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Kalanithi Maran

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Kalanithi Maran
Born1964[1]
Tamil Nadu, India
Alma materUniversity of Scranton (MBA)
Occupation(s)Chairman & MD, Sun Group
Known forFounder of Sun Group
SpouseKaveri Kalanithi Maran
ChildrenKaviya Kalanithi Maran

Kalanithi Maran (Template:Lang-ta) is an Indian media baron who is the chairman and Managing Director of Sun Group, which is the most profitable television network in Asia.[3][4]

In June 2010, he acquired Spice Jet which was the most profitable[5] airlines in India.[6][7] 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 $86,000 from a bank loan.[8][9]
  • During his visit to Mumbai in 2010, U.S. President Barack Obama praised Kalanithi Maran's spicejet as one of the job creator in USA[10]
  • By 2010, he was the 17th richest Indian with net worth of US$ 4 Billion .[11]
  • He is the highest paid business man in India.[12]
  • He has won Young Businessman awards from CNBC, ERNST & Young.[13]
  • Prestigious USA based 'Forbes magazine named him the "Television king of southern India".[14]
  • He was among the few representatives at a roundtable with the visiting then U.S. President Bill Clinton.[15]
  • Sun TV was listed on the Bombay Stock Exchange on April 24, 2006 upon raising $133 million.[16]
  • Kalanithi Maran and his wife, Kavery Maran were second in the list of Indian executive pay charts with a package of Rs. 57.01 crore each for the fiscal 2011-2012, behind Congress MP Naveen Jindal.[17]

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 Kaviya (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 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.[18] Later in Dec 2008 it was claimed that dispute between Maran and Karunanidhi Families was resolved.[19] However in 2010, a criminal case against Kalanithi Maran[20] was filed by Azhagiri owned Cable TV distributon company Jak communications.[21]

Allegations in Aircel-Maxis Deal

The Central Bureau of Investigation are poised to file a chargesheet against Kalanidh Maran and his brother, Dayanidhi Maran who was former Telecom Minister in Manmohan Singh's ministry, in UPA I, from May 26, 2004 to May 13, 2007. In a status report to the Joint Parliamentary Committee on telecom, CBI said mala fide considerations and an "illegal gratification" of Rs 549 crore were behind the "active intervention" of Dayanidhi and Kalanithi in curbing the business interests of Aircel's former owner C Sivasankaran. Alleging the Marans of arm-twisting former Aircel owner, Sivasankaran into selling Aircel to Maxis, the CBI report states that an illegal gratification of Rs 549,96,01,793 was accepted as quid pro quo through his brother Kalanithi Maran in the garb of share premium invested in Sun Direct, owned by Kalanithi Maran.[22] [23] [24]

References

  1. ^ http://www.ghallabhansali.com/admin/file/Kalanidhi%20Maran.pdf
  2. ^ "Kalanithi Maran". Forbes. Retrieved 2011-12-21.
  3. ^ "From cable TV to aviation biz, Maran's march continues". Financialexpress.com. 2010-07-13. Retrieved 2010-08-08.
  4. ^ "Sun, Zee remain top on profitability charts". Rediff.com. 2004-12-31. Retrieved 2010-08-08.
  5. ^ "Strategic investor crucial for global foray". The Times Of India. 2010-04-06.
  6. ^ "New deal to take SpiceJet higher". Business-standard.com. 2010-06-15. Retrieved 2010-08-08.
  7. ^ "Kalanidhi Maran buys 37.7 p.c. stake in SpiceJet". The Hindu. Chennai, India. 2010-06-13. Retrieved 2010-08-08.
  8. ^ Karmali, Naazneen (2009-11-30). "Strong Signal". Forbes.com. Retrieved 2010-08-08.
  9. ^ "Rediff India Abroad, April 28, 2006 - Kalanithi Maran: A 'Sunshine' story, by Sanjiv Shankaran and S. Bridget Leena in New Delhi". Ia.rediff.com. Retrieved 2012-01-24.
  10. ^ http://www.whitehouse.gov/the-press-office/2010/11/06/remarks-president-meeting-with-ceos-mumbai-india
  11. ^ "#17 Kalanithi Maran". Forbes. 2010-09-29.
  12. ^ "Newsmaker: Kalanithi Maran". Business-standard.com. Retrieved 2010-08-08.
  13. ^ "Welcome To Sun Network". Sunnetwork.org. Retrieved 2010-08-08.
  14. ^ "#20 Kalanithi Mar". Forbes.com. 2009-11-18. Retrieved 2010-08-08.
  15. ^ "Media Personalities - Kalanidhi Maran". Chennai Best. Retrieved 2012-01-24.
  16. ^ Bharatan, Shilpa (2006-03-27). "Variety.com, Monday, April 24, 2006, 6:36pm PT - Sun TV shines on Exchange". Variety.com. Retrieved 2012-01-24.
  17. ^ "Naveen Jindal tops executive pay chart with Rs 73.4 crore package". The Economic Times.
  18. ^ "Warring sons shadow DMK's sun". CNN-IBN. 2011-05-10. Retrieved 2011-12-21.
  19. ^ [1][dead link‍]
  20. ^ http://www.business-stand.com/india/news/sc-stays-criminal-proceedings-against-kalanithi-maran/107862/on
  21. ^ "Chennai gets another Multi System Operator ,Jak Communication co promoted by Dhyaanithi Alagiri son of M KAlagiri ,Union Minister for Chemicals and fertilizers has launched a Multi System Operator[MSO] in Chennai here on Tuesday". Live Chennai. Retrieved 2011-12-21.
  22. ^ "Hello? Who will bell this cat". Tehelka. 2011-06-04.
  23. ^ "Marans got Rs 550cr bribe in Aircel-Maxis deal: CBI". The Times Of India. 2012-07-27.
  24. ^ "Probe over, CBI soon to file chargesheet against Marans". The Pioneer. 2012-09-11.

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