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.