POWERFUL WOMEN
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Mallika Srinivasan,
Chairperson, TAFEage: 55
Srinivasan is the only other woman running a tractor business of some scale in the world. TAFE, with 5,000 employees and $1 billion in revenue, has grown to be the third largest in its sector globally. In India, it is at No. 2 (after M&M)—helped by the acquisition of Eicher Motors’ tractor business for Rs 310 crore back in 2005, and a plant in Turkey last year. Srinivasan plans to set up another plant in India that will add 50,000 units to the production capacity of 150,000, by 2012. Add to this TAFE’s diversified play into auto components, diesel engines, transmission, batteries, and even tea plantations in the Nilgiri Hills. She emphasises “long-term relationships” as part of the group’s business philosophy, and credits her learning from father A. Sivasailam (Amalgamations Group) and husband Venu Srinivasan (TVS Motors) for her success. Did we mention her Wharton MBA?
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