According to sources the Heritage Food Company, which was founded by Chandrababu Naidu in 1992, has an annual turnover of Rs 2600 Crores. Meanwhile speaking at an event, Nara Lokesh iterated that Heritage Company is only source of income for the family. Further the assets declared by Lokesh reveal that his 2 years old son Devansh is wealthier than his father Chandrababu Naidu.
Meanwhile Chandrababu Naidu's wealth is worth 37 lakhs, his
debt was declared as 3.58 Crore. Apart from that, Naidu has a residence in
Hyderabad which is worth 4 Crores. Lokesh stated that his net holdings include
15.20 Crores whereas his wife Nara Brahmani's assets worth 15 Crores. Interestingly,
his son Devansh's net worth is 11.54 Crores and the richest among all Babu's
spouse and Heritage group MD Nara Bhuvaneshwari (25 Crores).
Moreover the minister of state also declared that 4 Crores as spending for reconstruction of their residence in Hyderabad. Other possessions include Provident fund of 30 lakhs, shares in Heritage group. As per his declaration, there is no change in his father Chandrababu's net assets.
