Manikam Ramaswami, CMD of Loyal Textile Mills, passes away

Q.  Who was CMD of Loyal Textile Mills, a leading group in South India till 2nd Oct 2017?
- Published on 04 Oct 17

a. Manikam Ramaswam
b. MS Swaminathan
c. Verghese Kurien
d. None of the above

ANSWER: Manikam Ramaswam
 
Manikam Ramaswami, CMD of Loyal Textile Mills, passes awayManikam Ramaswami, 63, chairman and managing director of Loyal Textile Mills, passed away in Chennai on Oct 2, 2017.

Sources said Ramaswami had collapsed after being administered anaesthesia for a dental procedure and was taken to a private hospital in Adyar where doctors declared him dead.

His Loyal Group includes ‘P.Orr & Sons’, a popular watch dealing and servicing company.

He was also passionate about education — he was the correspondent of the Thiagarajar School of Management, Madurai and Thiagarajar Model Higher Secondary School, as well as the secretary at the Thiagarajar College of Preceptors.

Ramaswami was the past chairman of TEXPROCIL, the association for cotton textiles exports promotion.

He was the Honorary Consul for Chennai, The Federal Democratic Republic of Ethiopia.

As chairman at TEXPROCIL, he had taken several efforts to boost yarn exports.

He joined Loyal Textile Mills, his family business, full time in 1976. The company’s revenues have risen to ?200-plus crore from ?2.5 crore in 1975, said a statement from his office.

Manikam Ramaswami: Know More
  • The industrialist is survived by wife Valli Manikam Ramaswami and daughter Vishala Ramaswami.
  • A mechanical engineer from IIT Madras, he was awarded the Banco Foundation Gold Medal.
  • As part of his college project, he received a patent for an oscillating piston internal combustion engine, the statement said. He has also served as chairman for SIMA.
  • He also played a key role in the Confederation of Indian Industry (CII). He was the past chairman of CII Tamil Nadu State Council.
 

    Discussion

  • a.ramanathan   -Posted on 09 Oct 17
    Ramu is well known for his HONESTY and straightforwardness.He is model for so many in all walks of life. I know him from his childhood. We lost a cousin but this world lost SUPERMAN. It is not a loss to our family but a HIMALAYN lost to this world.
    The God wants to do some important job for which he could not find out a better personality than him. I pray the ALMIGHTY for a peaceful rest of his soul in the feet of SIVA.

Post your comment / Share knowledge


Enter the code shown above:
 
(Note: If you cannot read the numbers in the above image, reload the page to generate a new one.)