Jupally Rameswar Rao
Jupally Rameswar Rao | |
|---|---|
| Born | September 16, 1955 Hyderabad, India |
| Occupation | Entrepreneur |
| Known for | Founding chairman of My Home Group |
Jupally Rameswar Rao (born 16 September 1955) is an Indian entrepreneur and the founding chairman of My Home Group, a Hyderabad-based diversified conglomerate with interests in real estate, cement manufacturing, and power generation. One of the group’s key brands, Maha Cement, generates an annual turnover of ₹3,000 crore. As per Forbes' assessment in March 2024, his net worth stands at $3.2 billion.
Early life
Rameswar Rao was born without inherited wealth and initially pursued studies in homeopathy in Hyderabad. He started a homeopathic clinic in Dilsukhnagar. After purchasing undeveloped land for ₹50,000 and later selling it for ₹150,000, he identified the lucrative potential of real estate. This insight led him to establish My Home Group, which has since become a prominent player in India’s real estate sector.
Business career
In 1981, he launched My Home Constructions Private Limited, which by 2016 was generating revenues of ₹650 crore annually.
Diversifying into the cement industry, he introduced Maha Cement under My Home Industries Private Limited and in 2008 sold half of its equity to the Irish company CRH plc for ₹1,429 crore. In 2013, he purchased the Sree Jayajyothi Cements plant from Shriram Epc for ₹1,400 crore; this facility has a production capacity of 3.2 million tonnes. Combined with other assets, Maha Cement has a total capacity of 10 million tonnes, placing it among the largest cement producers in South India.
Rameswar Rao also donated land for the construction of the Statue of Equality located in Shamshabad, Hyderabad. He holds a controlling stake in the TV9 Telugu news channel and owns nearly 12% of NTV.
Recognition
In May 2017, he was honored with the Lifetime Achievement Award by M. Venkaiah Naidu, then Union Minister for Urban Development and Housing, at the HMTV Business Excellence Awards.
His company, M/s My Home Constructions Pvt. Ltd., received distinguished safety accolades at the Global Safety Summit International Awards & Conference held in London, acknowledging his outstanding commitment to health and safety alongside his Lifetime Achievement recognition.
Ongoing and Upcoming Residential Projects
.My Home Vihanga .My Home Mangala .My Home Krishe .My Home Sayuk .My Home Tarkshya .My Home Vippina .My Home Avali .My Home Grava .My Home 99 .My Home Tridasa .My Home Nishada .My Home Apas .My Home Raka
The group is also progressing with several commercial and residential developments throughout the twin Telugu states, including plans focused on smart city initiatives.