According to official sources, the governing body of the ancient temple of Lord Venkathanams at Tirumala owns an asset of over INR 2.5 lakh crore.
Surprisingly, temples’ net worth compared to a few top-notch service companies is greater than the market capitalisation of IT service companies such as Wipro. Moreover, the asset’s worth is even more than the Indian Oil Corporation(IOC), Oil and Natural Gas Corporation (ONGC) and FMCG giant Nestle.
The reason why the asset of the temple is increasing in leaps and bounds is the offering made by the devotees at the Tirupati Temple. The offering is primarily made with cash and gold, Moreover, the temple claims the net value of the fixed deposits in the bank is increasing and generating more income by the interest rates.
The governing body sources disclosed that the raw data of the asset’s value owned by the Tirumala Tirupati Devasthanams might account for more than INR 2.5 lakh crore. The asset owned by the Tirupati Temple by the offering made by the devotees includes cash, gold, buildings, land parcels and so on.
see also – Konark Sun Temple – Overview, History, Architecture and Design
The fixed deposit of Tirumala Tirupati Devasthanams with Public Service Undertaking and private banks has witnessed a record surge. As on September 30, 2022, it is estimated as it crossed INR 15,938 crore, which was INR 13,025 crore in June 2019. Moreover, there was an instantaneous increase in the Tirupati Temple’s gold deposit in banks from 7.3 tonnes to 10.25 tonnes in 2019 to 10.25, respectively.
In addition, talking about the INR 3,100 core annual budget of 2022-23, the Tirumala Tirupati Devasthanams has projects over INR 668 crore as income alone from the interest of the cash offering of the temple. Furthermore, According to the reports, it was predicted that INR 1,000 crore would be received by the cash offering of 2.5 crore devotees alone. Not only by the cash deposit, but the temple is also getting a decent sum of income from SBI and Indian Overseas Bank on the total 10.25 tonnes of gold deposit. Regarding immovable properties, Tirumala Tirupati Devasthanams has over 900 immovable properties that measure over 7,00 acres across India. The Tirumala Tirupati Devasthanams administrates over multiple temples in Tamil Nadu, Odisha, Andhra Pradesh, Telangana, Maharashtra, New Delhi and Haryana.
