E-Paper
Tirupati temple’s assets include over 10 tonnes of gold, cash worth ₹15,938cr
The trust said the gold deposit in banks increased by 2.9 tonnes which was 7,339.74 tonnes in 2019.
The Tirumala Tirupati Devasthanam (TTD), the temple trust of the revered hill shrine in Andhra Pradesh, has released a list of its assets. According to the statement, it has cash deposits totaling ₹15,938 crore and 10.3 tonnes of gold worth more than ₹5,300 crore in nationalised banks.
TTD’s executive officer, AV Dharma Reddy, told Times of India in an interview that the net worth of the trust has touched ₹2.26 lakh crore. "TTD's investments in the form of fixed deposits in various banks in 2019 was ₹13,025 crore, which has now increased to ₹15,938 crore. In the last three years, the investment increased by ₹2,900 crore," Reddy told the publication.
The trust said the gold deposit in banks increased by 2.9 tonnes which was 7,339.74 tonnes in 2019.
A Livemint report says the trust refuted any social media reports that claimed the TTD chairman and board had chosen to invest excess funds in the Andhra Pradesh government's securities. The trust said that "investment guidelines have been strengthened since 2019".
In a press release, the TTD said, "Devotees of Srivari are requested not to believe such conspiratorial false propaganda. Cash and gold deposits made by TTD in various banks are done in a very transparent manner,"
According to reports, the temple's total assets are dispersed over 7,123 acres, or roughly 960 properties, across India. Donations from worshippers, businesses, and institutions provide the temple with funding.
The temple shrine famous for Lord Venkateshwara receives between 50,000 and 1 lakh visitors every day, according to the TTD official website. On Saturday, 82,604 devotees visited the shrine.
A number of business tycoons, movie stars and other well-known people are seen paying their obeisance at the temple.
