Net worth of tirupati balaji temple

Tirupati Balaji temple or Venkateshwara Swamy temple is one of the most popular cultural destinations in India. Located on the seventh peak of the Tirumala Hills in Tirupati, Andhra Pradesh, the temple is dedicated to the incarnation of Vishnu, Venkateshwara, and is also called as ‘Temple of Seven Hills.’ Venkateshwara is also known as Srinivasa, Govinda and Balaji. Tirupati Balaji temple is the world’s richest temple because of the amount of donation it receives from the pilgrims. As per the mythology, a loan of one crore and 11.4 million gold coins was sought by Balaji from Kubera for his marriage with Padmavathi. To pay back the loan, devotees from all over India visit the temple and donate money. The temple receives as much as Rs 22.5 million in a day as donation! Gold is offered as a token of love for the god. In April 2010, 3,000 kg of gold was deposited with SBI bank by the temple. Around 50,000 to 100,000 devotees visit the temple daily and during festivals or special days, the number of devotees increases up to 500,000. The temple is the most visited religious place. Photograph Courtesy: Mokku’, at the temple as an offering to the god. According to a story, a shepherd hit Balaji on his head and a small part of Balaji’s head became bald. A Gandharva princess, Neela Devi, noticed this and thought that an attractive face like his should not have any flaw. So she cut a portion of her hair and implanted it on Balaji’s head with her magical power. He was touched by her ...

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. Bengaluru-based Wipro had a market cap of Rs 2.14 lakh crore at close of trading on Friday, while UltraTech Cement had a market value of Rs 1.99 lakh crore. Swiss multinational food and drink major Nestle's India unit, with a market cap of Rs 1.96 lakh crore, too was valued below it. State-owned oil behemoths Oil and Natural Gas Corporation (ONGC) and Indian Oil Corporation (IOC) too were valued less than the temple trust and so was power giant NTPC Ltd, auto makers Mahindra and Mahindra and Tata Motors, world's largest coal producer Coal India Ltd, mining conglomerate Vedanta, real estate firm DLF and several others. Only about two dozen companies have market valuation larger than the temple trust's networth. These include billio...

Tirumala Tirupati Devasthanams, the temple trust dedicated to Tirupati's presiding deity, declared its net worth for the first time. Tirupati's world-famous Lord Venkateswara temple has a net worth of a whopping Rs 2.5 lakh crore, higher than the market cap of several blue chip companies. Where does this money come from? Here is an explainer.

Richest Temples in India India is a cultural heritage place with ancient sculptures and high diversity. The ancient temples and sculpture buildings are one of the top tourist interactions in India. There are approximately 500,000 temples in different states of India. These temples welcome lakhs of tourists throughout the year. Not just Indian people but foreigners have immense faith and trust in ancient temples. Most devotees and travelers visit these temples for spiritual expectations and religious values. The temples are not only rich in culture but also wealthier. The net worth of these temples is in the millions and billions. Here are the top 10 richest temples in India that are beautifully designed and have immense wealth. Let's dive in to know. Top 10 Richest Temples in India Tirumala Tirupati Venkateswara Temple Tirupati, Andhra Pradesh Shri Padmanabhaswamy Temple Thiruvananthapuram, Kerala Siddhivinayak Temple Mumbai, Maharashtra Shirdi Sai Baba Temple Shirdi, Maharashtra Golden Temple Amritsar, Punjab Meenakshi Temple Madurai, Tamil Nadu Guruvayur Temple Guruvayur, Kerala Somnath Temple Veraval (Somnath), Gujarat Vaishno Devi Temple Katra, Jammu & Kashmir Swaminarayan Akshardham Temple Noida Mor, New Delhi Tirumala Tirupati Venkateswara Temple - 1 stRichest Templein India This temple was built in the 8 th century in Tirumala, Andhra Pradesh. People and several kings have worshiped the Lord Srinivasa, Venkateswara, and Balaji. The temple has been designed in Dravid...

Swiss multinational food and drink major Nestle's India unit, with a market cap of Rs 1.96 lakh crore, too was valued below it. State-owned oil behemoths Oil and Natural Gas Corporation (ONGC) and Indian Oil Corporation (IOC) too were valued less than the temple trust and so was power giant NTPC Ltd, auto makers Mahindra and Mahindra and Tata Motors, world's largest coal producer Coal India Ltd, mining conglomerate Vedanta, real estate firm DLF and several others. Only about two dozen companies have market valuation larger than the temple trust's networth. These include billionaire Mukesh Ambani's Reliance Industries Ltd (Rs 17.53 lakh crore), Tata Consultancy Services (Rs 11.76 lakh crore), HDFC Bank (Rs 8.34 lakh crore), Infosys (Rs 6.37 lakh crore), ICICI Bank (Rs 6.31 lakh crore), Hindustan Unilever Ltd (Rs 5.92 lakh crore), State Bank of India (Rs 5.29 lakh crore), Bharti Airtel (Rs 4.54 lakh crore) and ITC (Rs 4.38 lakh crore). Tirumala Tirupati Devasthanams (TTD) is growing richer and richer as the cash and gold offerings made by devotees at the hill temple continue to rise and fixed deposits in banks are also generating more income in view of increase in interest rates, a temple official said. The assets owned by TTD include land parcels, buildings, cash and gold deposits in the banks, given as offerings to the temple by devotees. Assigning a value to priceless antique jewellery and properties including cottages and guest houses on the seven hills to provide amenit...

Documents released by Hindu temple conglomerate The Times of India reported. The conglomerate released a white paper on Saturday detailing its investments and deposits . The Devasthanams’ net worth is more than the market capitalisation of several major Indian firms, including information technology company Wipro and cement major UltraTech, PTI reported. At the close of trading on Friday, Wipro had a market capitalisation of Rs 2.14 lakh crore, while the figure for UltraTech Cement was 1.99 lakh crore. The temple conglomerate’s net worth is also more than several state-owned firms such as the Oil and Natural Gas Corporation and NTPC Limited. Tirumala Tirupati Devasthanams Executive Officer AV Dharma Reddy said that in the past three years, bank fixed deposit investments of the conglomerate have increased by Rs 2,900 crore. “Investments in the form of fixed deposits at various nationalised banks in 2019 were Rs 13,025 crore,” he said, according to The Times of India. “Despite the challenges of the Covid-19 pandemic, [the] trust’s investments in bank FDs have gone up to Rs 15,938 crore as on September this year.” Reddy said that during the pandemic, some “vested interests” had questioned whether the organisation could pay employees’ salaries without withdrawing money from its fixed deposits. “But today, we have managed to add Rs 2,900 crore to our fixed deposits after comfortably paying off salaries and after meeting all our expenditures, which goes on to showcase the strong...

The rough value of assets owned by the Tirumala Tirupati Devasthanams across the country could be over Rs 2.5 lakh crore, sources in the governing body told the news agency. This comprises land parcels, buildings, cash and gold deposits in the banks, given as offerings to the temple by devotees. However, the aforementioned value does not include priceless antique jewellery and properties including cottages and guest houses on the seven hills. In its about Rs 3,100 crore annual budget for 2022-23 presented in February, the TTD has projected over Rs 668 crore as income in the form of interests from cash deposits in banks. Also, Rs 1,000 crore income was predicted in the form of cash offerings alone --by about 2.5 crore devotees-- in the hundi of the hill temple. The TTD is getting a good sum as income on the 10.25 tonnes of gold deposited recently with the SBI and Indian Overseas Bank. The SBI alone has about 9.8 tonnes of gold deposits. The Tirumala Tirupati Devasthanams has over 900 immovable properties measuring well over 7,000 acres across the country and it administers a large number of temples in Andhra Pradesh, Tamil Nadu, Telangana, Odisha, Haryana, Maharashtra and New Delhi, the report stated.