Tirupati Balaji Temple in Andhra Pradesh declared its property for the first time. The total assets of the temple is Rs 2.26 lakh crore. In this, gold worth Rs 5600 crores and cash worth Rs 15,938 crores is deposited in banks.
Tirupati temple hence stays richer than Wipro, ONGC and Nestle.
Temple’s net worth is more than food beverage company Nestle. The market cap of Nestle India is Rs 1.96 lakh crore.
The market cap of ONGC, Indian Oil Corp., Mahindra & Mahindra, Tata Motors, Coal India, Vedanta and DLF is also less than Temple’s assets. There are 12 companies in the country whose market cap is more than the net worth of Mandir Trust. These include Reliance Industries Limited, Tata Consultancy Services, HDFC Bank, Infosys, ICICI Bank, Hindustan Unilever Limited, SBI, Airtel and ITC.