Tirumala Temple trust surpasses major Indian firms

At Rs 2.5 lakh crore, net worth of Tirumala Temple trust surpasses major Indian firms

Andhra Pradesh By Muhammed Fazil November 7, 2022 Read the article

For the first time, the Tirumala Tirupati Devasthanams (TTD) has declared the conglomerate’s net worth, estimated at ₹2.50 lakh crore.

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Despite the Covid-19-induced economic slowdown, the Tirumala temple ’s hundi collections have been on the upswing since May this year.

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TTD deposited its collections and donations in 24 different banks, with the highest cash deposits being held in HDFC Limited.

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The net worth of the 960 properties, spanning about 7,123 acres, owned by the Tirumala Temples across the country is ₹85,705 crore.

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“TTD Board has already resolved not to invest in central government or state government securities,” said TTD Executive Officer Dharma Reddy.

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The gold offerings received are sent to the Government’s Mint for melting, refining and investing under the Gold Monetization Scheme in Long-term Gold deposits of 12 years.

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