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

Tube Investments of India Ltd (referred to as TIAM), part of the Murugappa Group, pioneered the production of bicycles in the south six decades ago. Set up in collaboration with prestigious British companies like Tube Investments, Brampton Fittings, Wright Saddles… TI Cycles produced branded bicycles in higher value ranges. Along with Tube Products and TI Metal Sections, the Murugappa Group emerged a leader in the light engineering sector.

Its contemporaries, Sen and Pandit which manufactured Raleigh, Rudge and Humber brands of cycles and Hind Cycles, the oldest bicycle unit set up by the Birlas, turned sick, were nationalised and later closed down. TIAM changed its track, adjusted to emerging market needs, focused on high-end bicycles and became a leader in this segment. A recent annual report of TII referred to identifying ‘new class of consumers fast taking to the turf of cycling, health, recreation, environmental sensitivity, community of like-minded people’ as the new generation growth drivers. While the demand for conventional products stagnated or grew very slow (at 2 per cent last year), TI Cycles’ sales recorded a growth of 6 per cent resulting in increased revenue from cycles and components to Rs 1314 crore (Rs 1185 crore in 2013-14).

The company has manufacturing plants in Tamil Nadu and Maharashtra. A new bicycle plant is under construction at Rajpura, Punjab to cater to the Northern and Eastern markets.  I remember the acute competition faced by TIAM, Sen, Pandit and Hind Cycles, having their plants respectively at Chennai, Kolkata and Mumbai, from Hero Cycles, Avon Cycles and Road Master Industries in Punjab and Atlas Cycles in Haryana. The northern companies could offer bicycles with comparable quality at much cheaper prices. This eventually led to the closure of two of these. Even TIAM remained closed in the late 1960s for over 10 months.  

M V Subbiah, then heading the operations of TI Cycles in 1960s, re-structured the operations: phased out the costlier production of components, saddles… focused on higher end products and turned around the company. I remember the initial disdain of procuring components from Punjab on quality considerations. But soon, TI opened shop at Faridabad; in recent years it has been procuring components from China, now busy constructing a modern plant at Rajpura! A full cycle has been turned!

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