T. A. Pai
Encyclopedia
Tonse Ananth Pai ( abbreviated: T. A. Pai), (January 17, 1922 – May 29, 1981), a Goud Saraswat Brahmin, was responsible for the success of Syndicate bank as its General Manager and later as Chairman.
Shri T.A. Pai joined the Syndicate Bank
in 1943 as Deputy Manager. After holding several positions in the bank and being the General Manager from 1944 to 1961, he rose to become the Managing director of the bank from 1962 to 1964. His stewardship of the bank is credited with a number of achievements - fastest growth, pioneering schemes, innovation in mobilisation of small savings, agricultural financing and focus on the common man.
After successful career in Syndicate Bank, T A Pai was appointed the first Chairman of Food Corporation of India
in 1965. The Government of India appointed him Chairman of Life Insurance Corporation in 1970. After a little over one year, he rejoined the Syndicate Bank in 1966 and was appointed its Chairman in 1967.
He was elected to the Rajya Sabha in 1972 and was appointed the Union Minister for Railways. In 1973, he was given the responsibility for the newly created Ministry of Heavy Industries, and subsequently, additional charge of the Ministry of Steel and Mines. Pai took over the responsibility of the Ministry of Industry and Civil Supplies in 1974. He represented Udupi Lok Sabha constituency in 1977 as an Indian National Congress
candidate.
He was the eldest of four sons of the Late Shri Tonse Upendra Pai. He was the nephew of Dr. T. M. A. Pai
. After his early childhood spent in Udupi district, he went to Bombay (now, Mumbai) to pursue his education. He graduated in Commerce from Sydenham College of Commerce and Economics in 1943. He was conferred the Padma Bhushan by the Government of India in 1972. He was awarded the degree of D.Litt. by the Karnataka University in 1973. The Andhra University decorated him with the degree of D.Litt. in 1975.
Shri T.A. Pai joined the Syndicate Bank
Syndicate Bank
Syndicate Bank Ltd. is one of the oldest and major commercial banks of India. At the time of its establishment, the bank was known as Canara Industrial and Banking Syndicate Limited. The bank, along with 13 major commercial banks of India, was nationalized on 19 July 1969, by the Government of...
in 1943 as Deputy Manager. After holding several positions in the bank and being the General Manager from 1944 to 1961, he rose to become the Managing director of the bank from 1962 to 1964. His stewardship of the bank is credited with a number of achievements - fastest growth, pioneering schemes, innovation in mobilisation of small savings, agricultural financing and focus on the common man.
After successful career in Syndicate Bank, T A Pai was appointed the first Chairman of Food Corporation of India
Food Corporation of India
Food Corporation of India was setup on 14th January 1965 having its first District Office at Thanjavur - rice bowl of Tamil Nadu - and headquarters at Chennai under the Food Corporations Act 1964 to implement the following objectives of the National Food Policy :# Effective price support...
in 1965. The Government of India appointed him Chairman of Life Insurance Corporation in 1970. After a little over one year, he rejoined the Syndicate Bank in 1966 and was appointed its Chairman in 1967.
He was elected to the Rajya Sabha in 1972 and was appointed the Union Minister for Railways. In 1973, he was given the responsibility for the newly created Ministry of Heavy Industries, and subsequently, additional charge of the Ministry of Steel and Mines. Pai took over the responsibility of the Ministry of Industry and Civil Supplies in 1974. He represented Udupi Lok Sabha constituency in 1977 as an Indian National Congress
Indian National Congress
The Indian National Congress is one of the two major political parties in India, the other being the Bharatiya Janata Party. It is the largest and one of the oldest democratic political parties in the world. The party's modern liberal platform is largely considered center-left in the Indian...
candidate.
He was the eldest of four sons of the Late Shri Tonse Upendra Pai. He was the nephew of Dr. T. M. A. Pai
T. M. A. Pai
Dr. Tonse Madhav Ananth Pai, , , a Goud Saraswat Brahmin was an Indian doctor, educationist, banker and philanthropist, most well known for building the university town of Manipal, Karnataka, India....
. After his early childhood spent in Udupi district, he went to Bombay (now, Mumbai) to pursue his education. He graduated in Commerce from Sydenham College of Commerce and Economics in 1943. He was conferred the Padma Bhushan by the Government of India in 1972. He was awarded the degree of D.Litt. by the Karnataka University in 1973. The Andhra University decorated him with the degree of D.Litt. in 1975.