R Thyagarajan, a financial maverick from India, has created a legacy unlike any other, having built a business empire while also giving away some $750 million to charitable causes.

His Shriram Group, a multibillion-dollar conglomerate in India, has prospered by providing credit to low-income individuals, a sector that many financial institutions worldwide struggled to navigate.

In an exclusive interview with Bloomberg News, Thyagarajan shared his journey and vision.

<h2>Revolutionising lending</h2>

Thyagarajan's vision led him to create the Shriram Group, which extends credit to India's underserved population, allowing them access to trucks, tractors, and other essential vehicles.

This approach defied the conventional wisdom that lending to people without established credit histories or regular incomes is inherently risky.

He has built a conglomerate spanning various industries, employing over 108,000 people and achieving remarkable success, with its flagship firm's shares surging over 35 per cent&nbsp;this year alone.

He maintains that there's nothing uncommon about his business strategy or his choice to donate a portion of his ownership in Shriram to&nbsp;charity, which is currently assessed at over $750 million.

Describing himself as "a bit of a leftist," Thyagarajan's approach to business is driven by his desire to alleviate the struggles of those facing challenges.

Also watch |&nbsp;Adani mulls selling stake in wilmar joint venture: Reports

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He believes in offering affordable alternatives to the punitive rates faced by the unbanked, proving that lending to the poor can be both safe and profitable. This approach has inspired other companies to rethink their lending practices and reduce borrowing costs, creating a positive impact on the industry.

Thyagarajan's path has been unconventional in an industry rife with ethical quandaries and volatility. From his origins in a privileged farming family to his analytical mindset cultivated through mathematical studies, he entered the world of finance with a unique perspective.

His decades-long journey led to the creation of Shriram Chits, which evolved into a group of over 30 companies and changed the landscape of lending in India.

Also read |&nbsp;<a href="https://www.wionews.com/business-economy/india-rupee-trade-gets-a-vostro-boost-623715">India's rupee trade gets a 'Vostro' boost</a>

<h2>A humble pursuit of simplicity</h2>

Amidst his financial achievements, Thyagarajan remains grounded in simple pursuits.

He drives a modest car and refrains from owning a distracting mobile phone. His leisure time is dedicated to classical music and reading business magazines, reflecting his philosophy of leading a life of purpose and meaning.

R Thyagarajan's journey is a testament to his unique approach to finance, social responsibility, and the unwavering pursuit of a meaningful life.

&nbsp;

WATCH WION LIVE HERE:

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R Thyagarajan, a financial maverick from India, has created a legacy unlike any other, having built a business empire while also giving away some $750 million to charitable causes.

R Thyagarajan, a financial maverick from India, has created a legacy unlike any other, having built a business empire while also giving away some $750 million to charitable causes. His Shriram Group, a multibillion-dollar conglomerate in India, has prospered by providing credit to low-income individuals, a sector that many financial institutions worldwide struggled to navigate. In an exclusive interview with Bloomberg News, Thyagarajan shared his journey and vision. Revolutionising lending Thyagarajan's vision led him to create the Shriram Group, which extends credit to India's underserved population, allowing them access to trucks, tractors, and other essential vehicles. This approach defied the conventional wisdom that lending to people without established credit histories or regular incomes is inherently risky. He has built a conglomerate spanning various industries, employing over 108,000 people and achieving remarkable success, with its flagship firm's shares surging over 35 per cent this year alone. He maintains that there's nothing uncommon about his business strategy or his choice to donate a portion of his ownership in Shriram to charity, which is currently assessed at over $750 million. Describing himself as "a bit of a leftist," Thyagarajan's approach to business is driven by his desire to alleviate the struggles of those facing challenges. Also watch | Adani mulls selling stake in wilmar joint venture: Reports He believes in offering affordable alternatives to the punitive rates faced by the unbanked, proving that lending to the poor can be both safe and profitable. This approach has inspired other companies to rethink their lending practices and reduce borrowing costs, creating a positive impact on the industry. Thyagarajan's path has been unconventional in an industry rife with ethical quandaries and volatility. From his origins in a privileged farming family to his analytical mindset cultivated through mathematical studies, he entered the world of finance with a unique perspective. His decades-long journey led to the creation of Shriram Chits, which evolved into a group of over 30 companies and changed the landscape of lending in India. Also read | India's rupee trade gets a 'Vostro' boost A humble pursuit of simplicity Amidst his financial achievements, Thyagarajan remains grounded in simple pursuits. He drives a modest car and refrains from owning a distracting mobile phone. His leisure time is dedicated to classical music and reading business magazines, reflecting his philosophy of leading a life of purpose and meaning. R Thyagarajan's journey is a testament to his unique approach to finance, social responsibility, and the unwavering pursuit of a meaningful life. WATCH WION LIVE HERE:

This Indian tycoon gave away $750mn, lives phone-free. Here's why

Britain's pharmaceutical company AstraZeneca will be able to deliver nearly 2 billion doses of the coronavirus vaccine if they succeed in making one. These figures are double the previous claims because of deals with the Serum Institute of India and two Bill Gates-backed global health organisations.

Also read:&nbsp;<a href="https://www.wionews.com/world/covid-19-vaccine-for-global-public-good-says-un-chief-antonio-guterres-at-virtual-global-vaccine-summit-in-london-303340" hreflang="en">COVID-19 vaccine for global public good, says UN chief Antonio Guterres at virtual Global Vaccine Summit in London</a>

Serum Institute of India is the world's largest manufacturers of vaccines in terms of volume.&nbsp;

AstraZeneca has already promised 400 million doses to the United States and Britain and on Thursday they agreed to terms with the Indian company to supply one billion doses to low and middle-income countries.

The British-based pharmaceutical company's tie-up with Oxford University has gathered attention as one of the leading candidates to make a coronavirus vaccine. The US government has funded &nbsp;$1 billion for its work.&nbsp;

The company will produce an additional 300 million doses after a $750 million agreement was signed with the Coalition for Epidemic Preparedness Innovations and GAVI vaccines alliance, both founded by Microsoft-founder Gates and his wife.&nbsp;

Britain's pharmaceutical company AstraZeneca will be able to deliver nearly 2 billion doses of the coronavirus vaccine if they succeed in making one. These figures are double the previous claims because of deals with the Serum Institute of India and two Bill Gates-backed global health organisations.

Britain's pharmaceutical company AstraZeneca will be able to deliver nearly 2 billion doses of the coronavirus vaccine if they succeed in making one. These figures are double the previous claims because of deals with the Serum Institute of India and two Bill Gates-backed global health organisations. Also read: COVID-19 vaccine for global public good, says UN chief Antonio Guterres at virtual Global Vaccine Summit in London Serum Institute of India is the world's largest manufacturers of vaccines in terms of volume. AstraZeneca has already promised 400 million doses to the United States and Britain and on Thursday they agreed to terms with the Indian company to supply one billion doses to low and middle-income countries. The British-based pharmaceutical company's tie-up with Oxford University has gathered attention as one of the leading candidates to make a coronavirus vaccine. The US government has funded $1 billion for its work. The company will produce an additional 300 million doses after a $750 million agreement was signed with the Coalition for Epidemic Preparedness Innovations and GAVI vaccines alliance, both founded by Microsoft-founder Gates and his wife.

Britain's AstraZeneca ties up with two companies to provide two billion doses

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This Indian tycoon gave away $750mn, lives phone-free. Here's why

Britain's AstraZeneca ties up with two companies to provide two billion doses