After founding a small company with only two individuals 34 years ago, PP Reddy now possesses a net worth exceeding Rs 17,000 crore.
PP Reddy is one of the successful self-made Indian billionaires who is known for his flamboyant yet humble personality. He acknowledges that the success of his venture is a result of a collective effort, despite residing in a lavish diamond-shaped house. In 1989, he started a small business with only two people, and today he is the Chairman of Megha Engineering and Infrastructure Limited (MEIL), a company worth Rs 26,700 crore.
PP Reddy is one of the successful self-made Indian billionaires who is known for his flamboyant yet humble personality. He acknowledges that the success of his venture is a result of a collective effort, despite residing in a lavish diamond-shaped house. In 1989, he started a small business with only two people, and today he is the Chairman of Megha Engineering and Infrastructure Limited (MEIL), a company worth Rs 26,700 crore.
Reddy founded Megha Engineering Enterprises which started by constructing small pipes for municipalities, but today the company has expanded to developing massive infrastructure projects such as roads, dams, natural gas distribution networks, and lift irrigation projects. Currently, his company is constructing the largest lift irrigation project in India called Kaleshwaram, which aims to supply 5.7 crore cubic meters of water daily to drought-prone areas of Telangana from the Godavari River.
The project is estimated to cost a whopping $14 billion, and Reddy has compared it to “moving a river.” Despite the success, Reddy remains humble and acknowledges that the achievements of his venture are the result of collective efforts. As of now, he is the Chairman of Megha Engineering and Infrastructure Limited (MEIL), which has a net worth of Rs 26,700 crore.
According to Burgundy Private Hurun India 500, MEIL is one of India’s top 10 most valuable companies that started without any external funding, with a valuation of Rs 26,700 crore. PP Reddy, who began the small venture 34 years ago, now has a net worth of over Rs 17,220 crore ($2.1 billion), as per Forbes’ real-time rich list.
Starting from a humble background in a family of farmers, Reddy has come a long way and now owns his own personal golf course. He is also the owner of a palatial residence, which is a modern-day landmark in Hyderabad due to its unique design that resembles a sparkling diamond. Reddy believes that building trust is crucial for growth in life, and he advises people to work hard to earn the trust of others and maintain it once they have it.
