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The city’s billionaire club

DECCAN CHRONICLE. | SWATI SHARMA
Published May 28, 2019, 12:00 am IST
Updated May 28, 2019, 12:25 am IST
The company has a pan-India presence and also overseas projects in USA, Europe, Zambia, Tanzania, Bangladesh and Kuwait.
PV Krishna Reddy
 PV Krishna Reddy

They are rich, successful and self-made, but not by accident or luck. Rather, they all believe that being rich and successful requires hard work and dedication. As Aristotle said,

“We are what we repeatedly do. Excellence, then, is not an act, but a habit.”

 

It comes as no surprise then that Barclays Hurun India Rich List 2018, which ranked 831 individuals from across India by their net worth, features quite a few Telugus from both

P P REDDYP P REDDY

the states. Among them are Aurobindo Pharma’s P.V. Ramaprasad, who topped the list with Rs 13,600 crore followed by Pitchi Reddy, the Chairman of Megha Engineering and

Infrastructure Limited (MEIL) with Rs 13,000 crore and Hetero’s CMD Dr Bandi Parthasaradhi Reddy with a net worth of Rs 12,800 crore respectively.

The list also features P.V. Krishna Reddy of Megha Infra with a net worth of Rs 12,400 crore and new entrant V.C. Nannapaneni of Natco Pharma with a net worth of 9,800 crore.

Meanwhile, Hetero Director Bandi Vamsi Krishna with Rs 7,800 crore and Divis Laboratories' Neelima Motaparthi and Divi Sachandra Kiran rank at the seventh and eighth spots,

with Rs 6,800 crore and Rs 5,800 crore net worth respectively.

M. Satyanarayana Reddy of MSN Labs has also made it to the list with a net worth of Rs 5,000 crore along with Apollo Chairman Pratap C. Reddy, while Mandava Prabhakar Rao

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of Nuziveedu Seeds and Ramchandra Galla of Amara Raja Batteries (Rs 4,100 crore) share the tenth rank.

Significantly, Mahima Datla, Managing Director of Biological E Limited and member of the Life Sciences Advisory Committee formed by the Government of Telangana, has been

listed as one of the richest women in India by the Hurun Global Rich List 2018.

‘Gave the company everything he had’

The founder of Megha Engineering Enterprises and Chairman of Megha Engineering and Infrastructure Limited (MEIL), Pitchi Reddy, and his nephew, P. V. Krishna Reddy, who joined him in 1991 as the Managing Director of the $2.6 billion company together handle large-scale projects such as dams, natural gas distribution networks, power plants and roads. The company has a pan-India presence and also overseas projects in USA, Europe, Zambia, Tanzania, Bangladesh and Kuwait.

“There’s no shortcut to success. My uncle worked his way up the ladder with smart decision-making and a willingness to give the company everything he had. His thoughts are very futuristic and this is no surprise to us. Yet he is so chilled out and full of life,” says Sudha Reddy, wife of billionaire businessman Megha Krishna Reddy.

Always trying to push the boundaries Focused on his mission

Dr Ramachandra N. Galla, the patriarch of an illustrious business family of Andhra Pradesh, has established a name for himself by successfully setting up Amara Raja Batteries. His principle aim is to improve the quality of life by building institutions that provide access to better opportunities, goods and services to people all the time. Son Jayadev Galla, TD MP, shares his worldview and adds, “We don’t really bother about rankings in rich lists. How my father earned his wealth and how he is sharing that wealth with society is more important. He lives a very humble life and remains focused on his mission of creating better opportunities for more people. We are proud of his achievements.”

With a dedicated and experienced workforce of 2,000, the organisational environment at MSN integrates multiple disciplines and functions by exhaustive communication of goals and objectives through technology and values of integrity, imagination and innovation under the leadership of Dr M. Satyanarayana Reddy of MSN Labs, who founded the pharma company 20 years ago. “It takes a lot of hard work to be where we are — always trying to push the boundaries. It has paid off, and today we are at No. 9, next year we will try to be above that,” says Dr Reddy.

Mahima Datla, Managing Director of Biological E Limited and member of the Life Sciences Advisory Committee formed by the Government of Telangana, has been listed as one of the richest women in India by the Hurun Global Rich List 2018.

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