The rules of adoption of the community state that a family can adopt a child from the same temple-sect. According to me, he can only be S Ayyapan and not MAMR Muthiah,” he said at a press conference recently. The month of June has been uncharacteristically busy for business reporters in Chennai. The M. Ct. family has descended from one branch of the S. Rm. The ‘Nagrathars’, the community of Chettiars, is divided into seven sects following different temples. family. M A M Ramaswamy, the man who once controlled the 103-year-old Chettinad Group, one of Tamil Nadu’s oldest family-run businesses with interests in cement, engineering, logistics, minerals, education, healthcare and plantations, is now caught in a family feud that has pitted him against his adopted son M A M R Muthiah, who controls the Group and its flagship Chettinad Cements. On adoption, Ayyapan became MAMR Muthiah. Ramaswamy was born in Madras on 30 September 1931, the second son Sir M. A. Muthiah Chettiar, the Kumar-rajah of Chettinad and his wife. CHENNAI: The palace wars have broken out again. Immunity booster juices, supplements & more for overall health, 5 stunning bridal jewellery pieces for every bride-to-be, Terms of Use and Grievance Redressal Policy. Ramaswamy says that his son MAMR Muthiah has betrayed him. Chettinad Owner, MAM Ramaswamy, Disowns Adopted Son2. Today, AC Muthiah will be chairing the two mammoth trusts which will hold the non-business assets of the group, running into several thousand crore rupees. Those close to him say that he believes that one cannot do charity from others’ pockets, so the business arm of the group should not be forced to spend money on charity. Annamalai Chettiar is the maternal grandfather of India's former finance minister P. Chidambaram. In 1996, Ramaswamy decided to adopt a son to take over the business and take care of him in his old age. Is there someone else behind this public showdown? Muthiah Chettiar. The trouble reached a flashpoint recently when several men close to Ramaswamy were arrested for trying to attack Muthiah. MAM, as he was popularly known, was hospitalised in November. At the press conference held by Ramaswamy, AC Muthiah sat beside him all along, complimenting what Ramaswamy said and helping him out with talking points. On Saturday, Ramasamy’s health condition worsened and he was put on life support. He has been at the helm of affairs since the late ’90’s. The foster son of MAM Ramaswamy, the octogenarian patriarch of the Chettinad family that runs a Rs 4,000-crore business empire, has alleged that former BCCI chief and Ramaswamy's cousin AC Muthiah has created documents with Ramaswamy's thumb impressions in an apparent attempt to transfer wealth. Ramaswamy is known to have been miffed, checked himself into a hospital later that evening and denied the post of the Chairman Emeritus which was offered to him. He runs the group with an iron-fist and is known to have good business acumen. He is known to be traditional in his approach, and still believes in the feudal structures. The History Behind the Feud Ripping Apart Chettinad’s First Family. But the same family in the same generation has another failed but lesser known adoption — that of Annamalai Chettiar. Adopted by MAM Ramaswamy’s sister … Ayyappan said he would fight for properties he was entitled to. For reprint rights: Times Syndication Service", Chennai turns virtual island; road, rail, air links disrupted, With Instant savings account, interactive app, credit card and more, ICICI Bank ‘Mine’ is a complete banking package for millennials, 10% attendance at Madras HC due to heavy rains. Chettinad Cements, for example, is a publicly listed company with shareholders. Apparently, AC Muthiah had been approached by MAMR Muthiah to mediate between the father and the son, but AC Muthiah refused. At a press conference recently, MAMR Muthiah said that he is willing to accept any decision of his father as far as it was constructive for the business. He loves his horses, and takes pride in having run the various educational institutions, most importantly the Annamalai University which was taken over by the Tamil Nadu government in 2013. The adoption was not without controversy. MAMR Muthiah defends some of his actions. His family is called 'The Rajah family' and he … I-T Department Raids Rs 10,000 Cr Chettinad Group of Companies. Ramaswamy had an older brother Muthiah, upon whose death in 1970 at the age of 40, Ramaswamy inherited the title Kumar-rajah of Chettinad and Chairmanship of the Chettinad Group of Companies. MAM Ramaswamy (84), the last of the Rajahs of Chettinad, died on Wednesday after a brief illness. Many following the sequence of events are asking, what is the real reason behind this feud? It was well known in Chennai that Chettinad Group chairman MAM Ramaswamy and his adopted son, who is in control of Chettinad Cement, have been at loggerheads. Ramaswamy was … MAM Ramaswamy is easy with his charity. “Whatever the law may be, he is no more my son. At a shareholders’ meeting in Chennai, Ramaswamy was eased out of the board by shareholders, denying him the post of Chairman of the Chettinad Cement Corporation. A father-son faceoff turned full-fledged family drama evinced interests not just among the business classes, but even the average person on the street thanks to the wide reach of the Chettinad family through their philanthropy. His other illustrious cousin is former finance minister P Chidambaram. The head of the family holds the honorific title Raja of Chettinad. MAMR Ramaswamy, Chairman Emeritus of the Chettinad Group who has no active role in the group’s business operations but takes immense interest in the philanthropy of family trusts, is … Ramaswamy came from old money and was part of the famously industrious Nattukottai Chettiar community. Complete list of 43 apps banned by the govt, SC seeks Centre's response on plea to fix cost of RT-PCR tests at Rs 400, PM Modi has indicated Covid vaccine likely to be ready soon: Yediyurappa. According to Ramaswamy, the reason he wants to sever the relationship with his adopted-son is because he is stingy about spending on philanthropy, which has been the pride of the family. Now, on the basis of another complaint by Ramaswamy, similar cases have been filed against Muthiah and his men. The two new trusts will be chaired by Ramaswamy’s cousin, AC Muthiah. They are tight-fisted when it comes to business, but very generous with charity. The father has now disowned the adopted-son. He has started the legal process of annulling the adoption and creating two trusts to secure the assets which are not a part of the business arm. Muthiah, previously called Ayyappan, was born in a Chettiar family but adopted by Ramaswamy in 1996 when he was in his 20’s. MAMR Ramaswamy, Chairman Emeritus of the Chettinad Group who has no active role in the group’s business operations but takes immense interest in the philanthropy of family trusts, is fighting with his adopted son MAMR Muthiah, the business head of Chettinad group. Ramaswamy also says that Chettinad Hospitals, which is under the control of MAMR Muthiah, used to send him medicines for several years but have now stopped doing so for the past three months. Find out about the real fued that lead Chettinad group owner MAM Ramaswamy to disown his adopted son MAMR Muthiah. Much has been reported about the feud between MAM Ramaswamy, grandson of Raja Sir Annamalai Chettiar, and Ramaswamy’s adopted son MAMR Muthiah, formerly Ayyappan. The family is named after its ancestor, the popular 19th-century Nagarathar banker S. Rm. Ramaswamy had an older brother Muthiah, upon whose death in 1970 at the age of 40, Ramaswamy inherited the title Kumar-rajah of Chettinad and Chairmanship of the Chettinad Group of Companies. The first hiccup came when the Ramaswamy’s father MA Muthiah passed away in 1974. “Is it fair for Chettinad Cements to pay the salaries of employees of the palace?” asks an observer. Raja Annamalai Chettiar was known to be a person who could donate several acres of land without much ado, but could even admonish an employee over a few rupees. He is known to be traditional in his approach, and still believes in the feudal structures. It has also been reported that AC Muthiah said that MAMR Muthiah ‘hijacked’ Chettinad Cements. 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