
Not learning Hindi was a Rs 1 lakh crore loss: Aircel founder C Sivasankaran's honest confession on Ranveer Allahbadia's podcast
Aircel founder C Sivasankaran
opened up about the regrets that still weigh on him, not missed deals or market crashes, but two brutally simple things: not learning Hindi and not moving to Delhi, Mumbai or even Chennai. Speaking on the podcast with
Ranveer Allahbadia
, the telecom veteran admitted that these mistakes early in his career may have cost him the fortune of a lifetime.
#Pahalgam Terrorist Attack
India orders nationwide defence drills as Indo-Pak tensions rise
From blackouts to bunkers: Inside India's civil defence mock drills across 244 districts on May 7
A woman spy who helped India defeat Pakistan in 1971
'If I had learned Hindi, I would have attracted all 140 crore Indians,' he said. 'And if I had moved to Delhi or Bombay when I was younger, I would have definitely made Rs 1 lakh crore.'
Sivasankaran, who built
Aircel
at the age of 24, described how he made his first Rs 12,000 from a fabrication job, and never borrowed again in his life. 'I've never taken even Rs 100 in personal capacity,' he said. 'I don't want to take loans, I want to attract money. And when you do that, money flows.'
Aircel founder
C. Sivasankaran, better known as "Siva," is a serial entrepreneur and one of India's most unconventional business minds, known for spotting market inflection points long before they became mainstream. He began his business journey in 1985 with the acquisition of Sterling Computers from Robert Amritraj. At a time when personal computers were considered luxury items, Siva disrupted the industry by offering PCs at just Rs 33,000—far below the competition, catapulting Sterling into the ranks of India's top three computer firms.
But it was in telecom where Siva made his boldest bets. In 1992, he secured a five-year contract with
MTNL
, then a state-run
monopoly
in Mumbai and Delhi. His foresight told him that telecom would soon open up to private players. In 1999, Chinnakannan Sivasankaran founded Aircel from his native village of Kovilur in Cheyyar taluk, Tiruvannamalai district, Tamil Nadu. Starting with operations in Tamil Nadu, Aircel quickly grew into a dominant player in the region, becoming the market leader in the state. The company also expanded its footprint across key telecom circles in Odisha, Assam, and the North-East, establishing a strong presence in underserved markets.
Under Sivasankaran's leadership, Aircel carved out a niche in the competitive telecom space by focusing on regional strength and consumer affordability. However, after failed merger talks with Reliance Communications, the company struggled to sustain operations and eventually, it filed for bankruptcy.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Economic Times
5 minutes ago
- Economic Times
Stock Radar: NYKAA stock breaks out from 4-week consolidation; likely to hit fresh 52-week highs – what should investors do?
FSN E-Commerce Ventures (NYKAA), part of the e-retail industry, broke out from a 4-week consolidation on the weekly charts which has opened room for the stock to head higher and might even hit fresh 52-week traders can look to buy the stock for a target of Rs 238 in the next 3-4 weeks, suggest e-retail stock hit a high of Rs 229 on August 23, 2024. It closed at Rs 225 on August 20, stock got stuck in a range


Indian Express
37 minutes ago
- Indian Express
Online gaming companies move to shut paid operations as gaming Bill gets Rajya Sabha nod
The Rajya Sabha's approval of the online gaming Bill Thursday has drawn the final curtain on India's booming real-money gaming industry. What was once a bustling digital arena of wagers and winnings now stands eerily silent, as leading platforms suspend paid play and others fold entirely. Lawmakers hail the measure as a shield against harm, but to thousands of workers and millions of players, it feels like the lights have dimmed on a once-thriving stage. Opinion trading platform Probo, in a message displayed on its app, said that 'in light of recent developments, we have paused all recharge activities in your best interest,' while requesting users to withdraw funds. Dream11, the country's biggest fantasy sports app and the Indian cricket team's main jersey sponsor, also communicated to its employees that it will wind down its real money operations. Zupee, another gaming platform, said it was discontinuing paid games, with users able to play free titles. 'Everyone will shut down paid operations for now, as the industry prepares a legal roadmap to challenge the law,' a senior gaming industry executive said. The Promotion and Regulation of Online Gaming Bill, 2025, now passed by both houses of Parliament, outlaws online money gaming services and penalises their celebrity endorsers. The Bill has been drafted over national security concerns related to online gaming platforms, including the use of digital wallets and cryptocurrencies for money laundering and illicit fund transfers, these platforms serving as potential messaging and communication grounds for terror organisations, and offshore entities circumventing Indian tax and legal obligations, among others. The government will prohibit any person from offering online games in India, failing which they could be imprisoned for up to three years, and penalised Rs 1 crore. Those promoting such platforms, such as social media influencers, will also face jail time of two years, and a penalty of Rs 50 lakh. The government will also prohibit banks and financial institutions from facilitating financial transactions on such platforms. The Bill applies to all online money gaming platforms irrespective of whether they are games of skill or chance, a distinction the industry had lobbied hard for in the past. The Bill said that the unchecked expansion of online money gaming services has been linked to 'unlawful activities including financial fraud, money-laundering, tax evasion, and in some cases, the financing of terrorism, thereby posing threats to national security, public order and the integrity of the State'. The parallel proliferation of online money games accessible through mobile phones, computers and the internet, and offering monetary returns against user deposits has led to 'serious social, financial, psychological and public health harms, particularly among young individuals and economically disadvantaged groups,' it said.


Indian Express
37 minutes ago
- Indian Express
Can explore pilot on regulated platform for pre-IPO share trading, says Sebi Chairman
The Securities and Exchange Board of India (Sebi) is considering to launch a pilot programme for a regulated trading platform where companies can trade shares before their initial public offerings (IPO). 'Can we think of an initiative on a pilot basis for a regulated venue where pre-IPO companies can choose to trade subject to certain disclosures?' the regulator's Chairman Tuhin Kanta Pandey said. The new platform will help in reducing grey market activity in companies unlisted shares. The grey market refers to the unofficial trading of securities even before being listed on stock exchanges. This is an unregulated market and works on demand and supply, with investors purchasing or selling shares notionally in the grey market even before they get listed. The Sebi is also mulling ways to improve the tenor and maturity profiles of the derivative products, its Chairman Tuhin Kanta Pandey said on Thursday. The proposed measures would be aimed at introducing longer-term derivative products, he said. Derivative products derive their value from underlying assets that could include stocks, commodities and currencies. Derivatives or futures and options (F&O) markets assist in better price discovery, improve market liquidity and allow investors to manage their risks better. 'We have often stated that equity derivatives play a crucial role in capital formation, but we must ensure quality and balance. We will consult with stakeholders on ways to improve, in a calibrated manner, the tenor and maturity profiles of derivative products, so that they better serve hedging and long-term investing,' Pandey said at the annual capital markets conference organised by FICCI. Currently, most derivatives in the country have either weekly or monthly expiry. Extending the tenure would make these products suitable for hedging and long-term investing. The derivatives segment has been an exponential surge in trading volumes, with the majority of traders incurring losses. A Sebi study released last year found that close to 93 per cent, or 9 out of 10 individual traders, in the equity F&O segment incurred losses, with aggregate loss exceeding Rs 1.8 lakh crore between FY22 and FY24. In the recent past, the markets regulator has announced a raft of reforms to strengthen the derivatives market and to restrain speculative trading. These measures included recalibration of contract size for equity derivatives, rationalization of weekly index derivatives products and increase in tail risk coverage on the day of options expiry. Pandey said that SEBI's approach in relation to equity derivatives has been thoughtful and consultative. The regulator is also looking to deepen the cash equities market, which is the true foundation of capital formation. 'Volumes in the cash market have grown rapidly, doubling in terms of daily traded volumes over a period of just three years. However, much more needs to be done,' he said.