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RIL Director R Ravimohan passes away

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Mr R Ravimohan, Executive Director of Reliance Industries Limited (RIL) and former Chairman of Crisil Limited, passed away here late on Monday evening after a cardiac arrest, sources in the company said.

He was 52. He is survived by his wife, Madhuralakshmi, a daughter and a son. The funeral was scheduled for later today, the sources said.

Mr Ravimohan, who also served as Managing Director and Region Head of Standard and Poor's for South and South-East Asia, was appointed as a wholetime Diretor, designated as Executive Director, of RIL with effect from September 1 this year.

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

Mr Ravimohan was a chemical engineer and had completed the Advanced Management Programme from the Harvard Business School.

He was credited with building Crisil into the largest rating, financial and business research and advisory service company in India. He was closely involved with the modernization of Indian financial system and pioneered the era of electronic stock markets in the country. He was involved in critical policy assignments, including being a member of the Primary Market Advisory Committee of the Securities and Exchange Board of India (SEBI), Technical Advisory Committee and Financial Stability and Stern Test Assessment Committee of Reserve Bank of India and Raghuram Rajan Committee on Financial Sector Reforms.

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