Jump to content

Kalanithi Maran: Difference between revisions

From Wikipedia, the free encyclopedia
Browse history interactively
← Previous editNext edit →
Content deleted Content added
VisualWikitext
No edit summary
mNo edit summary
Line 17: Line 17:
'''Kalanithi Maran''' ({{lang-ta|கலாநிதி மாறன்}}) is the Chairman and Managing Director of [[Sun Network]], which is the most profitable Television network in Asia.<ref>{{cite web|url=http://www.financialexpress.com/news/from-cable-tv-to-aviation-biz-marans-march-continues/645471/2 |title=From cable TV to aviation biz, Maran’s march continues |publisher=Financialexpress.com |date=2010-07-13 |accessdate=2010-08-08}}</ref><ref>{{cite web|url=http://www.rediff.com/money/2009/apr/24sun-zee-tv-top-profitability-chart.htm |title=Sun, Zee remain top on profitability charts |publisher=Rediff.com |date=2004-12-31 |accessdate=2010-08-08}}</ref>
'''Kalanithi Maran''' ({{lang-ta|கலாநிதி மாறன்}}) is the Chairman and Managing Director of [[Sun Network]], which is the most profitable Television network in Asia.<ref>{{cite web|url=http://www.financialexpress.com/news/from-cable-tv-to-aviation-biz-marans-march-continues/645471/2 |title=From cable TV to aviation biz, Maran’s march continues |publisher=Financialexpress.com |date=2010-07-13 |accessdate=2010-08-08}}</ref><ref>{{cite web|url=http://www.rediff.com/money/2009/apr/24sun-zee-tv-top-profitability-chart.htm |title=Sun, Zee remain top on profitability charts |publisher=Rediff.com |date=2004-12-31 |accessdate=2010-08-08}}</ref>


In June 2010, he acquired [[Spice Jet]] which is the most profitable <ref>{{cite news| url=http://economictimes.indiatimes.com/articleshow/5765676.cms | work=The Times Of India}}</ref> airlines in India.<ref>{{cite web|url=http://www.business-standard.com/india/news/new-deal-to-take-spicejet-higher/398222/ |title=New deal to take SpiceJet higher |publisher=Business-standard.com |date=2010-06-15 |accessdate=2010-08-08}}</ref><ref name=hindu>{{cite news |first= |last= |title=Kalanidhi Maran buys 37.7 p.c. stake in SpiceJet |url=http://www.thehindu.com/business/companies/article454226.ece|work=[[The Hindu]] |publisher= |date=2010-06-13 |accessdate=2010-08-08}}</ref> While his television channels and newspapers are primarliy concentrated in [[South India]], his FM radio stations, DTH service and Airlines are spread across the country.
In June 2010, he acquired [[Spice Jet]] which was the most profitable <ref>{{cite news| url=http://economictimes.indiatimes.com/articleshow/5765676.cms | work=The Times Of India}}</ref> airlines in India.<ref>{{cite web|url=http://www.business-standard.com/india/news/new-deal-to-take-spicejet-higher/398222/ |title=New deal to take SpiceJet higher |publisher=Business-standard.com |date=2010-06-15 |accessdate=2010-08-08}}</ref><ref name=hindu>{{cite news |first= |last= |title=Kalanidhi Maran buys 37.7 p.c. stake in SpiceJet |url=http://www.thehindu.com/business/companies/article454226.ece|work=[[The Hindu]] |publisher= |date=2010-06-13 |accessdate=2010-08-08}}</ref> While his television channels and newspapers are primarliy concentrated in [[South India]], his FM radio stations, DTH service and Airlines are spread across the country.


== Early life ==
== Early life ==

Revision as of 16:23, 11 September 2011

Kalanithi Maran
Born1964[1]
Tamilnadu
India
OccupationEntrepreneur
Known forFounder of Sun Network
SpouseKaveri
ChildrenKavya

Kalanithi Maran (Template:Lang-ta) is the Chairman and Managing Director of Sun Network, which is the most profitable Television network in Asia.[2][3]

In June 2010, he acquired Spice Jet which was the most profitable [4] airlines in India.[5][6] While his television channels and newspapers are primarliy concentrated in South India, his FM radio stations, DTH service and Airlines are spread across the country.

Early life

Business expansion

  • In 1990 he started a monthly video (VHS) news magazine in Tamil called Poomaalai which was stopped in 1992 due to piracy.
  • He founded Sun TV on April 14, 1993 with an investment of US $86,000 from a bank loan.[7][8]
  • His net worth reached $10 million by 1995.
  • His net worth reached $100 million by 2000.
  • His net worth reached $1 billion by 2005.
  • By 2010, he was the 17th richest Indian with net worth of US$ 4 Billion .[9]
  • He is the highest paid business man in India.[10]
  • He has won Young Businessman awards from CNBC, ERNST & Young.[11]
  • Prestigious USA based Forbes magazine named him the "Television king of southern India".[12]
  • He was among the few representatives at a roundtable with the visiting then U.S. President Bill Clinton.[13]
  • Sun TV was listed on the Bombay Stock Exchange on April 24, 2006 upon raising $133 million.[14]

Business entities

Family

He is the son of the Former Union Minister of commerce Murasoli Maran and the brother of India's former textile minister Dayanidhi Maran. His father's mother is the sister of former Tamil Nadu Chief Minister M Karunanidhi.He married Kaveri a native of coorg(karnataka) in 1991 and has a daughter named Kavya (Born 1992)[2]. His wife is the Joint Managing Director of Sun network. He proved to be successful in spite of his father's political rivals ruling the state for most of the period since he entered the media business. He also emerged as No. 1 in neighboring states where his competitors include politicians and business men from those states.

Dispute with Karunanidhi's family

In May 2007 followers of Karunanidhi's son M K Azhagiri attacked Maran's newspaper office after a survey in the newspaper claimed people prefer M K Stalin over Azhagiri.[15] Later in Dec 2008 it was claimed that dispute between Maran and Karunanidhi Families was resolved.[16] However in 2010, a criminal case against Kalanithi Maran [17] was filed by Azhagiri owned Cable TV distrubiton company Jak communications.[18]

References

  1. ^ http://www.ghallabhansali.com/admin/file/Kalanidhi%20Maran.pdf
  2. ^ "From cable TV to aviation biz, Maran's march continues". Financialexpress.com. 2010-07-13. Retrieved 2010-08-08.
  3. ^ "Sun, Zee remain top on profitability charts". Rediff.com. 2004-12-31. Retrieved 2010-08-08.
  4. ^ The Times Of India http://economictimes.indiatimes.com/articleshow/5765676.cms. {{cite news}}: Missing or empty |title= (help)
  5. ^ "New deal to take SpiceJet higher". Business-standard.com. 2010-06-15. Retrieved 2010-08-08.
  6. ^ "Kalanidhi Maran buys 37.7 p.c. stake in SpiceJet". The Hindu. 2010-06-13. Retrieved 2010-08-08.
  7. ^ Karmali, Naazneen (2009-11-30). "Strong Signal". Forbes.com. Retrieved 2010-08-08.
  8. ^ Rediff India Abroad, April 28, 2006 - Kalanithi Maran: A 'Sunshine' story, by Sanjiv Shankaran and S. Bridget Leena in New Delhi
  9. ^ "#17 Kalanithi Maran". Forbes. 2010-09-29.
  10. ^ "Newsmaker: Kalanithi Maran". Business-standard.com. Retrieved 2010-08-08.
  11. ^ "Welcome To Sun Network". Sunnetwork.org. Retrieved 2010-08-08.
  12. ^ "#20 Kalanithi Mar". Forbes.com. 2009-11-18. Retrieved 2010-08-08.
  13. ^ Chennai Best - Media Personalities - Kalanidhi Maran
  14. ^ Variety.com, Monday, April 24, 2006, 6:36pm PT - Sun TV shines on Exchange
  15. ^ http://ibnlive.in.com/news/warring-sons-cast-cloud-over-dmks-rising-sun/40112-4-single.html
  16. ^ http://www.hinduonnet.com/2008/12/02/stories/2008120257690100.htm
  17. ^ http://www.business-stand.com/india/news/sc-stays-criminal-proceedings-against-kalanithi-maran/107862/on
  18. ^ http://www.livechennai.com/detailnews.asp?newsid=1206
Retrieved from "https://en.wikipedia.org/enwiki/w/index.php?title=Kalanithi_Maran&oldid=449844063"