TVS Group company Sundaram Clayton has appointed Lakshmi Venu and Sudarshan Venu as Joint Managing Directors of the company, according to a press release.

Lakshmi Venu, who has been redesignated, was previously Director – Strategy in the rank of managing director of the automobile components manufacturing company.

Sudarshan Venu was a non-executive director prior to the present appointment.

The board took the decision considering the increasing business of the company and its subsidiaries. Sundaram Clayton is a manufacturer of aluminium pressure die casting components for the automobile industry. The company reported a revenue of Rs 1,232 crore in 2013-14.

Lakshmi and Sudarshan will work under the advice and guidance of their father, Venu Srinivasan, the Chairman and Managing Director of the company.

The announcement follows Sudarshan being made a Joint Managing Director of TVS Motor, the two wheeler manufacturer, a subsidiary of Sundaram Clayton, on Wednesday. Lakshmi was made a non-executive director on the board of TVS Motor.