Rediff.com  » Business » Industrialist T T Vasu dead

Industrialist T T Vasu dead

Source: PTI
May 11, 2005 14:46 IST
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T T Vasu, well-known industrialist and son of late Union Finance Minister, T T Krishnamachari, died in a corporate hospital in the wee hours of Wednesday following brief illness, his family said.

He was 76 and is survived by wife, two sons and a daughter.

Vasu was director of the TTK group of companies and as a music lover, he was the former President of Music Academy, a premier cultural institution in the city.

Born in April 1929 as the last of the four sons of late Union Minister Krishnamachari, Vasu was a many-faceted personality, interested not only in business but also in the promotion of health care, social work, music, culture, travel and communication.

After a brief stint in journalism before joining business, Vasu was responsible for much of the implementation of the 50s and 60s of the TTK group's industrial plans and was instrumental in setting up several factories in Bangalore and Chennai in hosiery and consumer durables.

Vasu was also the chairman of the ITC Park Sheraton Hotel and Towers, Chennai, Shima's Residency hotel in Tirupati, the Madras Voluntary Blood Bank and the Indo-Japan centre. He was also member of the Governing council of Kalakshetra Foundation.

He was a member of the Executive Council of the Indo-American Chamber of Commerce, Chennai, and a past National President of the chamber. He was also a member of the southern regional council of the Indo-German Chamber of Commerce, Chennai, and a past chairman of the chamber.

Vasu was the former Chairman of the Audit Bureau of Circulations Ltd, Director of Central Bank of India and a member of the Tirumala-Tirupathi Devasthanam Trust Board in Tirupathi, and Sangeet Natak Akademi and Indian Council of Cultural Relations in Delhi.
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