TT Jagannathan, the Chairman Emeritus of TTK Group and the visionary behind the Prestige brand, has passed away in Bengaluru. Jagannathan's contributions to the Indian kitchenware industry and his role in transforming the TTK Prestige have left an indelible mark on the business landscape.

Revolutionary Innovator

Jagannathan revolutionized the pressure cooker industry by introducing the 'gasket release system', which established Prestige as a household name in India. This innovation not only improved the safety of pressure cookers but also helped in making them more user-friendly, contributing to their widespread adoption in Indian kitchens.

Academic and Professional Journey

With a Ph.D. in operations research from Cornell University, Jagannathan brought a scientific approach to business management. His academic background, combined with his business acumen, played a crucial role in the success of TTK Prestige. Jagannathan's commitment to the company was evident in his fifty-year tenure on TTK Prestige's board.

Turnaround Specialist

One of Jagannathan's most significant achievements was his role in turning around the TTK group. Under his leadership, the company not only recovered from near-bankruptcy but also became debt-free. This transformation is a testament to his strategic vision and management skills.

Legacy in Literature

Jagannathan's journey and business philosophy are immortalized in his book, 'Disrupt and Conquer-How TTK Prestige became a Billion Dollar Company'. The book serves as a valuable resource for entrepreneurs and business leaders, detailing the challenges and strategies that led to TTK Prestige's remarkable success.

Impact on Indian Industry

TT Jagannathan's passing marks the end of an era in the Indian kitchenware and appliance industry. His innovative spirit, coupled with his ability to navigate through challenging business landscapes, has set a benchmark for future generations of entrepreneurs.

The legacy of TT Jagannathan extends beyond the products he helped create. His journey from facing near-bankruptcy to building a billion-dollar company serves as an inspiration for business leaders facing adversity. The TTK Group and the Prestige brand stand as testaments to his vision, resilience, and innovative approach to business.

TTK Prestige has announced the unexpected passing of T T Venkatesh, a prominent member of the company's Promoter and Promoter Group, on September 17, 2025. The company informed the stock exchanges about this development on September 18, 2025, in compliance with SEBI regulations.

Shareholding Details

T T Venkatesh held a significant stake in TTK Prestige, both directly and indirectly:

It's noteworthy that T T Krishnamachari & Co., where Venkatesh was a 14% partner, holds 8,27,67,238 equity shares, representing a substantial 60.44% stake in TTK Prestige.

Impact on Promoter Group

Following his demise, T T Venkatesh will cease to be part of the Promoter Group of TTK Prestige, as per Regulation 31A (6) (c) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Transmission of Shares

The company has stated that the transmission of Venkatesh's shareholding to his nominees will be processed. Until this process is completed, the shares will continue to be shown under his name.

Company's Response

TTK Prestige expressed deep sorrow over the sudden and unexpected loss, describing it as "an irreparable loss to the Company." The board of directors and employees have conveyed their condolences to Venkatesh's family.

This development marks a significant change in the ownership structure of TTK Prestige, given Venkatesh's substantial direct holdings and his partnership in the company's major shareholder, T T Krishnamachari & Co.