Kuala Lumpur, 28 November 2024 - The business world has lost
one of its most enigmatic figures as Tan Sri T. Ananda Krishnan, a titan in
Malaysia's corporate sector, has passed away peacefully at the age of 86.
Krishnan, known for his low profile despite his immense impact, was the founder
of Usaha Tegas Sdn Bhd, a holding company with stakes in telecommunications,
media, oil and gas, and real estate.
A Legacy in Telecommunications:
- Maxis
Communications: Krishnan founded Malaysia's second-largest mobile
operator, significantly influencing the country's telecom landscape. His
foresight in the telecommunications sector not only transformed the
industry but also positioned Malaysia as a leader in Southeast Asia's
digital economy.
- Astro
Malaysia Holdings: Under his guidance, Astro became the dominant
broadcasting and media company, offering satellite TV services which
revolutionized entertainment in Malaysia and beyond.
Contributions to Other Sectors:
- Oil
and Gas: Through his substantial stake in oilfield services provider Bumi
Armada Bhd, Krishnan made significant inroads into the energy sector,
contributing to Malaysia's oil and gas infrastructure.
- Real
Estate and Philanthropy: Known for his investments in luxury properties,
Krishnan also had a keen interest in philanthropy, funding numerous
initiatives in education, arts, and humanitarian aid. His Yu Cai
Foundation has been pivotal in providing scholarships and support for education.
Philanthropic Legacy:
- Krishnan's
philanthropy extended beyond Malaysia, with contributions to global
causes. His approach to giving back was as discreet as his business
dealings, but his impact was felt widely, particularly in educational
development.
Public Reaction and Tributes:
- The
news of his passing has led to an outpouring of tributes from across the
corporate world, government officials, and ordinary Malaysians whose lives
were touched by his business innovations or philanthropy. Many have
highlighted his role in fostering competition and growth within the
telecommunications sector, which spurred technological advancement.
Personal Life:
- Despite
his wealth, Krishnan was known for his privacy. Born in Kuala Lumpur with
roots tracing back to Sri Lanka, he completed his education at Victoria
Institution, then the University of Melbourne, and later obtained an MBA
from Harvard Business School. His son, Ajahn Siripanyo, famously chose a
life of monasticism over inheriting the family fortune.
This is a somber moment for Malaysia's business landscape,
as Krishnan's influence extended far beyond his companies to shaping policy,
innovation, and societal welfare. His legacy will continue to be felt in the
industries he helped build and the lives he touched through his philanthropy.