A. Sivasailam Explained

A. Sivasailam
Birth Date:1934 8, df=yes
Birth Place:Alwarkurichi, Tirunelveli district, Madras Presidency, British India
Death Place:Kasturba Hospital, Manipal, Karnataka, India
Alma Mater:Loyola College, Chennai
Occupation:Industrialist
Educationist
Philanthropist
Yearsactive:1957–2011
Known For:Amalgamations Group
Spouse:Indira Sivasailam
Children:Mallika Srinivasan
Jayashree Venkatraman
Parents:S. Anantharamakrishnan (father)
Awards:Padma Shri
NIQA Outstanding Industrialist Award
SAE India Lifetime Achievement Award
SIAM Lifetime Achievement Award
AIMA Distinguished Service Award
ACMAI Golden Jubilee Lifetime Contribution Award

Anantharamakrishnan Sivasailam (24 August 1934 – 12 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 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 elder of his two sons. 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. 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, with an annual output of 100,000 tractors and a turnover of 1.6 billion.

Sivasailam, a former president of the ASSOCHAM, was the president of the Society of Indian Automobile Manufacturers for two consecutive terms (1970, 1971) and served as the Sheriff of Madras for two years, from 1969 to 1970. 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. 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. 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). 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, he was included in the Republic Day honours list in 2007 by the Government of India for the civilian award of the Padma Shri.

Sivasailam, died on 12 January 2011 at Kasturba Hospital, Manipal, following a cardiac arrest.[10] His wife, Indira Sivasailam, had preceded him in death; the couple were survived by both their daughters.[11] The elder daughter, Mallika Srinivasan, a Wharton School of Business alumnus,[12] is the chairman and chief executive officer of Tractors and Farm Equipment Limited. She is the wife of 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.

See also

Notes and References

  1. Web site: Industrialist A. Sivasailam passes away . The Hindu. 12 January 2012 . 14 January 2016.
  2. Web site: Amalgamations family . Forbes . 2015 . 14 January 2016.
  3. Web site: Society of Indian Automobile Manufacturers President . Society of Indian Automobile Manufacturers . 2016 . 14 January 2016.
  4. Web site: Sivasailam – gentle, yet forceful . Business Line . 12 January 2011 . 14 January 2016.
  5. Web site: Padma Awards . Ministry of Home Affairs, Government of India . 2016 . 3 January 2016 . dead . https://web.archive.org/web/20151015193758/http://mha.nic.in/sites/upload_files/mha/files/LST-PDAWD-2013.pdf . 15 October 2015 .
  6. Web site: He oversaw Amalgamations Group's rise to a Rs 7k-cr giant . Business Standard. 12 January 2011 . 14 January 2016.
  7. Web site: History . TAFE . 2016 . 14 January 2016 . https://web.archive.org/web/20160117100334/http://www.tafe.com/aboutus.php . 17 January 2016 . dead .
  8. Web site: History in Making . Slide Share . 2016 . 14 January 2016.
  9. Web site: Tributes paid to Anantharamakrishnan . https://web.archive.org/web/20060412054851/http://www.thehindu.com/2005/11/12/stories/2005111217030400.htm . dead . 12 April 2006 . 12 November 2005 . . 14 January 2016.
  10. Web site: Amalgamations group chief Sivasailam passes away . Deccan Herald. 12 January 2011 . 14 January 2016.
  11. Web site: Indira Sivasailam passes away . Business Line . 24 December 2008 . 14 January 2016.
  12. Web site: Amalgamations Group's succession planning focus on theme 'unity': Mallika Srinivasan . Economic Times. 8 November 2011 . 14 January 2016.
  13. Web site: Next gen of Chennai-based family biz groups sits pretty at helm . The Financial Express. 6 March 2013 . 14 January 2016.