N Sankar, chairman of The Sanmar Group, died on Sunday after a brief illness, according to family sources. He was 77 years old. He leaves behind a wife, a son, and a daughter. Vijay Sankar, Sankar's son, is the deputy chairman, while N Kumar, Sankar's brother, is the vice-chairman.
Sankar has held several positions in industry organizations. According to a news release, he was the president of ASSOCHAM, as well as the head of the Indo-US Joint Business Council, the Madras Chamber of Commerce and Industry, and the Madras Management Association.
From 1989 until 2017, he was also the Honorary Consul General of Denmark in South India. He received his bachelor's degree in chemical engineering from AC Tech College of Technology and his master's degree from the Illinois Institute of Technology in Chicago.
According to the announcement, he was recognized as a people-centric leader who spent valuable time with employees to teach them.
Sankar joined Chemplast as a trainee on May 4, 1967, while his late father, KS Narayanan, was the promoter and director. He began his entrepreneurial career at the age of 26 when he purchased a majority share in industrial chemicals and monomers, a carbide production company.
Aside from his time at the corporation, Sankar was a sports fan, particularly cricket and tennis.
The Sanmar family owns and operates two cricket clubs: Jolly Rovers and Alwarpet Cricket Club. Sankar, a university tennis champion, had popularized the game by financing it for the previous 40 years.
He was president of the Tamil Nadu Cricket and Tennis Associations, as well as the Madras Cricket Club.
Sankar had given financial assistance to organizations such as the Cancer Institute, Sankara Nethralaya, Child's Trust Hospital, and Voluntary Health Services.
He was active in educational and humanitarian organizations such as the Sri Sankara Schools in Chennai and the Willingdon Corporate Foundation. He was on the board of directors of the Indian Institute of Management, Kozhikode.
Sankar was an early adopter of contemporary management principles, according to TVS Group chairman emeritus Venu Srinivasan, and was focused on developing competency in his enterprises.
"Sankar was a pioneering South Indian industrialist. "I've known him for decades and have watched him run the Sanmar Group with insight," Srinivasan added.
"Sankar encouraged worldwide expansion and investment to position Sanmar as a global leader," he continued. The Sanmar Group has operations in India, the United States, Mexico, and Egypt.