The Business Adventures of Malaysian Billionaire Ananda Krishnan

On April 1 in the year 1938, one of the most controversial businessmen in Southeast Asia was born in Kuala Lumpur, Malaysia. His name is Tatparanandam Ananda Krishnan, the founder of a Malaysian conglomerate that includes telecommunication, media, oil and gas, power generation, gaming, leisure, and property development. According to forbes.com, he has accumulated assets worth $6.6 billion.

Ananda Krishnan
Ananda Krishnan (Photo Credit: Facebook Page)

Ananda Krishnan was the son of a couple of modest means. His ancestry is Sri Lankan who were brought by British authorities to help in the governance of Malaysia during the colonial period. As a Colombo Plan scholar, Ananda was sent to study at the University of Melbourne where he finished a political science degree. Later, he earned his MBA from Harvard University.

Returning to Malaysia in 1965, Ananda Krishnan set up a consulting firm. Then he established an oil and gas company, securing exploration permits in several countries. Subsequently, he purchased a significant stake in Tanjong Public Limited Company which was originality incorporated in England and with interests in gaming, leisure, power generation, and property development.

In 1993, Ananda Krishnan purchased a controlling stake in Maxis Berhad, the largest cellular phone company in Malaysia. Two years later, he formed Measat after he was issued a license to operate satellite broadcasting. He went on to operate digital satellite television and radio stations under the Astro umbrella.

Ananda Krishnan is married with two daughters and a son who became a Buddhist monk. Ananda is well-known for his corporate manipulation. He had delisted and re-listed some of his companies in the Malaysian stock exchange known locally as Bursa Malaysia. He was the subject of inquiry by Indian Authorities for his alleged involvement in the Indian mobile-phone company Aircel controversy.

References
https://www.forbes.com/profile/ananda-krishnan/
https://www.bloomberg.com/billionaires/profiles/t-a-krishnan/
http://www.famous-entrepreneurs.com/ananda-krishnan
https://www.thestar.com.my/business/business-news/2016/11/16/astro-to-be-taken-private/

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