Ad Here  
A genius civil servant fades A statue for RV, at last! A versatile legend moves on Endearing Aachi... The motor sportsman is no more Colour-Chem's colorful personality A multi faceted prince is no more... VV Goes... A multi-faceted leader rests in peace When SPIC spawned star managers... Saeed Jaffrey Tribute – Baldev Raj He contributed so much to the telecom revolution This trendsetter is no more Brilliant Saeed saab A honest bank executive... Remembering I K Gujral… Justice Iyer, 100 He elevated B&C to its best... Tribute: Dr. Krishnamoorthy Srinivas Master of strokes If only he had fastened the seat-belt... ‘Mandolin’ stops playing... Music loses a maestro He took space science to such great heights! The Rajha of Rajapalayam... ‘Sai’ Srinivasan no more M Subramaniam Question on Operation X Music Samrat!!! - TMS Cement, calcium carbide, shipping… TSN turned these and more into gold Jeppiar calls it a day Honest civil servant Big ideas, not big words, are important... Father of German unification no more... Transport S Narayanan The scientist-engineer who lucidly explained economics How to build a nation India’s Master Builder… Another Leo of real estate and education is no more Fighter-pilot turned monk... R Desikan – the crusader of consumer interests is gone Scientist and leader of educational reforms KB Sir for all... A Gandhian breathes his last on Gandhi Jayanthi Remembering Chariji ‘Hero’ rides into the sunset MSV – the King of Light Music Sivaraman, 100 KP is no more The Hero of bicycles rests in peace The honest Sardarji He took Kone to great heights… New team at the helm at TANSTIA Samskrt loses a passionate exponent... Flute falls silent Centurion ‘Leo’ rests in peace Tribute - R K Baratan A versatile, humane and efficient administrator/litterateur Dada of drip irrigation... Bal Thackeray Missile Man takes flight He breathed transport development Tribute – Ja Ra Su The ‘Q’ factor cost him Cabinet Secretary’s post Dr M G K Menon He was the greatest. A welcome biography on a towering CA Deora – the best networked politician....
Cement, calcium carbide, shipping… TSN turned these and more into gold
India Posts released a stamp in honour of T S Narayanaswamy (TSN) on his birth centenary on 11 November. TN Governor K Rosaiah recalled the multifarious contributions of TSN.
FOR TWO DECADES from the mid 1940s, TSN made a rich contribution to the industrial development
of  Tamil Nadu. I remember the Progressive Madras State produced by him for the Hindustan Chamber of Commerce in the mid 1960s as an excellent record of the state of development of Tamil Nadu and also outlining a route map for future.

Those were the years when a new generation of entrepreneurs surfaced in Tamil Nadu with nothing
other than their rich intellectual capital to offer. These enterprising men, strongly supported by the
governments at the Centre and the state with visionary leaders like K Kamaraj, R Venkataraman and C Subramaniam, helped the state emerge strong in economic development.
TSN showed his mettle at the Indo Commercial Bank headed by S N N Sankaralinga Iyer of
Tirunelveli. His suavity, energy and rich capability for networking and interaction with policymakers
were great assets. With his mentor, Sankaralinga Iyer, TSN boldly ventured into the manufacture of
cement. They mobilised resources of around Rs 5 crore (a pretty large sum in those days), through widely dispersed shareholders and set up a plant at Tazhaiyuthu in southern Tamil Nadu. Iyer’s son K S Narayanan tied up technology with Denmark and India Cements Ltd (ICL) soon emerged as the largest producer of  cement in the south. 

TSN looked at opportunities in several other directions and worked closely with several other
business leaders of the region to embark on a wide range of enterprises.

In the production and distribution of calcium carbide, he involved V D Swami. Working closely with K S Narayanan, C S Loganatha Mudaliar and J H Tarapore, he setup the first large shipping company in the south, the South India Shipping Corporation Ltd, which acquired six ships. He should have been inspired by Dr Jayanti Dharma Teja in negotiating the purchase with zero down payment! He named these in Tamil as Chennai Ookkam, Chennai Perumai, Chennai Sadanai etc.  With K S Narayanan, he also identified the prospects for manufacture of PVC based on agro chemicals: Chemicals and Plastics India Ltd soon emerged as a pioneer in this area.  

TSN was the public face of Industry. He was actively involved in the successful conduct of World Tamil Conference and the National Games hosted by Tamil Nadu government.

TSN died suddenly in early 1968 at the age of 57. Some two decades later, TSN’s son N Srinivasan took control of ICL. 

With the de-control of cement and the rapidly escalating demand, Srinivasan has vastly expanded ICL through organic growth and acquisitions. As President of the Board of Control for Cricket (BCC) in
India, as the owner of Chennai Super Kings and with his vast contacts with policymakers, he is taking
forward the mission of his illustrious father.
Author :
Reported On :
Sector :
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
S-15, Industrial Estate,
Chennai - 600 032.
PHONE: +91 44 22501236