Surendranagar candidate declares Rs 514 cr wealth
Khimji Patadia Made His Riches In Realty, Jewellery Biz
Nayan Dave | TNN
April 10, 2009Rajkot: He is perhaps the wealthiest candidate in the fray for the Lok Sabha polls. Khimji Patadia, a Mumbai-based businessman, took everyone by surprise when he filed his nomination from Surendranagar. Patadia, 53, has declared assets worth Rs 514 crore, mainly in jewellery and real estate.
He surpasses the riches of candidates like Congress’s L Rajagopal from Vijayawada (Rs 299 crore), BSP’s Karan Singh Tanwar from South Delhi (Rs 150 crore) and SP’s Abu Azmi from Mumbai NW (Rs 122 crore).
Founder of a barely-known Krantikari Jaihind Sena, Patadia, a college drop-out who hails from Sanosara village in Surendranagar, made his riches after moving to Mumbai in late 70s.
A resident of Kandivali, Patadia is a promoter in Swastik group of companies, which has interests in construction and jewellery businesses. As per the affidavit, he has declared movable property worth Rs 255 crore and immovable property to the tune of 259 crore.
Apart from bank deposits, debentures and bonds, Patadia owns 1.5 kg gold and diamond jewellery worth Rs 250 crore. Besides, he owns oil paintings worth Rs 3 crore.
Patadia’s land holding is mainly in and around Mumbai and Thane. He also owns 40 acres of land in Gujarat, besides a flat in Kandivali.
“Netaji Subhash Chandra Bose is my idol. My party is against politics of caste, religion, language because it is destroying our nation,” says Patadia, whose party plans to field 30 candidates in Gujarat, Maharashtra, Andhra Pradesh and Uttar Pradesh.
“Our agenda is education to all and free electricity to farmers, besides free housing to poor and foodgrains at Rs 4 per kg,” he said.
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