Jupally Rameswar Rao | |
|---|---|
 | |
| Born | 16 September 1955 Kudikilla, Mahbubnagar, Telangana |
| Nationality | Indian |
| Title |
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| Spouse | Sri Kumari |
| Children | 4 |
Jupally Rameswar Rao (born 16 September 1955) is an Indian businessman. He is the founder-chairman of My Home Group, a Hyderabad-based company with a presence in realty estate, cement, and power sectors.[1][2][3] One of the brands of his company, Maha Cement has a reported annual revenue of ₹3,000 crore.[1] As per Forbes magazine, Rameswar Rao has a net worth of US$2.5 billion, as of march 2024.[4]
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Early life
Prior to entering his business, Rameswar Rao practiced homeopathy.[1]
Business career
In 1981, he established My Home Constructions Private Limited, which has an annual revenue of ₹650 crore as of November 2016.
Rameswar Rao ventured into the cement business and started Maha Cement (My Home Industries Private Limited), which he later encashed by selling 50% to CRH plc, an Irish company for ₹1429 crore in 2008.[5][6] He bought the 3.2 million tonne cement plant Sree Jayajyothi Cements from Shriram Epc for ₹1,400 crore in 2013. Now the company has a 10-million tonne cement capacity, making Maha Cement one of the largest cement producers in South India.
As of April 2022, he has a net worth of US$1 billion according to Forbes.[4]
philanthropic activities
He reportedly donated 5000 crore rupees and the land used to build the Statue of Equality in Shamshabad Hyderabad India.
Recognition
In May 2017, he was awarded with Lifetime Achievement Award by M. Venkaiah Naidu, the Union Minister of Urban Development, Housing and Urban Poverty Alleviation at HMTV Business Excellence Awards - 2017.[7]
Rameswar Rao's company M/s My Home Constructions Pvt. Ltd received the esteemed safety awards at the Global Safety Summit International Awards & Conference in London. He was honored for his exceptional contributions to health and safety, adding to his recent Lifetime Achievement Award.[8] [9]
References
- ^ a b c Sengupta, Sudipta (5 March 2015). "From homeopathy to building homes". The Times of India.
- ^ "Furore at GAME park event". The Hindu. 9 January 2014.
- ^ "No irregularities in MyHome Constructions: CM K Chandrasekhar Rao". Deccan Chronicle. 21 November 2014.
- ^ a b "Jupally Rameshwar Rao". Forbes. Retrieved 4 November 2022.
- ^ "Cement firm My Home to consolidate all existing products under 'MAHA Cement' brand". The Economic Times. 25 November 2016.
- ^ "Where The Rich Are Investing 2016". Outlook Business. 11 November 2016.
- ^ "Biz boost to build wealth". The Hans India. 7 May 2017.
- ^ "My Home Group Chairman Dr Jupally Rameswar Rao conferred with prestigious GSS Global Safety Awards 2023". www.news9live.com. 22 July 2023.
- ^ "10th Global Safety Summit concluded on 23 Dec 2022; nominations open for International Safety award 2023, London". www.forbesindia.com. 29 December 2022.
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This page was last edited on 8 April 2024, at 03:42