Malaysian Business Titan T Ananda Krishnan Dies at 86, Leaving Behind a Corporate Legacy

By The Malketeer

A Strategic Architect Who Transformed Telecommunications and Media Landscapes In Malaysia

T Ananda Krishnan, a towering figure in Malaysian business whose entrepreneurial vision shaped multiple industries, passed away on November 28, 2024, at the age of 86.

His investment holding firm, Usaha Tegas Sdn Bhd, announced his peaceful passing, highlighting his profound impact on nation-building and corporate Malaysia.

A Visionary Business Leader

A Harvard Business School graduate, Ananda Krishnan was more than just a businessman—he was a strategic architect who transformed telecommunications and media landscapes in Malaysia.

He founded Maxis Bhd, the country’s second-largest mobile operator, which became a cornerstone of Malaysia’s digital communication infrastructure.

Beyond telecommunications, Ananda’s entrepreneurial reach extended to broadcasting and media through Astro Malaysia Holdings Bhd, further diversifying his business portfolio.

His strategic investments also included a substantial stake in Bumi Armada Bhd, an oil field services provider, demonstrating his ability to identify and capitalise on emerging market opportunities.

Financial Success and Recognition

His business acumen did not go unnoticed.

In April 2024, Forbes ranked him as the third-richest person in Malaysia, with an estimated net worth of US$5.1 billion.

This recognition placed him alongside other prominent Malaysian business leaders like Robert Kuok and Quek Leng Chan.

Philanthropic Impact

While celebrated for his business success, Ananda was equally recognised for his philanthropic initiatives.

Usaha Tegas Sdn Bhd’s statement said that his contributions “touched many lives,” underscoring his commitment to social responsibility beyond corporate achievements.

Legacy and Remembrance

As the business community and Malaysia reflect on Ananda Krishnan’s passing, his legacy stands as a testament to strategic vision, entrepreneurial spirit, and the transformative power of business leadership.

He leaves behind not just a corporate empire, but a blueprint for aspiring entrepreneurs in Southeast Asia.

The family has requested privacy during their mourning period, a wish that reflects the personal dignity that characterised Ananda Krishnan’s public and private life.