Tonse Madhava Ananth Pai, who passed away on 29 May 1979, aged 81, was an Indian physician, educationist, banker and philanthropist, most well-known for building the university town of Manipal, India.
He was the first to
start a private, self-financing medical college offering MBBS in India. Pai
established the Kasturba Medical College in 1953 and Manipal
Institute of Technology in 1957, which was followed by a string of other
education institutions including Manipal College of Dental Sciences, Manipal
College of Pharmaceutical Sciences and Manipal Pre-University College. He,
along with his brother Upendra Ananth Pai, also established Syndicate Bank originally
in Udupi, Karnataka, which has its headquarters now in Manipal and
Bangalore. He was responsible for its popular Pigmy Deposit Scheme.
