Atlas Ramachandran
| Dr. M.M. Ramachandran | |
|---|---|
 |
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| Born |
31 July 1941 Thrissur, Kerala, India |
| Nationality | Indian |
| Occupation | Chairman, Atlas Group |
| Spouse(s) | Indira Ramachandran |
| Children | Sreekanth Ramachandran, Manju Ramachandran |
| Parent(s) | V. Kamalakara Menon, M.M. Rugmani Amma |
| Website | www.atlasera.com |
M.M. Ramachandran (popularly known as Atlas Ramachandran) is an Indian businessman, film producer, and actor. He is the chairman of the jewelry chain Atlas group. He is well known for the tagline of his jewelry, "Janakodikalude Vishwasthasthapanam" (Meaning: The trusted enterprise of the masses), which later became a hackneyed phrase in Malayalam.
M. M. Ramachandran established the Atlas Group in the 1970s with the first gold jewellery showroom in Kuwait City.. He later founded more than 50 establishments around the world. Atlas pioneered transparency in the gold business by advertising the Atlas daily gold rates through mass media and fixing the price separately for 22 and 24 Karat gold jewelry. In the late 80s he took the Atlas Group into movie production. At the beginning of the millennium, he further expanded into industries such as health care (Atlas Health Care), real estate (Atlas Gold Townships) and studios for advertising and photography.
In 2015 the I-T department held simultaneous raids at 23 premises owned by the jewellers including Thrissur, Coimbatore, Kochi, Thiruvananthapuram, Bengaluru, Mumbai and New Delhi. Raids were also held at the three houses of the group owner and the houses of five key employees in Thrissur and Ernakulam. I-T department suspects Rs 30 crore tax evasion by jeweller group Ramachandran and his daughter was arrested by the Dubai police following defaults of over Rs 1,000 crores with multiple banks
There are also reports that the Kerala Chief Minister has been requested to broker a deal to rescue Atlas Ramachandran.
Hence Ramachandran struggled to settle the overdues with the banks within the framed time, The court gave 3 years jail term Currently he is in Dubai prison.
Ramachandran has lots of real estate in Kerala. When he is released, possibly he will merge that with this co. Or JV with MNC and set up or acquire healthcare in India.
Share of Atlas Jewelry is out of T2T. Price not falling below 60. Delivery % is very high & Trading volume very low. Maybe, soon circuit will change. Volumes of Share Trading up for Bonus. Only 2.7% open float for Retail Investors. others in large hands. So, price fluctuation will be wide. Ramachandran may re-ignite the group`s growth engine once he is out and back as chairman, soon. If that happens, u will see continuous upper circuits.... 20% - 3 days, 10% - 3 days, then 5% - 3 days, .... price around Rs.200 by then.
In 2011, he made his directorial debut, with Holidays’. This film got a very negative review, and failed miserably at the box office.Sify reviewed the film saying, "With a ridiculous plot that has been presented as a thriller, Dr.M M Ramachandran’s Holidays is an amateurish attempt, to say the least. The script, visuals, music and the performances doesn’t help in making things better either."
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Wikipedia