Venkataraman Krishnamurthy, the former chairman of BHEL, Maruti Udyog and SAIL who was considered the turnaround man of several public sector units, died at the age of 97.
Krishnamurthy was also known as the 'father of public sector undertaking in India'.
Krishnamurthi (97) served as Secretary of Industries for the Government of India, and Member of the Planning Commission.
He also worked with five Prime ministers - Lal Bahadur Shastri, Indira Gandhi, Morarji Desai, Rajiv Gandhi and Manmohan Singh, and was also a member of the National Advisory Council headed by Sonia Gandhi.
He was conferred Padma Shri, Padma Bhushan and Padma Vibhushan for his services.