Andhra Pradesh CM N Chandrababu Naidu’s family firm Heritage Foods Ltd clarifies that 82% of his wealth, worth Rs 931 crore, is due to his wife’s shareholding in the company. Established in 1992 during India’s economic liberalisation, the company operates independently in dairy retail without government subsidies, leading to significant growth and a current market value of Rs 4400 crore.
How Manmohan-era retail firm contributed to Naidu’s wealth
