TIRUMALA, INDIA, November 7, 2022 (India Link): Sri Venkateswara temple at Tirumala, the world’s richest Hindu temple, owns assets of over Rs 2.5 lakh crore (or approximately US$30.5 billion), including 10.25 metric tons of gold (US$543 million). This makes it one of the richest organizations in India. The assets of Tirumala Tirupati Devasthanams (TTD), which governs the affairs of the ancient hill shrine, includes land parcels, buildings, cash and gold deposits given as offerings by the devotees. The temple body owns land parcels and buildings in different parts of the country. Officials said the revenues of the TTD are increasing thanks to the rise in cash and gold offerings made by devotees. Due to increase in interest rates, the temple body is earning more on fixed deposits in the banks.
The TTD declared the list of its assets including fixed deposits and gold deposits in a white paper released recently. The TTD trust board denied social media reports that it has decided to invest surplus funds in the securities of the Andhra Pradesh government and Government of India bonds. The trust says the surplus amounts are invested in scheduled banks. The temple’s gold deposits in banks have increased from 7.3 tons in 2019 to 10.25 tons in 2022. The TTD has over 900 immovable properties measuring well over 7,000 acres across the country. It also has a large number of temples in Andhra Pradesh, Telangana, Tamil Nadu, Odisha, Haryana, Maharashtra and New Delhi. The assets of the Tirumala temple, also known as Balaji temple, do not include the priceless antiques, jewelry, cottages or guest houses built for devotees on the seven hills.
More at source.
https://www.indianlink.com.au/india/tirumala-temple-assets-valued-at-rs-2-5-lakh-crore-including-10-tonnes-gold/