This is a wiki about Jayadev Galla, the MP from the Telugu Desam Party (TDP) and the promoter & MD of Amara Raja Batteries. We will learn about his life history, net worth, family details and other facts.
Jayadev Galla alias Jay Galla was born on 24 March 1966 in Diguvamagham, Chittoor, Andhra Pradesh, India.
He is 52 years old.
His parents name are Ramachandra Naidu Galla and Aruna Kumari Galla.
His father is an industrialist who founded the Amara Raja Group.
His mother Aruna Kumari Galla is a former MLA from Chandragiri constituency and was a minister in the Andhra Pradesh state government for several years.
Jayadev Galla studied politics and economics at the University of Illinois at Urbana–Champaign, USA.
Jayadev Galla is married to Padmavathi Ghattamaneni.
The marriage was on 26 June 1991.
Padmavathi Ghattamaneni is the daughter of a famous Telugu film actor named Krishna.
The couple have two children named Siddharth Galla and Ashok Galla.
Both children are well educated and are now well settled.
Jayadev Galla is the brother-in-law of Mahesh Babu, the well known actor in Telugu films.
Mahesh Babu has contributed in a big way to his political success.
He campaigned extensively and requested his vast fan base to cast their votes in favour of Jayadev Galla.
Mahesh Babu has acted in several movies in the same way as Neha Dhupia has.
Jayadev Galla Net worth
Jayadev Galla’s net worth is about Rs. 700 crore.
The bulk of the net worth and wealth arises from the shareholding in Amara Raja Batteries Ltd.
He is the promoter of Amara Raja Batteries Ltd and holds 26% of the equity share capital.
He is also the managing director of the Amara Raja Group and is regarded as one of India’s best CEOs.
According to the election affidavit filed during the Lok Sabha elections of 2014, the value of movable assets including shares and debentures in companies is worth Rs 541 crore. The liquid assets held by wife Padmavathi was worth Rs 45 crore. The immovable properties in the name of Jayadev were worth Rs 79.24 crore while those held by Padmavathi were Rs 6.76 crore.
The total net worth was computed at nearly Rs 671 crore.
Political career with Telugu Desam Party (TDP)
Jayadev Galla is a member of the Telugu Desam Party (TDP) headed by N Chandrababu Naidu.
He contested elections in 2014 and was elected Member of Parliament.
No-confidence motion against Narendra Modi’s Government
Jayadev Galla made history by initiating the No-confidence motion against Prime Minister Narendra Modi’s Government in Parliament.
This was the first time in 15 years that such a No-confidence motion was moved in Parliament.
He was asked by TDP chief N Chandrababu Naidu to open the debate even though the motion was originally moved by Kesineni Srinivas.
(Jayadev Galla Speech in Lok Sabha during the No-Confidence Motion)
Economy is poised to grow
However, the No-confidence motion moved by Jayadev Galla became an issue of embarrassment for him because when it came to reporting on the Q1FY19 results of Amara Raja Batteries, he praised the economic condition of the Country.
This is what the press release said:
“Commenting on the Q1 performance, Mr. Jayadev Galla, Vice Chairman & Managing Director, Amara Raja Batteries Limited said,” The economy of the country is poised to grow and provide opportunities for increasing production and consumption. In line with the growth and demand expectations we are expanding capacities and adapting new technologies well in time“.