Chennai:
It was a great moment of joy for M V Subbiah as he was conferred Padma Bhushan award for distinguished service of high order in the filed of trade and industry.
“I was overwhelmed with joy. I did not expect it,” said the humble businessman, who is the third generation member of Murugappa family and a former chairman of the Murugappa Group. “The news was conveyed to me by the Home Secretary at 1 pm. It was unexpected,” said a smiling Subbiah while addressing reporters.
Retired after working 43 years in the 17,051 crore family business, Subbiah is now the chairman of the newly formed public-private entity National Skill Development Corporation with a mandate to skill 150 million youth in India.
“This award is in recognition for my contribution in trade and industry, which also includes the work being done in NSDC. But I feel I am taking the award on behalf of entire Murugappa Group, employees and officers,” Subbiah, past president of Association of Indian Engineering Industries, the predecessor to Confederation of Indian Industry (CII) and a former board member of Family Business Network International said.
Subbiah has the immense talent of bringing to life ailing business. In the 60s, it was Carborundum Universal, in the 70s, it was TI Cycles and in the 80s it was bringing to life the ailing 200-year old E I D Parry. A recipient of JRD Tata Business Leadership award in 2002, he also won the National Human Resource Development Award in 1988.
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