02 October, 2020

The Proprietors

The Proprietors

They’re the owners, businessmen who have decided to take the plunge into politics. And their investor status is either because they are first-generation entrepreneurs or they have inherited the wealth. This category includes the usual names: Naveen Jindal from Punjab who owns Rs 5.48 crore worth of shares as the karta of HUF (Hindu Undivided Family); Milind Deora, a Congress MP, who’s the proprietor of the Fender group and also 50% partner in Universal Polymers; and Mohammed Shahid, the BSP leader, whose family owns Al-Sakib Exports. Well, some names are usual too: Rahul Gandhi, the son of the Congress president, owns a majority stake in the Mumbai-based Backops Services.

S.P.Y. Reddy, Congress
With his wife, has invested Rs 61 lakh in family businesses—Sujata and Sowmya group of firms that make pipes, plastics and polymers

Rajagopal Lagadapati, Congress
Has invested a few crore of rupees in the Lanco group, which has interests in...



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