TT Jagannathan, Chairman Emeritus of TTK Prestige, passed away in Bengaluru on Thursday. A gold medallist from IIT-Madras, he introduced the ‘gasket release system’ in cookers that led to the popularity of the ‘Prestige’ brand.
The article below was published in March this year following his decision to step back from all roles in his company.
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On Monday, TTK Prestige informed the bourses that its Non-Executive Chairman and Director on the board TT Jagannathan who had served in various capacities including that of Managing Director and Executive Chairman would be stepping down from all roles. Even as the company board conferred the title of ‘Chariman Emeritus’ and requested him to be a non-executive director, the bland announcement belied the rich 50-year legacy that Jagannathan cooke