Chinnakannan Sivasankaran
Chinnakannan Sivasankaran
Chinnakannan Sivasankaran | |
---|---|
Born | (1956-07-29)29 July 1956(age 59) Chennai, Tamil Nadu, India |
Nationality | Seychelles |
Occupation | Chairman of Siva Group |
Religion | Hindu |
Website | SIVA Group |
Chinnakannan Sivasankaran | |
---|---|
Born | (1956-07-29)29 July 1956(age 59) Chennai, Tamil Nadu, India |
Nationality | Seychelles |
Occupation | Chairman of Siva Group |
Religion | Hindu |
Website | SIVA Group |
Early life
Ventures
Sivasankaran bought Sterling Computers from Robbert Amritraj, father of the Indian tennis star, Vijay Amritraj, in the 80s and selling computers at the lower prices. [5] made it to the Indian newspapers as an innovative emerging businessman. He acquired telecom licences for Delhi, Haryana, Rajasthan, UP (East) and Tamil Nadu in early 1990s and in 1997 launched Aircel based out of Chennai. Sivasankaran additionally has stakes in Aiwo (health food chain), WinWinD, S Tel and Siva Shipping (earlier Ugland Shipping). [6]
Controversies
Sivasankaran sold his 74 percent stake in Aircel to Maxis Communications in 2006. Later, CBI allegedly found irregularities in the deal and charged former minister Dayanithi Maran for having forced Sivasankaran to sell all his stake to Maxis. [7]
He is known to keep an extremely low public profile and has rarely given public interviews.
He is known to live out of the most expensive presidential suites around the world and owns a large fleet of private planes and yachts.
[8] He is the ambassador-at-large for Seychelles, where he owns a seafront residence.
[9] On August 26, 2014, the Supreme Court of Seychelles declared him and the Siva Group insolvent following his application for bankruptcy protection to ward off a claim by his Bahrain-based telecom partner Batelco. [1]