T. Ananda Krishnan, a corporate tycoon and one of Malaysia's most influential individuals, passed away today at the age of 86.
He was known as the founder of Maxis Bhd, Malaysia's second-largest telecommunications company, and Astro Malaysia Holdings Bhd, the country's leading broadcasting and media company.
His investment company, Usaha Tegas Sdn Bhd, confirmed his passing in an official statement on the company's official portal.
In the statement, the company said that Ananda had made significant contributions to the corporate and philanthropic worlds, which had a profound impact on the country and society.
Apart from telecommunications and media, he was also a shareholder in Bumi Armada Bhd, a well-known oilfield services company.
He was the third richest individual in Malaysia with a net worth of $5.1 billion, according to Forbes.
Ananda Krishnan's passing is a great loss to the Malaysian corporate world, which will continue to remember his legacy and achievements.
