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Southern Asiana Industrials Private Limited(SAI-) Logo

Muthiya Venkadesh Removed From Southern Asiana Industrials (sai Pvt Ltd) Board


 
PRLog - Aug. 29, 2014 - CHENNAI, India -- SAI (M/s Southern Asiana Industrials) a pioneer in Engineering related services and the flagship enterprise of A.R.J Arya Venkataraman , has shown red card for Muthiya Venkadesh (a registered member of it’s board of Directors) in it’s last week central meet, held in Chennai.

Considering Muthiya’s protracted in-activeness in the company’s central operations, business development and administration, the board of directors and remuneration committee has alighted Muthiya Venkadesh from SAI’s carrier.

“There were few controversies ascended between A.R.J Arya Venkataraman(CMD) and Mr. Muthiya, earlier to the quarterly audit about the responsibilities and tasks assigned to him in the board and several other internal reasons, which dramatically changed the entire situation. We never expected that a thoughtful leader like Muthiya to be under the Red CARD season.” Says a senior official of SAI Private Limited.

The removal is scheduled to be effected from the December 2014, after reviewing the records and audits for the present FY2014, in MCA, says M.A.Ramaswamy Jeyakumar, Advisor of SAI’s Board of Directors.

“Though the discharge is scheduled to be effected by the end of December, I have ordered the management, remuneration and admin team to freeze Muthiya’s activities and role in the company. He will be present in the board till the scheduled date as ‘non-executive temporary director’ of SAI Private Limited. The dream started with all the founding members of SAI along with Muthiya, but myself and the members of SAI Pvt Limited has no choice. It’s a mandate to show red-card on Muthiya. SAI Pvt Limited is looking at a much more ahead positive progress in the coming years, due to one man’s protracted dormant progress with the board; I’m no willing to compromise the team’s vision and mission. I should seriously appreciate Muthiya’s earlier contributions to the organization. The official note of removal will be soon released for public viewing.” says A.R.J Arya Venkataraman(Chairman & MD, Southern Asiana Industrials Private Limited).

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Source:Southern Asiana Industrials Private Limited
Location:Chennai - Tamil Nadu - India
Industry:Business, Engineering
Tags:SAI Private Limited, SAI Pvt Ltd, Southern Asiana Industrials, ARJ Arya Venkataraman, SAI Group of Companies
Shortcut:prlog.org/12365173
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