V. G. Panneerdas Explained

V. G. Panneerdas
Birth Place:Azhagappapuram Valliyur, Thirunelveli District, Tamil Nadu, India
Occupation:Founder of VGP Group of Companies
Spouse:Parijatham

V. G. Panneerdas was the founder of VGP Group of Companies.[1] His story is one of the rags to riches.[2] He started as a poor man from a remote village called Azhagappa puram near Valliyur in Tamil Nadu, India in the Tirunelveli District. This is often confused by a lot of people with another village of the same name near Nagercoil in the Kanyakumari District. He moved to Chennai in search of opportunities. In 1955, he opened a shop selling items such as alarm clocks, watches and wall clocks.[3] He was the pioneer in South India to introduce Hire Purchase for everyday goods.[4] He built the VGP company from virtually nothing to its present status as a group of companies including retail, real estate and property development, resorts and amusement parks (including VGP Universal Kingdom),[5] and video and audio studios.

Notes and References

  1. News: VGP Trade Centre to be opened on April 16. The Hindu Business Line. 1 April 2004.
  2. https://web.archive.org/web/20160304134445/http://www.newindianexpress.com/cities/chennai/article395029.ece "Book on retail business house released"
  3. http://www.rediff.com/business/slide-show/slide-show-1-businessmen-who-shaped-chennais-economy/20111209.htm#9 "Businessmen who shaped Tamil Nadu's economy"
  4. News: A myth called Islamic banking. DNA. 21 October 2006.
  5. http://www.hindu.com/rp/2008/02/24/stories/2008022450210400.htm "Bringing Disneyland to Chennai"