Narayanaswami Srinivasan (born 3 January 1945) is an Indian

industrialist A business magnate, also known as an industrialist or tycoon, is a person who is a powerful entrepreneur and investor who controls, through personal enterprise ownership or a dominant shareholding position, a firm or industry whose goods or ser ...

and former cricket administrator. He was the

Chairman The chair, also chairman, chairwoman, or chairperson, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the gro ...

of the

International Cricket Council The International Cricket Council (ICC) is the global Sports governing body, governing body of cricket. It was founded as the Imperial Cricket Conference in 1909 by representatives from Australia, England, and South Africa. In 1965, the body wa ...

(ICC) and the

President President most commonly refers to: *President (corporate title) * President (education), a leader of a college or university *President (government title) President may also refer to: Arts and entertainment Film and television *'' Præsident ...

of the BCCI, the governing body for

cricket Cricket is a Bat-and-ball games, bat-and-ball game played between two Sports team, teams of eleven players on a cricket field, field, at the centre of which is a cricket pitch, pitch with a wicket at each end, each comprising two Bail (cr ...

in India. He is also the owner and managing director of the firm

India Cements The India Cements Limited is a cement manufacturing company based in Chennai. It is the 9th largest listed cement company in India by revenue. The company was headed by former International Cricket Council chairman and Board of Control for Crick ...

, and is the owner of

Indian Premier League The Indian Premier League (IPL) is a professional Twenty20 (T20) cricket league in India, organised by the Board of Control for Cricket in India (BCCI). Founded in 2007, it features ten city-based Professional sports league organization, fr ...

(IPL) team

Chennai Super Kings The Chennai Super Kings, also known as CSK, are a professional Twenty20 cricket team based in Chennai, Tamil Nadu, that competes in the Indian Premier League (IPL). The team was one of the eight debut franchises when the league was establ ...

. Srinivasan was investigated regarding several scams, including betting on IPL cricket matches; his son-in-law Gurunath Meiyappan has been indicted for passing IPL information to bookies. He was also investigated for corruption involving politician Jagan Mohan Reddy. In March 2014, the

Supreme Court of India The Supreme Court of India is the supreme judiciary of India, judicial authority and the supreme court, highest court of the Republic of India. It is the final Appellate court, court of appeal for all civil and criminal cases in India. It also ...

ordered him to quit as BCCI president to facilitate investigations into the IPL betting scam. Justices A K Patnaik and FMI Kalifulla: "unless the President of the BCCI steps down, no fair decision can be taken. Why is Mr Srinivasan sticking to his chair? It is nauseating... Srinivasan should step down else we will pass a verdict," On 26 June 2016, he was re-elected president of Tamil Nadu Cricket Association, during their 86th annual general meeting in

Chennai Chennai, also known as Madras (List of renamed places in India#Tamil Nadu, its official name until 1996), is the capital city, capital and List of cities in Tamil Nadu by population, largest city of Tamil Nadu, the southernmost states and ...

. He was elected unopposed.

Early life and education

Srinivasan was born at

Kallidaikurichi Kallidaikurichi () or Kalladaikurichi is a town on the right bank of the Thamiraparani river in Ambasamudram Taluk of Tirunelveli district in Tamil Nadu, a southern state of India. Etymology 'Kal + idai + kurichi' meaning exactly in Tamil, ...

, Tirunelveli district,

Tamil Nadu Tamil Nadu (; , TN) is the southernmost States and union territories of India, state of India. The List of states and union territories of India by area, tenth largest Indian state by area and the List of states and union territories of Indi ...

. He is the son of T. S. Narayanaswami, one of the first employees of India Cements. He did his schooling in Madras Christian College Higher Secondary School. He holds a

Bachelor of Science A Bachelor of Science (BS, BSc, B.S., B.Sc., SB, or ScB; from the Latin ') is a bachelor's degree that is awarded for programs that generally last three to five years. The first university to admit a student to the degree of Bachelor of Scienc ...

from

Loyola College, Chennai Loyola College is a government aided private Catholic higher education institution run by the Society of Jesus in Chennai, Tamil Nadu, India. It was founded in 1925 by the France, French Jesuits, Jesuit priest, Francis Bertram, along with other ...

and Master of Science degree in chemical engineering from the

Illinois Institute of Technology The Illinois Institute of Technology, commonly referred to as Illinois Tech and IIT, is a Private university, private research university in Chicago, Illinois, United States. Tracing its history to 1890, the present name was adopted upon the m ...

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, United States.

Sports administration

Srinivasan was introduced to cricket administration by former BCCI president A. C. Muthiah. He was the Secretary of the BCCI before becoming the president, taking over the reins from Shashank Manohar, in 2011. He was succeeded by Jagmohan Dalmiya in 2014. His company India Cements owns

(IPL) franchise team

and he is the president of the Tamil Nadu Cricket Association (TNCA). Srinivasan is also the president of the Tamil Nadu Golf Federation and former president of the All India Chess Federation. He was elected as president of the Tamil Nadu Cricket Association(TNCA) for the 14th consecutive time at its 85th Annual General Meeting in Chennai, on 12 June 2015. He is heading the TNCA since 2002–03, when he ended the reign of former BCCI president A.C. Muthiah. Srinivasan became the first

chairman The chair, also chairman, chairwoman, or chairperson, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the gro ...

of the ICC On 26 June 2014. On 9 November 2015, he was removed as ICC chairman.

Corporate career

Srinivasan took over as vice-chairman and managing director of

in 1989. He made a hostile attempt to takeover Andhra Pradesh based Raasi Cements in 90's and merged it with India Cements. The Rs 380-crore deal was one of the biggest ever acquisitions in Indian corporate history, and the first successful hostile takeover. By spending about 500 crores in total, he was able to get a greenfield plant that would have cost him about 1000 crores. Later, he made a bid for Yerraguntla plant of government-owned Cement Corporation of India (CCI) and annexed it to India Cements. He managed to beat Gujarat Ambuja (now Ambuja Cements), the other bidder, at the post because of the tacit support he got from the ministers in the central government at that time. He served as the president of the Madras Chamber of Commerce and Industry from 1996 to 1998 and is a member of the executive committee of Federation of Indian Chambers of Commerce and Industry (FICCI). Between 1991 and 2006, he was the president of the Cement Manufacturers' Association for five terms and chairman of the board of Governors of the National Council for Cement and Building Materials (NCCBM) for four terms between 1991 and 2006. He was also the chairman of Development Council for Cement Industry (DCCI) constituted by the Government of India for two terms from 1992 to 1996. He was also the president of The Madras Chamber of Commerce and Industry (MCCI) for two terms between 1996 and 1998. In 2000–2001, he was president of the All India Organisation of Employers. He was also a member of the Prime Minister's Council of Trade and Industry (1996–2001). He was the Sheriff of Madras for two terms during the period 1989 to 1991.

Controversies

Changing regulations for personal benefits

The BCCI had a regulation Clause 6.2.4 stated that "no administrator of BCCI could have had, directly or indirectly, any commercial interest in the matches or events conducted by the cricket board". Later, after the start of IPL in 2008, the clause was amended to give unfavorable benefit to BCCI members such that they can own stakes in the IPL, the ICC Champions Trophy and other T20 matches. N. Srinivasan became the owner of

(CSK) after this rule was changed. This clause was later brought by the

Betting and abuse of power

In 2013, under the massive Indian Premier League Spot fixing controversy, N. Srinivasan's son-in-law and CSK team principal Gurunath Meiyappan was arrested by Mumbai Police under the involvement in heavy betting and trading of inside information to bookies. Despite media and national outrage asking for his resignation, he remained defiant. But ultimately, he stepped aside on 2 June 2013 and appointed Jagmohan Dalmiya as the interim president. On 27 September,

Supreme Court In most legal jurisdictions, a supreme court, also known as a court of last resort, apex court, high (or final) court of appeal, and court of final appeal, is the highest court within the hierarchy of courts. Broadly speaking, the decisions of ...

restrained him from holding the post of BCCI President until its further orders. On 8 October 2013 Supreme Court allowed N. Srinivasan to take charge as BCCI president. As the president of BCCI he had controversial conflicting relations with Mahendra Singh Dhoni, who was then captain of both the Indian Men's Cricket Team and his IPL Franchise CSK. Srinivasan had and still has lots of conflicts of interests. He was at one point in time, the president of BCCI, the owner of CSK, a team in IPL, and also the owner of

India cements The India Cements Limited is a cement manufacturing company based in Chennai. It is the 9th largest listed cement company in India by revenue. The company was headed by former International Cricket Council chairman and Board of Control for Crick ...

, a firm in which he had appointed Dhoni as a vice-president. He also used his personal influence and power to halt Dhoni's being removed from captaincy, by interfering in what is supposed to be an independent decision of the national selectors. On 10 February 2014, a report submitted by the retired High Court Chief Justice Mukul Mudgal-led committee, accused Srinivasan's son-in-law, Gurunath Meiyappan of illegal betting and passing on sensitive match-related information to bookies during IPL 2013. The 170-page report also stated that his company,

was liable for Meiyappan's actions and that the

franchise was in violation of the franchise agreement, which may result in the termination of the

franchise. On 21 March, Meiyappan's voice was found to match a tapped phone conversation discussing match fixing activities On 25 March 2014 the

ordered Srinivasan to step down as BCCI president so that a fair investigation may be conducted. The court found it "nauseating" that he should hold on to the post despite various courts censuring him. On 27 November 2014 the Supreme Court said that his's conflict of interest was "obvious" as he also owned a team in the IPL, CSK. The court also asked BCCI if it was open to have a fresh poll for a new board without Srinivasan. On 29 March 2015, he gave away the Cricket World Cup trophy to the winning Australian team - an act that should have been performed by then ICC President Mustafa Kamal. Prior to the final, Kamal had made controversial statements regarding umpiring in the India-Bangladesh quarterfinals. In light of these comments, ICC reportedly had a meeting, and decided that Kamal would not be allowed to hand over the trophy. Srinivasan had also expressed his extreme unhappiness over Kamal's comments in the same meeting, causing an embarrassed Kamal to walk out of the final before the match even finished. He later quit his position as the president, and vowed to expose the people behind the "mischievousness".

Corruption allegations with Y. S. Jagan Mohan Reddy

Srinivasan was one of the main investors in several of Jagan Mohan Reddy's "suitcase companies" and is a subject of investigation in the Rs. 3000 crore corruption case.

had invested more than a hundred crores in Jagan's Bharti Cement in return for

quid pro quo ''Quid pro quo'' (Latin: "something for something") is a Latin phrase used in English to mean an exchange of goods or services, in which one transfer is contingent upon the other; "a favor for a favor". Phrases with similar meanings include: " ...

favours granted while Jagan's father Y.S. Rajasekhara Reddy was the chief minister of

Andhra Pradesh Andhra Pradesh (ISO 15919, ISO: , , AP) is a States and union territories of India, state on the East Coast of India, east coast of southern India. It is the List of states and union territories of India by area, seventh-largest state and th ...

between 2004 and 2009. The

Central Bureau of Investigation The Central Bureau of Investigation (CBI) is the domestic crime investigating agency of India. It operates under the jurisdiction of the Ministry of Personnel, Public Grievances and Pensions. Originally set up to investigate bribery and gover ...

(CBI) was of the opinion that Srinivasan's company,

invested Rs. 140 crore into Jagan's business in return for the benefits it received from the Rajasekhara Reddy government. He has appeared in front of the special CBI court repeatedly to answer for this allegedly massive corruption case.

Personal life

Srinivasan is married to Chitra Srinivasan and the couple have two children: Rupa Gurunath Meiyappan and Ashwin Srinivasan. Srinivasan's younger brother, N. Ramachandran, is also involved in sports administration as the head of the

Squash Rackets Association, president of the

Indian Olympic Association The Indian Olympic Association (IOA) or Indian Olympic Committee (IOC) (ISO 15919, ISO: ''Bhāratīya Olaṃpika Saṃgha'') is responsible for selecting athletes to represent India at the Olympic Games, Asian Games and other international spor ...

and the chief of World Squash Federation. His daughter Rupa is married to film producer Gurunath Meiyappan, who was one of the most high profile arrests in the 2013 IPL spot-fixing case. Rupa was also the president of Tamil Nadu cricket association.

References

{{DEFAULTSORT:Srinivasan, N. 1945 births Living people Businesspeople from Chennai Loyola College, Chennai alumni Indian cricket administrators Indian businesspeople in cement Presidents of the Board of Control for Cricket in India Chairpersons of the International Cricket Council Sheriffs of Madras Indian Premier League franchise owners India Cements