With a career spanning several decades, it was his unofficial record of 600 classic wins in the races that set him apart. Muthiah's claim that he was adopted son of MAM Ramaswamy and Sigappi Achi and that the adoption happened on February 9, 1996, came under adverse judicial notice, as … 2000 crore. In a bitter family feud, MAM Ramaswamy, chairman of the Chettinad group of companies publicly disowned his adopted son S Ayyappan for having grabbed a substantial part of the family property. Ramaswamy succeeded his older brother M. … His house alone, called Chettinad Palace , is estimated to be worth a whopping Rs. Muttaiya Annamalai Muthiah Ramaswamy (30 September 1931 – 2 December 2015) was an Indian industrialist, politician and race horse owner who served as Chairman of the Chettinad Group of Companies and a member of the Upper House of the Parliament of India, the Rajya Sabha for Karnataka representing the Janata Dal (Secular) from 2004 to 2010. So what were Mam Ramaswamy’s secrets to business, life, […] He was recently elected chairman of the Madras Race Club. The university over which Ramaswamy enjoyed complete control showed a deficit of Rs272 crore and had liabilities worth Rs238 crore. He was a … MAM Ramaswamy (84), the last of the Rajahs of Chettinad, died on Wednesday after a brief illness. This was 84-year-old MAM Ramaswamy on June 9 at his residence, the palatial Chettinad House in Chennai. In a reprieve to industrialist AC Muthiah, the Madras high court has permitted the trust (Dr MAM Ramaswamy Chettiar of Chettinad Charitable Trust) ma And the heir he had so imperiously disowned was his adopted son, MAMR Muthiah. Ramaswamy is passionate about horses and owns two stud farms near Chennai that have won over 400 classics. MAM, as he was popularly known, was hospitalised in November. On forbes lists #88. According to her that all the movable and immovable property of MAM Ramaswamy are now under the control of DR MAM Ramasamy Chettiar of Chettinad Charitable Trust, in which she is an executive. This apart, the MAM Group has six to seven charitable trusts, which own several properties in Chennai. Associates of MAM peg the value of each horse at Rs 5-10 lakh. Sources said the problems started when Ayyappan objected to Ramaswamy's way of running the university. MAM Ramaswamy, 84, was crowned a Forbes Billionaire in 2012. Mam Ramaswamy was a man of many talents – a brilliantly successful businessman, a lover of fine horses, and, more than that, a horse racing legend. After a prolonged battle, Ramaswamy was removed from the chairmanship of the Chettinad group in 2014. MAM Ramaswamy inherited the Chettinad business empire from his grandfather, Raja Annamali Chettiar. MAM Ramaswamy, the horse-racer who entered the Guinness Book by winning more than 300 Classic Races, today owns approximately 1,000 horses.