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R Thyagarajan: Billionaire Who Donated Rs 6000 Crore to Employees, Lives Simply Despite Rs 1.5 Lakh Crore Empire
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Billionaire Thyagarajan Donates Rs 6000 Cr to Employees; No Phone, Luxury Car
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Moneycontrol
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13-03-2026, 13:32
Billionaire Thyagarajan Donates Rs 6000 Cr to Employees; No Phone, Luxury Car
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Ramamurthy Thyagarajan, founder of Rs 1.5 lakh crore Shriram Group, donated Rs 6000 crore worth of shares to his employees in 2006.
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Despite immense wealth, he lives simply, owning no smartphone or luxury car, and drives a modest Rs 6 lakh vehicle.
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He co-founded Shriram Chits at 37 to provide loans to truck drivers and small business owners ignored by traditional banks.
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Shriram Group now serves 11 million customers with assets over Rs 1.5 lakh crore, built on community trust, not credit scores.
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Thyagarajan believes in paying employees enough for happiness, fostering a work-focused environment without unhealthy competition.
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