[5] Ramaswamy was … We are just 1.5 lakh people in the world; we are like the Parsis: rich and very few,” he says. 0:44. Veteran industrialist, former parliamentarian and the last King of Chettinad, MAM Ramaswamy died on Wednesday evening at Chennai’s Fortis Malar Hospital. CHENNAI: The palace wars have broken out again. At stake is the family's name, wealth and honour built over four generations, which gave India its first private university in 1929 (the Annamalai University), the Chennai cricket stadium, which is named after a family member (M A Chidambaram) and which counts former finance minister P Chidambaram amongst its notable names. [3] He was also popular in the racing circles of Chennai city and winner of 600 horse racing classics. The foster son of MAM Ramaswamy, the octogenarian patriarch of the Chettinad family that runs a Rs 4,000-crore business empire, has alleged that former BCCI chief and Ramaswamy's cousin AC Muthiah has created documents with Ramaswamy's thumb impressions in an apparent attempt to transfer wealth. Ramaswamy married his wife Sigappi Aachi on 6 February 1951. CHENNAI: The palace wars have broken out again. Son MAMR Muthiah modernised Chettinad Cements, introducing automation and improving profitability (Graphic: Ajay Thakuri), Venkatesha Babu, Deputy Editor, Business Today, RJio set to replicate the success of China Mobile. Ramaswamy had an older brother Muthiah, upon whose death in 1970 at the age of 40, Ramaswamy inherited the title Kumar-rajah of Chettinad and Chairmanship of the Chettinad Group of Companies. It was well known in Chennai that Chettinad Group chairman MAM Ramaswamy and his adopted son, who is in control of Chettinad Cement, have been at loggerheads. The inheritance and legacy is likely to end up in a protracted legal battle unless a settlement is arrived, which however looks unlikely. Muttaiya Annamalai Muthiah Ramaswamy (30 September 1931 – 2 December 2015) was an Indian industrialist, politician and race horse owner who served as Chairman of the Chettinad Group of Companies and a member of the Upper House of the Parliament of India, the Rajya Sabha for Karnataka representing the Janata Dal (Secular) from 2004 to 2010. The foster son of MAM Ramaswamy, the octogenarian patriarch of the Chettinad family that runs a Rs 4,000-crore business empire, has alleged that former BCCI chief and Ramaswamy's cousin AC Muthiah has created documents with Ramaswamy's thumb impressions in an apparent attempt to transfer wealth. His family had built the Chettinad Group with interests in cement, logistics, education and real estate. Net worth over time. Ramaswamy was born in Madras on 30 September 1931, the second son Sir M. A. Muthiah Chettiar, the Kumar-rajah of Chettinad and his wife. With a net worth of Rs.1,500 crores, Ramaswamy was one of the richest individuals in Chennai city. AC Muthiah dismissed … MAM Ramaswamy never went the proscribed Chettiar way. Ramaswamy, however, died a broken man. Ramaswamy was born in Madras on 30 September 1931, the second son Sir M. A. Muthiah Chettiar, the Kumar-rajah of Chettinad and his wife. Ramaswamy was also a maternal cousin of former Indian finance minister, P. Chidambaram. In a reprieve to industrialist AC Muthiah, the Madras high court has permitted the trust (Dr MAM Ramaswamy Chettiar of Chettinad Charitable Trust) ma Ramaswamy came from old money and was part of the famously industrious Nattukottai Chettiar community. ... Education Bachelor of Arts / Science, University of Madras. A.C. Muthiah, who runs SPIC Group of companies, had denied the allegations. India Inc would be closely watching how the succession battle and dispute over assets gets resolved. “It is true that Chettiars can be very calculating. Ramaswamy was also a maternal cousin of Thanthi TV 2,598 views. He died on 2 December 2015. Ramaswamy had an older brother Muthiah, upon whose death in 1970 at the age of 40, Ramaswamy inherited the title Kumar-rajah of Chettinad and Chairmanship of the Chettinad Group of Companies. Ramaswamy had an older brother Muthiah, upon whose death in 1970 at the age of 40, Ramaswamy inherited the title Kumar-rajah of Chettinad and Chairmanship of the Chettinad Group of Companies. Veteran industrialist, former parliamentarian and the last King of Chettinad, MAM Ramaswamy died on Wednesday evening at Chennai’s Fortis Malar Hospital. [6], "Venkaiah, Ramaswamy elected to Rajya Sabha", "Western Garnet draws up A.P. $650M. MAM Ramaswamy (left) is determined to save 'his family's name, ... His family had built the Chettinad Group with interests in cement, logistics, education and real estate. In fact, Ramaswamy’s enduring, and often problematic, love affair with horses was quite accidental. About a fortnight ago, M.A.M.R Muthiah had alleged that A C Muthiah, a cousin of Ramaswamy, was trying to grab assets of the group and had asserted his right to the same. investment plan", Industrialist M.A.M Ramaswamy passes away at 84, https://en.wikipedia.org/w/index.php?title=M._A._M._Ramaswamy&oldid=980590911, All Wikipedia articles written in Indian English, Wikipedia articles with WORLDCATID identifiers, Creative Commons Attribution-ShareAlike License, This page was last edited on 27 September 2020, at 10:11. MAM Ramaswamy disowns adopted son, names AC Muthiah successor PVR buys DLF’s DT Cinemas for Rs 500 crore Do you have what it takes to go #FullOn like Neha Kakkar and DIVINE? Chettinad Group's annual revenues are estimated at more than Rs 5,000 Crore. His family is called 'The Rajah family' and he lived out of a 10-acre palace in the heart of Chennai. MAM Ramaswamy, while carrying on the businesses founded by his father, rampaged through the world of horse-racing, education and high society in grand style – for over four decades. “He only wanted to be a professional tennis player. [4] CHETTINAD VIDYA MANDIR. He was ailing for a … [1][2] Ramaswamy succeeded his older brother M. A. M. Muthiah in 1970 to the title "Kumar-rajah of Chettinad" and held title Raja of Chettinad from 1984 to 2015. MAM Ramaswamy (left) is determined to save 'his family's name, honour and legacy'. Ramaswamy is passionate about horses and owns two stud farms near Chennai that have won over 400 classics. AC Muthiah dismissed the allegation. MAM Ramaswamy's Home Guards Arrested - Thanthi TV - Duration: 0:44. Ramaswamy was born in Madras on 30 September 1931, the second son Sir M. A. Muthiah Chettiar, the Kumar-rajah of Chettinad and his wife. 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