Kavya Malan is now a well-known figure in the cricket world, especially in the Indian Premier League (IPL). As CEO and co-owner director of SunRisers Hyderabad (SRH), she has played an integral role in shaping the franchise’s strategy and its success. In 2018, she was appointed CEO. Kavya is the daughter of media billionaire Kalanithi Maran, who founded the Sun Group and is a prominent figure in her own field. Under her leadership, SRH has made headlines, especially for its recent strategic acquisitions such as Australian player Pat Cummins.
What impact does the signing of Pat Cummins have?
Sunrisers Hyderabad acquired Australian captain Pat Cummins for a whopping Rs 20.5 crore at the IPL 2024 mini auction on December 19, 2023. The deal is not only one of the most expensive ever paid at an IPL auction, but also signals SRH’s intention to strengthen the team with top players. Cummins is known for his bowling and batting skills and this acquisition will add a new edge to the team in the upcoming season.
How has Suncity Group performed recently?
Under the leadership of the Malan family, the Sun Group has seen sustained growth in both the media sector and sports management. On November 10, 2023, Sun Television Networks Limited (a major subsidiary of the Sun Group) reported a sharp increase of 14.05% in the company’s consolidated profit after tax (PAT) for the September quarter. The total amounted to Rs. 464.54 crore. The growth in financial performance was driven by a 26.8% increase in total revenue of Rs. 116.021 crore. Notably, these figures also include the contribution of cricket franchises, highlighting the key role cricket plays in the company’s revenue stream.
What is Kavya Maran’s net worth?
According to the latest news, Kavya Maran’s net worth is estimated to be around $409 million. This impressive figure is not just a reflection of her personal involvement in SRH, but also her position in the wider business endeavors that make up the Sun Group. The Maran family, including her father Kalanithi Maran, remains a major player in the Indian business world, with his name topping the 2019 Hurun India Rich List of Tamil Nadu IIFL Wealth with an estimated worth of Rs 19,000 crore.
in conclusion
Kavya Maran, during her tenure as CEO of SunRisers Hyderabad, has made many strategic decisions that are in line with the team’s goals. Her recent decision to bring in Pat Cummins to the team is a clear indication of her desire to improve the team’s competitive edge. With the 2024 IPL just around the corner, all eyes will be on SRH to see if these investments pay off in the cricketing arena.
Copy this article Kavya Maran, Net Worth, Who is Kavya Maran?
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