com

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