Atlas Ramachandran

M. M. Ramachandran (31 July 1942 – 2 October 2022), better known as Atlas Ramachandran, was an Indian jeweller, film producer and actor. He was the chairman of Atlas Jewellery and is known for the tagline of his jewellery, "Janakodikalude Vishwastha Sthapanam" (transl. "The people's trusted establishment"). He had produced and distributed films under the banner "Chandrakanth Films". Vaisali and Sukrutham (1994) are the major films that he has produced. He has also acted in a few movies notably in Subhadram (2007) in a lead role.

Early life & career Ramachandran was born at Mullassery in the Thrissur District of Kerala on 31 July 1942 into a family with a rich cultural and literary background. His father, V. Kamalakara Menon (d. 1995), was a poet, and there were frequent Akshara Shlokam recitation sessions at his home. Ramachandran was the third of the eight children and the second son.

After acquiring his bachelor's degree in commerce from St. Thomas College, Thrissur, he moved to Delhi to begin his professional career as a banker with Canara Bank and then with State Bank of India.

Career In Delhi, Ramachandran started his career in the banking industry. He joined Canara Bank and completed a post-graduate degree in economics from the Delhi School of Economics. Later on, selected as a probationary officer by the State Bank of India, he moved to the State Bank of Travancore where he was a field officer, accountant and manager. By the time he left the bank, he was the superintendent of over 100 branches.

In 1974, he moved to Kuwait City to work for the Commercial Bank of Kuwait.

Legal troubles In the United Arab Emirates (as in many Arab countries in the Persian Gulf region), loans are secured with a signed cheque for the entire loan amount. Loan providers could present this cheque at any time. If a cheque cannot be processed because the account holder has insufficient funds this can be escalated into a criminal matter and debtors jailed to recoup debt. This is contrary to most developed countries where there are no security cheques and these types of issues only result in civil cases. In the Middle East, many business owners quietly leave the country when they face liquidity issues. Ramachandran stayed in the country to resolve his business and legal troubles. However, he was detained by the Dubai Police in August 2015. He sought to have his charges suspended but did not receive bail and was then imprisoned three months later by the Dubai Court. While in prison, his hospitals were sold to repay some loans. However, most jewellery shops simply closed and became insolvent. After nearly three years, he was released in June 2018. There was a major amendment made to UAE Federal Law on 2 January 2022 that decriminalised bounced cheques.

Death Ramachandran died in a hospital in Dubai on 2 October 2022 following a cardiac arrest. He was 80.

Filmography Ramachandran ventured into film production and distribution. He was known as Vaisali Ramachandran due to the fame of his debut film production Vaisali, an episode from Mahabharata, which was a classic in the Malayalam film industry. He resigned from the Commercial Bank to focus solely on the jewellery business and motion pictures. At the time of his resignation, he was one of the most highly respected and highly paid bank managers in Kuwait. With his new focus, he either produced or distributed the hit films Sukrutham, Dhanam, Kauravar, Chakoram, Vasthuhara, Innale and Venkalam. A number of his films were selected to Indian Panorama, were critically acclaimed, and won prestigious awards.