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| {{Use Indian English|date=July 2015}}
| | #REDIRECT [[M. Ct. M. Chidambaram Chettiar]] |
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| {{Infobox person
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| | name = Muttaiya Chidambaram Chettiar<br>Muthiah Chidambaram Chettiar
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| | image =
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| | image_size = 200px
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| | caption = Statue of Chidambaram Chettyar at the entrance to the Travancore Rayons Limited factory, [[Rayonpuram]] [[Perumbavoor]]
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| | birth_name =
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| | birth_date = {{Birth date|df=yes|1908|08|02}}
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| | 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}}
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| | death_place = [[Singapore]]
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| | death_cause = Plane crash
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| | resting_place =
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| | residence =
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| | nationality = [[Indian people|Indian]]
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| | other_names =
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| | known_for = Founding [[Indian Overseas Bank]] (IOB)
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| | education =
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| | employer =
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| | occupation = {{hlist|[[Banker]]|[[Industrialist]]}}
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| | spouse = C. Valliammai Achi
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| | children = 2
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| | signature =
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| | website =
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| | footnotes =
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| }} | | }} |
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| '''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]].
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| == Early life and education ==
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| 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]].
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| 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.
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| == Career ==
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| 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]].
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| 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.
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| == Death ==
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| 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.
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| == Family ==
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| Chidambaram Chettyar was married to Valliammai Achi. They had two sons - [[M. Ct. Muthiah|Muthiah]] and [[M. Ct. Pethachi|Pethachi]].
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| == References ==
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| * {{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}}
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| * {{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}}
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| {{Chettinad Villages}}
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| {{Authority control}}
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| {{DEFAULTSORT:Chettyar, M. Ct. M. Chidambaram}}
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| [[Category:1908 births]]
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| [[Category:1954 deaths]]
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| [[Category:Indian bankers]]
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| [[Category:Indian company founders]]
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| [[Category:Businesspeople from Tamil Nadu]]
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| [[Category:Victims of aviation accidents or incidents in India]]
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| [[Category:Indian businesspeople in textiles]]
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| [[Category:Indian industrialists]]
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| [[Category:Members of Central Legislative Assembly of India]]
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| [[Category:20th-century Indian philanthropists]]
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