Meet man who lives simple life like Ratan Tata, donated Rs 6,210 Crore for…., has no phone, drives a simple car, his business is…
GH News March 16, 2025 12:06 AM
There are only a few corporate leaders who are celebrated for their humble and simple lifestyle and late billionaire Ratan Tata was one of them. From being known as the Chairman of Tata group to one of the biggest philanthropists of India Ratan Tata lived such a simple life that no one could ever imagine. One rare personality who finds resemblance to the great man is Ramamurthy Thyagarajan founder of the Indian conglomerate Shriram Group. Celebrated for his simple living and high thinking Thyagarajan is a man who holds a business empire of Rs 150000 crore. Here are all the details you need to know about him. Journey of Ramamurthy Thyagarajan Born into a peasant family of Tamil Nadu Ramamurthy Thyagarajan had a journey that started with strong academic foundation and hard work. Talking about his educational qualifications Thyagarajan studied mathematics in Chennai and then learnt statistics at the prestigious Indian Statistical Institute in Kolkata. How Ramamurthy Thyagarajan donated Rs 6210 crore Thyagarajan started his career at New India Assurance Co. one of India’s largest insurers. As of now he lives in a simple home and drives a car worth Rs 6 lakh. Not to mention his society impactful moves Thyagarajan once sold his stake in a company worth $750 million (Rs 6210 crore) and donated the entire amount to a trust. Media reports also have it that Thyagarajan created his business empire by lending money to low-income borrowers who were ignore by traditional banks. Why Ramamurthy Thyagarajan started Shriram Chits At the age of 37 Thyagarajan co-founded Shriram Chits in partnership with AVS Raja and T Jayaraman with a focus on provide loans for commercial vehicles. The business idea which acted as the foundation for Shriram Group’s success proved to be a game-changer for underserved communities which today serves around 11 million clients through its 3600 branches over 70000 employees and 140000 agents with an AUM of over Rs 150000 crores as per what is mentioned on the website of Shriram Group.
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