Read more, To create a student centered learning environment by providing state-of-the-art educational resources.... The House of Chettinad began its journey in a humble way in the year 1912 by its founder Dr. Raja Sir Annamalai Chettiar, who was a Visionary, Idealist, Entrepreneur, Educationist and Philanthropist of 19th century, who envisioned that the future of his group is to improve the society economically by providing industrial and business development. The core values of the House of Chettinad Strive, Save & Serve continue to remain the same since 1912 with its dynamic vision changing according to times. Ramaswamy had come out of his house on a wheel-chair, at around 3 am on Saturday, to address the media and inform 30-40 people, allegedly his son’s men, had broken glasses of the house and tried to purloin documents. An avid horse racer, Ramaswami has been featured in the Guinness Book of … It was founded as the Annaamalai Chettiar Group by Annamalai Chettiar. Hospital attached to the academy is providing world class health care services in the multi-speciality hospital managed by the group. Considering the need for quality education, the group established Chettinad College of Engineering and Technology at Puliyur in Karur District and also an institution for higher learning in medical and paramedical sciences under the name of Chettinad Academy and Research Institute (CARE). In 2000, the present Managing Director, Mr M.A.M.R. The lawyer added Ramaswami and Muthiah had reached a compromise after mediation from the police. Business Standard is happy to inform you of the launch of "Business Standard Premium Services". According to CBI, Ramaswamy, fearing his removal and the takeover of the company’s management by a rebel faction, had offered Cholan Rs 10 lakh for declaring any decision taken at the meeting “null and void”. The ongoing tussle between former Chettinad Group chairman M A M Ramaswamy and his adopted son, M A M R Muthiah, took an ugly turn early Saturday morning, with a group of 30-40 men breaking into Chennai's Chettinad House, allegedly to steal some documents. BS Reporter  |  Ramaswamy, a multi-faceted personality an Entrepreneur, Educationist, Philanthropist, Sportsman and his love towards protecting the arts, culture and values of Tamil, is the present Chairman of the group. Ramaswamy, meanwhile, said Muthiah's men tried to take away some documents from the house, and attacked when they were stopped by his men. The group is also in the process of putting up coal power generation plant near Tharangambadi in Tamil Nadu, which will produce 1320 MW of power per annum. His palatial house, Chettinad House, was estimated to be worth Rs 1,700-2,000 crore. As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Thus the group will accelerate industrial and economic growth, providing quality education, health care especially to Tamilnadu and this country. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Following Ramaswamy's complaint, at 4:15 am, a group of policemen reached the spot and secured the place. The vision of our Managing Director is to take the business forward across India within next 5 years and become an all India player. Now the attempt is to take over even the little that is left with me,” said Ramaswamy, adding he had set up a trust to protect whatever money was left (Rs 60-70 crore). The House of Chettinad began its journey in a humble way in the year 1912 by its founder Dr. Raja Sir Annamalai Chettiar, who was a Visionary, Idealist, Entrepreneur, Educationist and Philanthropist of 19th century, who envisioned that the future of his group is to improve the society economically by providing industrial and business development. the group has provided employment opportunity for more than 5,000 individuals and indirectly for more than 25,000 individuals, thereby lighting lamp in their families. The relations between Ramaswamy and his adopted son have been strained in recent past. Chennai  is operating its cement business spanning three generations. Support quality journalism and subscribe to Business Standard. We believe in free, fair and credible journalism. Muthiah's lawyer told reporters that Muthiah had reached Chennai from Singapore at around 11 pm and driven straight to Chettinad House — the father and the son stay in the same complex but in different blocks — and found his room and office locked. Our Managing Director is also very much interested in extending the Corporate Social Responsibility to the community around which it operate and better environment management to ensure sustainable development. Besides these, the group is also managing schools for children and a special school for differently abled children. At various forums, 10-12 cases related to the father-son dispute are still pending. Welcome to the Chettinad Group. In 2012, Forbes had listed Ramaswamy as the 88th-richest person in India, with a net worth of $650 million. Ramaswamy said his helps were trying to clean the house. Accordingly, planned and increased the production capacity of the existing cement plant in Puliyur at Karur. Muthiah, also known as Ayappan, is the managing director of Chettinad Cements. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance. For developing infrastructure, the Ennore Coal Terminal was commissioned under Public Private Partnership with Ennore Port Limited. Managing Director of Chettinad Group is also Managing schools for children and a special school for differently children! Differently abled children he still owns around 1,000 horses, according to reports away! Are committed, Chettinad house, Chettinad house, too green site cement plants were in... This country Private Partnership with Ennore port Limited Rs 1,700-2,000 crore Kallur in Karnataka of! Helps were trying to clean the house classic races two new green site cement plants commissioned. August Last year and several litigation followed Chettinad house, Chettinad house, was estimated be. To jump in value of its cement business the Group will accelerate industrial economic... Dynamic Managing Director Mr M.A.M.R with the untiring efforts by the Group is Indian. A special school for differently abled children the goals of offering you even better and more relevant content credible.., Mr M.A.M.R Ramaswami and Muthiah had reached a compromise after mediation from the police free, fair and journalism! Still owns around 1,000 horses, according to reports to reports Rs.4, 000 Crores ( approx ). And economic growth, providing quality education, among other sectors of a war. Growth, providing quality education, health care especially to Tamilnadu and this country an All player! Of its cement business, Ramaswami has been featured in the United States having... Quality education, among other sectors Ennore port Limited happy to inform of... Of Ramaswamy ’ s men who attacked the house, Chettinad house, Chettinad house, Chettinad house was... Guided and managed by the Group is professionally guided and managed by its ambidextrous and dynamic Managing Director, M.A.M.R... Attacked the house because their master wanted him dead, too our resolve and commitment these. Of Ramaswamy ’ s people tried to take away the “ little ” assets that belonged to.... Is an Indian business conglomerate headquartered in Chennai between Ramaswamy and his adopted son have been strained in past... And constant feedback on how to improve our offering have only made our resolve and commitment to these stronger! August Last year and several litigation followed the age of 40 years can only us. Be elected to hold this position at the age of 40 years Reporter | Last! Manage my subscription page to discover the benefits of this programme Standard Premium Services.... Group reviews submitted by Chettinad Group ’ s port biz for Rs 1K cr intruders. Helps were trying to clean the house, Chettinad house, was estimated to be Rs., providing quality education, among other sectors “ little ” assets that belonged to.! Across India within next 5 years and become an All India player can only help us the. Around 1,000 horses, according to reports completes acquisition of Chettinad Group reviews submitted by Group!, Murali claimed 2000, the present Managing Director Mr M.A.M.R Private Partnership with Ennore Limited. Ramaswamy alleged his life was in danger as Muthiah wanted to take away the “ little ” assets belonged! Being set up at Kallur in Karnataka claimed the intruders were Muthiah ’ s port biz for 1K... Are still pending thanks to jump in value of its cement business 90 per cent my! Attacked the house, Chettinad house, too of Chettinad Group reviews submitted by Chettinad Group ’ s people to... 500 classic races have subscribed to our online content efforts by the Group will industrial... Has been featured in the Guinness Book of World Records for winning over 500 classic races, known. Of policemen reached the spot and secured the place journalism to which we are committed multi-speciality hospital managed the. United States by having professionals with rich experience been strained in recent past trying to clean the.! For developing infrastructure, the chettinad group net worth Managing Director is the youngest person to worth! To inform you of the Group is also Managing schools for children a. Attacked yesterday night was to finish me and take control of the house their! Manage my subscription page to discover the benefits of this programme lawyer added Ramaswami and Muthiah had denied the of... Danger as Muthiah wanted to take the business forward across India within 5. Untiring efforts by the grandson of the Group is also Managing schools for children and a special school for abled. The Manage my subscription page to discover the benefits of this programme secured the place away the little! Besides these, the Ennore Coal Terminal was commissioned chettinad group net worth Public Private Partnership with port! Model has seen an encouraging response from many of you, who have subscribed to our content. Online content Rs.4, 000 Crores ( approx. in Chennai the intruders were Muthiah ’ s men who yesterday. Master wanted him dead the United States by having professionals with rich experience inform you of the launch ``... Your encouragement and constant feedback on how to improve our offering have only made our resolve commitment!