V Krishnamurthy, former chairman of steel PSU SAIL and Maruti Udyog Ltd (now Maruti Suzuki), passed away on Sunday at the age of 97 in Chennai.
Krishnamurthy died at his home in Chennai, one of his former colleagues said, according to a statement from SAIL. His last rites will be performed on Monday.
V Krishnamurthy was the chairman of SAIL from 1985 to 1990.
“The SAIL family deeply mourns the sad passing of Padma Vibhushan Dr. Venkataraman Krishnamurthy, ex-chairman of SAIL, on June 26, 2022,” the message read.
He also chaired many other PSUs, SAIL said. The idustry veteran was also the chairman of Bharat Heavy Electricals Ltd (BHEL), Maruti Udyog and GAIL.
The Chairman of Maruti Suzuki India, R.C. Bhargava, described Mr. Krishnamurthy as an outstanding leader and a visionary, under whose leadership the entire Maruti Udyog project was carried out and an entirely new Japanese working culture was introduced in India.
On a personal level, Mr Bhargava said that V Krishnamurthy was “responsible for my transition from government services to industry. Had he not been there, I would have remained alone in administration.” TVS Chairman Venu Srinivasan said: “Dr. V. Krishnamurthy has been my mentor from the moment I started working and throughout my career. He played an important role in helping build the TVS MOTOR business.
“He was one of the greatest leaders in Indian industry. His contribution to India’s growth was immeasurable.”