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Sambhar Mafia - Cooked To Kill!

Sunday, November 19, 2006

Cable TV Gains

As expected, Kalanithi Maran makes an entry into the Forbes Richest Indians list after the wealth unlocked after the Sun TV IPO. He is at No. 20 in the current list and is second richest Tam in the list after Shiv Nadar of HCL (No. 14). Here is what Forbes had to say about Kalanithi Maran:

Politician's son dabbled in family's modest publishing business before launching Sun TV when India's satellite television market opened up in the 1990s. Sun now owns 14 channels, 4 radio stations, newspapers and magazines. Group's April listing made Maran, who owns 90%, a billionaire. Brother Dayanidhi minister for communications and IT.

With so much wealth behind him, it is no surprise that Maran hits the news when he purchases properties in the upmarket Boat Club locality and drives around the city in his BMW.

The other media barons in the list are Bennett, Coleman & Co.'s Indu Jain at No. 15 and Essel Group's Subhash Chandra at No. 23.

8 Comments:

  • where did the tatas go ?

    By Anonymous iwonderwhy, at 4:09 PM  

  • The Tata group is owned by their trust / Tata Sons and not by any individual. Hence they don't figure in the list.

    By Blogger Kaps, at 5:14 PM  

  • Seems to be the youngest in the lot .....

    Anyhow, IPO proved to be a tool for converting atleast some part of the 'Black' to 'white'....

    By Blogger Ram.C, at 5:43 PM  

  • well this really make our TN politics so uneven. now money power of one side is frankly too overwhelming

    By Blogger Eshwar S, at 3:12 AM  

  • Intrestingly, he was the only top 40 richest indian to live in Chennai.

    Shiv Nadar lives in NCR ?

    By Blogger Cogito, at 10:31 AM  

  • @Ram,
    you may be right.

    @Eshwar,
    $2 Billion is a whopping sum. part of this is due to his hardwork.

    @Cogito,
    Shiv Nadar has been a NCR resident for a long while. Kalanithi Maran is the only person from Chennai on the Forbes 40 list.

    By Blogger Kaps, at 11:12 AM  

  • Don't understand the strategy why they want to make Sun TV a paid channel. (it would cost Rs 12 / month from Dec 22) May be due to the monopoly they enjoy and most Tamil households with TV can't live without 2-4 hours of soap everyday.

    By Anonymous Arvind, at 10:40 PM  

  • This Person is a living example of the connection between "Extraordinary Wealth" and Monopoly... 10 years of Non-stop sharing power in Delhi (except for a 12 month break) has helped the promoters of SUN TV to make themselves catapult to this position (of being the Richest person in T.Nadu) .. if they can manouvre to share power in New Delhi for another 10 years, the richest person in Asia could be this guy.

    By Blogger ramki830, at 3:00 AM  

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