T. T. Krishnamachari

T. T. Krishnamachari

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T. T. Krishnamachari

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Tiruvellore Thattai Krishnamachariar (1899–1974) was the Indian Finance Minister from 1956–1958 and from 1964-1966. Krishnamachariar, who was born into a Tamil Iyengar Brahmin family graduated from Madras Christian College (MCC) and was a visiting professor to the department of economics at MCC. He resigned from the position twice. He was popularly known as TTK.He was also a member of drafting committee,and entrepreneur and congress leader

Career

Krishnamachari was one among the founders of modern India. He was instrumental in building the basic economic and industrial infrastructure of the country and also left his mark on the Indian Constitution as a member of the Drafting Committee. Krishnamachari began his life as a businessman and went on to lay the foundation of the hugely successful firm TT Krishnamachari & Co. in 1928, in Chennai, which is now known as the TTK Group. By the mid-thirties, when the company was well established, Krishnamachari decided to turn his attention to politics. He 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.

Political life

From 1952 to 1965, he served the country twice as a Central Minister. He was the first Minister for Commerce and Industry and then Finance Minister. He also remained in charge of the Steel Ministry for quite some time. He became Minister again in 1962, first without...
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