T. A. Pai

Tonse Ananth Pai (abbreviated: T. A. Pai), (17 January 1922 – 29 May 1981) was responsible for the success of Syndicate bank as its General Manager and later as Chairman. He is also the founder of T. A. Pai Management Institute.

Early life

He was the eldest of four sons of Tonse Upendra Pai. He was the nephew of Dr. T. M. A. Pai. After his early childhood spent in Udupi district, he went to Bombay (now, Mumbai) to pursue his education. He graduated in Commerce from Sydenham College of Commerce and Economics in 1943.

Banking career

Pai joined the Syndicate Bank in 1943 as Deputy Manager. After holding several positions in the bank and being the General Manager from 1944 to 1961, he rose to become the Managing director of the bank from 1962 to 1964. Under his stewardship the bank was credited with a number of achievements - fastest growth, pioneering schemes, innovation in mobilisation of small savings, agricultural financing and focus on the common man.

Administrative role

After successful career in Syndicate Bank, T A Pai was appointed the first Chairman of Food Corporation of India in 1965. After a little over one year, he rejoined the Syndicate Bank in 1966 and was appointed its Chairman in 1967. The Government of India appointed him Chairman of Life Insurance Corporation in 1970. He was the first Chairman of the renowned Indian Institute of Management Bangalore.

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Almacenes Tía

Tiendas Industriales Asociadas S.A. Tía S.A. branded as Tía is a South American retailing brand founded in 1940, with separate divisions and brands in Ecuador, Uruguay and Colombia. It is the largest discount retailer in Ecuador and Uruguay operating there nearly 300 locations under the brands Tía, MAGDA, Ta-Ta and MULTI AHORRO. In Colombia Tia S.A (Colombia) operates 19 locations under the Tía brand.

History

Tía S.A finds its roots in the Eastern European supermarket chain Te-Ta founded by Kerel Steuer and Federico Deutsch in the 1920s in Prague, Czechoslovakia, with presence in Czechoslovakia, Yugoslavia and Romania. The Second World War and its effects forced the founders to emigrate to the Americas leaving everything behind, and beginning operations in Bogotá, Colombia in 1940 under the brand Tía, later expanding to Argentina, Peru, Uruguay and Ecuador under the Tía brand and other brands. The wave of European migrants in the 1930s brought to Colombia a dozen members of the European families Steuer and Deutsch who created a store where customers could find everything they wanted without having to go to other stores. The idea of creating a store similar to those that existed in Eastern Europe was protocolized on October 14, 1940, opening the first Tía store in South America, on Carrera Séptima, between calles 17 and 18, in the heart of Colombia, Bogotá.