Kalanithi Maran

Kalanidhi Maran
Born 24 July 1965
Chennai, Tamil Nadu, India
Alma mater Loyola College, University of Scranton
Occupation Media baron
Known for Founder of the Sun Group
Net worth $ 5.2 billion (2017)[1]
Spouse(s) Kavery Maran
Children Kaviya

Kalanithi Maran (born 1965) is an Indian media baron who is the chairman and founder of the Sun Group.[2][3][4] He owns television channels, newspapers, weeklies, FM Radio stations, DTH services and a movie production house. He also held a major share in the Indian airline Spice Jet from 2010 to 2015.[5][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[10] for 10% of the share capital, catapulting him into the billionaire charts.[11] He was among the few representatives at a roundtable with the visiting then US President Bill Clinton.[12]

By 2010, he was the 17th richest Indian, with a net worth of US$4 Billion,[13] and was the highest paid businessman in India.[14] Maran and his wife, Kavery Maran were ranked second on the list of Indian executive pay charts with a package of ₹62 crore (US$8.6 million) each for the fiscal year 2011–2012, behind Congress MP Naveen Jindal.[15]

He has won Young Businessman awards from CNBC and Ernst & Young,[16] and Forbes magazine named him the "Television king of southern India".[17]

Personal life

Kalanithi Maran is the son of the former Union Minister of India Murasoli Maran and grand nephew of former Tamil Nadu chief minister M. Karunanidhi. His younger brother Dayanidhi Maran was also a former minister. Kalanidhi Maran married Kavery, a native of Coorg and has a daughter named Kaviya.[18]. He had his schooling with Don Bosco, Egmore, Chennai. He graduated in Commerce from Loyola College in Chennai.He did his MBA from University of Scranton.[19]

References

  1. ↑ "Kalanithi Maran". Forbes. Retrieved 21 December 2011.
  2. ↑ "From cable TV to aviation biz, Maran's march continues". The Financial Express. 13 July 2010. Retrieved 8 August 2010.
  3. ↑ "Sun, Zee remain top on profitability charts". Rediff.com. 31 December 2004. Retrieved 8 August 2010.
  4. ↑ Srikar Muthyala (29 September 2015). "The List of Great Entrepreneurs of India in 2015". MyBTechLife. Archived from the original on 14 January 2016.
  5. ↑ "Strategic investor crucial for global foray". The Times of India. 6 April 2010.
  6. ↑ "New deal to take SpiceJet higher". Business Standard. 15 June 2010. Retrieved 8 August 2010.
  7. ↑ "Kalanidhi Maran buys 37.7 p.c. stake in SpiceJet". The Hindu. Chennai, India. 13 June 2010. Retrieved 8 August 2010.
  8. ↑ Karmali, Naazneen (30 November 2009). "Strong Signal". Forbes. Retrieved 8 August 2010.
  9. ↑ "Rediff India Abroad, April 28, 2006 – Kalanithi Maran: A 'Sunshine' story, by Sanjiv Shankaran and S. Bridget Leena in New Delhi". Rediff.com. Retrieved 24 January 2012.
  10. ↑ Bharatan, Shilpa (27 March 2006). "Variety.com, Monday, April 24, 2006, 6:36pm PT – Sun TV shines on Exchange". Variety. Retrieved 24 January 2012.
  11. ↑ Kalanithi Maran emerges a billionaire after maiden IPO
  12. ↑ "Media Personalities – Kalanidhi Maran". Chennai Best. Archived from the original on 12 February 2012. Retrieved 24 January 2012.
  13. ↑ "#17 Kalanithi Maran". Forbes. 29 September 2010.
  14. ↑ "Newsmaker: Kalanithi Maran". Business Standard. Retrieved 8 August 2010.
  15. ↑ "Naveen Jindal tops executive pay chart with Rs 73.4 crore package". The Economic Times.
  16. ↑ "Welcome To Sun Network". Sunnetwork.org. Retrieved 8 August 2010.
  17. ↑ "#20 Kalanithi Mar". Forbes. 18 November 2009. Retrieved 8 August 2010.
  18. ↑ "MEDIA MARAN". Tehelka. 9 June 2007. Archived from the original on 19 December 2013. Retrieved 22 July 2013.
  19. ↑ "The story of Marans: Sun King and his brother". Business Standard. 30 August 2014. Retrieved 28 January 2018.
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