G.K. Raman Passes Away At Puttaparthi

CHENNAI: G. K. Raman, Chairman of Royal Sundaram Alliance Insurance Co and former Managing Director of Sundaram Finance Ltd (SFL), passed away at Puttaparthi on Monday following a heart attack. He was 76. He is survived by his wife, son, daughter and two grandchildren.

Raman was associated with the SFL for over three decades and was active till the end. He visited the SFL premises on August 25.

Born on September 9, 1931, Mr. Raman had his school and college education in Madurai and thereafter at the Madras Law College. He began his career as a lawyer. After a three-year stint, he joined the Madras Motor and General Insurance Co. in 1958 and served until its nationalisation in 1971.

Later, he moved to the SFL and served as its Managing Director from 1995 to 2003. He was the first Chairman of Royal Sundaram Alliance Insurance Co., a position he held till his demise.

Mr. Raman was a close and trusted associate of T.S. Santhanam, founder-chairman of the Sundaram Finance group of companies. He was a life-long champion in the cause of the road transport sector, as well as the Non-Banking Finance Companies and insurance sectors.

He served on various committees set up by the Reserve Bank of India and the Insurance Development and Regulatory Authority.

He was deeply connected with spiritual and charitable causes. He was the convener and treasurer of Sri Sathya Sai Trust, Tamil Nadu, and worked tirelessly for the causes that were close to his heart.

A condolence meeting was held on the company premises here.

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