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.