S. N. N. Sankaralinga Iyer
Encyclopedia
S.N.N.Sankaralinga Iyer (January 31, 1901 – 1972) was an Indian industrialist, philanthropist
and business magnate
. He founded India Cements in 1946 and became its first Managing-Director. The corporation later diversified its activities leading to the formation of the Sanmar group.
and the Sanmar group.
Sankaralinga Iyer's first venture, the Indo-Commercial Bank, was headquartered at Tirunelveli District.
Sankaralinga Iyer acquired large tracts of land surrounding Thaazhiyuthu where he set up the first India Cements factory, with the first plant established in the year 1949.
A new township called Sankarnagar was established to house the workers in the plant. India Cements launched its second plant in the 1960s at Sankaridrug in Salem district.
Philanthropist
A philanthropist is someone who engages in philanthropy; that is, someone who donates his or her time, money, and/or reputation to charitable causes...
and business magnate
Business magnate
A business magnate, sometimes referred to as a capitalist, czar, mogul, tycoon, baron, oligarch, or industrialist, is an informal term used to refer to an entrepreneur who has reached prominence and derived a notable amount of wealth from a particular industry .-Etymology:The word magnate itself...
. He founded India Cements in 1946 and became its first Managing-Director. The corporation later diversified its activities leading to the formation of the Sanmar group.
Life and career
Sankaralinga Iyer was born on January 31, 1901 in Thanjavur district. In 1918, at the age of seventeen, he married Pitchumal, and their son, K. S. Narayanan was born in 1919. In 1937, K. S. Narayanan began his career as an agent of the Palghat branch of the Indo-Commercial Bank started by his father and would later, on his father's death, become the Chairman of India CementsIndia Cements
India Cements Limited is a cement manufacturing company in India. It was established in 1946 and the first plant was set up at Sankarnagar in Tamil Nadu in 1949. It has about seven cement manufacturing plants spread over Southern India catering to major markets in South India and Maharashtra...
and the Sanmar group.
Sankaralinga Iyer's first venture, the Indo-Commercial Bank, was headquartered at Tirunelveli District.
Sankaralinga Iyer acquired large tracts of land surrounding Thaazhiyuthu where he set up the first India Cements factory, with the first plant established in the year 1949.
A new township called Sankarnagar was established to house the workers in the plant. India Cements launched its second plant in the 1960s at Sankaridrug in Salem district.