Loyal Textiles? CMD dead

Manikam Ramaswami, 63, Chairman and Managing Director of Loyal Textile Mills, passed away recently. He is survived by his wife Valli Manikam Ramaswami and daughter Vishala Ramaswami. A multifaceted and dynamic personality, Ramaswami headed the Loyal Group, a eight-decade-old business group, offering a diverse range of products and services for textiles and apparel industries.

Ramaswami held a B.Tech in Mechanical Engineering from IIT-Madras. A top ranker, he was awarded the Banco Foundation Gold Medal. He has headed a range of prominent industry bodies and helped shape industrial policies for the benefit of the manufacturing sector. Ramaswami has held the post of Vice-Chairman at TEXPROCIL; Chairman at the Southern India Mill?s Association; and headed the Tamil Nadu State Council of Confederation of Indian Industry (CII).

Loyal Group includes the 158-year-old watch trading company P.Orr & Sons, which operates a chain of stores in Tamil Nadu and Andhra Pradesh.