YS Bharathi Reddy is a prominent businesswoman and philanthropist in India.
She is a director of Bharathi Cement Corporation Private Limited and Sakshi Media Group, one of the leading companies in their respective fields.
She is also the wife of Andhra Pradesh Chief Minister YS Jagan Mohan Reddy and daughter-in-law of late Chief Minister YS Rajasekhara Reddy.
File
- Full Name: Yeduguri Sandinti Bharathi Reddy
- Date of birth: November 17, 1974
- Age: 50 years old
- Gender: Female
- Place of Birth: Pulivendula, Andhra Pradesh, India
- Nationality: Indian
- Occupation: Director of Bharathi Cement Ltd and Sakshi Media Group
- Height: 5 feet 6 inches
- Parents: Dr. EC Gangi Reddy (father) and Mrs. Gangi Reddy (mother)
- Siblings: None
- Spouse: YS Jagan Mohan Reddy (married 1996)
- Children: Harsha Reddy (daughter) and Varsha Reddy (daughter)
- Relationship status: Married
- Net worth: $5 million
Early life and education
YS Bharathi Reddy was born on 17 November 1974 in Pulivendula, a town in Kadapa district, Andhra Pradesh.
She is the only child of Dr. EC Gangi Reddy, a renowned pediatrician and philanthropist, and Mrs. Gangi Reddy, a homemaker. She belongs to the Reddy community, a dominant caste in the state.
She grew up in a well-off family with quality education and health care. She attended the Montessori Public School in Pulivendula where she excelled in academics and extracurricular activities.
She developed a passion for reading and literature from a young age, and was inspired by the works of Rabindranath Tagore, Mahatma Gandhi and Swami Vivekananda. She is now 50 years old.
She completed her intermediate education from Sri Chaitanya College in Hyderabad and then pursued her studies in business administration from the University of Hyderabad.
She graduated with honors and was awarded a gold medal for her academic achievements.
Personal life
YS Bharathi Reddy married YS Jagan Mohan Reddy, son of late YS Rajasekhara Reddy, then member of parliament from Kadapa in 1996.
After knowing each other for a few years, the couple had a love marriage. They met through a mutual friend and fell in love despite their different backgrounds and personalities.
Bharathi is a quiet and reserved person, while Jagan is an active and ambitious politician. They had a simple wedding ceremony attended by close relatives and friends.
They have two daughters, Harsha Reddy and Varsha Reddy, both of whom are studying abroad.
Bharathi is a devoted wife and mother, supporting her husband in his political career and taking care of the family.
She is also a devout Hindu, following the rituals and traditions of her faith. She lives in Hyderabad, the capital of Telangana, where she owns a luxurious bungalow.
Career
YS Bharathi Reddy is a successful businessman and media personality who has made his mark in the cement industry and journalism.
She is a director of Bharathi Cement Corporation Private Limited, one of India’s largest cement manufacturers, with an annual capacity of 14.75 million tonnes.
She is also the director of Sakshi Media Group, which owns Sakshi TV, a popular Telugu news channel, and Sakshi, a widely circulated daily Telugu newspaper.
She oversees the operations and management of both companies, ensuring their growth and profitability. She is also involved in the editorial and creative aspects of the communications team and contributes to the content and design of the newspaper and channel.
She is also a philanthropist who has initiated and supported many social and charitable activities through the YSR Foundation, established in memory of her father-in-law, the late YS Rajasekhara Reddy.
The fund works in the fields of education, health, women’s empowerment, rural development and environmental protection.
The organization provides scholarships, medical aid, vocational training and livelihood opportunities to the poor and needy.
The foundation also organizes awareness campaigns, blood donation camps and relief operations during natural disasters. Bharathi is the chairperson of the foundation and personally oversees its activities and projects.
Argumentative
YS Bharathi Reddy has been involved in many controversies and legal troubles in his career and personal life.
Some of them are:
She was accused by the Central Bureau of Investigation (CBI) of being involved in illegal mining and export of iron ore from Karnataka and Andhra Pradesh, along with her husband and his associates in 2011.
She was named as an accused in the charge sheet filed by the CBI and was summoned for questioning. She denied any wrongdoing and claimed that she was being targeted for political reasons.
She was also booked by the Enforcement Directorate (ED) in connection with the money laundering and disproportionate assets case against her husband in 2012.
She is accused of receiving and transferring huge amounts of money from various sources, violating the Foreign Exchange Management Act (FEMA) and the Prevention of Money Laundering Act (PMLA).
She is also accused of purchasing and owning a number of properties and assets disproportionate to her known source of income.
She was sent notices and summons by ED and was required to appear in court. She challenged the notices and summons in court and sought to escape the proceedings.
She was also booked by the CBI and ED in connection with the investment backdoor case against her husband in 2013.
She is accused of receiving and investing money from various companies and individuals who were favoured and benefited by her husband when he was the commerce and industry minister in the central government and later the chief minister of Andhra Pradesh.
She is accused of using her companies, Bharathi Cement and Sakshi Media, as intermediaries for the transactions.
She was named as an accused in the supplementary charge sheet filed by the CBI and attached by the ED under the PMLA. She denied any involvement and claimed that she was being harassed and mistreated by the agencies.
She was recently granted permission by the Supreme Court of India to replace some of the assets that ED had frozen with fixed deposits by 2023.
She had filed a petition in the high court, seeking permission to do so as the lockdown was causing her financial hardship and affecting her business. The court accepted her request and directed the ED to release her assets after receiving fixed deposits of equivalent value.
Social media
- Instagram: @ysbharathireddy
- Twitter: @YSBharathiReddy
- YouTube: YS Bharathi Reddy
Net worth
YS Bharathi Reddy has an estimated net worth of $5 million. She is one of the richest women in India.
She amassed her fortune from businesses in the cement and media sectors as well as from investments in real estate, hotels and other industries.
