Palanivel Thiagarajan
Palanivel Thiagarajan (PTR) is an Indian politician and the current Finance Minister of Tamil Nadu.[1] He was elected to the Tamil Nadu Legislative Assembly election in 2016 and 2021 from Madurai Central.[2][3]
Palanivel Thiagarajan | |
|---|---|
| Minister for Finance and Human Resources Management of Tamil Nadu | |
| Assumed office 7 May 2021 | |
| Chief Minister | M. K. Stalin |
| Preceded by | O. Panneerselvam |
| Member of Tamil Nadu Legislative Assembly | |
| Assumed office 25 May 2016 | |
| Preceded by | R. Sundarrajan |
| Constituency | Madurai Central |
| Personal details | |
| Born | 7 March 1966 Madurai, Madras State (now Tamil Nadu), India |
| Political party | Dravida Munnetra Kazhagam |
| Spouse | Margaret Thiagarajan |
| Relations | P. T. Rajan |
| Children | 2 |
| Parent(s) | P. T. R. Palanivel Rajan Rukmani |
| Alma mater | National Institute of Technology, Tiruchirappalli (BTech) University at Buffalo (M.S., PhD) MIT Sloan School of Management (MBA) |
| Website | http://www.ptrmadurai.com/ |
Early life
He is the son of the late P. T. R. Palanivel Rajan, who was also a well-known politician in Tamil Nadu. His grandfather, P. T. Rajan, was the Chief Minister of Madras Presidency from 4 April 1936, to 24 August 1936.
Following his schooling at The Lawrence School, Lovedale, and Vikaasa School, Madurai, Thiagarajan, he graduated with a degree in chemical engineering from the National Institute of Technology, Tiruchirappalli (formerly, Regional Engineering College, Tiruchirappalli). He obtained a master's degree in operations research and a Ph.D. in human factors engineering/engineering psychology at University at Buffalo. He then completed his MBA in financial management at MIT Sloan School of Management.[4] He is a patent holder of Methods & systems for providing structured loan commitment transactions.[5]
Corporate career
He began his career in 1990 as an independent consultant in Operations and Systems Improvement.[6] In 2001 he joined Lehman Brothers Holdings Inc. as Trader and Co-Portfolio Manager – Firm Relationship Loan Portfolio.[7][8] He quit Lehman Brothers Holdings Inc. as Head Of Offshore Capital Markets in the year 2008.[9][10] He then worked for Standard Chartered Bank, Singapore in the Global Capital Markets division. He quit Standard Chartered Bank as Managing Director, Financial Markets Sales in 2014.[11]
Political career
Thiagarajan was elected as the Member of the Legislative Assembly (MLA) from Madurai Central Assembly constituency in the 2016 Tamil Nadu Legislative Assembly election. He was re-elected in the 2021 Tamil Nadu Legislative Assembly election
He is the Finance and Human Resources Management Minister of Tamil Nadu since May 2021.[12] He has released a White Paper on Tamil Nadu's finances after a long time.
Electoral performance
| Party | Candidate | Votes | % | ±% | |
|---|---|---|---|---|---|
| DMK | Palanivel Thiagarajan | 64,662 | 42.55% | +3.35 | |
| AIADMK | M. Jeyabal | 58,900 | 38.75% | New | |
| DMDK | D. Siva Muthukumar | 11,235 | 7.39% | -45.37 | |
| BJP | M. Karthik Prabu | 6,926 | 4.56% | +1.98 | |
| NTK | C. Vetri Kumaran | 2,998 | 1.97% | New | |
| NOTA | None Of The Above | 2,683 | 1.77% | New | |
| SDPI | M. Jafar Sulthan Ibrahim | 1,686 | 1.11% | New | |
| Margin of victory | 5,762 | 3.79% | -9.78% | ||
| Turnout | 151,982 | 65.20% | -9.56% | ||
| Registered electors | 233,084 | ||||
| DMK gain from DMDK | Swing | -10.22% | |||
| Party | Candidate | Votes | % | ±% | |
|---|---|---|---|---|---|
| DMK | Palanivel Thiagarajan | 73,205 | 49.47% | +6.92 | |
| AIADMK | N. Jothi Muthuramalingam | 39,029 | 26.37% | -12.38 | |
| MNM | B. Mani | 14,495 | 9.79% | New | |
| NTK | J. Pandiammal | 11,215 | 7.58% | +5.61 | |
| Independent | Kremmer Suresh | 4,907 | 3.32% | New | |
| SDPI | G. S. Sikkandar Batcha | 3,347 | 2.26% | +1.15 | |
| NOTA | Nota | 1,441 | 0.97% | -0.79 | |
| Margin of victory | 34,176 | 23.09% | 19.30% | ||
| Turnout | 147,989 | 61.17% | -4.03% | ||
| Rejected ballots | 119 | 0.08% | |||
| Registered electors | 241,913 | ||||
| DMK hold | Swing | 6.92% | |||
Personal life
He married Margaret, whom he met at University at Buffalo where he pursued his Ph.D. while pursuing her master's. They have two sons.[14]
References
- ^ "MK Stalin to head 34-member cabinet: PTR is Finance Minister, Ma Su gets Health". The News Minute. 6 May 2021. Retrieved 19 May 2021.
- ^ "Tamil Nadu - Madurai Central 2016". Election Commission of India. Retrieved 25 May 2016.
- ^ "Palanivel Thiagarajan Election Results 2021: News, Votes, Results of Tamil-nadu Assembly". NDTV. Retrieved 8 June 2021.
{{cite web}}: CS1 maint: url-status (link) - ^ Basu, Soma (5 October 2017). "Unlike a politician". The Hindu. ISSN 0971-751X. Retrieved 21 November 2019.
- ^ Methods and systems for providing structured loan commitment transactions
- ^ "Meet Palanivel Thiagarajan, the next Finance Minister of Tamil Nadu! What are his challenges?". The New Stuff. 6 May 2021. Retrieved 20 May 2021.
- ^ "This Former Lehman Banker Is Betting On Legacy In TN Polls". The Huffington Post. Retrieved 7 May 2016.
- ^ "From Wall Street to TN assembly polls: Will Thiagarajan be able to make his mark in politics?". CatchNews.com. Retrieved 7 May 2016.
- ^ Narayanan, Dinesh. "Wall Street banker P Thiaga Rajan contests elections from temple town Madurai". The Economic Times. Retrieved 7 May 2016.
- ^ Manthan India (12 May 2015), The Collapse of Lehman Brothers – An Insider's Perspective with P T Rajan, retrieved 7 May 2016
- ^ Murali D (13 November 2014), Dr P T Rajan, Former Managing Director, Financial Markets, Standard Chartered Bank, retrieved 7 May 2016
- ^ Sivapriyan, ETB (30 May 2021). "Palanivel Thiagarajan: Former banker looks to fix Tamil Nadu's finances". Deccan Herald. Retrieved 8 June 2021.
{{cite web}}: CS1 maint: url-status (link) - ^ (PDF). www.elections.tn.gov.in. Archived from the original (PDF) on 30 April 2022. Retrieved 30 April 2022.
- ^ "This American is part of the campaign for Madurai Central". The Times of India. Retrieved 7 May 2016.