ANANDA KRISHNAN

Tatparanandam Ananda Krishnan is a successful business tycoon and he is known as the sixth wealthiest man in Asia. He is the chairman & CEO of Usaha Tegas Group Holdings Bhd. His parent was originated from Sri Lanka but he was born in Kuala Lumpur.  He furthers his study at the University of Melbourne, Australia for his B.A (Honours) degree in political science. Following that, he graduated from Harvard Business School in 1964 after finishing Master in Business Administration.

Networked

Ananda Krishnan has a very good political relationship with Tengku Razaleigh Hamzah, who was Minister of Finance during that time. He always attended either formal or social meetings together with Tengku Razaleigh. Tengku Razaleigh introduced Ananda with Dr. Mahathir in the 1970’s. Ananda was trying hard to cultivate his relationship with Dr. Mahathir. He always keeps in touch with Tengku Razaleigh even though his relationship with Dr. Mahathir became closer. Apart from that, Ananda also is the one who played an important role in the restoration of his relation with Dr. Mahathir after Tengku Razaleigh left UMNO and formed Semangat 46.

People keep mistakenly think that he is one of Dr. Mahathir cronies as their relationship is very close. He took over Racing Industry located in the middle of Kuala Lumpur which is the most expensive estate in Malaysia. Ananda also gained profit from Malaysia’s privatization policy. A company controlled by Ananda had successfully taken over one- third of the equity in the Powertek. He also gave the idea to Dr. Mahathir against the construction Of Petronas Twin Tower which is now one of the tallest buildings in the world.

Visionary

Tan Sri Ananda Krishnan also is an entrepreneur who has the visionary trait and he has a good foresight in handling and managing his business worldwide. Ananda entered the telecommunication sector very quickly during the late 20^th century when the sector was growing dizzy. As a result, Malaysia had its own telecommunication satellites for the first time in 1996.

Ananda also involved himself into business such as drilling, communication, and multimedia. He started the business in a small scale betting operation but he has the ability to know exactly when it is the right time for him to increase his company profitability. He diversified the business into oil drilling, communication and multimedia, real estate industry and TV broadcasting.  He also had been involving himself into small scale horse race betting when he was a student. He also knew that ne needed to keep pursuing his study in order to handle his growing business. Therefore, he took Master of Business Administration at Harvard in 1964.

As a man with vision, he removed Maxis Communication Berhad from the Malaysia Stock Exchange in order to privatize the company and globalized the Maxis service.  He knew that he can increase the investment benefit on his telecommunication business if he privatized Maxis Berhad as well as promoting it globally. He did the privatization after discussed the idea and analyzed the market with his shareholder, Raja Datuk Arshad Raja Tun Uda who is also the Chairman of Binariang Satellite System Holdings. 

He had planned to extend Maxis into Indonesia and India in order to increase the stock market value. Apart from that, he also planned to return Maxis back to Malaysia Stock Exchange after Maxis has earned a stable profit.

Proactive

Ananda Krishnan is an MBA graduate from the prestigious Harvard University. Ananda is very proactive in creating more opportunities in his way to success. He determined his business strategy actively and corporate goals together with his shareholders, business partner, employees and government sector in order to deliver strategic values.

Ananda currently owns 2 of the biggest communications companies in Malaysia; Maxis Communications & MEASAT Broadcast Network Systems. Maxis is currently the biggest cellular phone company in Malaysia with more than 5 million subscribers and about 30% of Malaysia's market share. 

Ananda has the ability to appreciate and take advantage of new technology discoveries and make them work in his way. He knows it very well on how to take actions and preserve in challenging situations. He is also broadening his investment in various fields.

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Open Culture

Tan Sri Ananda Krishnan is a successful entrepreneur that has the characteristic of culture of openness in managing their business. Cultural openness means, entrepreneurs can receive any opinions and views of others and the surrounding environment in its business organization. The entrepreneur must trust and can work with other subordinate and not be influenced by others in managing the business. Entrepreneurs in dire need of internal and external energy high for him motivate them with their businesses. In the decision-making process, the entrepreneur has to take into account all internal and external factors of the organization as well as taking into account all relevant stakeholders.

Ananda Krishnan always uses strategies for creating the effect of ingenuity and efficiency of a wider network. An entrepreneur certainly is someone who can think independently and mature. An independent-minded can see, seize and analyze the opportunities available by their own. Entrepreneurs are one who always open mind and not be influenced by outside influences. Entrepreneurs will make the opinions of others as partners, managers and subordinates as a guide.

Malaysian entrepreneurs who practice the culture of openness in business is Tan Sri Ananda Krishnan. He believes workers underneath. He believes that with the expertise of its employees in generating ideas in business and this is evidenced when he has responsibility for managing a number of professional and competent employees. Tan Sri Ananda Krishnan management believes that the idea would be interesting to get a variety of views of the other parties which made him be able to manage and grow its business in the field of Telecommunications Maxis and Astro. Employee expertise is shared and merged into a strong management idea. This is evidenced by the wealth of its telecommunications company Maxis and Astro to have reached 81.48 billion.

Open Risk Taker

The risk taker is where an individual or business that tends to behave in a way that can potentially cause physical harm or financial loss, but might also present an opportunity for a rewarding outcome. For this part, we are going to related risk taker term to a well-known entrepreneur who is Ananda Krishnan.

Ananda Krishnan is the sixth wealthiest man in Asia. He is the Chairman & CEO of Usaha Tegas Group Holdings Bhd. Krishnan was born Tatparanandam Ananda Krishnan to Tamil parents of Sri Lankan origin in the Malaysian capital, Kuala Lumpur. Krishnan’s company, Maxis Communications has contributed immensely to his current status making him the richest BUSINESS man in Southeast Asia.

His   humble, bold, daring and risk-taking character led him to remove Maxis Bhd. from the Malaysian stock exchange in order to privatize the company to cater to the global market. As an entrepreneur, he has a set of managerial qualities and business practices which he has applied in his bid to become a Malaysian billionaire. Ananda is planning to achieve his primary goals, where he would analyze the current situation, anticipate future undertakings and make appropriate decision to achieve his goals. Even though he decided to take the risk in his business at the same time, he is also aware of the organization’s goal.

As a businessman, he determines his business strategies and corporate goals together with is business partners, shareholders, employees and government sector in order to deliver strategic values, since his ultimate goal is to privatize and globalize the service provider Maxis. He always ensures that the goals are achieved even if it’s risky to achieve the targets. The decision on privatizing was his alone though he discussed and analyzed with other entrepreneurs and his shareholders including Raja Datuk Arshad Raja Tun Uda, the Chairman of Binariang Satellite Systems holdings, which is also controlled by Ananda Krishnan.

Other than that, Ananda has the vision and that is why he is the best among his peers. We do not envy but admire him for his achievements. The money he makes is from his effort and risk taking.

He’s hardly seen at conferences and even during meetings with his close associates. He’s like an invisible deal maker. Ananda could not be contacted by Reuters for comments. Some investors believe Ananda could be tapping his assets in response to political volatility in the Middle East and ahead of national elections in Malaysia expected this year that could stoke market volatility. He has also been facing problems in India, where police have been investigating one of his companies in a telecoms case. Company officials have denied any wrongdoing. The internal rate of return that he is getting from some of his power assets may also not be lucrative, especially for the problems in Egypt and Pakistan. Of the entire financial crisis that Ananda faced, he still manages to maintain and rise up his business. He decided to take the risk in order to achieve the targeted goals.

With already a net worth of $11.7 billion, Ananda Krishnan is still always on the look to expand his business. He is always ready to take a risk as long as his business leads to profit and goals are achieved. He holds an interest in satellites and communications, property development, gaming, and oil trading. His love for property led him to buy Kia Ora, his extremely expensive house near the rural town of Scone. The property comprises 1,800 hectares of land. Ananda’s other properties are based in France, London, and Kuala Lumpur. Ananda also thoroughly enjoys fishing trips on his luxurious yacht.