P. Subramanian was an Indian businessman, founder and promoter of Shanthi Gears. He is noted for his contributions to the gear industry and his philanthropy. He was known as the 'gear man of Coimbatore'. [1] [2] He was posthumously conferred India's fourth highest civilian honour, Padma Shri, in 2021. [3]
He was the founder and trustee of a social welfare organization called 'Shanthi Social Services, which he had started to serve the people. His organization runs restaurants, hospitals, dispensaries, and petrol pumps on a non-profit basis. [4]
Career
He founded Shanthi Gears in the 1970s, which was acquired by Tube Investments of India Limited in 2012. In 1972, he converted it into a private company named Shanthi Gear Products (Private) Limited, focusing on manufacturing gears for the textile sector. The company got itself listed on the stock exchange in 1986 and became India's third-largest player in the gears industry. In 2012, Shanthi Gear Products was acquired by the Murugappa Group's Tube Investments of India for Rs 464 crore, including a public open offer for a 26% stake, in Shanthi Gears. [5]
In 1996, he founded Shanthi Social Services, which runs canteens, healthcare facilities and other outreach activities. Shanthi became popular among the public due to the high quality of food and service offered at low prices. It provides education to underprivileged sections of society and helps with the construction of roads, school buildings, etc. The foundation also owns and runs not-for-profit hospitals, pharmacies, a diagnostic centre, a blood bank, an eye-care centre and an LPG crematorium. Shanthi Social Services is named after his late wife, Shanthi. [1] [6]
Death
P. Subramanian died at the age of 79 on December 11, 2020. Three daughters survive him. [6]
The Chief Minister of Tamil Nadu, Edappadi K. Palaniswami paid condolence, saying he was deeply saddened to hear the news of P. Subramanian's demise. [4]
Awards and recognition
He was posthumously honoured with Padma Shri, the fourth-highest civilian award in India, by the Government of India in 2021 for contribution to the trade, industry and community service. [7]
References
- ^ a b Narayanan, R Y (November 17, 2017). "The 'gear man' of Coimbatore'". The Hindu Business Line.
- ^ "யார் இந்த Shanthi Gears P Subramanian?". OneIndia (in Tamil). December 12, 2020.
- ^ "ததும்பாத நிறைகுடம்: பத்மஸ்ரீ விருது சூட்டிய மகுடம்!" (in Tamil). Dinamalar. November 10, 2021.
- ^ a b "Shanthi Social Services Subramanian - A tearful tribute from the people of Coimbatore" (in Tamil). BBC. December 20, 2020.
- ^ "Coimbatore's 'Gear Man' P Subramanian passes away". The News Minute. December 11, 2020.
- ^ a b "'Gear man' of Coimbatore, P. Subramanian, no more". The Hindu. December 11, 2020.
- ^ "Late industry captain, centenarian farmer awarded Padma Shri". The Times of India. January 26, 2021.