Sungroup moving strongly
The man who led this
journey is 50-year-old Kalanithi
Maran, chairman and managing
director of the Sun Group.
His media conglomerate dominates
the southern television market, with
33 channels in four languages that
reach more than 95 million
households. The Sun Group owns
the largest chain of TV channels in
India. The group’s other business
interests include direct-to-home
broadcasting, 45 FM radio stations,
two daily newspapers and six
magazines. Last year, Kalanithi
Maran acquired the Indian Premier
League’s Hyderabad cricket
franchise and named it Sun Risers.
The Bombay Stock Exchange-listed
Sun Television Network controls most
of the estimated Rs 13,848.13 crore
media business of the group,
according to exchange data.
Kalanithi Maran also entered the
airline business in 2010 by buying
SpiceJet, whose market capitalisation
is estimated at Rs 685 crore.