Archive · 24 Aug 2025
Naidu's Wealth Tops ADR List, Tied to Heritage Foods
The leader of Andhra Pradesh, Mr. Naidu, is the richest among other leaders, and much of his money comes from a company called Heritage Foods.
It started with a small amount of money a long time ago.
Now, it's a big company selling dairy products.
The company has grown a lot since it began.
It shows how a business can start small and become very successful.
Heritage has stated that they have always run an ethical business and never asked for any special treatments from the government to help them succeed.
Andhra Pradesh CM Chandrababu Naidu tops the ADR list with approximately Rs 931 crore in declared wealth.
Most of Naidu's wealth is linked to his family's stake in Heritage Foods, a dairy retail company.
Heritage Foods was founded in 1992 with a paid-up capital of Rs 7,000 and went public in 1994.
The company's market capitalization reached a peak of Rs 6,755 crore in June 2024.
Heritage Foods operates in 17 states and is associated with nearly three lakh dairy farmers.
- Who
- Indian Chief Ministers, particularly Chandrababu Naidu and his family.
- What
- ADR report highlights wealth disparities among Indian Chief Ministers, with Chandrababu Naidu at the top.
- When
- Based on affidavits filed before the last assembly elections.
- Where
- Focus on Andhra Pradesh and Heritage Foods operations.
- Why
- To highlight the financial backgrounds of political leaders.
Company Profile
Company Profile
Business Operation
Company Profile
Heritage Foods officials say that the firm is a pure-play dairy business and not linked to sectors like infrastructure that often benefit from state support.
Company Profile
Not stated.
- Company
- Heritage Foods
- Founder
- Chandrababu Naidu
- Founded
- 1992
- Initial Capital
- Rs 7,000
- Market Cap (peak)
- Rs 6,755 crore (June 2024)
- States Present
- 17
