Nara Lokesh’s Wealth Increases by 45% in 5 Years, Now Valued at Rs 542 Crore.

Mr. Lokesh, the Telugu Desam Party (TDP) MLA candidate for the Mangalagiri Assembly constituency, has submitted an affidavit revealing that the total value of his assets, including those of his wife and dependent son, amounts to Rs 542 crore, which marks an increase of Rs 169 crore from 2019. There are 24 criminal cases registered against the 41-year-old Nara Lokesh, with one of them being related to the Amaravati Inner Road (IRR) scam. His movable assets, including shares in companies like Heritage Foods, Heritage Finlease, Nirvana Holdings, and Megabid Finance, are valued at Rs 394 crore.

Additionally, the immovable assets such as properties located in Hyderabad’s Jubilee Hills, Manikonda, Madinaguda, and Madhapur have a combined value of Rs 148 crore. In the financial year 2022-2023, the revenue of Mr. Lokesh and his family from company earnings, dividends, wages, and rentals amounted to Rs 9 crore, while their total obligations stood at Rs 18 crore. Mr. Lokesh, an alumnus of Stanford University with an MBA, declares himself as a politician engaged in social service.

The upcoming elections for the 175-member Assembly and 25 Lok Sabha seats in Andhra Pradesh are scheduled to take place on May 13.