“We owe a lot to these great men. They were not business men but business leaders. Balasundaram was a man wedded to principles. He was a strict disciplinarian and a tough task master,” he said.Chairman of K.G. Group of Companies K.G. Balakrishnan said Coimbatore developed as a major textile centre because of Textool. Balasundaram developed indigenous technology that was critical to the development of the textile sector here. Chairman and Managing Director of Sandfit Foundries A.V. Varadaraj said Balasundaram created hundreds of entrepreneurs in Coimbatore.
He helped entrepreneurship gain a foothold in Coimbatore by encouraging ordinary people to become entrepreneurs. “We should recognise men who helped Coimbatore grow.” President of Southern India Engineering Manufacturers’ Association Jayakumar Ramdass said Balasundaram was associated with the organisation for a decade and had served as its executive committee member, vice-president and president.
C.R. Shanmugasundaram, former president of SIEMA, also paid his tributes.