Meet Kavery Kalanithi, brain behind success of Sun TV, earns more salary than Mukesh Ambani's daughter Isha Ambani, her salary is…, Kavya Maran is her…
Kalanithi Maran is a very prominent name in the business world. He is the chairman of Sun Group that owns several television channels, newspapers, DTH Services, radio stations, and production houses. Kalanithi not only owns IPL team Sunrisers Hyderabad but also Sunrisers Eastern Cape in South Africa's T20 league.
He is also the owner of one of the biggest production houses – Sun Pictures – and has produced several blockbuster movies such as Jailer, Beast, Thiruchitrambalam, Enthiran, and Petta. Kalanithi Maran is in the news over a a 20-year-long dispute with his brother Dayanidhi Maran. According to several media reports, a legal fight started between the Maran brothers following DMK MP and former Telecom Minister Dayanidhi Maran issuing a legal notice against his elder brother Kalanithi over alleged financial irregularities.
The management of the Sun TV issued a statement claiming the dispute originated 22 years ago when the company was privately held. Kalanithi Maran is the pillar behind Sun TV and his wife Kavery Kalanithi is the backbone and the driving force of the company. Lets know about Kavery Kalanithi. Who is Kavery Kalanithi?
Kavery Kalanithi is Kalanithi Maran's wife. She looks after the overseas content of Sun TV. Kalanithi started Sun TV Network in the year 1993. Currently, the media house runs as many as 37 channels, reaching more than 140 million homes across India. In June 2024, Sun TV expanded its reach by launching a Hindi general entertainment channel – Sun Neo. Kavery is the Executive Director at Sun TV Network and oversees content.
Kavery assumed leadership of Sun TV in 1993, expanding its reach throughout India. In a Business Today interview, she discussed her contributions to the company. Highest-Paid Executive Director
Notably, Kavery Kalanithi is one of the highest-paid executive directors in the country. She always focuses on extending Sun TV's viewership beyond South. And because of her leadership, the network has a presence in Marathi and Bengali as well. Under her leadership, the network made major investments in Hindi-speaking content. Kalanithi Maran's Salary
According to DNA, Kavery Maran received a salary of around Rs. 87 crores in FY 2021. 83rd Richest Man In India
When Kalanithi Maran went to the US for an MBA. Inspired by the vast US television market during his studies, Kalanithi Maran launched Sun TV in 1993. The network's success led to a 10 percent equity sale for USD133 million on the Bombay Stock Exchange by 2006.
Under his leadership, Sun TV became the most successful network in South India.
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SC agrees to hear Kalanithi Maran, KAL Airways appeal against SpiceJet
Sun Group founder and chairman Kalanithi Maran and KAL Airways moved the Supreme Court on Friday against an order dismissing their pleas seeking damages of Rs 1,323 crore from SpiceJet. The apex court agreed to hear the plea on 18 July. Maran and KAL Airways filed the plea against the Delhi High Court order dated 26 May, which had dismissed their petitions seeking over ₹1,300 crore in damages from SpiceJet. Earlier, the petitions by Maran and KAL Airways had been rejected by an Arbitral Tribunal and later by a single-judge Bench of the High Court. The High Court in May said Maran and KAL Airways had engaged in a calculated gamble by delaying and re-filing their challenge to the arbitral award. 'This... is not a simple case of delay in removing objections in refiling the appeals. It is a case of deliberate and wilful concealment of facts both from the Division Bench as well as from the respondents and a calculated gamble taken by the appellants,' the Delhi HC said. The court declined to condone the delay of 55 days in filing and 226 days in re-filing the present appeals. 'As the application for condonation of delay in filing and re-filing have been dismissed, the appeals also stand dismissed on the ground of delay without going into merits,' the High Court order had stated.
Time of India
14 hours ago
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Kalanithi Maran, KAL Airways move SC after Delhi HC rejects plea seeking ₹1,323 crore from SpiceJet
Kalanithi Maran and KAL Airways on Friday moved Supreme Court against the Delhi High Court 's May order that dismissed their pleas seeking Rs 1,323 crore in damages from SpiceJet . The top court has agreed to hear their pleas against the budget airline on July 18. These assertions by Maran, in the long-standing share transfer dispute , were already previously rejected by the Arbitral Tribunal and then the Delhi High Court, giving a breather to SpiceJet. SpiceJet shares fell by nearly 1% after the news broke, trading at Rs 39.56 apiece on the BSE as of 12.30 PM. The move comes after the Delhi High Court, in May 2024, dismissed the damage claims brought by Maran and KAL Airways, terming their actions as a 'calculated gamble' that included unjustified delays, procedural lapses, and suppression of facts. The court had pulled up the former promoters for filing and refiling appeals with significant delays, describing their conduct as 'lacking in bona fides'. The legal battle traces back to February 2015, when Maran and KAL Airways transferred their 58.46% stake in SpiceJet to current chairman Ajay Singh . In 2017, Maran moved the Delhi High Court claiming that 180 million warrants, convertible into equity shares, were not issued to him as agreed. The dispute was referred to arbitration in July 2016, and in July 2018, the arbitral tribunal rejected Maran's ₹1,323 crore damages claim , awarding instead a refund of ₹579 crore plus interest. Both sides challenged the award. In July 2023, a single-judge bench dismissed these challenges. SpiceJet and Singh filed timely appeals which were heard, while Maran and KAL Airways delayed their appeal by 55 days, followed by an additional 226-day delay in curing procedural defects. The division bench, in May, rejected Maran's appeal citing "fence-sitting" tactics and 'total absence of good faith,' and said the applicants had kept the court and SpiceJet "completely in the dark" about the pending appeals.
Mint
a day ago
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Nicholas Hoult confirms no return as Beast in Avengers: Doomsday, praises Kelsey Grammer's legacy
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