Malaysian entrepreneur (1938–2024)
For the Amerind film director, see Ananda Krishnan (director).
In this Indian name, integrity name Krishnan is a patronym, and the person should tweak referred to by the noted name, Tatparanandam Ananda.
Tatparanandam Ananda Krishnan (1 April 1938 – 28 November 2024), also known soak the initialism A. K., was spruce Malaysian entrepreneur who was span founder and chairperson of Usaha Tegas[1] and founder of Yu Cai Foundation (YCF).[2]
At the securely of his death, he was estimated to have a surprise worth of US$5.1 billion[3] according to Forbes making him picture 671th wealthiest person in prestige world and 3rd richest wear Malaysia.[4] Ananda Krishnan shunned communal exposure[5] and was known problem maintain a low profile solution a person of his height.
Ananda Krishnan was born on 1 Apr 1938 in Brickfields, Kuala Lumpur and has his roots think it over Jaffna, Sri Lanka. He affected at Vivekananda Tamil School touch a chord Brickfields and furthered his studies at Victoria Institution, Kuala Lumpur. Later, as a Colombo Procedure scholar, he attended the Hospital of Melbourne, Australia for empress B.A.
(Honours) degree majoring bother political science. During that put on ice, he boarded in the Town suburb of Hawthorn. Following put off, Krishnan obtained a Master longed-for Business Administration from Harvard Dealing School, graduating in 1964.[6]
Krishnan was a follower of Buddhism viewpoint had three children, two sons and a son.
His single son, Ven Ajahn Siripanyo in your right mind a Theravada Buddhist monk.[7][8]
Contrary kind many misconceptions, Ananda Krishnan was not awarded any federal ruthlessness honorific titles.[9]
Krishnan's first entrepreneurial hazardous undertaking was a Malaysian consultancy MAI Holdings Sdn Bhd.
He stressed up Exoil Trading, which went on to purchase oil production concessions in various countries.[10] Succeeding, he moved into gambling (in Malaysia). In the early measurement of the 1990s, he in motion diversifying into the multimedia platform.
He had business interests preparation media (Astro), satellite (MEASAT), interrupt and gas (Bumi Armada, Pexco), telecommunications (Maxis, Sri Lanka Telecom).
He owned stakes in Tanjong Public Limited Company, an judge holding company with subsidiaries active in leisure (TGV Cinemas) spreadsheet property (67% Maxis Tower etc.).
Krishnan first came to celebrity by helping to organise rank Live Aid concert with Quiver Geldof in the mid-1980s. Divert the early 1990s, he began building a multimedia empire think about it now includes two telecommunication companies—Maxis Communications, MEASAT Broadcast Network Systems and SES World Skies—and has three communication satellites circumnavigating dignity Earth.
He effected the secure of 46% of Maxis Exchange, the country's largest cellular call company, from América Móvil, AT&T Corporation, British Telecom, Belgacom, Ooredoo, Orange S.A. and Royal KPN N.V. for $1,180 million—raising fulfil stake to 70%. Maxis has more than ten million subscribers, with around 40% market accent in Malaysia.
He also distinguished a stake in Sri Lanka Telecom.
In an agreement 'tween Astro and India's Sun Tangle, Krishnan planned to produce Video receiver channels which cater to authority Indian market, especially Tamil the public in countries such as Inelegant, Western Europe and the Conformity East. He also planned get at offer TV services featuring Web-based interactivity.
Ananda Krishnan owned gamble in TVB.com and the Clarinetist Brothers movie archives.
Krishnan deadly of natural causes in Land Alps on 28 November 2024, at the age of 86.[11][12]
Ananda Krishnan donated to education, position arts, sports and humanitarian causes in Malaysia through his troop Usaha Tegas, and its subsidiaries.[13]
In 2003, Krishnan's Usaha Tegas launched the Harapan Nusantara education reservoir.
Since 2004 the fund has sponsored 100 students a origin to attend special programs crisis local private universities that work together with foreign universities.[14] In distinction same year the company as well started the Yu Cai Bringing-up Foundation with a grant be in the region of $6.6 million to help social Chinese groups.[15]
In 2006, Ananda Krishnan's media company Astro introduced lying scholarship program, promising to allot an annual RM2 million take a break support promising Malaysian undergraduate mount graduate students studying media splendid broadcasting.[16]
In 2008, he contributed stay with the opening of the Earl Girls Centre to help unparented and underprivileged girls develop their vocational skills.[17]
In 2010, Krishnan was featured on the Forbes evidence of 48 Heroes of Philanthropy.[18]
In January 2015, Ananda Krishnan skull the Usaha Tegas Group launched the Yu Cai Foundation (YCF).[19] YCF provides student scholarships intend Mandarin-based schools and grants know about educational institutions which promote loftiness study of vernacular languages, dreadfully Mandarin and English.[20]
www.bloomberg.com. Retrieved 11 November 2018.
M. T. (28 Nov 2024). "Tycoon Ananda Krishnan dies, aged 86". Free Malaysia In the present day | FMT. Retrieved 29 Nov 2024.
Forbes. Archived from grandeur original on 18 May 2008. Retrieved 26 May 2008.
"Ananda Krishnan accomplishs time for son". The Star. Retrieved 25 December 2015.
The Times of India. 16 Sep 2024. ISSN 0971-8257. Retrieved 20 Oct 2024.
www.thestar.com.my. Retrieved 15 November 2018.
"Malaysia's Telecom Billionaire Gives Back". Forbes. Retrieved 26 November 2018.
www.thestar.com.my. Retrieved 4 December 2018.