TNPL director gets IMA award
Chennai: A. Velliangiri, director (finance), Tamil Nadu Newsprint and Papers, has received the `India CFO Award 2006' for excellence in finance in a public sector undertaking, according to a press release.

The award instituted by IMA India, New Delhi, in association with BNP Paribas, the principal partner, was given to Velliangiri in New Delhi, in recognition for distinction in finance. The jury placed on record his contribution towards creativity and enhancing the scope of finance in a public sector undertaking.
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L.M. Thapar passes away
New Delhi: Lalit Mohan Thapar, chairman, Emeritus, Ballarpur Industries (BILT), passed away on Wednesday night. He was 76. He is credited with rebuilding India's largest writing and printing paper company. Thapar, 76, was also a staunch believer in the imperatives of globalisation. His approach though, was more pragmatic in terms of level playing field and equal opportunity for Indian business, rather than a protectionist attitude that would have made Indian industry insular.

Schooled at the redoubtable Doon School, Thapar qualified as an engineer from the University of Southern California. A connoisseur of classical music Thapar remained single but believed firmly in the family as an institution and deeply respected the values that came with the legacy of his father, the Late Lala Karam Chand Thapar. He is succeeded by his nephew Gautam Thapar, as chairman of BILT.
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KM Thiagarajan former Bank of Madura chairman passes away
Chennai: K.M. Thiagarajan, chairman, Micro credit Foundation of India, and former Chairman, Bank of Madura has passed away. He was 62.

He is survived by his wife, Deborah Thiagarajan.

Thiagarajan was born into the well-known Karumuttu Thiagaraja Chettiar family in Madurai. He did his MBA and PhD at the University of Pittsburgh, US and started his career as assistant professor at the Graduate School of Management at the University of Rochester. Returning to India, he became a management trainer and consultant to various companies including IBM India and Indian Oil Corporation. After a stint in the family business of textiles, Thiagarajan took charge of Bank of Madura in the early 1990s.
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