Ananda Krishnan: A tycoon who defined generosity

Tatparanandam Ananda Krishnan, known as A.K., was a towering figure in Malaysian business, philanthropy, and global corporate leadership. Born on April 1, 1938, in Brickfields, Kuala Lumpur, A.K. carved a legacy that transcended industries. With a net worth of USD 5.1 billion (approximately RM22.7 billion) at the time of his passing on November 28, 2024, he was Malaysia’s third-richest man and ranked 667th on Forbes’ global billionaire list.

Ananda Krishnan’s illustrious career began with a Harvard Business School education, leading to ventures in consulting, oil trading, and telecommunications. He founded Maxis Communications and MEASAT Broadcast Network Systems, which remain pillars of Malaysia’s corporate landscape. Despite his immense success, A.K. remained grounded, often shunning public attention and embracing modesty in his personal and professional life.

A quiet farewell in Brickfields

The wake, held at A.K.’s childhood home near the iconic Brickfields temple, reflected his humble ethos. The simplicity of the proceedings was striking—a plain coffin, no flowers, wreaths, or garlands, and strict media restrictions. Cameras were prohibited, and security personnel meticulously checked visitors to ensure privacy.

Hundreds gathered to pay their respects, forming long queues outside the home. Despite the rain, dignitaries, corporate leaders, and the public came together, demonstrating the profound impact A.K. had on diverse communities. Notable attendees included former Prime Minister Tun Dr. Mahathir Mohamad, Astro CEO Henry Tan, and former Human Resources Minister Y.B. Kulasegaran.

Buddhist prayers, led by Chief Reverend Datuk Sri Dharmaratana of a nearby Sri Lankan Buddhist temple, were held in the morning. A.K.’s son, Thai Forest Monk Ven Ajahn Siripanyo, also participated, underscoring the family’s spiritual ties.

Philanthropy as a cornerstone of his legacy

Beyond business, Ananda Krishnan’s philanthropic initiatives left an indelible mark. His contributions spanned education, healthcare, and the arts, benefiting countless Malaysians. A.K. believed in empowering the less fortunate through education, often funding scholarships for underprivileged students. His charitable foundation supported medical research and healthcare programs, particularly in underserved areas.

One of his notable ventures was the establishment of Yayasan Usaha Tegas, which focuses on education and community development. Through his foundation, A.K. not only uplifted individuals but also strengthened the social fabric of Malaysia.

Ananda’s philanthropic spirit also extended internationally. He supported numerous global initiatives in the fields of education, poverty alleviation, and medical research. His commitment to helping others was not driven by the need for recognition but by a genuine desire to make a difference in the world. His legacy as a businessman was intertwined with his charitable works, which have cemented his status as not only a successful entrepreneur but also a compassionate individual who sought to uplift society.

A simple farewell

On Wednesday morning, following Hindu funeral rites, A.K.’s body was taken for a private ceremony, as per the family’s wishes. The funeral, closed to the public and media, marked the culmination of an extraordinary life.

For those who knew him, A.K. was not just a billionaire businessman but a man whose humility and generosity left a profound impact. His passing marks the end of an era, but his legacy of philanthropy, business excellence, and modesty will continue to inspire future generations.

Ananda Krishnan’s story is a testament to the power of using wealth for good and the importance of staying true to one’s roots, no matter how far one may rise.