Chennai, Jan 13 (PTI) Eminent industrialist andAmalgamations Group Chairman A Sivasailam died of cardiacarrest in Karnataka today, his family sources said.
Sivasailam, 76, was on his way to Sringeri in UdupiDistrict when he complained of chest pain. He was rushed to ahospital in Manipal where doctors declared him brought dead.
He is survived by two daughters Mallika Srinivasan andJayshree Venkataraman, Directors of Tractors and FarmEquipment (TAFE) Ltd. Sivasailam''s wife Indira Sivasailampredeceased him three years ago.
A philanthropist, Sivasailam had contributed a lot ofmoney for the welfare of poor and renovation of temples.
TVS Motor Company Chairman and Managing Director VenuSrinivasan and WS Industries Vice-Chairman Murali Venkatramanare his sons-in-law.
Born on August 24, 1934, Sivasailam, considered a giantamong the industrialists in southern part of the country, wasthe elder son of the late S Anantharamakrishnan, who foundedthe Amalgamation Group a conglomerate of 43 companies with12,000 employees.
Its operations include automotive componentmanufacturing, trading and distribution, services andplantations.
Sivasailam, who was trained in Management Accounting andAdvanced Accountancy for four years in London, was a fellow ofthe Institute of Directors, London.
He joined the Amalgamation group in 1957 as Comptrollerand Treasurer of Addison and Company. In January 1961, he wasappointed General Manager of TAFE, one of the top ten tractormanufacturers in the world, and later elevated as Chairman andManaging Director.
He was a recipient of several awards, including"Padmashri". He has served on various committees and Advisoryboards on Trade, Export and Industrial Development set up bythe central and state governments.