Jupally Rameswar Rao (born 16 September 1955) is an Indian businessman. He is the founder-chairman of My Home Group, a

Hyderabad Hyderabad is the capital and largest city of the Indian state of Telangana. It occupies on the Deccan Plateau along the banks of the Musi River (India), Musi River, in the northern part of Southern India. With an average altitude of , much ...

-based company with a presence in real estate, cement, and power sectors. One of the brands of his company, Maha Cement has a reported annual revenue of ₹3,000

crore Crore (; abbreviated cr) denotes the quantity ten million (107) and is equal to 100 lakh in the Indian numbering system. In many international contexts, the decimal quantity is formatted as 10,000,000, but when used in the context of the India ...

. As per ''

Forbes ''Forbes'' () is an American business magazine founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The co ...

'' magazine, Rameswar Rao has a net worth of $3.2 billion, as of March 2024.

Early life

Rameswar Rao was not born into generational wealth , and had to struggle during his childhood often walking miles to attend his school, he wanted to become a homeopathy physician and studied for the same in

, through connections he made during his student days of being a student leader he opened his practice in Dilsukhnagar. On the advice of a friend he once invested ₹50000 to develop a plot of land and sold it three years later for ₹150000, realising the potential of undeveloped land he quit his homeopathy practice and ventured into real estate, eventually founding the My Home Group, which is today one of the largest real estate companies in India

Business career

In 1981, he established My Home Constructions Private Limited, which has an annual revenue of ₹650

as of November 2016. Rameswar Rao ventured into the cement business and started Maha Cement (My Home Industries Private Limited), which he later encashed by selling 50% to

CRH plc CRH plc is an international group of diversified building materials businesses whose headquarters is in Dublin, Ireland. It manufactures and supplies a wide range of products for the construction industry. The group was formed through a 1970 m ...

, an Irish company for ₹1429 crore in 2008. He bought the 3.2 million tonne cement plant Sree Jayajyothi Cements from Shriram Epc for ₹1,400 crore in 2013. Now the company has a 10-million tonne cement capacity, making Maha Cement one of the largest cement producers in

South India South India, also known as Southern India or Peninsular India, is the southern part of the Deccan Peninsula in India encompassing the states of Andhra Pradesh, Karnataka, Kerala, Tamil Nadu and Telangana as well as the union territories of ...

. net worth of

US$ The United States dollar (Currency symbol, symbol: Dollar sign, $; ISO 4217, currency code: USD) is the official currency of the United States and International use of the U.S. dollar, several other countries. The Coinage Act of 1792 introdu ...

2.5 billion, as of march 2024 according to ''

''. He made significant contributions to build the Statue of Equality in Shamshabad Hyderabad India, including donating land on which it was built.He is also the majority owner of the TV9 news network and part owner of the NTV news network owning about 12 percent of the channel

Recognition

In May 2017, he was awarded with

Lifetime Achievement Award Lifetime achievement awards are awarded by various organizations, to recognize contributions over the whole of a career, rather than or in addition to single contributions. Such awards, and organizations presenting them, include: A * A.C. ...

by M. Venkaiah Naidu, the Union Minister of Urban Development, Housing and Urban Poverty Alleviation at HMTV Business Excellence Awards - 2017. Rameswar Rao's company M/s My Home Constructions Pvt. Ltd received the esteemed safety awards at the Global Safety Summit International Awards & Conference in

London London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...

. He was honored for his exceptional contributions to health and safety, adding to his recent Lifetime Achievement Award. Developed and Upcoming Projects (Residential) .My Home Vihanga .My Home Mangala .My Home Krishe .My Home Sayuk .My Home Tarkshya .My Home Vippina .My Home Avali .My Home Grava .My Home 99 .My Home Tridasa .My Home Nishada .My Home Apas .My Home Raka And many more commercial and residential projects in both the twin Telugu states, including plans for a smart city.

References

1955 births Living people Indian businesspeople in cement Indian businesspeople in real estate Indian billionaires Indian philanthropists Businesspeople from Telangana People from Mahbubnagar district {{India-business-bio-stub