Tirupati temple richer than Wipro, Nestle, ONGC.
New Delhi: Tirupati’s world famous Lord Venkateswara temple’s net worth of over Rs 2.5 lakh crore (about $30 billion) is more than the market capitalisation of IT services firm Wipro, food and beverage company Nestle and state-owned oil giants ONGC and IOC.
Tirumala Tirupati Devasthanams, keeper of the temple dedicated to Tirupati’s presiding deity, for the first time since its founding in 1933 declared its net worth.
Its assets include 10.25 tonnes of gold deposits in banks, 2.5 tonnes of gold jewellery, about Rs 16,000 crore of deposits in banks, and 960 properties across India. All these total to over Rs 2.5 lakh crore.
At current trading price, the networth of Tirupati temple is more than several blue-chip Indian firms, according to stock exchange data.
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