N. Sankar

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In this Indian name, the name Narayanan is a patronymic, and the person should be referred to by the given name, Sankar.

N. Sankar
Born(1945-11-19)19 November 1945
Died17 April 2022(2022-04-17) (aged 76)
Chennai, Tamil Nadu, India
Alma materAC College of Technology, Illinois Institute of Technology
OccupationIndustrialist

Narayanan Sankar (19 November 1945 – 17 April 2022) was an Indian industrialist and chairman of the Sanmar group, a diversified Indian conglomerate. During a career spanning over five decades, he led the group's diversification into multiple businesses ranging from chemicals to shipping. Sankar had also been the president of the Indian industry organization ASSOCHAM and chairman of the Madras Chamber of Commerce and Industry.

Early life

Sankar was born on 19 November 1945 to Madhuram and K. S. Narayanan, and was the elder of two siblings.

Madras (now Chennai) and later went on to get his master's degree in chemical engineering from the Illinois Institute of Technology in Chicago.[1]

Sankar was involved with cricket and tennis as a youngster. He was coached on the tennis court by T.K. Ramanathan, who was the father of Indian tennis player

medium pace bowler, and was known to be a slip fielder.[1]

Career

Sankar started his career with the

acquisitions. The group expanded its business footprint and helped with the group's international expansion.[1] The group had joint ventures with companies including Bayer Corporation, Cabot Corporation, AMP Australia, Dragoco, and Tyco International, and expanded its focus to include shipping, finance, insurance.[6][7] He introduced modern management practices and principles of corporate governance within the group, separating ownership from management.[1][4]

In the late 1970s, Sankar and his brother Kumar's families were involved in a legal battle with N. Srinivasan and his brother N. Ramachandran over the running of India Cements. This had resulted in the intervention of financial institutions including IDBI which forced both Sankar and Srinivasan's families out of the board of the company and had bureaucrats and professional managers run the company, and at one point even attempted to sell-off the company to ITC Limited, the Indian tobacco giant. However, in the early 1990s, the families reconciled and Sankar was made the chairman while Srinivasan was given charge of running the company.[8][9] Sankar stepped down from his positions in 2007 and the Sanmar group sold their stake in the company in 2013.[6][10]

Sankar served in leadership roles at multiple industry organizations including president of

Knight of the Order of the Dannebrog, first class, by the Danish government.[1][11]

Sankar remained involved in cricket and tennis over the years. He ran the Madras first-division cricket team Jolly Rovers; amongst the players from the club included Indian cricketer

Sruthi foundation, a classical performing arts organization.[1] Sankar was a member of the board of governors of the Indian Institute of Management Kozhikode.[11]

Personal life

Sankar and his wife, Chandra, had a son and a daughter.[1] Sankar died on 17 April 2022 in Chennai, India. He was aged 76.[11]

References

  1. ^
    ISSN 0971-751X. Archived
    from the original on 19 April 2022. Retrieved 18 April 2022.
  2. ^ "Remembering KS Narayanan through his own words". The New Indian Express. Archived from the original on 3 February 2019. Retrieved 19 April 2022.
  3. ^ a b Ramnarayan, V. (16 November 2020). "N. Sankar, at 75". Madras Musings. Archived from the original on 26 January 2021. Retrieved 19 April 2022.
  4. ^ a b "N Sankar, industry icon and Chairman of Sanmar, passes away". The Economic Times. 17 April 2022. Archived from the original on 19 April 2022.
  5. ^ "Sanmar in the Press – A success story". 29 October 2006. Archived from the original on 29 October 2006. Retrieved 19 April 2022.
  6. ^ a b c d Shankaran, Sanjiv (17 September 2005). "Newsmaker: N Sankar". Business Standard India. Archived from the original on 19 April 2022. Retrieved 19 April 2022.
  7. ^ a b Sen Gupta, Nandini. "N Sankar, doyen of Sanmar group, passes away". The Times of India. Archived from the original on 19 April 2022. Retrieved 19 April 2022.
  8. ^ Phadnis, Aditi (2 April 2014). "The man who knows how to plot a comeback". Business Standard India. Retrieved 20 April 2022.
  9. ^ N., Madhavan (4 June 2013). "The life and times of controversy man N Srinivasan". Business Today. Retrieved 20 April 2022.
  10. ISBN 978-93-84898-46-5
    .
  11. ^ a b c "Sanmar Group's Chairman N Sankar passes away". www.thehindubusinessline.com. 17 April 2022. Archived from the original on 19 April 2022. Retrieved 19 April 2022.
  12. ^ "Sports bodies condole death of Sanmar Group chief N Sankar". The New Indian Express. Retrieved 20 April 2022.
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