[4] CHETTINAD VIDYA MANDIR. M A M Ramaswamy, the man who once controlled the 103-year-old Chettinad Group, one of Tamil Nadu’s oldest family-run businesses with interests in cement, engineering, logistics, minerals, education, healthcare and plantations, is now caught in a family feud that has pitted him against his adopted son M A M R Muthiah, who controls the Group and its flagship Chettinad Cements. His family had built the Chettinad Group with interests in cement, logistics, education and real estate. 0:44. Ramaswamy had told BT in May 2015 that he would do his utmost to disinherit his adopted son. 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. CHENNAI: The palace wars have broken out again. [3] He was also popular in the racing circles of Chennai city and winner of 600 horse racing classics. $650M. MAM Ramaswamy (left) is determined to save 'his family's name, honour and legacy'. India Inc would be closely watching how the succession battle and dispute over assets gets resolved. Ramaswamy was also a maternal cousin of former Indian finance minister, P. Chidambaram. 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. 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. MAM Ramaswamy's Home Guards Arrested - Thanthi TV - Duration: 0:44. Ramaswamy was also a maternal cousin of AC Muthiah dismissed … 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. In a reprieve to industrialist AC Muthiah, the Madras high court has permitted the trust (Dr MAM Ramaswamy Chettiar of Chettinad Charitable Trust) ma [5] Thanthi TV 2,598 views. AC Muthiah dismissed the allegation. Ramaswamy, however, died a broken man. [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. CHENNAI: The palace wars have broken out again. The inheritance and legacy is likely to end up in a protracted legal battle unless a settlement is arrived, which however looks unlikely. He was ailing for a … Chettinad Group's annual revenues are estimated at more than Rs 5,000 Crore. “It is true that Chettiars can be very calculating. 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. 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. ... Education Bachelor of Arts / Science, University of Madras. “He only wanted to be a professional tennis player. 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. A.C. Muthiah, who runs SPIC Group of companies, had denied the allegations. Ramaswamy is passionate about horses and owns two stud farms near Chennai that have won over 400 classics. Ramaswamy came from old money and was part of the famously industrious Nattukottai Chettiar community. 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? 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 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 was … We are just 1.5 lakh people in the world; we are like the Parsis: rich and very few,” he says. 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. MAM Ramaswamy never went the proscribed Chettiar way. In fact, Ramaswamy’s enduring, and often problematic, love affair with horses was quite accidental. He died on 2 December 2015. Net worth over time. 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. His family is called 'The Rajah family' and he lived out of a 10-acre palace in the heart of Chennai. Ramaswamy married his wife Sigappi Aachi on 6 February 1951. Veteran industrialist, former parliamentarian and the last King of Chettinad, MAM Ramaswamy died on Wednesday evening at Chennai’s Fortis Malar Hospital. 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. With a net worth of Rs.1,500 crores, Ramaswamy was one of the richest individuals in Chennai city. [6], "Venkaiah, Ramaswamy elected to Rajya Sabha", "Western Garnet draws up A.P.