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The business interests of Y.S. Vijayalakshmi Reddy

LiveMint logoLiveMint 14-05-2014 Aman Malik

New Delhi: Y.S. Vijayalakshmi Reddy, wife of former Andhra Pradesh chief minister Y.S.R. Reddy and mother of sitting Lok Sabha member Y.S. Jaganmohan Reddy, is contesting from the Visakhapatnam constituency in Andhra Pradesh (Seemandhra) on a Yuvajana Sramika Rythu Congress (YSR Congress) ticket.

While Vijayalakshmi herself has a stake in just one company, Saraswati Power and Industries Pvt. Ltd, her son and daughter-in-law Y.S. Bharati Reddy have stakes in several companies that operate in cement, real estate, power, infrastructure and media sectors.

These companies include Bharathi Cement Corp. Pvt. Ltd, Classic Realty Pvt. Ltd, Marvel Infrastructure Pvt. Ltd, Silicon Infrastructure Pvt. Ltd and Silicon Builders Pvt. Ltd, among others.

Several of these are holding companies that, in turn, have cross-holdings among themselves and with other group companies including Jagati Publications Ltd, Indira Television Ltd, Revan Infra Pvt. Ltd, Rudh Infra Pvt. Ltd and Utopia Infrastructure Pvt. Ltd.

Vijayalakshmi did not respond to a detailed questionnaire e-mailed to her party’s officially listed e-mail address. Neither she nor her son has any publicly listed e-mail address. Mint could not establish the exact nature of businesses transacted by these companies.

The Holdings

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