Parag Shah, the wealthiest Bharatiya Janata Get together (BJP) candidate in Maharashtra with a web price of ₹3,382 crore, wins from Ghatkopar East by over 34,999 votes. The 55-year-old politician defeated Rakhee Harishchandra Jadhav of the Nationalist Congress Get together (NCP) and Sandeep Sudhakar Kulthe of the Maharashtra Navnirman Sena (MNS).
In his affidavit to the Election Fee forward of the Maharashtra meeting elections, Parag Shah and his spouse declared mixed property of ₹3,382 crore. This consists of ₹3,315 crore in movable property, with ₹2,179 crore listed below Shah’s title and ₹1,136 crore below his partner’s title. Their immovable property have been valued at ₹67 crore.
An actual property builder and the pinnacle of Man Infra Building Restricted, Shah declared a web price of ₹500 crore in 2019. Over the previous 5 years, his property have grown almost sixfold. Shah, a Gujarati Jain with a commerce background, started his profession within the household development enterprise in 1991. In 2002, he based Man Infra Building Restricted, leveraging his enterprise acumen and entrepreneurial abilities.
With over 25 years of expertise within the development business, Shah has created employment alternatives for 1000’s through the years. In February 2017, Parag Shah was elected as a Bharatiya Janata Get together municipal councillor from Ghatkopar East, Ward No. 132. Within the 2019 Maharashtra meeting elections, Shah gained the seat with 73,054 votes, whereas MNS’s Satish Pawar secured 19,735 votes.
Nonetheless, in 2014, BJP’s Prakash Mehta had gained the seat with 67,012 votes, defeating Shiv Sena’s Jagdish Chaudhary, who acquired 26,885 votes. Parag Shah is a trustee of Shri Ramji Ashar Vidhyalay Excessive Faculty in Ghatkopar, the place he accomplished his education. He performed an energetic position in establishing a brand new constructing for the college’s English-medium part.
Following the Pulwama assault in February 2019, he launched a fundraising drive for the Military Welfare Affiliation, amassing ₹40 lakh from residents. He matched this with a private contribution of ₹40 lakh, donating a complete of ₹80 lakh to the affiliation. Ghatkopar East is likely one of the 26 constituencies within the Mumbai Suburban district, a part of the Mumbai North East Lok Sabha constituency.
