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Padma Shri Awardee and IDBI Bank Chairman T. N. Manoharan Passes Away at 69.

Obituary | Dated: 31 Jul 2025

T. N. Manoharan, a veteran Chartered Accountant, Padma Shri awardee, and Chairman of IDBI (Industrial Development Bank of India) Bank, passed away on July 30, 2025, in Mumbai. Born on April 7, 1956, in Tamil Nadu, he played a pivotal role in India’s financial, auditing, and banking reforms. He was also a former President of the ICAI (Institute of Chartered Accountants of India) and a mentor to thousands of CA (Chartered Accountant) aspirants.

🎯 Key Highlights:

  • - Manoharan earned a Master’s degree in Commerce and a Law degree, and qualified as a Chartered Accountant in 1983. He founded Manohar Chowdhry & Associates, a prominent CA firm, and offered free education to students from economically weaker sections aspiring to become CAs.
  • - He was part of the ICAI central council from 2001 and became the National President of ICAI for the term 2006–07. He chaired the Accounting Standards & Taxation Committee of the CII (Confederation of Indian Industry) from 2009 to 2011. Additionally, he was a member of expert committees under institutions like RBI (Reserve Bank of India), SEBI (Securities and Exchange Board of India), CVC (Central Vigilance Commission), C&AG (Comptroller and Auditor General of India), and CBDT (Central Board of Direct Taxes).
  • - In 2009, he was appointed to the Government-nominated board of Satyam Computer Services Ltd., helping revive the company after the biggest corporate scam of its time. His role in this turnaround was later documented in his book titled "Tech Phoenix: Satyam's 100-day Turnaround".

💡 Other Important Facts:

  • (i) Manoharan served as the Non-Executive Chairman of Canara Bank until August 2020. He also acted as the Administrator of Lakshmi Vilas Bank, overseeing its merger with DBS (Development Bank of Singapore) Bank. He was a board member at NaBFID (National Bank for Financing Infrastructure and Development), a development financial institution established by the Government of India.
  • (ii) In May 2022, he was appointed as the Chairman of IDBI (Industrial Development Bank of India) Bank for a three-year term. During this period, he played a critical role in implementing governance reforms, enhancing investor confidence, and guiding the bank’s financial strategy and operations.
  • (iii) T. N. Manoharan was awarded the Padma Shri (India’s fourth-highest civilian award) by the Ministry of Trade and Industry in April 2010. He was also honored with multiple recognitions including the Lifetime Achievement Award (2005), Dronacharya Award (2022), NDTV-Profit’s Business Leadership Award (2009), and CNN-IBN Indian of the Year (2009), which was presented by the then Prime Minister of India.

📚 Test Your Knowledge:

Recently, who passed away on July 30, 2025, while serving as Chairman of IDBI Bank and was also a Padma Shri awardee?

Correct Answer: T. N. Manoharan

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