Index Investing News
Tuesday, February 3, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Alagappa Chettiar’s legacy of fortune and philanthropy

by Index Investing News
April 13, 2025
in Opinion
Reading Time: 4 mins read
A A
0
Home Opinion
Share on FacebookShare on Twitter


Born on April 6, 1909 into the Nattukottai Chettiar neighborhood with a father who was a profitable banker, he might have remained only a product of his inheritance. However Alagappa went on to craft his future, which he understood not as merely earning money and consuming it ferociously however because the empowerment of future minds in India.

Rising up in Kottaiyur in Tamil Nadu’s Sivaganga district, his mental curiosity yearned for horizons past his masters in English literature from Presidency Faculty, Madras. It was right here that he cast a lifelong friendship together with his instructor Sarvepalli Radhakrishnan, the longer term president of India. Quickly, the younger Alagappa launched into a journey to London, the place he turned the primary Indian trainee on the British Chartered Financial institution.

Then, unexpectedly, tragedy struck; he was recognized with leprosy. Whereas he did get cured, he got here again with a disfigured face. However his spirit was untouched.

Additionally Learn: The princess who constructed India’s healthcare system

Conquering new skies

At the same time as he gained insights into worldwide finance, he additionally certified as a barrister at legislation on the Center Temple. Throughout his time in London, his adventurous spirit led him to acquire a pilot’s licence, a testomony to his willingness to overcome new skies.

On his return to India he began practising within the courts however quickly turned weary of it. He plunged into enterprise, realising that conventional strategies had been no match for the transformative potential of industrialization. In 1937, he established Cochin Textiles in Kerala, a enterprise that may evolve into Alagappa Textiles, full with its personal self-sufficient township, Alagappa Nagar. Inside a couple of years, his sharp enterprise acumen and strategic investments catapulted him into the primary line of industrialists in India.

In his quick, impactful life, Alagappa Chettiar exemplified the interconnectedness of financial progress and social development with training, not simply an act of charity however a strategic crucial for nationwide improvement.

For generations, the Chettiars had traversed the maritime routes of Southeast Asia laden with commodities and in addition navigated the intricate dance of credit score and trade. Alagappa dipped into this ancestral understanding of the ebb and circulate of world commerce and invested in rubber plantations at dwelling and in tin mining operations in Burma to gasoline the rising international want for these commodities. Alongside, he expanded his footprint into the monetary companies sector by a clutch of insurance coverage firms, complemented by a flourishing inventory market enterprise which earned him the sobriquet of the Madras Specific within the Bombay Inventory Alternate.

For many businessmen, this may need been sufficient. Not for Alagappa who now turned his consideration to the nation’s nascent aviation sector and established Jupiter Airways. It wasn’t a business enterprise as a lot because it was a nationwide want. In the course of the integration of Hyderabad into the Indian union he lent his fleet of plane to the federal government for troop transportation.

Along with his ballooning internet price, his community turned intensive. His daughter’s marriage ceremony in 1943 underneath an enormous shamiana made to seat 5000 folks, was the discuss of city due to performances by singers and dancers like M S Subbulakshmi, M L Vasanthakumari and Rukmini Arundale.

Learn extra | The service provider who constructed Bombay: How David Sassoon formed a world metropolis

Energy of training

Nevertheless, underneath the affect of Radhakrishnan he realised that revenue was a reductive assemble within the bigger sea of life. Put up-Independence Indian society might pull itself out of the quagmire of grinding poverty solely by training.

As the decision went to industrialists to contribute to nation-building, he responded with attribute alacrity organising an Arts Faculty in Karaikudi. His most vital contribution got here with the organising of the Alagappa College in Karaikudi. With this in hand, he persuaded prime minister Jawaharlal Nehru to determine the Central ElectroChemical Analysis Institute on its campus by donating 300 acres of land and ₹15 lakhs. By now, a lot of his wealth had been gifted for varied causes, however Alagappa wasn’t fairly completed.

Approached by ladies in his village who lacked a university to review in, he donated his home for the aim. This marked the genesis of a exceptional academic motion that would depart an indelible mark on the panorama of Tamil Nadu.

The British authorities knighted him for his contributions, however he returned the award after independence. Higher recognition adopted with the Padma Bhushan in 1957, the very 12 months that his life was lower quick by superior most cancers. He was simply 48. In his quick, impactful life, he exemplified the interconnectedness of financial progress and social development with training not simply an act of charity however a strategic crucial for nationwide improvement.

Below the stewardship of his daughter, Umayal Ramanathan and his grandson Ramanathan Vairavan, his dream of training has been carried ahead in all his establishments. To Ramanathan we additionally owe the one definitive biography of the person. Aptly titled A Lovely Thoughts, it’s a excellent epitaph to this deeply non secular man who believed in windfall but additionally in striving to his utmost.

Additionally Learn: Purshottamdas Thakurdas: The cotton dealer whose financial imaginative and prescient India ignored



Source link

Tags: AlagappaChettiarsFortunelegacyphilanthropy
ShareTweetShareShare
Previous Post

Keep in your cellphone for the Film Mate screening of M3GAN

Next Post

Palestinian activist’s deportation a ‘violation of free speech,’ says advocate | Hanomansing Tonight

Related Posts

Reimagining the budget to reinvigorate reforms

Reimagining the budget to reinvigorate reforms

by Index Investing News
January 31, 2026
0

Newsrooms and budgets have a complicated relationship where the urgency of the present often has to confront the almost mundane...

Great power rivalry between the US and China is putting the developing world at risk

Great power rivalry between the US and China is putting the developing world at risk

by Index Investing News
January 27, 2026
0

More than three decades ago, the legendary Warren Buffett returned a call to a fact-checker, explaining what he meant when...

Japan Left Waiting As .2BN US Arms Deliveries Stall, Ukraine Prioritized – FREEDOMBUNKER

Japan Left Waiting As $7.2BN US Arms Deliveries Stall, Ukraine Prioritized – FREEDOMBUNKER

by Index Investing News
January 23, 2026
0

After nearly four years of the Russia-Ukraine war, and the US having throughout poured billions into Kiev's military and civic...

Use boycotts as check on Trump –
Las Vegas Sun News

Use boycotts as check on Trump – Las Vegas Sun News

by Index Investing News
January 19, 2026
0

Monday, Jan. 19, 2026 | 2 a.m. Those who are upset at President Donald Trump’s recent foreign policy actions and...

How To Stop An Impulse Purchase

How To Stop An Impulse Purchase

by Index Investing News
January 13, 2026
0

Have you ever made a purchase you weren’t intending to make? Maybe you saw a beautiful handbag and thought to...

Next Post
Palestinian activist’s deportation a ‘violation of free speech,’ says advocate | Hanomansing Tonight

Palestinian activist's deportation a 'violation of free speech,' says advocate | Hanomansing Tonight

How I Stopped Losing Cash: 5 Habits That Had been Costing Me!

How I Stopped Losing Cash: 5 Habits That Had been Costing Me!

RECOMMENDED

Rams reveal more concerning injury for Matthew Stafford

Rams reveal more concerning injury for Matthew Stafford

December 5, 2022
Multichain Halts Operations, Warning Users of Mysterious 6M Outflow

Multichain Halts Operations, Warning Users of Mysterious $126M Outflow

July 9, 2023
Azerbaijan arrests two journalists investigating political corruption | Freedom of the Press News

Azerbaijan arrests two journalists investigating political corruption | Freedom of the Press News

November 21, 2023
‘The Kardashians’ Recap: Kim Kardashian Details Extreme Weight Loss Program for Marilyn Monroe Met Gala Look

‘The Kardashians’ Recap: Kim Kardashian Details Extreme Weight Loss Program for Marilyn Monroe Met Gala Look

November 3, 2022
Chinese telecoms groups Huawei and ZTE barred from US sales

Chinese telecoms groups Huawei and ZTE barred from US sales

November 26, 2022
Politicians are tearing down the guardrails because they’re convinced they’re always right

Politicians are tearing down the guardrails because they’re convinced they’re always right

April 10, 2023
Washington Capitals Alex Ovechkin scores 800th goal on hat trick

Washington Capitals Alex Ovechkin scores 800th goal on hat trick

December 14, 2022
Best MLB strikeout bets: A trio of K props for Opening Day

Best MLB strikeout bets: A trio of K props for Opening Day

March 28, 2024
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In