Meet the bankrupt Indian billionaire: one owner of 2 islands and 71-room villa with net assets of 33,400 rupees, now only with …; Knows who he is .. | News

Chinnakannan Sivasankaran grew up in a modest household in Tamil Nadu. Despite limited means, he had great dreams and would become one of the most spoken entrepreneurs in India in the tech and telecommunications sector.

In the 1980s, Sivasankaran Sterling Computers founded that quickly became a remarkable name in the IT landscape of India. In the 1990s, Sterling was one of the leading players and marked the beginning of his ambitious business trip.

Sivasankaran started in 1999 Aircel, a telecommunications company that earned consumers with their value for money for money. Aircel became known in a strongly competitive market and became one of the fastest growing telecommunications brands in India at that time.

In 2006, Siva sold a 74% participation in Aircel to Malaysias Maxis Communications. The deal later became controversial and drew attention during the notorious 2G spectrum scandal, even though it initially marked a large financial milestone for him.

Aircel finally announced bankruptcy in 2018. Sivasankaran experienced personal losses of 7,000 billion GBP, a dramatic shift compared to his earlier success than his net assets were estimated at over 4 billion US dollars.

Before the collapse, the 68-year-old series entrepreneur lived a luxurious life-several global real estate, including a manor house of 524 crore in Chennai with 71 rooms, a 14 hectare property in California with a helicopter country, award-winning teams and even two private island.

In the Ranveer show, Siva announced that he now has only a 2 hectare plot. He added that he would not build a house until he dissolves all of his ongoing problems and thinks about a life with rise, autumn and reflection. (Credit: @Ranveerallahbadia/ Yt)