Few persons can match Kalanithi Maran’s level of impressiveness. This man is already well-known if you have ever seen Sun TV, a well-liked regional South Indian television network. The founder and chairman of the Sun Group is a rich Indian media entrepreneur. Everything there is to know about Kalanithi Maran net worth will be covered in this article.
Kalanithi Maran Net Worth
Kalanithi Maran was nicknamed the “Television King of Southern India” by Forbes magazine. He owns FM radio stations, TV channels, newspapers, weeklies, DTH services, and a production company for motion pictures. From 2010 until 2015, he also owned a sizable portion of the Indian airline Spice Jet. Maran’s net worth is a result of all of these things and more.
Forbes estimates Kalanithi Maran net worth to be USD 2.3 billion (around INR 1,903 crore). He is the 77th richest individual in India and now holds the 1337th spot in the business world. Due to his enormous net worth of about USD 2 billion (INR 1,910 crore), Kalanithi Maran also topped the IIFL Wealth Hurun India Rich List 2019 for the state of Tamil Nadu.
What Is Included In The Sun Group?
The 33-channel Sun TV Network is a part of the Sun Group conglomerate. They are present in roughly 54 million residences. In addition, 48 FM radio stations, including Red FM and Suryan FM, are owned by the firm. In addition, they own Sun Direct, a direct-to-home service provider, and they operate a few print periodicals.
According to the corporation, 10 million people subscribe to Sun Direct. Additionally, they are the owners of Sumangali Cable Vision (SCV), a cable distribution company. This group also includes the SunRisers Hyderabad (SRH) Indian Premier League (IPL) franchise. Consolidated sales for the group in FY15 were around USD 483 million (INR 4,000 crore).
The Entrepreneur’s Affiliation With SpiceJet
The media tycoon from Chennai joined the aviation industry in 2010 when he bought SpiceJet, the country’s second-biggest low-cost airline. He invested more than USD 120 million (INR 1,000 crore) in the business venture, however, he pulled out of it in January 2015 when the airline was poised to go out of business due to financial difficulties.
Nevertheless, his assets were unaffected by the enormous fall. However, SpiceJet has recently moved to Delhi High Court seeking damages from Kalanithi Maran for alleged breach of contract in failing to settle a ₹100 crore loan, resulting in losses:
#SpiceJet moves Delhi HC, seeking damages from Kalanithi Maran for alleged breach of contract in failing to settle a ₹100 crore loan, resulting in losses
(Krishna Yadav reports)https://t.co/qMWPFxU8tY
— Mint (@livemint) November 18, 2023
Growth In Spite Of Disagreements
Kalanithi Maran net worth has remained relatively constant in spite of the Sun Group’s multifront wars. The Central Bureau of Investigation (CBI) implicated Maran in a money-laundering case against his younger brother Dayanidhi Maran in 2011.
The CBI accused Dayanidhi of pressuring C Sivasankaran, the owner of the telecom company Aircel, to sell his business to Maxis Communications Berhad, a company based in Malaysia, which subsequently made an investment in the Sun Group.
In addition, Sun TV was charged with establishing an unauthorized phone exchange with a minimum of 323 high-speed lines in order to utilize the space for data transmission, streaming videos, and transmitting television.
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The Ministry of Home Affairs even made the decision to revoke Sun TV’s security clearance in 2015. In spite of this, Sun TV Network Ltd reported 2014–15 revenues of around USD 271 million (INR 2,244 crore) and a net profit of approximately USD 89 million (INR 737 crore).
Details Regarding SunRisers Hyderabad
Deccan Chronicle filed for bankruptcy after the IPL team. Kalanithi Maran Net Worth: How He Built His Fortune Over The Years?As they say, the rest is history. Sun TV Network placed the highest bid, approximately USD 1.02 million (INR 85.05 crore) each year for a five-year contract.
கலாநிதிமாறன் குடும்பம் மிகவும் ஏழை.
In 2018, kalanithi maran family purchased the Indian Premier League Team- ‘Sunrisers Hyderabad.’ pic.twitter.com/iz65mXqnuh
— செந்தில்குமார் (@nesenthilkumar) February 19, 2021
In the business and media sectors, Kalanithi Maran net worth is considered evidence of his astute investing and entrepreneurial spirit. His transformation from media tycoon to billionaire remains an inspiration to many. Visit Digi Hind News to discover more about this and other intriguing news.