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Kalanithi Maran

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Indian media proprietor (born 1964)

Kalanithi Maran
Born (1964-07-24) 24 July 1964 (age 60)
Chennai, Tamil Nadu, India
Alma materLoyola College, Chennai
University of Scranton
OccupationMedia proprietor
Known forFounder & Chairman of the Sun Group
SpouseKavery Maran
ChildrenKavya Maran
FatherMurasoli Maran
RelativesDayanidhi Maran (brother)

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. 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). He also held a major share in the Indian airline SpiceJet from 2010 to 2015.

Career

In 1990, Maran started a monthly magazine in Tamil called Poomaalai. On 14 April 1993, he founded Sun TV. 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. He was among the few representatives at a roundtable with the visiting then US President Bill Clinton.

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

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%.

Maran and his wife Kavery were ranked the highest paid business executives in the list of Indian executive pay charts with a package of ₹62 crore (US$7.4 million) each in 2014.

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.

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.

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.

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

References

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  8. Karmali, Naazneen (30 November 2009). "Strong Signal". Forbes. Archived from the original on 29 August 2011. Retrieved 8 August 2010.
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  10. "Kalanithi Maran emerges a billionaire after maiden IPO" (PDF). Archived (PDF) from the original on 9 November 2014. Retrieved 9 November 2014.
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  15. "New deal to take SpiceJet higher". Business Standard. 15 June 2010. Archived from the original on 7 June 2011. Retrieved 8 August 2010.
  16. "Shareholding Pattern for March 31, 2014" (PDF). Bombay Stock Exchange. 17 May 2014. Archived (PDF) from the original on 28 May 2024. Retrieved 28 May 2024.
  17. "Newsmaker: Kalanithi Maran". Business Standard. Chennai. Archived from the original on 19 December 2014. Retrieved 28 May 2024. 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. Mishra, Lalatendu (15 January 2015). "SpiceJet stock price up as ownership changes". The Hindu. ISSN 0971-751X. Archived from the original on 19 October 2022. Retrieved 28 May 2024.
  19. "How Kalanithi Maran Lost SpiceJet". Forbes India. Archived from the original on 18 January 2015. Retrieved 28 May 2024.
  20. "Kalanithi Maran". Forbes. Archived from the original on 28 February 2024. Retrieved 28 May 2024.
  21. "Meet Kalanithi Maran, Kavya Maran's dad whose family salary was Rs 1500 crore, net worth is..." DNA India. 20 April 2023. Archived from the original on 20 April 2023. Retrieved 28 May 2024.
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  24. "Kalanithi Maran". Forbes. 30 August 2014. Archived from the original on 23 October 2018. Retrieved 28 January 2018.

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