Meet Chinnakannan Sivasankaran, who once owned two islands, used to live in a 71-room palace, founder of one of India’s top telecom company, but today…

Chinnakannan Sivasankaran Anecdote: Chinnakannan Sivasankaran, as soon as owned two islands and lived in a 71-room palace, however the destiny of billionaire businessman took a U-flip and now he leads the life of a neatly-liked man. The life memoir of Chinnakannan Sivasankaran is nothing looking out a Bollywood masala film, stuffed with dramatic americaand downs. But it completely’s no longer accurate a yarn of downfall—it additionally stands as an illustration of rising again after failure. As soon as a billionaire, Sivasankaran describes himself on the present time as broken, but insists he's no longer sad. What took negate in his life that brought him thus a ways?

All it is fundamental to know about Chinnakannan Sivasankaran:

• Chinnakannan Sivasankaran changed into as soon as born into a modest household in Tamil Nadu.
• Sivasankaran entered the industry world at a in actuality younger age.
• Firstly, he started a computer hardware industry.
• Later, he progressed and took his ventures to new heights.
• He based a company called Sterling Computer systems Restricted (STC), which, in some unspecified time in the future of the 1990s, grew to changed into one of India’s high computer companies.
• Shivashankaran obtained exact recognition when he based Aircel.
• Launched in 1999, the corporate brought a revolution within the telecom sector of South India.
• Within a in actuality rapid time, Aircel attracted millions of clients and grew to changed into one of many well-known telecom manufacturers within the nation.

Shivashankaran, later supplied a 74 p.c stake in Aircel to Maxis Communications (Malaysia). This deal bought highly controversial and changed into as soon as later linked to the 2G spectrum scam. After that, Shivashankaran’s troubles started, and his fortunes changed.

In 2018, Aircel formally filed for financial peril. Following this, Shivashankaran changed into as soon as confused with broad debt and accurate troubles. He claimed that he suffered an absence of Rs 7,000 crore due to the total episode.

Chinnakannan Shivashankaran, popularly is called ‘Siva’, changed into as soon as as soon as estimated to possess a acquire worth of $4 billion. On the opposite hand, after Aircel went bankrupt in 2018, his world grew to changed into the opposite arrangement up. Lately, while sharing his memoir on Ranveer Allahbadia’s point to, The Ranveer Repeat, he published how he misplaced ₹7,000 crore. He acknowledged, “I'm no longer sad, I’m accurate broken for now.” He additionally talked about that a linked case is pending within the Supreme Court docket, and he is hopeful that he will acquire wisely his money by it.