T. A. Pai

2021-07-10T06:11:41Z

2405:204:8:9F93:8D73:3724:3E39:BFC6:

{{About|banker|philanthropist|T. M. A. Pai}}
{{Use Indian English|date=December 2015}}
{{Use dmy dates|date=December 2015}}
{{Infobox person
| name = Tonse Ananth Pai
| honorific_suffix =
| image =
| birth_date = {{Birth date|1920|01|17|df=yes}}
| death_date = {{Death date and age|1981|05|29|1922|01|17|df=yes}}
| nationality = [[Indian people|Indian]]
| birth_place =
| alma_mater = [[Sydenham College of Commerce and Economics|Sydenham College of Commerce and Economics, Mumbai]]
| occupation = {{hlist|Banker|Politician}}
| website =
| parents = Tonse Upendra Ananth Pai
| relatives = {{ubl|[[Tonse Ramesh Upendra Pai|Ramesh Pai]] (Brother)|[[T. M. A. Pai]] (Uncle)|[[Ramdas Pai]] (Cousin)}}
}}

'''Tonse Ananth Pai''' (abbreviated: T. A. Pai), (17 January 1922 – 29 May 1981) was an Indian banker and politician, who was responsible for the success of [[Syndicate Bank]] as its general manager and later as chairman. He is also the founder of [[T. A. Pai Management Institute]].<ref>[http://www.mbauniverse.com/admissions/institute_profile1.php?institute_id=480 T. A. Pai Management Institute (TAPMI), Manipal, Karnataka]</ref>

==Early life and career==
He was the eldest of four sons of Tonse Upendra Pai. He was the nephew of Dr. [[T. M. A. Pai]]. After his early childhood spent in [[Udupi]] district, he graduated in Commerce from [[Sydenham College of Commerce and Economics]] in 1943.<ref>{{Cite web|last1=February 19|first1=S. C. Anantharanan|last2=January 15|first2=2015 ISSUE DATE|last3=April 6|first3=1976UPDATED|last4=Ist|first4=2015 16:26|title=We would prefer Indians residing abroad to invest capital in selected industries: T.A. Pai|url=https://www.indiatoday.in/magazine/interview/story/19760115-we-would-prefer-indians-residing-abroad-to-invest-capital-in-selected-industries-t.a.-pai-819024-2015-02-19|access-date=2021-05-05|website=India Today|language=en}}</ref> He worked at [[Syndicate Bank]], which had been established by one of his relatives and in 1970 the [[Government of India]] appointed him as the chairman of [[Life Insurance Corporation]] after [[Syndicate Bank]] got nationalized.<ref>{{Cite web|last=Sudhindra|first=S.|title=The man who took banking to the masses|url=https://www.thehindubusinessline.com/opinion/the-man-who-took-banking-to-the-masses/article33602498.ece|access-date=2021-05-05|website=@businessline|language=en}}</ref> He was the first chairman of the [[Indian Institute of Management Bangalore]].<ref>http://www.iimb.ernet.in/about-iimb/history</ref>

==Political career==
He was elected to the [[Rajya Sabha]] in 1972 and was appointed the Union Minister for Railways. In 1973, he was given the responsibility for the newly created Ministry of Heavy Industries, and subsequently, additional charge of the Ministry of Steel and Mines. Pai took over the responsibility of the Ministry of Industry and Civil Supplies in 1974.

He represented [[Udupi (Lok Sabha constituency)|Udupi]] [[Lok Sabha]] constituency in 1977 as an [[Indian National Congress]] candidate. In 1979 when [[D. Devaraj Urs]] parted ways with [[Indian National Congress]] and created [[Indian National Congress (U)]], Pai joined him and moved to the new party.<ref>{{Cite news|last=Ramachandra|first=C. M.|date=2014-11-23|title=Of a political landmark in Bengaluru|language=en-IN|work=The Hindu|url=https://www.thehindu.com/opinion/open-page/of-a-political-landmark-in-bengaluru/article6625410.ece|access-date=2021-05-05|issn=0971-751X}}</ref><ref>{{Cite web|last1=January 29|first1=Sunil Sethi Prabhu Chawla|last2=November 30|first2=2015 ISSUE DATE|last3=March 30|first3=1979UPDATED|last4=Ist|first4=2015 17:29|title=Alliance between Chaudhary Charan Singh and Devraj Urs nothing but a marriage of convenience|url=https://www.indiatoday.in/magazine/cover-story/story/19791130-alliance-between-chaudhary-charan-singh-and-devraj-urs-nothing-but-a-marriage-of-convenience-818030-2015-01-29|access-date=2021-05-05|website=India Today|language=en}}</ref> In the [[1980 Indian general election]] he contested again from [[Udupi (Lok Sabha constituency)]] as a nominee of [[Indian National Congress (U)]] and lost elections to [[Oscar Fernandes]].<ref>{{Cite web|title=The underdog story of Oscar Fernandes|url=https://www.newindianexpress.com/states/karnataka/2009/apr/02/the-underdog-story-of-oscar-fernandes-37852.html|access-date=2021-05-05|website=The New Indian Express}}</ref><ref>{{Cite web|last1=January 16|first1=Ajay Singh|last2=June 15|first2=2015 ISSUE DATE|last3=February 23|first3=1978UPDATED|last4=Ist|first4=2015 12:26|title=Congress Party seems to be heading for yet another split|url=https://www.indiatoday.in/magazine/indiascope/story/19780615-congress-party-seems-to-be-heading-for-yet-another-split-818607-2015-01-16|access-date=2021-05-05|website=India Today|language=en}}</ref>

In 1977, Pai was one among the three ministers from the cabinet of [[Indira Gandhi]] who were examined by [[Shah Commission]] on emergency excesses.<ref>{{Cite web|date=2018-12-20|title=November 21, 1977, Forty Years Ago: Janata brainstorming|url=https://indianexpress.com/article/opinion/editorials/november-21-1977-forty-years-ago-janata-brainstorming-4946864/|access-date=2021-05-06|website=The Indian Express|language=en}}</ref> Pai gave testimony against [[Indira Gandhi]] saying the ministry was 'under siege' and he protested the decisions.<ref>{{Cite web|last1=March 23|first1=Sunil Sethi|last2=October 31|first2=2015 ISSUE DATE|last3=April 2|first3=1977UPDATED|last4=Ist|first4=2015 17:50|title=Shah Commission's proceedings brought to a sudden halt with the arrest of Indira Gandhi|url=https://www.indiatoday.in/magazine/indiascope/story/19771031-shah-commissions-proceedings-brought-to-a-sudden-halt-with-the-arrest-of-indira-gandhi-818801-2015-03-23|access-date=2021-05-06|website=India Today|language=en}}</ref> The 1998 book by [[Australians|Australian]] journalist, [[Hamish McDonald]] titled [[The Polyester Prince]] made references about Pai and his relationship with [[Dhirubhai Ambani]].<ref>{{Cite book|last=McDonald|first=Hamish|url=https://books.google.com/books?id=i9FbBAAAQBAJ|title=Ambani & Sons|date=2012-11-02|publisher=Roli Books Private Limited|isbn=978-81-7436-943-7|language=en}}</ref> The book that was banned in [[India]] accused that there was gross tax minimization done during Pai's tenure by [[Reliance Industries]] by using a company named MyNylon Ltd. a private limited company incorporated in 1973 by Pai family at [[Karnataka]].<ref>{{Cite web|title=The Unhappy Prince: How Reliance Buried a Book|url=https://thewire.in/books/the-unhappy-prince-how-dhirubhai-ambani-buried-a-book|access-date=2021-05-06|website=The Wire}}</ref>

==Awards==
He was conferred the [[Padma Bhushan]] by the Government of India in 1972.<ref>[http://india.gov.in/myindia/padmabhushan_awards_list1.php?start=770 Padma Bhushan Awardees]</ref> He was awarded the degree of D.Litt. by the [[Karnataka University]] in 1973. The [[Andhra University]] decorated him with the degree of D.Litt. in 1975.

==References==
{{Reflist}}
*http://www.kla.kar.nic.in/assembly/elib/pdf/eresources/T%20A%20PAI.pdf

{{Energy Ministries and Departments of India}}
{{Ministry of Commerce and Industry (India)}}
{{PadmaBhushanAwardRecipients 1970–79}}
{{Authority control}}

{{DEFAULTSORT:Pai, T. A.}}
[[Category:Mangaloreans]]
[[Category:1981 deaths]]
[[Category:1922 births]]
[[Category:People from Dakshina Kannada district]]
[[Category:Recipients of the Padma Bhushan in civil service]]
[[Category:6th Lok Sabha members]]
[[Category:Lok Sabha members from Karnataka]]
[[Category:Rajya Sabha members from Karnataka]]
[[Category:People from Udupi district]]
[[Category:Commerce and Industry Ministers of India]]

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T. A. Pai