Veteran producer and owner of iconic AVM Studios, M Saravanan, died in Chennai due to age-related ailments on Thursday, sources said.

He was 86.

According to sources, Saravanan had been suffering from health issues for a few years and was undergoing treatment intermittently.

Popularly known as AVM Saravanan, the legendary producer took over the studio established by his father A V Meiyappan in 1946 after his death in 1979.

Under his stewardship, AVM continued as a major production house and diversified its work across Tamil, Telugu, Hindi and other language films.

Saravanan, along with his brother M Balasubramanian, played a key role in shaping commercial Tamil cinema since 1950s.

Particularly, his films 'Naanum Oru Penn' (1963) and 'Samsaram Adhu Minsaram' (1986), won him several ac

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