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Kalanithi Maran

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Kalanithi Maran
Born1964


Kalanidhi Maran (Template:Lang-ta), born 1964, is the Chairman and Managing Director of Sun Network, which is the most profitable Television network in Asia.[1][2]. In June 2010, He acquired Spice Jet which is the most profitable [3] airlines in India[4][5]. His television channels and newspapers are primarliy concentrated in South India and FM radio stations, DTH service, Airlines are spread across the country.

Early life

  • Schooling at Don Bosco, Egmore, Chennai.
  • In Loyola College, Chennai he became student’s union chairman and led an agitation on the Sri Lankan Tamils issue [2].
  • Received MBA from the University of Scranton.
  • Worked for Kungumam Tamil Magazine owned by his family in the late 1980s.
  • In 1990 ,He Started a monthly video (VHS) news magazine in Tamil called Poomaalai, circulated in India and abroad.
  • He Founded SunTV on April 14, 1993 with an investment of 86000 US$ from Bank loan.[6][7]

Notable Achievements

  • He is the 17th richest Indian with net worth of 4 Billion US$ (Rs 18000 Crores) .[8]
  • He is the highest paid business man in India.[9]
  • He has won Young Businessman awards from CNBC, ERNST & Young.[10]
  • Prestigious USA based Forbes magazine named him as "Television king of southern India".[11]
  • He was also among the few representatives at a roundtable with visiting U.S. President Bill Clinton.[12]

Business entities

Family

He is the son of Former Union Minister of commerce Murasoli Maran, grandnephew of Tamil Nadu Chief Minister M Karunanidhi, and the brother of India's textile minister Dayanidhi Maran. He married Kaveri a Kannadiga in 1991 and has a daughter named Kavya (Born 1992)[3]. 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 includes 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 [14].Later in Dec 2008 it was claimed that dispute between Maran and Karunanidhi Families was resolved.[15] However in 2010, a criminal case against Kalanithi Maran [16] was filed by Azhagiri owned Cable TV distrubiton company Jak communications.[17]

References

  1. ^ "From cable TV to aviation biz, Maran's march continues". Financialexpress.com. 2010-07-13. Retrieved 2010-08-08.
  2. ^ "Sun, Zee remain top on profitability charts". Rediff.com. 2004-12-31. Retrieved 2010-08-08.
  3. ^ http://economictimes.indiatimes.com/articleshow/5765676.cms
  4. ^ "New deal to take SpiceJet higher". Business-standard.com. 2010-06-15. Retrieved 2010-08-08.
  5. ^ "Kalanidhi Maran buys 37.7 p.c. stake in SpiceJet". The Hindu. 2010-06-13. Retrieved 2010-08-08.
  6. ^ "Strong Signal". Forbes.com. 2009-11-30. Retrieved 2010-08-08.
  7. ^ Rediff India Abroad, April 28, 2006 - Kalanithi Maran: A 'Sunshine' story, by Sanjiv Shankaran and S. Bridget Leena in New Delhi
  8. ^ [1]
  9. ^ "Newsmaker: Kalanithi Maran". Business-standard.com. Retrieved 2010-08-08.
  10. ^ "Welcome To Sun Network". Sunnetwork.org. Retrieved 2010-08-08.
  11. ^ "#20 Kalanithi Maran". Forbes.com. Retrieved 2010-08-08.
  12. ^ Chennai Best - Media Personalities - Kalanidhi Maran
  13. ^ Variety.com, Monday, April 24, 2006, 6:36pm PT - Sun TV shines on Exchange
  14. ^ http://ibnlive.in.com/news/warring-sons-cast-cloud-over-dmks-rising-sun/40112-4-single.html
  15. ^ http://www.hinduonnet.com/2008/12/02/stories/2008120257690100.htm
  16. ^ http://www.business-standard.com/india/news/sc-stays-criminal-proceedings-against-kalanithi-maran/107862/on
  17. ^ http://www.livechennai.com/detailnews.asp?newsid=1206