Palanivel Thiagarajan Explained

Dr. Palanivel Thiagarajan
Office:Minister for Information Technology and Digital Services Tamil Nadu
1Blankname:Chief Minister
1Namedata:M. K. Stalin
Term Start:11 May 2023
Predecessor:Mano Thangaraj
Office1:Minister of Finance in The Government of Tamil Nadu
Termstart1:7 May 2021
Termend1:10 May 2023
2Namedata1:M. K. Stalin
2Blankname1:Chief Minister
Predecessor1:O. Panneerselvam
Successor1:Thangam Thennarasu
Office2:Member of Tamil Nadu Legislative Assembly
Term Start2:25 May 2016
Constituency2:Madurai Central
Predecessor2:R. Sundarrajan
Birth Date:7 March 1966
Birth Place:Madurai, Madras State
(now Tamil Nadu), India
Nationality:Indian
Relations:P. T. Rajan (grandfather)
Parents:Rukmani (mother)
P. T. R. Palanivel Rajan (father)
Spouse:Margaret Thiagarajan
Children:2
Party:Dravida Munnetra Kazhagam
Alma Mater:The Lawrence School, Lovedale
National Institute of Technology, Tiruchirappalli (BTech)
University at Buffalo (M.S., PhD)
MIT Sloan School of Management (MBA)
Website:http://www.ptrmadurai.com/

Dr. Palanivel Thiagarajan (PTR) is an Indian politician and the current Minister of Information Technology and Digital Services of Tamil Nadu.[1] He was elected to the Tamil Nadu Legislative Assembly election in 2016 and 2021 from Madurai Central.[2] [3]

Early life

He is the son of the late P. T. R. Palanivel Rajan, who was also a well-known politician in Tamil Nadu. His grandfather, P. T. Rajan, was the Chief Minister of Madras Presidency from 4 April 1936, to 24 August 1936.

Following his schooling at The Lawrence School, Lovedale, and Vikaasa School, Madurai, Thiagarajan, he graduated with a degree in chemical engineering from the National Institute of Technology, Tiruchirappalli (formerly, Regional Engineering College, Tiruchirappalli). He obtained a master's degree in operations research and a Ph.D. in human factors engineering/engineering psychology at University at Buffalo. He then completed his MBA in financial management at MIT Sloan School of Management.[4] He is a patent holder of Methods & systems for providing structured loan commitment transactions.

Corporate career

He began his career in 1990 as an independent consultant in Operations and Systems Improvement.[5] In 2001 he joined Lehman Brothers Holdings Inc. as Trader and Co-Portfolio Manager – Firm Relationship Loan Portfolio.[6] [7] He quit Lehman Brothers Holdings Inc. as Head Of Offshore Capital Markets in the year 2008.[8] He then worked for Standard Chartered Bank, Singapore in the Global Capital Markets division. He quit Standard Chartered Bank as Managing Director, Financial Markets Sales in 2014.

Political career

Thiagarajan was elected as the Member of the Legislative Assembly (MLA) from Madurai Central Assembly constituency in the 2016 Tamil Nadu Legislative Assembly election. He was re-elected in the 2021 Tamil Nadu Legislative Assembly election.

He was the Finance and Human Resources Management Minister of Tamil Nadu since May 2021.[9] He has released a White Paper on Tamil Nadu's finances after a long time.[10] In a cabinet reshuffle on May 11, 2023 by the Tamil Nadu government, he was made as the Information Technology and Digital Services minister of the state.[11]

Ministry

Designation! rowspan="2"
PortfolioPartyMinistryTenure
Took officeLeft office
Minister of Information Technology & Digital ServicesInformation Technology and Digital Services[12] DMKM.K.Stalin11 May 2023Incumbent
Minister of Finance and Human Resources ManagementFinance, Planning, Personal and Administrative Reforms, Pensions and Pension allowances.7 May 202110 May 2023

Electoral performance

Party!Result!% Votes
2016 Tamil Nadu Legislative Assembly electionMadurai CentralDMK42.55%
2021 Tamil Nadu Legislative Assembly electionMadurai CentralDMK49.47%

Detailed performance

Personal life

He married Margaret, whom he met at University at Buffalo where he was pursuing his Ph.D. while she was pursuing her Master's. They have two sons.[13]

Notes and References

  1. Web site: 2021-05-06. MK Stalin to head 34-member cabinet: PTR is Finance Minister, Ma Su gets Health. 2021-05-19. The News Minute. en.
  2. Web site: Tamil Nadu - Madurai Central 2016 . . 25 May 2016.
  3. Web site: Palanivel Thiagarajan Election Results 2021: News, Votes, Results of Tamil-nadu Assembly. 2021-06-08. NDTV.
  4. News: Unlike a politician. Basu. Soma. 2017-10-05. The Hindu. 2019-11-21. 0971-751X.
  5. Web site: 2021-05-06. Meet Palanivel Thiagarajan, the next Finance Minister of Tamil Nadu! What are his challenges?. 2021-05-20. The New Stuff. en.
  6. Web site: This Former Lehman Banker Is Betting On Legacy In TN Polls. The Huffington Post. 24 April 2016 . 2016-05-07.
  7. Web site: From Wall Street to TN assembly polls: Will Thiagarajan be able to make his mark in politics?. CatchNews.com. 2016-05-07.
  8. News: Wall Street banker P Thiaga Rajan contests elections from temple town Madurai. The Economic Times. 2016-05-07. Narayanan . Dinesh .
  9. Web site: Sivapriyan. ETB. 2021-05-30. Palanivel Thiagarajan: Former banker looks to fix Tamil Nadu's finances. 2021-06-08. Deccan Herald. en.
  10. Web site: Tamil Nadu releases white paper on economy; says GSDP rate declined by 3% in a decade . .
  11. Web site: Portfolios of 5 TN mins changed; PTR gets tech, Thennarasu gets finance . . 11 May 2023 .
  12. News: ThePrint . 11 May 2023 . 'Big demotion' for PTR? DMK leader dropped as finance minister in reshuffle, given IT instead . 21 December 2023 . https://web.archive.org/web/20231221063337/https://theprint.in/politics/big-demotion-for-ptr-dmk-leader-dropped-as-finance-minister-in-reshuffle-given-it-instead/1567701/ . 21 December 2023.
  13. News: This American is part of the campaign for Madurai Central. The Times of India. 2 May 2016 . 2016-05-07.