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THE TEXTILE MAGAZINE
AUGUST 2011
constructed at a cost of Rs. 1 lakh.
The power was provided under the
Pykara Power Project by the West
Ramnad District Electricity Board
that encouraged us to buy electricity
by our investing Rs. 25,000 as deposit.
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candy and the yarn price was 91 paise
per kg”, Mr. Ramasubrahmaneya Ra-
jha recollected.
Rajapalayam Mills was declared
open by V.V. Giri, Labour Minister
in the then Madras Presidency. At the
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Ramasamy Raja said: “a contended
worker will give to the employer bet-
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Mr. Ramasubrahmaneya Rajha fur-
ther said: “It will be appropriate to
mention here that the late G. Kup-
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ther of Sanjay Jayavarthanavelu, Man-
aging Director of LMW, was helping
my father by advising him during
the construction of our mill, on his
way to Kovilpatti to establish his mill
there. When the mill started produc-
tion on August 5, 1938, he, along with
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the PSG Group of Industries, fed the
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and blessed our institution with their
golden touch”.
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of 5 per cent was declared, in addi-
tion to a pro rata dividend of 2 per
cent declared from the date of collec-
tion of share capital till commence-
ment of production. The mill has the
proud record of unbroken dividend
payment in the 75 years of its exis-
tence.
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have envisioned that this company
would become a leader in such a short
time and the nucleus around which
would evolve the Rs. 4,300-crore
Ramco Group.
The last 75 years have proved him
right. Today the mills is acknowledged
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the industry whose production has in-
creased several times through expan-
sion and modernization. And its qual-
ity counts in 4’s to 300’s are threading
their way throughout the world to the
most quality conscious consumers in
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Mr. P.R. RAMASUBRAHMANEYA RAJHA
,
Chairman
exCLuSIve