Mallika Srinivasan stands out as one of the few female industrialists who holds significant authority in a prominent multi-crore manufacturing empire.
Known as the “Tractor Queen” of India, Mallika Srinivasan is recognized for her remarkable achievements. She has been honored with the prestigious Padma Shri award and holds a prominent position as one of the few female industrialists leading a highly successful multi-crore manufacturing empire. Serving as the Chairman & Managing Director of TAFE (Tractors and Farm Equipment Limited), she spearheads the operations of India’s second-largest tractor company, surpassed only by Mahindra Tractors in terms of revenue and sales volume.
Mallika Srinivasan, born in 1959, displayed exceptional academic prowess from an early age. She pursued her higher education at Madras University before attaining an MBA degree from the prestigious Wharton School at the University of Pennsylvania in the United States. In 1986, Mallika embarked on her professional journey by joining the family business, which was established by the renowned late industrialist S. Anantharamakrishnan. Anantharamakrishnan is credited with playing a significant role in transforming Chennai into the “Detroit of India.”
As Mallika advanced in her career, she initiated a significant technology-driven transformation at TAFE. Through her leadership, the 64-year-old propelled the company to achieve the remarkable feat of becoming the world’s third-largest tractor manufacturer, with a turnover surpassing Rs 10,000 crore.
Under Mallika’s visionary leadership, TAFE made significant strategic acquisitions. In 2022, the company sealed a substantial Rs 400 crore deal to acquire the Indian business of Faurecia, a renowned French firm. Additionally, in 2018, TAFE acquired the iconic Serbian tractor brand, Industrija Masina i Traktora (IMT). To further strengthen TAFE’s capabilities, Mallika forged a joint venture with the prominent US agro-equipment giant, AGCO. Together, they successfully market the widely popular Massey Ferguson tractors. Mallika’s astute decision-making and business acumen have propelled TAFE to new heights in the industry.
As an esteemed industrialist, Mallika Srinivasan holds prominent positions on various esteemed boards. She serves on the Governing Board of the Indian Institute of Technology (IIT) in Chennai, the Executive Board of the Indian School of Business (ISB) in Hyderabad, and prestigious corporations such as AGCO, Tata Steel, and Tata Global Beverages. Adding to her illustrious portfolio, Mallika was recently appointed to the board of directors for the billion-dollar startup Swiggy. Her extensive board memberships reflect her expertise and influence across multiple sectors.
Mallika Srinivasan is affiliated with the distinguished Amalgamations family, a renowned business clan in South India known for their substantial wealth, estimated at $3.4 billion. Furthermore, Mallika Srinivasan is married to Venu Srinivasan, who holds the position of Chairman and Managing Director at TVS Motors, adding to their shared influence and prominence within the business world.