He served as the chairman of the State Trading Corporation and Punjab National Bank and is credited with earning distinction as a CEO who for his systems, efficiency and honesty in running PSU's.
[citation needed] Prakash Tandon is son of a civil engineer and born in a canal colony in the Punjab.
Following schooling in Gujrat (Punjab) and Lahore Government College, Tandon sailed for Britain in 1929, aged eighteen years old.
Tandon enrolled at Manchester University with the view to become a Chartered Accountant(CA), of which there were very few qualified Indians at the time.
He got involved in the University debating team, and following his degree at Manchester stayed in London to pursue some economics research and his accountancy qualifications.