Shriram Transport Finance Company Limited at its board meeting held on July 28, 2022 taken on record the retirement of Mr. Vivek Madhukar Achwal (ACS 8061), Company Secretary and Compliance Officer of the Company with effect from the close of business hours on August 31, 2022, upon his attaining the age of superannuation and approved the appointment of Mr. U. Balasundara Rao (ACS A40941) as Company Secretary and Compliance Officer of the Company with effect from September 1, 2022 based on the recommendation of the Nomination and Remuneration Committee. Mr. U Balasundara Rao holds a Bachelor's Degree in Engineering from Andhra University, Visakhapatnam. He is Associate member of The Institute of Company Secretaries of India (ICSI) and an Associate member of The Institute of Cost Accountants of India (ICMAI).

He also holds Fellowship in Insurance Institute of India (III). He has completed Executive Development Program in Indian Institute of Management (JIM), Ahmedabad. Mr. U Balasundara Rao started his career with Shriram group as an Executive Trainee in 1994 and has been associated with Shriram group for last 28 years.

He is currently designated as Chief Information Officer (CIO). He is also designated as Key Managerial Personnel and is playing the role of Company Secretary -- Designate in accordance with the succession policy of the Company. He has gained an extensive experience in the group carrying out various key responsibilities in the areas of MIS, Accounts & Audit, Credit Administration, Branch Operations and Insurance Management.