Muthiah Chidambaram Muthiah Chidambaram Chettiar (2 August 1908 13 March 1954) better known as M.CT.M.Chidambaram was an Indian industrialist and banker who founded the Indian Overseas Bank. He was a member of the M. Ct. family.
Early life and education
Chidambaram Chettiar was born at Kanadukathan on 2 August 1908. His father Sir M Ct. Muthiah Chettiar (1887-1929) was a banker who served as a member of the Imperial Legislative Council of India. Muthiah Chettiar was a nephew of Ramaswami Chettiar, founder of the Indian Bank and Sir Annamalai Chettiar, the Raja of Chettinad.
Chidambaram Chettiar had his early education at Madras Christian College High School but discontinued his education in the middle to pursue the family business of banking.
Career
Chidambaram Chettiar succeeded his father as a director of the Indian Bank on the latter's death in 1929. Chidambaram Chettiar soon emerged as one of the top industrialists in the country. On 10 February 1937, he founded the Indian Overseas Bank, which concentrated on improving the country's industrial sector.