Ad Here  
Welcome changes that testify to Jayalalithaa’s return to health Revive development banks... EVM is tamper-proof When the President was rendered homeless… A welcome initiative by the judiciary Shaming of Tamils by Tamil farmers at Delhi For whom the bell tolls? No mega rail project for Tamil Nadu A friendly business group A Grand Finale for SN’s MS centenary at the US… Tough task taking states together TN accounts for the largest recruits by the IT sector L&T: focus on infrastructure and more infrastructure… Preserving for the future He continues the focus on social amelioration Boy, can you beat these? Reliance’s TV – 18 ready to launch Tamil News Channel Recognition to role of NBFCs.... Poor quality of university VCs B H Kothari - a tribute Colour-Chem’s colourful KRVS Remembering Indira Sivasailam... The ‘Ayyo-yes’ is no more ONGC at KG Basin A rich pool of talent not utilised…. TGS- The king storyteller The Jan Dhan bonanza The rise and rise of KCP Why land prices zoom in TN? Adapt Vajpayee dinner diplomacy Russi Mody – a tribute to the lack of interest on the part of these to focus on original research. This despite the much lower costs of such research in India. The industry which thrived on the protection of a closed economy and the advantage of a vast domestic market, has failed to organise its evolution on healthy lines Which side are you, Montek? An informal presentation - analytical, forward locking... The brown list of Venkitaramanan More tributes to GR Not just in-laws (and outlaws); they’ve renowned academics at the helm! The Ports’ Pasha expands into Tamil Nadu Shale gas and its shallow future Shipping woes of Chennai companies Music happens Delhi is distant… Things happen by accident and not by design... Infrastructure funding – lessons learnt Muffled voices for merit… The rise and fall of Annamalai University Poor representation for Kerala and TN in Cabinet Contrarian cousins Make standards certification mandatory... Where a state respects its litterateurs… CSR and CMI: promise of another Srinivasan Ramanujan... Tatas moving out of urea production... When nations steal growth from one another… Alexa – Talking Wikipedia Increasing non co-operation of state leaders Of course, Gujarat is vibrant Lalu’s envy, India’s pride Where is Rajaji? Computation of GDP – conundrums continue Lesson from Chandrababu Naidu Naidu’s return augurs well for Seemandhra Cement prices continue to rise… Land reclamation from sea appears cheaper! Come elections, come advertisements... London, London Narayan Demise of a media baron... CII projects higher growth… Rahman at CIC All eyes on Sankara Nethralaya Moily’s bold thrust Tribute S Ramanathan – a versatile musician, musicologist Align crops to agro climate endowments… Airlines in India: cost and space How Air-India loses customs... Road development slows down Tribute – M V Murugappan GNS - 100: our first subscriber Parliament in paralysis... Fortune 500 review The power-full Hindujas SoA @ 80 Sweeter prospects for sugar Mersal magnified The balancing act F C Kohli - his concerns all embracing IPL type auction for VCs? Secularism and anti-Hinduism For whom the MIDS bell tolls? CRS, a jewel among managers, is no more. Marketing expert Balagopal is no more Adharma of opposition politics CIPET hqrs to stay at Guindy – for the present? When online building permits work…. Permanent secretariat for TN GIM IAS invades NDDB... Tribute – Manikam Ramaswami Five star activism stalls development activity Intellectual of rare qualities PPP mode for upgrading Corporation Hospitals Cleaning Ganga – relocate tanneries and install electric crematoria GM Technology at last! Limit foreign borrowings to hi-tech, export potential projects... L&T- the specialty of special purpose vehicles Streamlining mandatory third party cover Fall in crude prices help in oil sector reform When Ratan Tata visited SRM The nuclear option No Maha Koottani in TN... Delhi is distant Building loyalty through the stomach Making ‘my Amaravati’... More Shakti to resource mobilisation... The star of Spencers is no more Valli, they are more marginalised Wanted: a second airport for Chennai Mu Sigma – is no more Godspeed, Chief Minister JJ Polls and promises Funding the un-funded Rs.1600 crore paper board plant of TNPL TN – agglomerate land holdings without alienating ownership Don’t seem to feel the pulse… Why this malaise in medical education? Excel Generators provide the vital back-up When TN politicians can emulate Kerala's A yen for wastage… PC’s preference for professionals Kulandai was a giant Should we change the official year? Delhi Chalo... A Grand Finale for SN’s MS centenary at the US… Quality education through the PPP mode Dr C Rangarajan returns to Chennai Welcome GST Delhi returns to BJP Padma Bhushan for A Ramakrishna Cutting the nose to spite the face Build close rapport with business leaders Convulsions in The Hindu …and of a popular trade leader The ‘Jayanthi Tax.’ S V Raju – a ‘good’ true liberal Robber barons everywhere The Gulf aviation boom Modi and the lady China invests in India Readers' Mail Naidu will soon build a new Hyderabad Silver Years of Madras Musings Shanti and Sadhana through Music A C Muthiah – his munificent bequeaths to science Bihar – Nitish Kumar adopts the Lalu model Whistle-Stop Tour of Raghuram Rajan No engine for this car Insurance companies bleeding, yet no decision on increasing FDI limit! The sea- saw battle continues... Haul over the coal Telangana in top gear… Pharma – overdose of copying This scant respect for Law Medical costs hit the roof... Towards speedy justice Strengthen the base... The few handicaps... Noble nonagenarians... Roaring Ro-Ro facility Sri Lanka votes for change Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated An inexplicable neglect Bihar elections - the Rajaji formula worked Waning interest in public discussions… Tatas moving out of urea production... He saved millions from starvation... Quality silica from Neyveli Inflation: are we emulating Argentina and Brazil? Tax agriculture Online not in line with brick and mortar businesses... The Swadeshi Trump A more liberated TN… A glass full of corruption Revving up the manufacturing sector Another Indian music maestro at the UN Fortune for Indian Airlines More heat than light Plummeting profits of PSBs Focus on quality of power - its only around 170-180V Breaththrough in malaria control Liberal imports idling indigenous capacities Odisha: spectacular win by Naveen Patnaik Gas is the way forward Auto components surge… Editor's Notes An enemy’s enemy is a friend Put expensive assets created to use... Kudos to NDTV... Maximising the micro pricing … Multi-faceted Venkat R Sridhar steps down as CEO of Shriram Capital Vibrant Gujarat MHC should not return to its old indisciplined ways Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai Return to king coal for urea... Scientists urged to take up farmer-oriented research A proud Madrasi EEC at the National Media Centre WTO Meet: resolved to meet again Welcome thrust on trade in Modi’s foreign visits... IPL - no surprise this scam Discoms deserve better… Editor's Says TN-leverage strength of BHEL, NLC... There was flood of milk. Reason: no milk commissioner! Paytm karo... West Bengal: mindless malignancy Measuring roof tops in terms of KW/MW Tihar, Puzhal not different from Parappana Agrahara TIAM turns a full cycle Kinetic Karnataka Diamond jubilee of Egmore Samskrt School Sweet news for TN sugar mills When small is no larger beautiful.. Banning booze... Wise Presidents Air Asia India will set new benchmarks for budget travel A professional at the helm of IRDA... Solar thermal shines… Gay abandon in pricing Solar, solar everywhere … New IT products of Ramco in the pipeline… Welcome focus on core competence Protest masters... Tribute – UCAL Selvan… Nuclear power at the nucleus Fuel for thought Small units prefers to remain small... Modi storms Silicon Valley Engineering seats go abegging The why of tax incentives A think tank for Chennai Eternal support for capitalisation of PS banks TELANGANA at last…BUT Like Hinduism: many paths to reach God... More Shakthi to Das’ elbow
CSR and CMI: promise of another Srinivasan Ramanujan...

I have pointed to the passion of Shriram Group’s Founder-Chairman R Thyagarajan (RT) for music, mathematics and insurance. These are quietly, but effectively manifested through significant events. The group had evolved over the last three decades as the leader in the non-banking finance sector with an asset base of over Rs 60,000 crore. The growth over the last 15 years has indeed been spectacular with the group expanding into life and general insurance and consumer finance. The holding company, Shriram Capital Ltd, constantly looks for opportunities to expand the capital base, inducing large banks, prestigious foreign fund managers and most recently the Piramal Group to invest. The group’s insurance companies have been earning profits right from inception, a record not emulated by its peers.

    A connoisseur of music, RT is a great admirer of violin maestro Lalgudi G Jayaraman (LJ). The group presented Visakha Hari, an illustrious disciple of LJ to explain the genius of LJ as a great musician, composer and teacher with a tradition of direct lineage traceable to Saint Tyagaraja. This famous harikatha exponent, a chartered accountant to boot, with deep insights into music paid a handsome tribute to LJ singing several kritis in the Lalgudi baani.

    I mentioned mathematics as the other love of RT. The Chennai Mathematical Institute (CMI) founded by AC Muthiah in the heydays of SPIC, has been reaching heights after RT took over. RT believes in India’s prowess in mathematics and has been passionately working to expand interest on the part of young brains to study and research in mathematics. The Bhabha Atomic Research Centre and the Department of Science and Technology have been extending handsome support. Under renowned mathematicians like C S Seshadri and U Karandikar. CMI has been registering big expansion. RT mobilised around Rs 15 crore making handsome personal contributions by himself, mail members and other colleagues like Kannan. He invited Cognizant’s Lakshmi Narayanan. This helped CMI get further boost. The Infosys Foundation has recently committed funding of Rs 33 crore. R Seshasayee, a Director in the Infosys Board, referred to a detailed presentation at the  CMI that has the promise of taking CMI as a prestigious global research centre in mathematics. With the recent mandate for large companies to commit two per cent of their profits for CSR initiatives, such efforts are bound to receive further growth. RT is now confident of CMI building a corpus of Rs 100 crore in quick time.  So, get ready for another Ramanujan surfacing.

Author :
Reported On :
Sector :
Shoulder :
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