Tube Investments of India Limited announced that at its meeting held on March 15, 2017, appointed, on the recommendations of the Nomination & Remuneration Committee, Mr. Vellayan Subbiah as an Additional Director on the Board and as the Managing Director (Designate) of the company with effect from August 19, 2017. He will take over as the Managing Director of the company on the completion of term by Mr. L Ramkumar, the present Managing Director. Mr. Vellayan professional experience includes a 6 year stint with McKinsey, Chicago and Association with 24/7 Customer Inc., Las Gatos and The Carlyle Group.

He later joined the Murugappa Group in 2005, steering its BPO arm, Laserwords as its Managing Director till 2010 and has been the Managing Director of Cholamandalam Investment and Finance Company Ltd, since 2010.