According to official sources, the Tirumala Tirupati Devasthanams (TTD), the organization in charge of the historic hilltop temple of Lord Venkateswara in Tirumala, owns assets worth more than Rs 2.5 lakh crore.
A brief about Tirupati temple’s assets worth over Rs 2.5 lakh crore declared by trust:
As the amount of cash and gold offerings made by worshippers at the hill temple rises and fixed deposits in banks provide more income as interest rates climb, TTD is getting wealthy and richer, as per the temple, officials said.
According to sources within the governing body, the approximate value of the assets controlled by Tirumala Tirupati Devasthanams nationwide may exceed Rs 2.5 lakh crore. This includes real estate, structures, money, and gold deposits made in banks as sacrifices by worshippers to the temple.
They claimed that placing a value on rare antique jewelry and real estates, such as cottages and guest houses on the seven hills to serve as amenities for devotees, could be deceptive. As a result, they concluded, these items should not be included in the estimated overall asset value. The expansive group of seven hills is considered Lord Venkateswara’s home and is held in high regard by followers.
As of September 30, 2022, the TTD’s fixed deposits with various PSU and private banks had increased from Rs 13,025 crore in June 2019 to Rs 15,938 crore, a record increase. 7.3 tonnes of gold were deposited by the Devasthanams in banks in 2019, and as of September 30, 2022, that amount had climbed to 10.25 tonnes.
The TTD forecasted about Rs 668 crore as income in the form of interest from cash deposits in banks in its around Rs 3,100 crore annual budget for 2022–23, which was presented in February. Additionally, some 2.5 crore worshippers projected in the hundi of the hill temple that they would bring in Rs 1,000 crore with financial offerings alone.
The 10.25 tonnes of gold that were recently deposited with the SBI and Indian Overseas Bank are earning a sizable sum for the TTD. About 9.8 tonnes of gold reserves are located in the SBI alone. The Tirumala Tirupati Devasthanams oversees numerous temples in Andhra Pradesh, Tamil Nadu, Telangana, Odisha, Haryana, Maharashtra, and New Delhi, and it owns over 900 immovable properties totaling more than 7,000 acres across the nation.