CHENNAI: The palace wars have broken out again. 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. Thanthi TV 2,598 views. Ramaswamy is passionate about horses and owns two stud farms near Chennai that have won over 400 classics. Ramaswamy, however, died a broken man. Veteran industrialist, former parliamentarian and the last King of Chettinad, MAM Ramaswamy died on Wednesday evening at Chennai’s Fortis Malar Hospital. 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. 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. He was ailing for a … Net worth over time. MAM Ramaswamy's Home Guards Arrested - Thanthi TV - Duration: 0:44. Ramaswamy was … We are just 1.5 lakh people in the world; we are like the Parsis: rich and very few,” he says. 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. In fact, Ramaswamy’s enduring, and often problematic, love affair with horses was quite accidental. India Inc would be closely watching how the succession battle and dispute over assets gets resolved. 0:44. Veteran industrialist, former parliamentarian and the last King of Chettinad, MAM Ramaswamy died on Wednesday evening at Chennai’s Fortis Malar Hospital. In a reprieve to industrialist AC Muthiah, the Madras high court has permitted the trust (Dr MAM Ramaswamy Chettiar of Chettinad Charitable Trust) ma He died on 2 December 2015. CHENNAI: The palace wars have broken out again. MAM Ramaswamy (left) is determined to save 'his family's name, honour and legacy'. Chettinad Group's annual revenues are estimated at more than Rs 5,000 Crore. 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. His family is called 'The Rajah family' and he lived out of a 10-acre palace in the heart of Chennai. 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? Ramaswamy was also a maternal cousin of former Indian finance minister, P. Chidambaram. ... Education Bachelor of Arts / Science, University of Madras. Ramaswamy had told BT in May 2015 that he would do his utmost to disinherit his adopted son. 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. , "Venkaiah, Ramaswamy elected to Rajya Sabha", "Western Garnet draws up A.P. His family had built the Chettinad Group with interests in cement, logistics, education and real estate.  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. 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. 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. Ramaswamy was also a maternal cousin of 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. 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 came from old money and was part of the famously industrious Nattukottai Chettiar community. 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. AC Muthiah dismissed the allegation. A.C. Muthiah, who runs SPIC Group of companies, had denied the allegations.  A dispute between him and his adopted son M.A.M.R Muthiah over how to control the group's assets and legacy means that it might not be a straight case of succession. 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.