Madras Chamber of Commerce and Industry

Last updated

Madras Chamber of Commerce and Industry is a non-governmental, industry-led and industry-managed organisation whose main purpose is to influence government policy on economy, trade, commerce and industry. It also works for better education, health, infrastructure and environment.

Contents

History

The Madras Chamber of Commerce was established on 29 September 1836 by eight businessman, chief of whom were J. W. Dare of Parry & Co., W. S. Binny of Binny & Co. and J. A. Arbuthnot of Arbuthnot & Co., at the office of Binny & Co., a leading Indian business house with J. A. Arbuthnot as its first Chairman. [1] Other important companies in the chamber were Line & Co, Ouchterlony & Co, Barrow & Co, Fischer & Co, Guichard & Co, Seth Sam & Co, G. Sidloo Chetty and J. C. Tulloch. [2] The chamber got its first permanent venue in 1869 when a part of The Madras Mail office was leased to them. [2] In 1924, the chamber moved to the offices of the Mercantile Bank. [2]

Right from the initial stages, native Indians did not join in large numbers in the chamber as in the case of the Southern Indian Chamber of Commerce and Industry. Indian merchants chose to start their own organisations such as the Madras Trades Association. [1] The chamber got its first Indian President only in 1964. [3]

In the early 1900s, the chamber played a pivotal role in the development of Indian Railways.[ citation needed ]

Notes

  1. 1 2 Srinivasachari, C. S. (1939). "Madras in the Present Century-Part I". History of the city of Madras written for the Tercentenary Celebration Committee. Madras: P. Varadachary & Co. pp. 312–313.
  2. 1 2 3 Diwan Bahadur S. E. Runganadhan, ed. (1939). "A short history of the Madras Chamber of Commerce by G. H. Hodgson". Madras Tercentenary Celebration Committee Commemoration Volume. Indian Branch, Oxford Press. pp. 243–245.
  3. Muthiah, S. (2004). Madras Rediscovered. East West Books (Madras) Pvt Ltd. p. 264. ISBN   81-88661-24-4.

Related Research Articles

Indian Bank Indian public sector bank

Indian Bank is an Indian state-owned financial services company established in 1907 and headquartered in Chennai, India. It serves over 100 million customers with 20,924 employees, 6,089 branches with 5,022 ATMs and 1,494 cash deposit machines and is one of the top performing public sector banks in India. Total business of the bank has touched 430,000 crore (US$60 billion) as on 31 March 2019. Bank's Information Systems and Security processes certified with ISO27001:2013 standard and is among very few Banks certified worldwide. It has overseas branches in Colombo and Singapore including a Foreign Currency Banking Unit at Colombo and Jaffna. It has 227 Overseas Correspondent banks in 75 countries. Since 1978, the Government of India has owned the bank. As per the announcement made by the Indian Finance Minister Nirmala Sitharaman on 30 August 2019, Allahabad Bank merged from 1 April 2020, making it the seventh largest bank in the country.

Madras Presidency Administrative subdivision of British India

The Madras Presidency, or the Presidency of Fort St. George, and also known as Madras Province, was an administrative subdivision (presidency) of British India. At its greatest extent, the presidency included most of southern India, including the whole of the Indian state of Andhra Pradesh, and parts of Tamil Nadu, Kerala, Karnataka, Telangana, Odisha and the union territory of Lakshadweep. The city of Madras was the winter capital of the Presidency and Ootacamund or Ooty, the summer capital. The Island of Ceylon was a part of Madras Presidency from 1793 to 1798 when it was created a Crown colony. Madras Presidency was neighboured by the Kingdom of Mysore on the northwest, Kingdom of Kochi on the southwest, and the Kingdom of Hyderabad on the north. Some parts of the presidency were also flanked by Bombay Presidency and Madhya Pradesh.

History of Chennai

Chennai, formerly known as Madras, is the capital of the state of Tamil Nadu and is India's fifth largest city. It is located on the Coromandel Coast of the Bay of Bengal. With an estimated population of 8.9 million (2014), the 400-year-old city is the 31st largest metropolitan area in the world.

Arbuthnot & Co was a mercantile bank, based in Madras, India. It was founded as Francis Latour & Co in the late 18th century, then became Arbuthnot De Monte & Co. It failed spectacularly on 22 October 1906.

Madras Day

Madras Day is a festival organized to commemorate the founding of the city of Madras in Tamil Nadu, India. It is celebrated on 22 August every year, 22 August 1639 being the widely agreed date for the purchase of the village of Madraspatnam or Chennapatnam by East India Company factors Andrew Cogan and Francis Day from Damarla Venkatadri Nayaka, the viceroy of the Vijayanagar Empire.

Gazulu Lakshminarasu Chetty

Gazulu Lakshminarasu ChettyCSI (1806–1868) was an Indian merchant and Indian independence and political activist who founded the Madras Native Association, one of the earliest Indian political associations, and the first Indian-owned newspaper in Madras, The Crescent. He was also the second Indian to be appointed a member of the Madras Legislative Council, succeeding V. Sadagopacharlu on his death.

1937 Madras Presidency Legislative Assembly election

The first legislative assembly election for the Madras Presidency was held in February 1937, as part of the nationwide provincial elections in British India. The Indian National Congress obtained a majority by winning 159 of 215 seats in the Legislative Assembly. This was the first electoral victory for the Congress in the presidency since elections were first conducted for Madras Legislative Council in 1920. The Justice Party which had ruled the presidency for most of the previous 17 years was voted out of power. The assembly was constituted in July 1937 and C. Rajagopalachari (Rajaji) became the first Congress Chief Minister of Madras.

Nayakas of Kalahasti

The Nayakas of Kalahasti were a line of rulers of Kalahasti and Vandavasi principalities. Members of the group include Damarla Chennapa Nayaka, after whom the city of Chennai is named. These Nayakas served as vassals of the late Vijayanagara Empire, then held by the Aravidu Dynasty and headquartered at Chandragiri and Vellore.

Patrick Macfadyen was a Scottish businessman, banker and politician. He committed suicide in 1906 in London due to the crash of Arbuthnot & Co.

Victoria Technical Institute is an institute established to commemorate the Golden Jubilee celebrations of Queen Victoria. The institute promotes traditional handicrafts of South India.

Buckingham and Carnatic Mills, popularly known as B & C Mills, were textile mills run by Binny and Co. in the city of Chennai, India. The mills were closed down in 1996 and the site is now used as a container freight station and is a popular venue for film shootings.

Southern Indian Chamber of Commerce and Industry

Southern Indian Chamber of Commerce and Industry, formerly Southern Indian Chamber of Commerce, is a non-government, not-for-profit, industry-led and industry-managed organisation, whose primary function is to work for the development of industries in South India. It is one of the founder-members of the Federation of Indian Chambers of Commerce and Industry (FICCI)

Chepauk Palace

Chepauk Palace was the official residence of the Nawab of Arcot from 1768 to 1855. It is situated in the neighbourhood of Chepauk in Chennai, India and is constructed in the Indo-Saracenic style of architecture.

Madras Club

Madras Club, or Adyar Club, is a gentleman's club in the city of Chennai, India. Founded in 1832, it is the second oldest of its kind in India.

Chennakesava Perumal Temple, Chennai

Chennakesava Perumal Temple is a Hindu temple situated in the George Town neighbourhood of Chennai city, Tamil Nadu, India. It is dedicated to Chenna Kesava Perumal. There is the nearby Chenna Malleeswarar Temple. They are twin temples. The temple was the first to be built in the new settlement; since the construction of Madras city by the British East India Company. Chennakesava Perumal is a manifestation of the Hindu god Vishnu. And considered as the patron deity of Chennai, Chenna pattanam may be named after the Chenna Kesava Perumal Temple. The word 'chenni' in Tamil means face, and the temple was regarded as the face of the city.

Mallikesvarar Temple, Chennai

Mallikesvarar Temple or Mallikarjunar Temple is a Hindu temple situated in the neighbourhood of George Town in the city of Chennai, India. It is one of the first Hindu temples to be constructed in the British settlement of Madrasapatnam. There is the nearby Chenna kesava perumal Temple. They are twin temples. This is also called Chenna Malleeswarar temple. Chenna pattanam may be named after this deities. The word 'chenni' in Tamil means face, and the temple was regarded as the face of the city.

Thenral

Thenral, earlier known as Brodie Castle, is a house in Chennai, India. Named after civil servant James Brodie (1769-1801) who constructed the house in 1796, it currently houses the School of Carnatic music.

Binny and Co is a shipping, textile, banking and insurance firm based in the city of Chennai, India. It is one of the oldest business firms in Chennai city.

Rajaji Hall

Rajaji Hall, previously known as the Banqueting Hall, Madras, is a public hall in the city of Chennai, India used for social functions. The hall was built by John Goldingham to commemorate the British victory over Tipu Sultan in the Fourth Anglo-Mysore War.

Sir Joseph William Bhore was an Indian civil servant and diwan of the Cochin State. He is best remembered for his chairmanship of the Health Survey and Development Committee that charted a course for public health investments and infrastructure in India.