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Rameswar Rao Jupally: Difference between revisions
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{{Use dmy dates|date=July 2019}} | {{Short description|Indian businessman}}{{Use dmy dates|date=July 2019}} | ||
{{Infobox person | {{Infobox person | ||
| name =Rameswar Rao Jupally | | name =Rameswar Rao Jupally | ||
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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.<ref>{{cite news|title=Cement firm My Home to consolidate all existing products under 'MAHA Cement' brand|url=http://realty.economictimes.indiatimes.com/news/allied-industries/cement-firm-my-home-to-consolidate-all-existing-products-under-maha-cement-brand/55618895|publisher=[[The Economic Times]]|date=November 25, 2016}}</ref><ref name="outlook">{{cite news|title=Where The Rich Are Investing 2016|url=https://www.outlookbusiness.com/specials/where-the-rich-are-investing_2016/rameswar-rao-jupally-3193|publisher=[[Outlook (Indian magazine)|Outlook Business]]|date=November 11, 2016}}</ref> He bought the 3.2 million tonne cement plant Sree Jayajyothi Cements from [[Shriram Group|Shriram Epc]] for ₹1,400 crore in 2013.<ref>{{cite news|last1=Pandita|first1=Ruchi|title=My Home group, plans to set up a Rs 500 crore equity fund to invest in startups|url=http://knowstartup.com/2016/07/my-home-group/|publisher=Knowstartup.com|date=July 26, 2016}}</ref> Now the company has 10-million tonne cement <ref>{{cite news|title=Big Post to KCR's Best Friend?|url=http://www.gulte.com/news/55747/Big-Post-to-KCRs-Best-Friend|publisher=Gulte.com|date=February 9, 2017}}</ref> 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 [[Ministry of Urban Development|Union Minister of Urban Development]], [[Ministry of Housing and Urban Poverty Alleviation|Housing and Urban Poverty Alleviation]] at [http://bea.hmtvlive.com/gallery/bea-2017/ HMTV Business Excellence Awards-2017].<ref>{{cite news|title=Biz boost to build wealth|url=http://www.thehansindia.com/posts/index/Telangana/2017-05-07/Biz-boost-to-build-wealth/298258|publisher=[[The Hans India]]|date=May 7, 2017}}</ref> | 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.<ref>{{cite news|title=Cement firm My Home to consolidate all existing products under 'MAHA Cement' brand|url=http://realty.economictimes.indiatimes.com/news/allied-industries/cement-firm-my-home-to-consolidate-all-existing-products-under-maha-cement-brand/55618895|publisher=[[The Economic Times]]|date=November 25, 2016}}</ref><ref name="outlook">{{cite news|title=Where The Rich Are Investing 2016|url=https://www.outlookbusiness.com/specials/where-the-rich-are-investing_2016/rameswar-rao-jupally-3193|publisher=[[Outlook (Indian magazine)|Outlook Business]]|date=November 11, 2016}}</ref> He bought the 3.2 million tonne cement plant Sree Jayajyothi Cements from [[Shriram Group|Shriram Epc]] for ₹1,400 crore in 2013.<ref>{{cite news|last1=Pandita|first1=Ruchi|title=My Home group, plans to set up a Rs 500 crore equity fund to invest in startups|url=http://knowstartup.com/2016/07/my-home-group/|publisher=Knowstartup.com|date=July 26, 2016}}</ref> Now the company has 10-million tonne cement <ref>{{cite news|title=Big Post to KCR's Best Friend?|url=http://www.gulte.com/news/55747/Big-Post-to-KCRs-Best-Friend|publisher=Gulte.com|date=February 9, 2017}}</ref> 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 [[Ministry of Urban Development|Union Minister of Urban Development]], [[Ministry of Housing and Urban Poverty Alleviation|Housing and Urban Poverty Alleviation]] at [http://bea.hmtvlive.com/gallery/bea-2017/ HMTV Business Excellence Awards-2017].<ref>{{cite news|title=Biz boost to build wealth|url=http://www.thehansindia.com/posts/index/Telangana/2017-05-07/Biz-boost-to-build-wealth/298258|publisher=[[The Hans India]]|date=May 7, 2017}}</ref> | ||
.<ref>{{cite news|title=KCR's 'Right Hand' Meets Chandrababu!|url=http://www.greatandhra.com/politics/gossip/kcrs-right-hand-meets-chandrababu-70956.html|publisher=Greatandhra.com|date=December 3, 2015}}</ref><ref>{{cite news|title=ఘనంగా రామేశ్వర్ రావు షష్టిపూర్తి|url=http://www.sakshi.com/news/top-news/dr-jupally-rameshwar-rao-shashti-poorthi-celebrations-in-cm-kcr-ys-jagan-277021|publisher=[[Sakshi (newspaper)|Sakshi]]|date=September 17, 2015|language=Telugu}}</ref> | |||
==References== | ==References== | ||