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India.com
20-07-2025
- Business
- India.com
Meet 82-Year-Old Man Who Lives In A Simple Home, Doesn't Own Mobile Phone Yet Leads Rs 1,50,000 Crore Business Empire—He Is...
photoDetails english Meet 82-year-old Ramamurthy Thyagarajan, the man behind the Rs 1.5 lakh crore Shriram Group. Despite his massive business success, he lives simply with no mobile phone, modest home, and a ₹6 lakh car. He's also known for donating Rs 6,210 crore to charity, proving true wealth lies in values, not lifestyle. Updated:Jul 20, 2025, 06:59 PM IST The Billionaire With No Mobile Phone 1 / 7 Ramamurthy Thyagarajan, the 87-year-old founder of Shriram Group, is no ordinary billionaire. Despite heading a massive Rs 1.5 lakh crore financial empire, as per the website of his company, Shriram Group he lives a life marked by simplicity. He doesn't own a mobile phone, lives in a modest house, and drives a humble Rs 6 lakh car. His story stands out in a world where success is often equated with luxury. A Humble Beginning in Tamil Nadu 2 / 7 Born into a peasant family in Tamil Nadu, Thyagarajan grew up with limited resources but a strong sense of discipline and purpose. He pursued mathematics in Chennai and later specialized in statistics at the Indian Statistical Institute in Kolkata. His strong academic background would eventually shape his future as a visionary entrepreneur. The Birth of Shriram Group 3 / 7 In 1974, at the age of 37, Thyagarajan co-founded Shriram Chits along with AVS Raja and T Jayaraman. Their aim was clear—to provide financial services to those often neglected by mainstream banks. This included truck drivers, small traders, and lower-income borrowers. What started as a modest initiative slowly transformed into one of India's largest financial services groups. An Empire That Serves Millions 4 / 7 Today, Shriram Group operates across thousands of locations and serves more than 11 million clients. With over 70,000 employees and 1.4 lakh agents, the group has grown into a major financial force with an asset under management (AUM) of Rs 1.5 lakh crore. Thyagarajan's people-first vision continues to drive the group's success. He Donated Rs 6,210 Crore 5 / 7 In a landmark move, Thyagarajan sold his stake in the company—worth Rs 6,210 crore—and donated the entire amount to a public trust. Instead of using his wealth for personal comfort or luxury, he decided to dedicate it to the greater good. This act of generosity remains one of the biggest philanthropic gestures in Indian business history. A Life Guided by Values, Not Wealth 6 / 7 Even with enormous success, Thyagarajan remains grounded. He has never been tempted by the trappings of wealth. He lives simply, avoids publicity, and stays true to the principles of integrity, humility, and service. His lifestyle is a refreshing contrast to the typical image of a billionaire. The Legacy of Ramamurthy Thyagarajan 7 / 7 Ramamurthy Thyagarajan's life is a lesson in purpose-driven success. He built a financial empire from scratch, empowered millions, and gave back more than most ever earn. In a time when status is often measured in luxury, his quiet, impactful journey reminds us that true success lies in how much we uplift others.
India Today
20-07-2025
- Science
- India Today
India secures 7th rank at 66th international mathematical olympiad
India matched its best-ever rank—7th globally—at the 66th International Mathematical Olympiad in Australia, earning a record 193 points with three gold, two silver, and one bronze medal. India delivered a stellar performance at the 66th International Mathematical Olympiad (IMO) held in Sunshine Coast, Australia, finishing 7th among 110 participating countries, matching its best historical rank and setting a new national record. The six-member Indian team returned with a full medal tally, comprising three gold, two silver, and one bronze. With a cumulative score of 193 out of 252, this marks India's highest-ever score at the IMO, surpassing all previous records since its debut in 1989. The gold medal winners were Kanav Talwar, Aarav Gupta, and Adhitya Mangudy. Abel George Mathew and Aadish Jain took home silver medals, while Archit Manas earned a bronze. The students, hailing from various parts of India, including four from Delhi, competed against 630 participants worldwide. The team's performance places India 7th globally, a rank it had previously achieved in 1998 and 2001. This also marks the second time India has won three gold medals at a single IMO, with the first instance occurring in 1998. India's best-ever performance came in 2024, when the team secured the 4th position and bagged four gold medals. The Indian delegation was led by Prof. Shanta Laishram of the Indian Statistical Institute (ISI), Delhi, with Dr. Mainak Ghosh from ISI Bengaluru serving as Deputy Leader. Observers included MIT undergraduate Atul Shatavart Nadig and Dr. Rijul Saini. The selection and training of India's IMO team are coordinated by the Homi Bhabha Centre for Science Education (HBCSE), TIFR, the national nodal agency for Olympiad programmes in subjects like mathematics, physics, chemistry, biology, and astronomy. India's sustained excellence at the IMO has been underscored by consistent top-10 finishes—seven in total since 1989—and an accelerating medal count in recent years. Between 2023 and 2025 alone, Indian students have clinched nine gold medals. The IMO challenges participants with six advanced-level problems in areas such as algebra, combinatorics, number theory, and geometry. Each student can earn a maximum of 42 points, with the combined team score capped at 252.
Indian Express
19-07-2025
- Science
- Indian Express
India bags 8 medals at 66th International Mathematical Olympiad 2025
An Indian team comprising six contestants won 8 medals including three gold at the 66th India International Mathematical Olympiad (IMO), held this week at the Sunshine Coast, Australia. Among the three goldwinners, Adhitya Mangudy was representing Maharashtra. This is the second time India has won 3 Gold Medals at the IMO, the first being in 1998. Last year (2024), India made history by winning 4 Gold Medals at the 65th IMO. Since 1989, India has won a total of 23 Gold Medals, 12 of which were earned between 2019 and 2025. Notably, 9 of these came in the last three IMOs (2023, 2024, and 2025). Kanav Talwar and Aarav Gupta from Delhi, along with Adhitya Mangudy from Maharashtra, won Gold. Abel George Mathew from Karnataka and Aadish Jain from Delhi won Silver, while Archit Manas from Delhi secured a Bronze Medal. The team was accompanied by Prof. Shanta Laishram (Indian Statistical Institute, Delhi) as the leader, Dr. Mainak Ghosh (Indian Statistical Institute, Bengaluru) as the deputy leader, Mr. Atul Shatavart Nadig (undergraduate student, MIT, USA), and Dr. Rijul Saini as observers. India achieved an (unofficial) country rank of 7th out of 110 participating countries at the 66th IMO, which featured a total of 630 students. This is the third time India has secured a 7th-place finish at the IMO, matching its performances in 1998 and 2001. The country's best performance to date remains the 4th-place finish at the 65th IMO in 2024. India has now achieved a top-10 rank for the third consecutive year (9th in 2023, 4th in 2024, and 7th in 2025). Since its debut in 1989 (India did not participate in 2020 due to the pandemic), India has placed in the top 10 on seven occasions out of 35 appearances. Adding to this year's achievements, Anant Mudgal became the first Indian to serve on the Problem Selection Committee (PSC) of an IMO not hosted by India—another proud moment for the country at the 66th IMO. Mudgal has represented India at the IMP in the past for four consecutive years – 2015 to 2018 winning multiple medals. The Homi Bhabha Centre for Science Education, TIFR—India's nodal centre for training and selecting students for various International Olympiads —will felicitate the medallists on Monday in a formal function at its Mumbai campus.
Hans India
17-07-2025
- Health
- Hans India
KLH bachupally Kicks Off Global Conference on Generative AI and Computational Intelligence
KLH Bachupally proudly inaugurated the International Conference on Mathematical Modeling in Computational Intelligence and Generative AI (Math-CIGAI 2025) today. The two-day global conference, taking place from July 17–18, 2025, stands as a flagship initiative driving cutting-edge research in Artificial Intelligence, optimization strategies, and the rapidly evolving applications of Generative AI in healthcare. Hosted at the Bowrampet campus, the event brings together a distinguished gathering of international and national experts, academicians, researchers, and professionals, who will engage in deep discussions around mathematical modeling, machine intelligence, and emerging AI technologies. With Generative AI playing an increasingly critical role in sectors like healthcare, the conference will spotlight its applications in medical image generation, disease diagnostics, data augmentation, and privacy-preserving AI systems. Participants can look forward to keynote sessions, research paper presentations, expert panels, and global networking opportunities. The conference features renowned thought leaders including Prof. Dipti Prasad Mukherjee (Indian Statistical Institute, Kolkata) and Prof. Young-Cheol Byun (Jeju National University, South Korea), along with speakers and advisors from countries such as Italy, Turkey, USA, South Korea, Sweden, China, Australia, and Nepal, reflecting KLH's growing international academic footprint. Speaking on the occasion, Er. Koneru Lakshman Havish, Vice President of KL Deemed to be University, stated, 'Math- CIGAI 2025 opens a vital dialogue between technology and society. This platform celebrates interdisciplinary collaboration, encourages innovation, and reaffirms our commitment to nurturing future-ready researchers and professionals.' The conference is being organized under the guidance of Dr. L. Koteshwara Rao, Principal, KLH, along with convenors and enthusiastic support from the university's academic and administrative teams.
Indian Express
30-06-2025
- Politics
- Indian Express
Kolkata's Indian Statistical Institute marks Mahalanobis's birth anniversary, celebrates 75 years of NSS
By Shambhavi Pandey The Indian Statistical Institute (ISI), Kolkata, commemorated the 132nd birth anniversary of its founder, Professor Prasanta Chandra Mahalanobis, on Sunday. Observed nationally as Statistics Day and internally as Workers' Day, the celebration this year focused on '75 Years of the National Sample Survey,' one of Mahalanobis's most enduring contributions to India's statistical infrastructure. The ceremony opened with faculty, students and guests garlanding Mahalanobis's bust and planting a sapling on the Amrapali Lawn. Dr. Paramita Das, recalling the early resistance Mahalanobis faced in establishing statistics as a discipline, quoted Sir Ronald Fisher and highlighted current infrastructural constraints at ISI. In her address, Director Professor Sanghamitra Bandyopadhyay called for honest self-assessment and urged the community to recognise ISI's global impact in data science. Dean of Studies Dr. Biswabrata Pradhan emphasised the need to close funding gaps and expand international collaborations to strengthen the Institute's world standing. Chief guest Professor Shrikrishna Gopalrao Dani, a Shanti Swarup Bhatnagar laureate, lauded Mahalanobis's visionary planning work, likening him to the divine architect Vishwakarma. He also praised ISI's willingness to confront its challenges openly. Former faculty member Professor Manoranjan Pal offered personal recollections of Mahalanobis's mentorship and institutional leadership, underscoring his dual legacy as scholar and builder. Cultural performances by ISI club members followed, and the gathering concluded with a collective rendition of the national anthem. Speakers agreed that preserving Mahalanobis's spirit of scientific service, equity and national progress must guide the Institute's path forward. (Shambhavi Pandey is an intern at the Kolkata office of The Indian Express)
