The Group is headed by Mr. T. Ramesh U. Pai, who is the Chairman of the major Companies of the group. Mr. Pai is on the Boards of several well-known industrial and Commercial Enterprises including India's largest Private Sector Company, Reliance Industries Ltd.
He was Director of Rotary International 1992-94, Member of Senate of Madras, Mangalore Universities and Syndicate of Mysore University and Member of Court of Goa University and connected wtih several Educatioal and Health Care Organisations.
The Group was founded by two brothers, the late Dr. TMA Pai and the late Sri Upendra Ananth Pai in the early part of this century, in 1925. The Syndicate Bank founded by the Pais of Manipal, which was later nationalised, is presently one of the largest banks in India. The Pais also founded a major Insurance Company, the C anara Mutual Assurance Company which was also nationalised in 1956. One of their major strengths in the financial services sector - Maha Rashtra Apex Corporation, a hire-purchase and leasing company, is one of the oldest in the country, started as far back as 1943. The industries founded by the Pais consist of a Steel Plant based on Electric Arc Furnace route to produce steel for the construction industry and mild and alloy steel castings for the engineering industry. They also founded a unit to manufacture rubberised coir mattresses. This Company, Kurlon Limited is the brand leader for this product and has a 65% market share.
The Pais did pioneering work in establishing a major educational complex in Manipal which is now having over 45 educational institutions attracting students from 27 countries from all over the world.The combined turnover of the group headed by Mr. T. Ramesh Pai was about Rs. 3,000 million in the year 1994-95.
The Manipal Group, despite its comparatively modest financial resources (by international standards), has the following strengths which any objective SWOT analysis would show:
The Group has been drawing up and fine-tuning bold Corporate Plans ever since the Government embarked upon the process of economic liberalisation which will eventually integrate the Indian economy with the World one. The corporate plans aim at expansion of the present activities and diversification into sunrise areas mainly in the services sector and infrastructure industries. Formulation and implementation of the corporate plans are overseen by Manipal Holdings Limited which has on its Board, men of enterprise, managerial skills, financial innovativeness, and, above all, unclouded vision.
On the cover of this booklet is inxribed the Manipd Mantra 'Private initiative for the Public Good’. The founder of the Manipal Group, the late Mr. Upendra Ananth Pai was an outstanding practitioner of this precept. Several institutions, commercial and non-profit, which he founded, co-founded, although driven byprivate energy, served the public at large in the most exemplary way. The best known institution which he co-founded was Canara Industrial and Banking Syndicate Limited, a joint stock bank which today, as Syndicate Bank, is one of the biggest Nationalised Banks.Upendra Pai was a self-effacing Gandhian. National development through local self-reliance was his credo and several institution of his reflected it. His persond philosophy continues to guide the group and is mainly responsible for its commendable achievement and professional excefience.
Doctor by profession. Not content with healing the sick, Dr. TMA Pat realised that the twin evils of poverty and ignorance need to be simultaneously tackled. He therefore set up a bank, finance and insurance companies. His crowning achievement was the establishment of the Academy of General Education in1942 which became the nucleus of what is today a clutch of 45 educational institutions covering the fields of medicine, engineering, dentistry, nursing, arts and science, commerce, law, education, business management and hotel administration. His vision remains even to-day the main inspiration for all the endeavours of the Group.
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A rare blend of vision and pragmatism, he had the Midas touch. All that he touched turned to gold. He used his enormous talent to take a small rural bank to the top ten in the country with many pioneering achievements in the fields of small savings, agri- cultural finance and rural banking, areas shunned by urban based banks. Drafted into government service, he served the Food Corporation of India, and the Life Insurance Corporation as their Chairman with rare distinction breaking new ground. In fitting recognition he was inducted into the Centred cabinet and served as Minister for Railways and Industry, leaving his own indelible mark on them.
A man of many parts, gave flesh and blood to the vision of his illustrious predecessors. He was their worthy successor taking the legend of Manipal to still greater heights through his own contribution. To each of the institutions in the fields of finance, business, education and health care, he gave afirm foundation and built them up into shining examples worthy of emulation. Devoting his life to the service of his fellowmen, he achieved the unique distinction of becoming a Director of Rotary International for 1992-94.
Inducted straight away into the hard grind of working realities by the elders, Management trained Engineer, Mr. T. Sudhakar Pai epitomizes the inherent urge of the Pais to grow through diversification. Infusing modern management techniques he is now steering the Manipal Group in its ventures into core sector and greenfield projects.
We are an established business group managed by a 4th generation family of industrialists. The group has played a pivotal role in shaping Indian business landscape over the last 100 years. We have a conglomeration of business including financial companies, marketing and advertising agency, talent management, nutraceutical and consumer businesses - all positioned on a strong tech enabled foundation.
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Our offices span more than one city, including Bangalore, Mumbai, Manipal, Mangalore, and Ahmedabad.
