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T. T. Krishnamachari
Photo: India Post, Government of India, GODL-India, via Wikimedia Commons13

T. T. Krishnamachari

Indian politician and Industrialist

Tiruvellore Thattai Krishnamachari (26 November 1899 – 7 March 1974) was an Indian politician who served as Finance Minister from 1956 to 1958 and from 1964 to 1966. He was also a founding member of the first governing body of the National Council of Applied Economic Research (NCAER) in New Delhi, India's first independent economic policy institute established in 1956.2

From Wikipedia’s article on T. T. Krishnamachari (this version), CC BY-SA 4.0.

Born Nov 26, 1899, died Mar 7, 1974.1

About

Krishnamachari graduated from Madras Christian College (MCC) and was a visiting professor to the department of economics at MCC. He was popularly known as TTK.

He has the ignominy of being the first minister in free India to have resigned due to his involvement in a scam. He was also a member of drafting committee, an entrepreneur and prominent leader within the Indian National Congress. He was also deputy viceroy from 1947-1950.

From Wikipedia’s article on T. T. Krishnamachari, shared under CC BY-SA 4.0.2

Companies

Early life and education

  • Date not recordedTown Higher Secondary School3
  • Date not recordedMadras Christian College3

T. T. Krishnamachari was born during the British Raj in 1899 into a Tamil Brahmin family in the city of Madras (now Chennai). His father T. T. Rangachari was a judge in the High Court. He attended the Dharmamurthi Rao Bahadur Calavala Cunnan Chetty's Hindu Higher Secondary School, and later graduated from Madras Christian College. He founded TTK group, an Indian business conglomerate famous for its Prestige brand, in the year 1928.

From Wikipedia’s article on T. T. Krishnamachari (this version), CC BY-SA 4.0.

Career

Occupation: finance minister, businessperson, politician.7

  • 1963 to 1965Minister of Finance6
  • 1956 to 1958Minister of Finance6
  • 1946 to 1950Member of the Constituent Assembly of India6
  • Date not recordedFounded TTK Group4
  • Date not recordedFounded TTK Prestige5
  • Date not recordedMember of the Lok Sabha6

Personal life

  • BornNov 26, 1899, Chennai8
  • DiedMar 7, 1974, Chennai9
  • CitizenshipBritish Raj, Dominion of India, India10

Politics

T.T. Krishnamachari was initially elected to the Madras Legislative Assembly as an independent member, and later joined the Congress. In 1946, he was made a member of the Constituent Assembly at the Centre. From 1952 to 1965, he served the country twice as a Central Minister. He was the first minister for Commerce and Industry and also served as finance minister for 2 times. He also remained in charge of the Steel Ministry for quite some time. He became a Minister again in 1962, first without portfolio, then the Minister for Economic and Defense Cooperation and finally the finance Minister again, in 1964 and finally retired in 1966.

From Wikipedia’s article on T. T. Krishnamachari (this version), CC BY-SA 4.0.

Sources

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