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