Kalanithi Maran Net Worth:- Kalanithi Maran was born in Chennai, India, on July 24, 1965. Kalanithi Maran, the politician’s son, dabbled in his family’s minor publishing venture before founding Sun TV Network in 1993. Sun has grown into a regional television powerhouse, with 33 channels reaching 95 million Indian households. Sun’s influence also extends to the south Indian diaspora, which resides in 27 countries worldwide. Additionally, Maran is interested in FM radio, newspapers, and direct-to-home television.
Former Tamil Nadu Chief Minister M. Karunanidhi’s grandson Kalanithi Maran is the son of former Indian Union Minister Murasoli Maran. His younger brother, Dayanidhi Maran, served as a minister in the previous administration. Kalanithi Maran is the wife of Kavery, a Coorg native, and the mother of a daughter named Kaviya. He attended Don Bosco School in Egmore, Chennai. He earned a bachelor’s degree in commerce from Loyola College in Chennai. He earned a master’s degree in business administration from the University of Scranton.
Maran founded Poomaalai, a monthly magazine in Tamil, in 1990. He started Sun TV on April 14 1993. On April 24 2006, Sun TV was launched on the Bombay Stock Exchange after raising $133 million for 10% of the share capital, catapulting him into the billionaire ranks. He was one of a few delegates to a roundtable discussion with then-US President Bill Clinton.
Kalanithi started Maran Sun TV on April 14, 1993, with an investment of 86 thousand dollars received through a bank loan. The regional broadcaster has increased its riches since its shares have increased by more than a third since July. The Central Bureau of Investigation was reportedly planning to indict him and his politician brother Dayanidhi for their suspected participation in a telecom transaction involving Malaysian billionaire Ananda Krishna.
Kalanithi Maran Net Worth:- $2.7 Billion
By 2010, he had amassed a net worth of US$4 billion and was India’s highest paid businessman. Maran and his wife, Kavery Maran, were ranked second on the list of Indian executive pay charts in fiscal year 2011–2012, earning a package of Template:INRConvert apiece.
Maran, the owner of Sun Group and a former SpiceJet promoter, had previously filed a petition with the Delhi High Court demanding attachment of SpiceJet promoter Ajay Singh’s stake in the airline after the airline failed to deposit Rs2.43 billion in his name. The complaint, which dates all the way back to 2017, concerns a non-issuance of warrants in Maran’s favour following the transfer of ownership to Ajay Singh, the low-cost carrier’s current promoter.
In 2010, Singh sold the airline’s majority interest to Maran for approximately $98 million. Spicejet recorded profits in 2010 and 2011 following a decade of deficits. Spicejet aggressively expanded its fleet and added new routes under Maran’s leadership, luring passengers with deep prices.
SpiceJet stated following the Supreme Court hearing: “SpiceJet has proposed to pay Rs 600 crore in cash to its former proprietor Kalanithi Maran and his firm KAL Airways to resolve all outstanding issues in the share transfer case. SpiceJet has already paid Rs 308 crore in cash and deposited a bank guarantee for Rs 270 crore of the Rs 578 crore ordered in arbitration “‘.
Maran had sought enforcement of the unpaid money, citing SpiceJet’s precarious financial state and a Madras High Court winding-up order against the airline. Maran’s counsels voiced concern that they would be left with a “paper decree” and unpaid debts if SpiceJet went bankrupt due to its massive debt. Maran’s lawyers maintained that SpiceJet intended to raise up to Rs. 2,500 crores through an initial public offering to bolster its working capital, citing reports that the airline posted a consolidated net loss of Rs. 998 crores in FY21, up from Rs 936.57 crores the previous year.