He was a recipient of many awards, including the Asian Productivity Organisation Award in 1980.
KT Chandy, the founder of Indian Institute of Management, Kolkata, passed away on Tuesday due to old age. He was 93.
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He is survived by wife Rebecca, sons KT Chandy and KG George Chandy, and daughters Susan Cherian and Anna Philipose, family sources said.
He was a recipient of many awards, including the Asian Productivity Organisation Award in 1980.
He was also the Chairman of Food Corporation of India and Hindustan Steels.
He was also among the Board of Governors of Indian Institute of Technology, Chennai, the National Productivity Council, Metallurgical Research Institute, Ranchi, Central Food Technological Research Institute, Mysore, Kerala State Industrial Development Corporation and Centre for Earth Science Studies, Thiruvananthapuram.
He had also served as Vice-Chairman of the Kerala State Planning Board.
He was also a member of the University Grants Commission, the Asian Productivity Organisation and a promoter of Indian Society for Mathematical Research and Kerala Forest Research Institute, Thrissur.