Ravimohan passes away

Written by fe Bureau | Mumbai | Updated: Dec 30 2009, 06:18am hrs
R Ravimohan, 52, who had recently joined Reliance Industries as executive director, passed away here late on Monday night after a cardiac arrest. He was taking an evening walk on Marine Drive when he suffered the heart attack.

We are deeply saddened by the sudden loss of Ravimohan. He was a keen supporter of Reliance Industries and a very dear friend," said company chairman Mukesh Ambani.

Before joining Reliance Industries in September, Ravimohan was associated with Crisil and Standard & Poors in different capacities for the last 15 years. As chairman, he is credited with building Crisil into the largest rating, financial and business research and advisory service company in India. He was also Standard & Poor's MD & regional head for South & Southeast Asia.

A chemical engineer who completed an advanced management programme from Harvard Business School, Ravimohan was a member of several key financial sector committees, including those of market regulator Sebi and central bank RBI. He was also on the Raghuram Rajan Committee on financial sector reforms.

What made Ravimohan an outstanding leader is that he empowered his colleagues and encouraged them to think independently, said Roopa Kudva, MD & CEO of Crisil and regional head, South Asia, S&P. She said that during the 13 years when he headed Crisil, Ravimohan set a formidable vision for the rating agency, which developed into a global delivery analytic platform where research, advisory solutions and KPO businesses contributed enormously. Ravimohan is survived by wife Madhuralakshmi, daughter Hridaya and son Jagad.