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Pamireddy Pitchi Reddy

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Pamireddy Pitchi Reddy
Born
🏳️ NationalityIndian
💼 Occupation
Industrialist

Pamireddy Pitchi Reddy (better known as P.P. Reddy) is an Indian billionaire industrialist, Philanthropist and executive chairman of Megha Engineering and Infrastructure Limited (MEIL).[1][2] On Forbes' 2020 list of the wealthiest Indians, he was ranked #43 overall.[3]

Under MEIL, Reddy manages the company into irrigation, power, drinking water, oil & gas and renewable energy.[4] The company made acquisitions to foray into the defence sector to set up a thermal power plant and overseas projects in Bangladesh, Jordan, Tanzania, Zambia and Kuwait.[5]

Early life and Career[edit]

P.P. Reddy was born in to a farmer family on 1 October 1957 in Dokiparru village of Krishna district in India’s State of Andhra Pradesh.[6] In 1989, he and two employees founded Megha Engineering Enterprises to build small pipes for municipalities in a small building of Balanagar, Hyderabad.[7] In 2006, he changed the company's name from "Megha Engineering Enterprises" to "Megha Engineering and Infrastructure Limited (MEIL)".[3] In 2019, he and his company MEIL began constructing India's largest lift irrigation project by value, in Telangana.[5]

Philanthrophy[edit]

In the Gudlavalleru Mandal, PP Reddy adopted his hometown of Dokiparru, where he introduced the first free, solar-powered programme for clean drinking water in the country. The building of the project cost Rs 4 crore. He also promised to erect a hospital and school in the community. PP Reddy has embraced many villages in addition to Dokiparru.[8]

He had already moved into Jamulapalle, a village in the Pithapuram mandal of the East Godavari district. A mineral water factory was even constructed to provide the locals with access to pure drinking water.[9]

Reddy took up cleaning and sanitary tasks in various villages as part of the Swachh Bharat initiative.[10]

He constructed a modern oncology centre at NIMS hospital in Hyderabad and provided free meal in Osmania, Niloufer and MNJ cancer hospitals.[11][12]

The 'Saddimuta" is a scheme to provide food to the farmers and labourers who come to the agriculture markets to sell their products.[13]

References[edit]

  1. "From farmer's son to net worth of Rs 33,113 crore, how PP Reddy became India's 43rd richest person". DNA India.
  2. "Megha's PP Reddy richest in TS with 13,400 cr". Thehansindia.com. 26 September 2019.
  3. 3.0 3.1 "P.P. Reddy". Forbes.
  4. Samdani, MN. "A gift to home town: MEIL promotors launch drinking water scheme in Andhra's Krishna | Vijayawada News - Times of India". The Times of India.
  5. 5.0 5.1 "India's Richest 2019: PP Reddy's Ambitious Plan To Move A River". Forbes India.
  6. "P.P. Reddy & family". Forbes.
  7. "The Splendid Life of P.P. Reddy Founder and Executive Chairman, Megha Engineering & Infrastructures Ltd". You and I. 25 September 2022.
  8. "MEIL Chief Vows to Turn Dokiparru into Model Village". The New Indian Express.
  9. Reddy, Srikanth (6 January 2019). "Safe drinking water to Jamulapally". Thehansindia.com.
  10. Sharma, Swati (28 May 2019). "The city's billionaire club". Deccan Chronicle.
  11. "K T Rama Rao inaugurates 50-bed medical oncology unit at NIMS". The New Indian Express.
  12. "Telangana Health Minister inaugurates reconstructed oncology centre at Hyderabad's Nizam Institute of Medical Sciences". BW Businessworld.
  13. "సిద్దిపేటలో 'సద్దిమూట': రూ. 5కే భోజనం". One India.


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