https://indianpedia.org/index.php?action=history&feed=atom&title=M._Ct._M._Chidambaram_ChettiarM. Ct. M. Chidambaram Chettiar - Revision history2026-08-01T02:57:54ZRevision history for this page on the wikiMediaWiki 1.45.4https://indianpedia.org/index.php?title=M._Ct._M._Chidambaram_Chettiar&diff=513862&oldid=prevJessDudley8515 at 00:23, 23 February 20262026-02-23T00:23:04Z<p></p>
<p><b>New page</b></p><div>{{Short description|Indian industrialist}}<br />
{{Indian name|Chidambaram Chettiar|Muttaiya Chidambaram Muthiah}}<br />
{{Use Indian English|date=July 2015}}<br />
{{Use dmy dates|date=July 2015}}<br />
{{Infobox person<br />
| name = M. CT. M. Chidambaram Chettiar<br />
| image = <br />
| caption = <br />
| birth_name = <br />
| birth_date = {{Birth date|df=yes|1908|08|02}}<br />
| birth_place = [[Kanadukathan]], [[Madras Presidency]], [[British India]]<br />{{small|(present day [[Tamil Nadu]], India)}}<br />
| death_date = {{Death date and age|df=yes|1954|03|13|1908|08|02}}<br />
| death_place = [[Singapore]]<br />
| resting_place = <br />
| resting_place_coordinates = <br />
| other_names = <br />
| known_for = Founding [[Indian Overseas Bank]] (IOB)<br />
| education = <br />
| employer = <br />
| occupation = {{hlist|[[Banker]]|[[Industrialist]]}}<br />
| spouse = C. Valliammai Achi<br />
| children = 2<br />
| signature = <br />
| website = <br />
| footnotes = <br />
}}<br />
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'''Muthiah Chidambaram Muthiah Chidambaram Chettiar''' (2 August 1908 {{endash}} 13 March 1954) better known as '''M.CT.M.Chidambaram''' was an Indian [[industrialist]] and [[banker]] who founded the [[Indian Overseas Bank]]. He was a member of the M. Ct. family.<br />
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== Early life and education ==<br />
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Chidambaram Chettiar 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 [[Raja of Chettinad]].<br />
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Chidambaram Chettiar had his early education at Madras Christian College High School but discontinued his education in the middle to pursue the family business of banking.<br />
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== Career ==<br />
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Chidambaram Chettiar succeeded his father as a director of the [[Indian Bank]] on the latter's death in 1929. Chidambaram Chettiar 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 Chettiar was also one of the founders of [[United India Assurance]].<br />
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In 1944, with the assistance of [[Sir C. P. Ramaswami Iyer]] and British technical expertise, Chidambaram Chettiar founded the [[Travancore Rayons Limited]], with a factory near [[Perumbavoor]]. The Travancore Rayons Limited was the first [[rayon]] manufacturing company in India. Chidambaram Chettiar also served as a director of Indian Bank from 1930 to 1940 and 1945 to 1949.<br />
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== Death ==<br />
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Chidambaram Chettiar 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.<br />
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== Family ==<br />
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Chidambaram Chettiar was married to Valliammai Achi. They had two sons - [[M. Ct. Muthiah|Muthiah Chettiar]] and Pethachi chettiar.<br />
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== References ==<br />
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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}}<br />
* {{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}}<br />
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{{Chettinad Villages}}<br />
{{Authority control}}<br />
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{{DEFAULTSORT:Chettyar, M. Ct. M. Chidambaram}}<br />
[[Category:1908 births]]<br />
[[Category:1954 deaths]]<br />
[[Category:Indian bankers]]<br />
[[Category:Indian company founders]]<br />
[[Category:Businesspeople from Tamil Nadu]]<br />
[[Category:Victims of aviation accidents or incidents in India]]<br />
[[Category:Indian businesspeople in the textile industry]]<br />
[[Category:Indian industrialists]]<br />
[[Category:Members of the Central Legislative Assembly of India]]<br />
[[Category:20th-century Indian philanthropists]]<br />
[[Category:Victims of aviation accidents or incidents in 1954]]</div>JessDudley8515