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Home India Tirumala Tirupati Devasthanams Declares 10.3 Tonnes of Gold, Total Assets Worth Rs...

Tirumala Tirupati Devasthanams Declares 10.3 Tonnes of Gold, Total Assets Worth Rs 2.26 Lakh Crore

TTD pegged the total worth of its assets at Rs 2.26 lakh crore. (File photo: PTI)

The trust denied social media reports that the TTD chairman and the board had decided to invest surplus funds in the Securities of the Andhra Pradesh government

The Tirumala Tirupati Devasthanams (TTD) on Saturday released a white paper and declared the list of its assets including fixed deposits and gold deposits. The temple trust said that it has 10.3 tonnes of gold deposits in nationalised banks worth more than Rs 5,300 crore. It has a cash deposit of Rs 15,938 crore, as per a Times of India report.

The TTD declared that the present trust board has strengthened its investment guidelines since 2019 and also denied social media reports that the TTD chairman and the board had decided to invest surplus funds in the Securities of the Andhra Pradesh government.

The trust said the surplus amounts are invested in scheduled banks. In a press release, TTD said (translated from Telugu): “Devotees of Srivari are requested not to believe such conspiratorial false propaganda. Cash and gold deposits made by TTD in various banks are done in a very transparent manner.”

TTD pegged the total worth of its assets at Rs 2.26 lakh crore. AV Dharma Reddy, TTD executive officer told the TOI that the net worth of the temple trust has gone up to Rs 2.26 lakh crore.

“TTD’s investments in the form of fixed deposits in various banks in 2019 was 13,025 crore, which has now increased to 15,938 crores. In the last three years, the investment increased by 2,900 crores,” said Reddy.

According to bank-wise investment shared by the trust, TTD has 7339.74 tons of gold deposit in 2019 and 2.9 tons were added in the last three years. TOI also reported that the temple assets include 960 properties spread over 7,123 acres across India.

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