Ananda krishnan full biography of amitabh bachchan
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Billionaire Ananda Krishnan, whose only son left Rs crore empire to become monk, dies at 86
Ananda Krishnan, the billionaire tycoon known for building one of Malaysia's largest business empires, passed away peacefully today at the age of His private investment company, Usaha Tegas Sdn Bhd, confirmed the news, requesting privacy for the family during their time of mourning.
Ananda, often called AK, made an indelible mark on Malaysia’s corporate world. His business interests spanned across telecommunications, media, and oil and gas. He was behind major companies like Maxis Bhd, Astro Malaysia Holdings Bhd, and Bumi Armada Bhd. These ventures brought him immense success, particularly during the s and s. Forbes recently ranked him as Malaysia's sixth-richest man, with an estimated net worth of USD billion (about Rs crore).
Despite his towering achievements, Ananda was known for his low kontur and private lifestyle. He divided his time between Malaysia and France, where
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Kuala Lumpur: Ananda Krishnan, one of Malaysia's richest tycoons with a vast business empire including telecommunications, media, petroleum and real estate, has died. He was
His investment holding company, Usaha Tegas, said he passed away peacefully on Thursday and that his family requested privacy. It didn't specify the cause of death.
“Ananda made significant contributions to nation-building and the corporate world. His philanthropic initiatives have touched many lives,” it said in a statement.
Born April 1, , Ananda was a graduate of Harvard Business School who started his career in oil trading before venturing into other sectors. He owned stakes in telecommunications firm Maxis, media company Astro, satellite services firm Measat and oil services provider Bumi Armada, among others.
Local media reported that Ananda made most of his wealth during the s and s, making him closely associated with then-Prime Minister Mahathir Mohamad.
He was a founding director of state oil fi
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Malaysian tycoon's $7 billion wipeout turns his India dream into nightmare
But his $7 billion bet on mobile carrier Aircel Ltd may instead go down as one of the biggest-ever flops by a foreign investor in India, a stark reminder that doing business in the world's fastest-growing major economy is often a lot tougher than it looks.
Krishnan's holding company stands to lose all the money it poured into Aircel over the past 12 years, people with knowledge of the matter said, after the carrier filed to start bankruptcy proceedings this ed by intense competition and regulatory uncertainty, Aircel is the latest in a long list of casualties in an Indian telecom market that only a few years ago was luring foreign entrants in droves.
While international companies have fared much better in India's buoyant consumer products and financial services indust