Rameswar Rao Jupally

Dr. Rameswar Rao Jupally (born 16 September 1955) is an Indian businessman and founder-chairman of My Home Group of Companies, Hyderabad, Telangana based real estate company,[1][2][3] valued $1 billion with a presence in realty, cement, and power, founded in 1986.[4] One of the brands of his company, Maha Cement has an annual turnover of ₹3,000 crore, reportedly by The Times of India.[1]

Dr. Rameswar Rao Jupally
Born (1955-09-16) 16 September 1955
Kudikilla, Mahbubnagar, Telangana
NationalityIndian
Occupation
  • Founder & chairman of My Home Group of Companies

    Managing director of Maha Cement

    Chairman of TV9 Telugu channel
Net worthUS$1 billion (2018)
Spouse(s)Sri Kumari
Children4

Early life

He was a homeopathy doctor by profession before entering to the business.[1]

Business career

In 1981, he established My Home Constructions Private Limited, that has a turnover of ₹650 crore (as of November 2016). My Home constructions has built projects of 7.5 million sft area, 16 million sft under construction and tens of millions sft under planning stage. Jupally ventured into cement business and started Maha Cement (My Home Industries Private Limited), which later he en cashed by selling 50% to CRH plc, an Irish company for ₹290 million in 2008.[5][4] He bought the 3.2 million tonne cement plant Sree Jayajyothi Cements from Shriram Epc for ₹1,400 crore in 2013.[6] Now the company has 10-million tonne cement [7] capacity, making Maha Cement one of the largest cement producers in South India. 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.[8]

Personal life

He is follower of Chinna Jeeyar swamy.[9][10]

References
  1. Sengupta, Sudipta (5 March 2015). "From homeopathy to building homes". The Times of India.
  2. "Furore at GAME park event". The Hindu. 9 January 2014.
  3. "No irregularities in MyHome Constructions: CM K Chandrasekhar Rao". Deccan Chronicle. 21 November 2014.
  4. "Where The Rich Are Investing 2016". Outlook Business. 11 November 2016.
  5. "Cement firm My Home to consolidate all existing products under 'MAHA Cement' brand". The Economic Times. 25 November 2016.
  6. Pandita, Ruchi (26 July 2016). "My Home group, plans to set up a Rs 500 crore equity fund to invest in startups". Knowstartup.com.
  7. "Big Post to KCR's Best Friend?". Gulte.com. 9 February 2017.
  8. "Biz boost to build wealth". The Hans India. 7 May 2017.
  9. "KCR's 'Right Hand' Meets Chandrababu!". Greatandhra.com. 3 December 2015.
  10. "ఘనంగా రామేశ్వర్ రావు షష్టిపూర్తి" (in Telugu). Sakshi. 17 September 2015.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.