A. Sivasailam
The President, Dr. A.P.J. Abdul Kalam presenting Padma Shri to Shri Anantharamakrishnan Sivasailam, at an Investiture-II Ceremony at Rashtrapati Bhavan in New Delhi on April 05, 2007.jpg
The President, Dr. A.P.J. Abdul Kalam presenting Padma Shri to Shri Anantharamakrishnan Sivasailam, at an Investiture-II Ceremony at Rashtrapati Bhavan in New Delhi on 5 April 2007
Born(1934-08-24)24 August 1934
Died11 January 2011(2011-01-11) (aged 76)
Alma materLoyola College, Chennai
OccupationIndustrialist
Educationist
Philanthropist
Years active1957–2011
Known forAmalgamations Group
Spouse(s)Indira Sivasailam
ChildrenMallika Srinivasan
Jayashree Venkatraman
Parent(s)S. Anantharamakrishnan (father)
AwardsPadma Shri
NIQA Outstanding Industrialist Award
SAE India Lifetime Achievement Award
SIAM Lifetime Achievement Award
AIMA Distinguished Service Award
ACMAI Golden Jubilee Lifetime Contribution Award
WebsiteWebsite of Amalgamations Group

Anantharamakrishnan Sivasailam (24 August 1934 – 11 January 2011) was an Indian industrialist, educationist, philanthropist and a former chairman and managing director of Amalgamations Group of Industries, a 70 billion conglomerate hosting a workforce of over 12,000 (as of 2011).[1] He headed the business family which was listed by Forbes as the 37th richest in India in 2015, with a net worth of US$ 2.5 billion.[2] He was the president of the Society of Indian Automobile Manufacturers (1970, 1971)[3] and ASSOCHAM and held the office of the Sheriff of Madras during 1969–1970.[4] The Government of India awarded him the fourth highest civilian honour of the Padma Shri, in 2007, for his contributions to Indian industry.[5]

Biography

Sivasailam was born on 24 August 1934, at Alwarkurichi in Tirunelveli district, which is now the south Indian state of Tamil Nadu, to S. Anantharamakrishnan, the founder of Amalgamations Group, as the eldest of his two sons.[4] He graduated in commerce from Loyola College, Chennai, of the University of Madras and started his career as an accountant at a chartered accountancy firm in London where he worked for four years.[6] In 1957, he joined his father in their family business as a comptroller and treasurer and took over Tractors and Farm Equipment Limited (TAFE), an industrial venture started by the group in 1960,[7] as its general manager, in 1961.[8] He continued heading TAFE for 7 years and subsequent to his father's death in 1964, he took over the leadership of the group's business and became the chairman of the group officially in 1968, with his brother, A. Krishnamurthy, as its vice chairman.[9] He held the position till his death in 2011 and the group grew during this period from a 350 million business to 70 billion conglomerate, composed of 48 subsidiaries and 12,000 strong workforce.[1] The Tractors and Farm Equipment Limited, the flagship company of the group, has since become the largest exporter and the second largest manufacturer of agricultural tractors in India,[6] with an annual output of 100,000 tractors and a turnover of US$1.6 billion.[8]

Sivasailam, a former president of the ASSOCHAM, was the president of the Society of Indian Automobile Manufacturers for two consecutive terms (1970, 1971)[3] and served as the Sheriff of Madras for two years, from 1969 to 1970.[4] He was associated with the Madras Chamber of Commerce and Industry and the Indian Institute of Technology Madras and was the founder of the Paramakalyani Group of educational institutions, Alwarkurichi and the Institute of Environment Sciences at the Manonmaniam Sundaranar University, Tirunelveli.[1] The Tamil Nadu Agricultural University honored him with the degree of Doctor of Science (Honoris Causa) and the National Institute of Quality Assurance awarded him the Outstanding Industrialist Award.[1] He received Lifetime Achievement Awards from SAE India and the Society of Indian Automobile Manufacturers (SIAM) and Distinguished Service Award from the All India Management Association (AIMA).[1] A recipient of the Golden Jubilee Lifetime Contribution Award by the Automotive Component Manufacturers Association of India and an elected Fellow of the Institute of Directors, London,[8] he was included in the Republic Day honours list in 2007 by the Government of India for the civilian award of the Padma Shri.[5]

Sivasailam, died on 11 January 2011 at Kasturba Hospital, Manipal, following a cardiac arrest.[10] His wife, Indira, had preceded him in death, and the couple had two daughters.[11] The eldest, Mallika Srinivasan, a Wharton School of Business alumnus,[12] is the chairman and chief executive officer of Tractors and Farm Equipment Limited and she is married to Venu Srinivasan, chairman of the TVS Group.[13] The younger daughter is Jayashree Venkatraman, a director of TAFE and the wife of Murali Venkatraman, the managing director of WS Industries, a Chennai-based industrial group.[4]

See also

References

  1. ^ a b c d e "Industrialist A. Sivasailam passes away". The Hindu. 12 January 2012. Retrieved 14 January 2016.
  2. ^ "Amalgamations family". Forbes. 2015. Retrieved 14 January 2016.
  3. ^ a b "Society of Indian Automobile Manufacturers President". Society of Indian Automobile Manufacturers. 2016. Retrieved 14 January 2016.
  4. ^ a b c d "Sivasailam – gentle, yet forceful". Business Line. 12 January 2011. Retrieved 14 January 2016.
  5. ^ a b "Padma Awards" (PDF). Ministry of Home Affairs, Government of India. 2016. Archived from the original (PDF) on 15 November 2014. Retrieved 3 January 2016.
  6. ^ a b "He oversaw Amalgamations Group's rise to a Rs 7k-cr giant". Business Standard. 12 January 2011. Retrieved 14 January 2016.
  7. ^ "History". TAFE. 2016. Archived from the original on 17 January 2016. Retrieved 14 January 2016.
  8. ^ a b c "History in Making". Slide Share. 2016. Retrieved 14 January 2016.
  9. ^ "Tributes paid to Anantharamakrishnan". The Hindu. 12 November 2005. Archived from the original on 12 April 2006. Retrieved 14 January 2016.
  10. ^ "Amalgamations group chief Sivasailam passes away". Deccan Herald. 12 January 2011. Retrieved 14 January 2016.
  11. ^ "Indira Sivasailam passes away". Business Line. 24 December 2008. Retrieved 14 January 2016.
  12. ^ "Amalgamations Group's succession planning focus on theme 'unity': Mallika Srinivasan". Economic Times. 8 November 2011. Retrieved 14 January 2016.
  13. ^ "Next gen of Chennai-based family biz groups sits pretty at helm". The Financial Express. 6 March 2013. Retrieved 14 January 2016.