UTI’s Fake 50 Year Celebration

........A coffee table book of UTI’s history was released that day in the presence of almost all but two of its most controversial ex-chairmen in nearly four decades. One was the late MJ Pherwani (who grew UTI into a mammoth fixed-returns giving trust and development finance institution rolled in one, but set it up for a future fall) and the other was the late PS Subramanyam, who presided over its collapse, after it had already been seriously weakened.  Did the coffee table book document its ignominious fall and split? How did UTIMF justify its claim of 50 years of glorious existence?.......

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