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