Kalanithi Maran Explained

Kalanithi Maran
Birth Date:1964 7, df=y
Birth Place:Chennai, Tamil Nadu, India[1]
Occupation:Businessman
Known For:Founder & Chairman of the Sun Group
Spouse:Kavery Maran
Children:Kavya Maran
Father:Murasoli Maran
Relatives:Dayanidhi Maran (brother)
Alma Mater:Loyola College, Chennai
University of Scranton

Kalanithi Maran (born 24 July 1964) is an Indian media proprietor. He is the chairman and founder of Sun Group, one of India's largest media conglomerates.[2] [3] [4] He owns multiple television channels, newspapers, weeklies, FM radio stations, DTH services, a movie production house (Sun Pictures) and 2 cricket teams (Sunrisers Hyderabad in the Indian Premier League and Sunrisers Eastern Cape in South Africa T20 League).[5] He also held a major share in the Indian airline SpiceJet from 2010 to 2015.[6] [7]

Career

In 1990, Maran started a monthly magazine in Tamil called Poomaalai. On 14 April 1993, he founded Sun TV.[8] [9] Sun TV was listed on the Bombay Stock Exchange on 24 April 2006 upon raising $133 million for 10% of the share capital, catapulting him into the billionaire charts.[10] [11] He was among the few representatives at a roundtable with the visiting then US President Bill Clinton.[12] He has won Young Businessman awards from CNBC and Ernst & Young,[13] and Forbes magazine named him the "Television king of southern India".[14]

Under his leadership, channels owned by the Sun TV Network became some of the most popular and successful channels in South India. Sun TV was also the first channel in the country to set up its own earth station.

In June 2010, he acquired a 37% stake in SpiceJet from billionaire investor Wilbur Ross and promoter Bhupendra Kansagra, in his individual capacity and through his aviation company KAL Airways. He also put up an open offer for 20%, which increased his stake to more than 50%.[15] [16]

Maran and his wife Kavery were ranked the highest paid business executives in the list of Indian executive pay charts with a package of each in 2014.[17]

On 24 February 2015, he sold his stake in SpiceJet to Ajay Singh, the co-founder of the airline, as a part of an reconstruction and revival scheme since the airline was facing huge losses.[18] [19]

In 2023, he was the 77th richest Indian, with a net worth of US$3 billion. The same year, his production house Sun Pictures produced the Tamil movie "Jailer" starring south Indian star Rajnikanth, which went on to be one of the best performing films of 2023.[20]

Personal life

Kalanithi was born to former Union Minister Murasoli Maran in Chennai, Tamil Nadu, on 24 July 1964. He is also the grand-nephew of former Tamil Nadu chief minister M. Karunanidhi. He has a younger brother, Dayanidhi Maran was also a union minister. Kalanithi Maran married Kavery, a native of Kodagu. They have a daughter named Kaviya Kalanithi Maran, who is now the CEO of both his cricket franchises, Sunrisers Hyderabad in the Indian Premier League and Sunrisers Eastern Cape in South Africa T20 League.[21] [22]

He did his schooling in Don Bosco, Chennai. He graduated in commerce from Loyola College, Chennai. He did his MBA from University of Scranton.[23] As of 2023, his net worth is US$3 billion.[24]

External links

Notes and References

  1. Web site: Kalanithi Maran: Movies, Photos, Videos, News, Biography & Birthday Times of India . https://web.archive.org/web/20231210132707/https://timesofindia.indiatimes.com/topic/Kalanithi-Maran . 2023-12-10 . 2024-05-28 . . en.
  2. Web site: From cable TV to aviation biz, Maran's march continues . The Financial Express . 13 July 2010 . 8 August 2010 . 9 September 2010 . https://web.archive.org/web/20100909031352/http://www.financialexpress.com/news/from-cable-tv-to-aviation-biz-marans-march-continues/645471/2 . live .
  3. Web site: Sun, Zee remain top on profitability charts . Rediff.com . 31 December 2004 . 8 August 2010 . 15 November 2010 . https://web.archive.org/web/20101115115947/http://www.rediff.com/money/2009/apr/24sun-zee-tv-top-profitability-chart.htm . live .
  4. Web site: The List of Great Entrepreneurs of India in 2015 . MyBTechLife . Srikar Muthyala . 29 September 2015 . https://web.archive.org/web/20160114000446/http://mybtechlife.com/the-list-of-great-entrepreneurs-in-india-2015/ . 14 January 2016 .
  5. Web site: Mishra . Aditya . 2021-04-06 . IPL Team Owners. List Of All IPL 2021 Team Owners . live . https://web.archive.org/web/20210529194940/https://www.kreedon.com/ipl-team-owners-2021/ . 29 May 2021 . 2021-06-29 . Voice of Indian Sports - KreedOn . en-GB.
  6. News: Strategic investor crucial for global foray . The Times of India . 6 April 2010 . 13 September 2010 . 3 June 2016 . https://web.archive.org/web/20160603095228/http://economictimes.indiatimes.com/articleshow/5765676.cms . live .
  7. News: 2010-06-13 . Kalanidhi Maran buys 37.7 p.c. stake in SpiceJet . dead . https://web.archive.org/web/20100824055836/http://www.thehindu.com/business/companies/article454226.ece . 2010-08-24 . 2010-08-08 . . Chennai, India.
  8. News: Strong Signal . Forbes . 30 November 2009 . 8 August 2010 . Naazneen . Karmali . 29 August 2011 . https://web.archive.org/web/20110829105224/http://www.forbes.com/global/2009/1130/india-richest-09-maran-sun-television-strong-signal.html . live .
  9. Web site: Rediff India Abroad, April 28, 2006 – Kalanithi Maran: A 'Sunshine' story, by Sanjiv Shankaran and S. Bridget Leena in New Delhi . Rediff.com . 24 January 2012 . 21 May 2011 . https://web.archive.org/web/20110521083603/http://ia.rediff.com/money/2006/apr/28spec.htm . live .
  10. Web site: Kalanithi Maran emerges a billionaire after maiden IPO . 9 November 2014 . 9 November 2014 . https://web.archive.org/web/20141109144030/http://www.plethico.com/addons%5Cmedia%5CArchive%5C42%20Join%20Billionaire%20Club%20post%20IPO.PDF . live .
  11. News: Iyer . Shilpa Bharatan . 2006-04-25 . Sun TV shines on Exchange . dead . https://web.archive.org/web/20240528025959/https://variety.com/2006/tv/news/sun-tv-shines-on-exchange-1200335118/ . 2024-05-28 . 2024-05-28 . . en-US.
  12. Web site: Media Personalities – Kalanidhi Maran . Chennai Best . 24 January 2012 . https://web.archive.org/web/20120212201913/http://www.chennaibest.com/discoverchennai/personalities/media3.asp . 12 February 2012 .
  13. Web site: Welcome To Sun Network . live . https://web.archive.org/web/20100901050429/http://www.sunnetwork.org/aboutus/default.htm . 1 September 2010 . 8 August 2010 . Sunnetwork.org.
  14. News: 18 November 2009 . #20 Kalanithi Mar . live . https://web.archive.org/web/20100808060826/http://www.forbes.com/lists/2009/77/india-billionaires-09_Kalanithi-Maran_DWSG.html . 8 August 2010 . 8 August 2010 . Forbes.
  15. Web site: 2010-06-15 . New deal to take SpiceJet higher . dead . https://web.archive.org/web/20110607102049/http://www.business-standard.com/india/news/new-deal-to-take-spicejet-higher/398222/ . 2011-06-07 . 2010-08-08 . Business Standard.
  16. Web site: 2014-05-17 . Shareholding Pattern for March 31, 2014 . live . https://web.archive.org/web/20240528055743/https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2014/4/Spicejet_Ltd_SHP_M14.pdf . 2024-05-28 . 2024-05-28 . Bombay Stock Exchange.
  17. Web site: Newsmaker: Kalanithi Maran . dead . https://web.archive.org/web/20141219032851/http://www.business-standard.com/article/companies/newsmaker-kalanithi-maran-114121801289_1.html . 2014-12-19 . 2024-05-28 . . Chennai . Media tycoon Kalanithi Maran, who has for years made news for paying himself and his wife the highest salaries in India, is now facing turbulent times.
  18. News: Mishra . Lalatendu . 2015-01-15 . SpiceJet stock price up as ownership changes . https://web.archive.org/web/20221019202250/https://www.thehindu.com/business/Industry/Kalanithi-Maran-transfers-SpiceJet-ownership-to-founder/article60514995.ece . 2022-10-19 . 2024-05-28 . . en-IN . 0971-751X.
  19. Web site: How Kalanithi Maran Lost SpiceJet . live . https://web.archive.org/web/20150118233326/http://forbesindia.com/article/boardroom/how-kalanithi-maran-lost-spicejet/39401/1 . 2015-01-18 . 2024-05-28 . . en-IN.
  20. Web site: Kalanithi Maran . live . https://web.archive.org/web/20240228093112/https://www.forbes.com/profile/kalanithi-maran/ . 2024-02-28 . 2024-05-28 . . en.
  21. Web site: 2023-04-20 . Meet Kalanithi Maran, Kavya Maran's dad whose family salary was Rs 1500 crore, net worth is... . live . https://web.archive.org/web/20230420120415/https://www.dnaindia.com/business/report-meet-kalanithi-maran-kavya-maran-s-dad-media-baron-whose-family-salary-was-rs-4768-lakh-per-day-3037541 . 2023-04-20 . 2024-05-28 . DNA India . en.
  22. Web site: MEDIA MARAN. Tehelka. 22 July 2013. 9 June 2007. https://web.archive.org/web/20131219044800/http://archive.tehelka.com/story_main31.asp?filename=Ne090607Upclose.asp. 19 December 2013.
  23. Web site: The story of Marans: Sun King and his brother . . 30 August 2014 . 28 January 2018 . 28 January 2018 . https://web.archive.org/web/20180128190529/http://www.business-standard.com/article/companies/the-sun-king-and-his-brother-114082900874_1.html . live .
  24. Kalanithi Maran . . 30 August 2014 . 28 January 2018 . 23 October 2018 . https://web.archive.org/web/20181023142314/https://www.forbes.com/profile/kalanithi-maran/ . live .

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