Meraki03: fixed intro to improve readability and fixed typos per sources

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+#REDIRECT [[M. Ct. M. Chidambaram Chettiar]]
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-| name        = Muttaiya Chidambaram Chettiar<br>Muthiah Chidambaram Chettiar
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>Ser Amantio di Nicolao: Removing from Category:Indian philanthropists in subcat using Cat-a-lot

2021-07-11T17:30:02Z

Removing from Category:Indian philanthropists in subcat using Cat-a-lot

New page

{{Use Indian English|date=July 2015}}
{{Use dmy dates|date=July 2015}}
{{Infobox person
| name = Muttaiya Chidambaram Chettiar<br>Muthiah Chidambaram Chettiar
| image =
| image_size = 200px
| caption = Statue of Chidambaram Chettyar at the entrance to the Travancore Rayons Limited factory, [[Rayonpuram]] [[Perumbavoor]]
| birth_name =
| birth_date = {{Birth date|df=yes|1908|08|02}}
| birth_place = [[Kanadukathan]], [[Madras Presidency]], [[British India]]<br>(present day [[Tamil Nadu]], India)
| death_date = {{Death date and age|df=yes|1954|03|13|1908|08|02}}
| death_place = [[Singapore]]
| death_cause = Plane crash
| resting_place =
| resting_place_coordinates =
| residence =
| nationality = [[Indian people|Indian]]
| other_names =
| known_for = Founding [[Indian Overseas Bank]] (IOB)
| education =
| employer =
| occupation = {{hlist|[[Banker]]|[[Industrialist]]}}
| spouse = C. Valliammai Achi
| children = 2
| signature =
| website =
| footnotes =
}}

'''Muttaiya Chidambaram Chettiar Muthiah Chidambaram Chettiar''' (2 August 1908 {{endash}} 13 March 1954) was an Indian [[industrialist]] and [[banker]] who founded the [[Indian Overseas Bank]]. He was a member of the [[M. Ct. family]].

== Early life and education ==

Chidambaram Chettyar was born at [[Kanadukathan]] on 2 August 1908. His father [[Sir M Ct. Muthiah Chettiar]] (1887-1929) was a banker who served as a member of the [[Imperial Legislative Council of India]]. Muthiah Chettiar was a nephew of [[Ramaswami Chettiar]], founder of the [[Indian Bank]] and [[Sir Annamalai Chettiar]], the first [[Raja of Chettinad]].

Chidambaram Chettyar had his early education at Madras Christian College High School but discontinued his education in the middle to pursue the family business of banking.

== Career ==

Chidambaram Chettyar succeeded his father as a director of the [[Indian Bank]] on the latter's death in 1929. Chidambaram Chettyar soon emerged as one of the top industrialists in the country. On 10 February 1937, he founded the [[Indian Overseas Bank]], which concentrated on improving the country's industrial sector. The bank began business simultaneously from its branches at [[Karaikudi]] and [[Rangoon]]. Chidambaram Chettyar was also one of the founders of [[United India Assurance]].

In 1944, with the assistance of [[Sir C. P. Ramaswami Iyer]] and British technical expertise, Chidambaram Chettyar founded the [[Travancore Rayons Limited]], with a factory near [[Perumbavoor]]. The Travancore Rayons Limited was the first [[rayon]] manufacturing company in India. Chidambaram Chettyar also served as a director of Indian Bank from 1930 to 1940 and 1945 to 1949.

== Death ==

Chidambaram Chettyar died on 13 March 1954 when the [[British Overseas Airways Corporation|British Overseas Airways]] flight Lockheed L-749A Constellation, G-ALAM on which he was travelling, crashed at [[Kallang Airport]], [[Singapore]], when it landed short and struck a sea wall after a flight from [[Jakarta]], killing 33 people out of 40 passengers and crew on board.

== Family ==

Chidambaram Chettyar was married to Valliammai Achi. They had two sons - [[M. Ct. Muthiah|Muthiah]] and [[M. Ct. Pethachi|Pethachi]].

== References ==

* {{cite news|title=Building a bank, the MCt. way|url=http://www.hindu.com/biz/2004/04/12/stories/2004041200331800.htm|work=[[The Hindu]]|date=12 April 2004}}
* {{cite web|title=Founder|publisher=[[Indian Overseas Bank]]|url=http://www.iobplatinum.com/Founder.aspx|url-status=dead|archiveurl=https://web.archive.org/web/20110506163431/http://www.iobplatinum.com/Founder.aspx|archivedate=6 May 2011|df=dmy-all}}

{{Chettinad Villages}}
{{Authority control}}

{{DEFAULTSORT:Chettyar, M. Ct. M. Chidambaram}}
[[Category:1908 births]]
[[Category:1954 deaths]]
[[Category:Indian bankers]]
[[Category:Indian company founders]]
[[Category:Businesspeople from Tamil Nadu]]
[[Category:Victims of aviation accidents or incidents in India]]
[[Category:Indian businesspeople in textiles]]
[[Category:Indian industrialists]]
[[Category:Members of Central Legislative Assembly of India]]
[[Category:20th-century Indian philanthropists]]

M. Ct. M. Chidambaram Chettyar - Revision history

Meraki03: fixed intro to improve readability and fixed typos per sources

>Ser Amantio di Nicolao: Removing from Category:Indian philanthropists in subcat using Cat-a-lot