Page 2 - Bindu Ananth News Today : Breaking News, Live Updates & Top Stories | Vimarsana

(Bloomberg) -- He built a fortune lending to low-income borrowers shunned by banks. He paid staff below-market wages and thought they still earned too much. He gave away almost all his wealth to a handful of employees, content with his small house and a $5,000 car.Most Read from BloombergWeWork Tumbles After Raising ‘Substantial Doubt’ About FutureEveryone Wants to Work at UPS After Teamsters DealUS Bank Shares Drop as Moody’s Cuts Ratings, Warns on RisksWall Street WhatsApp, Texting Fines Excee

He built a fortune lending to low-income borrowers shunned by banks. He paid staff below-market wages and thought they still earned too much. He gave away almost all his wealth to a handful of employees, content with his small house and a $5,000 car.

R Thyagarajan expanded financial access to India’s unbanked

R Thyagarajan expanded financial access to India’s unbanked

Shriram Group's R Thyagarajan is arguably one of the worlds most idiosyncratic financiers — in no small part because his multibillion-dollar business has thrived in an industry that tripped up countless others around the globe. A pioneer in extending credit to Indias poor for trucks, tractors and other vehicles, Thyagarajan built Shriram into a conglomerate that employs 108,000 people in everything from insurance to stockbroking.