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Nagarathar businesspeople
are generally Hindus,
predominantly originating in
the Chettinad region of
Tamil Nadu. They have been
trading with Southeast Asia
since the heyday of the
Chola empire, but in the
19th Century they migrated
to countries throughout
SoutheastAsia.
Nagarathars, also known as Nattukkottai Chettiars, were an important trading class of 19th and 20th century South East Asia and spread to Sri Lanka, Myanmar, Malayasia, Singapore, Java, Sumatra, and Ho Chi Minh City. Changing political and economic situations since that time have caused many of these communities to disappear as their members returned to India or sought other, more hospitable homes.
Chettiars were traditionally involved in occupations like moneylending and wholesale trading. Banks established by Chettiars include the now defunct Bank of Chettinad, and the operational Bank of Madurai, Indian Overseas Bank founded by Shri. M. Ct. M. Chidambaram Chettiar, and Indian Bank founded by Raja Annamalai Chettiar. Nagarathars are known for their philanthropy; building temples, and schools and maintaining them throughout Asia.
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