M. Ct. M. Chidambaram Chettyar
Encyclopedia
Muttaiya Chidambaram Chettiar Muthiah Chidambaram Chettiar (b. August 2, 1908 - d. March 13, 1954) was an Indian industrialist and banker who founded the Indian Overseas Bank
. He was the great-grandson of Muttaiya Chettiar, the patriarch of the M. Ct. and S. Rm families. Chidambaram Chettyar died in a plane crash over Singapore
on March 13, 1954.
on August 2, 1908. His father Sir M Ct. Muthiah Chettiar (1887-1929) was a banker who served as a member of the Imperial Legislative Council of India. Muthiah Chettiar was a nephew of Ramaswami Chettiar
, founder of the Indian Bank
and Sir Annamalai Chettiar, the first Raja of Chettinad
.
Chidambaram Chettyar had his early education at Madras Christian College High School but discontinued his education in the middle to pursue the family business of banking.
on the latter's death in 1929. Chidambaram Chettyar soon emerged as one of the top industrialists in the country. On February 10, 1937, he founded the Indian Overseas Bank
, which concentrated on improving the country's industrial sector. The bank began business simultaneously from its branches at Karaikudi
and Rangoon. Chidambaram Chettyar was also one of the founders of United India Assurance.
In 1944, with the assistance of Sir C. P. Ramaswami Iyer
and British technical expertise, Chidambaram Chettyar founded the Travancore Rayons Limited, with a factory near Perumbavoor
. The Travancore Rayons Limted was the first rayon
manufacturing company in India. Chidambaram Chettyar also served as a director of Indian Bank from 1930 to 1940 and 1945 to 1949.
killing 32 people on board.
Indian Overseas Bank
Indian Overseas Bank is a major bank based in Chennai , with 2018 domestic branches and six branches overseas. Indian Overseas Bank has an ISO certified inhouse Information Technology department, which has developed the software that 2018 branches use to provide online banking to customers; the...
. He was the great-grandson of Muttaiya Chettiar, the patriarch of the M. Ct. and S. Rm families. Chidambaram Chettyar died in a plane crash over Singapore
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...
on March 13, 1954.
Early life and education
Chidambaram Chettyar was born at KanadukathanKanadukathan
Kanadukathan is a panchayat town in Sivaganga district in the Indian state of Tamil Nadu.-Demographics: India census, Kanadukathan had a population of 4795. Males constitute 50% of the population and females 50%. Kanadukathan has an average literacy rate of 74%, higher than the national average of...
on August 2, 1908. His father Sir M Ct. Muthiah Chettiar (1887-1929) was a banker who served as a member of the Imperial Legislative Council of India. Muthiah Chettiar was a nephew of Ramaswami Chettiar
Ramaswami Chettiar
Diwan Bahadur Satappa Ramanatha Muttaiya Ramaswami Chettiar was an Indian businessman and philanthropist from the Indian state of Tamil Nadu.- Early life :...
, founder of the Indian Bank
Indian Bank
Indian Bank is a major Indian Commercial Bank headquartered in Chennai , India. It has 22,000 employees, 1923 branches and is one of the big public sector banks of India. It has overseas branches in Colombo, Sri Lanka, Singapore, and 229 correspondent banks in 69 countries...
and Sir Annamalai Chettiar, the first Raja of Chettinad
Raja of Chettinad
The Raja of Chettinad was a honorary title bestowed on the head of the S. Rm. family of Kanadukathan in the Chettinad region by the British Raj. The first Raja of Chettinad was Sir Annamalai Chettiar....
.
Chidambaram Chettyar had his early education at Madras Christian College High School but discontinued his education in the middle to pursue the family business of banking.
Career
Chidambaram Chettyar succeeded his father as a director of the Indian BankIndian Bank
Indian Bank is a major Indian Commercial Bank headquartered in Chennai , India. It has 22,000 employees, 1923 branches and is one of the big public sector banks of India. It has overseas branches in Colombo, Sri Lanka, Singapore, and 229 correspondent banks in 69 countries...
on the latter's death in 1929. Chidambaram Chettyar soon emerged as one of the top industrialists in the country. On February 10, 1937, he founded the Indian Overseas Bank
Indian Overseas Bank
Indian Overseas Bank is a major bank based in Chennai , with 2018 domestic branches and six branches overseas. Indian Overseas Bank has an ISO certified inhouse Information Technology department, which has developed the software that 2018 branches use to provide online banking to customers; the...
, which concentrated on improving the country's industrial sector. The bank began business simultaneously from its branches at Karaikudi
Karaikudi
Karaikudi is a town in Sivaganga District in the Indian state of Tamil Nadu.Chettinad literally 'Chetti land' in Tamil, is a collection of 76 villages/towns. Chettinad stretched from Ramnad District and Pudukottai State of 'British' India. The Chettiars, or more properly the Nattukottai...
and Rangoon. Chidambaram Chettyar was also one of the founders of United India Assurance.
In 1944, with the assistance of Sir C. P. Ramaswami Iyer
Sir C. P. Ramaswami Iyer
Sachivottama Sir Chetpat Pattabhirama Ramaswami Iyer, KCSI, KCIE , also called "C. P.", was an Indian lawyer, administrator and politician who served as the Advocate-General of Madras Presidency from 1920 to 1923, Law member of the Executive council of the Governor of Madras from 1923 to 1928,...
and British technical expertise, Chidambaram Chettyar founded the Travancore Rayons Limited, with a factory near Perumbavoor
Perumbavoor
Perumbavoor is a suburban region of Kochi city and a municipality in Ernakulam District in the Indian state of Kerala. It lies in the North Eastern tip of the Greater Cochin area and is also the headquarters of Kunnathunad Taluk. It is a Main Satellite Centres of Kochi City. Perumbavoor is famed...
. The Travancore Rayons Limted was the first rayon
Rayon
Rayon is a manufactured regenerated cellulose fiber. Because it is produced from naturally occurring polymers, it is neither a truly synthetic fiber nor a natural fiber; it is a semi-synthetic or artificial fiber. Rayon is known by the names viscose rayon and art silk in the textile industry...
manufacturing company in India. Chidambaram Chettyar also served as a director of Indian Bank from 1930 to 1940 and 1945 to 1949.
Death
Chidambaram Chettyar died on March 13, 1954 when the British Overseas Airways constellation aeroplane on which he was travelling crashed near SingaporeSingapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...
killing 32 people on board.