In last 5 years, Naidu’s income has increased fourfold

  • | Saturday | 23rd March, 2019

In 2012-13, his income was Rs 14.88 lakh.Naidu’s wife Bhuvaneswari 's income in 2017-18 stood at Rs 13.45 crore while her income in 2012-13 was Rs 2.30 crore.Naidu has two residential properties, including plot no. In his I-T return for 2017-18, Naidu has an income of Rs 64.73 lakh. As vice-chairperson and managing director of family-owned Heritage Foods, she holds 1,06,61,652 shares @ Rs 511.90 per share worth Rs 545,76,99,659.She also has shares in other unlisted companies, including Heritage Finlease Rs 1000, Megabid Finance & Investment Pvt. Tirupati: Even as chief minister Nara Chandrababu Naidu and his son Nara Lokesh filed nomination papers on Friday, all eyes were on their affidavits.The income of Naidu has gone up four-fold in five years despite bifurcation blues. While 1/4th share was inherited, 2/4 share was received as a gift from his siblings.

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