Rameswar Rao Jupally

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]

Rameswar Rao Jupally
Born (1955-09-16) 16 September 1955
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 encashed by selling 50% to CRH plc, an Irish company for ₹29 crore 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


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