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3w ago

Punjab’s Wealthiest Assembly Contender Sanjeev Arora Files Nomination with ₹278 Crore Assets

His entry underlines the growing role of affluent business figures in Punjab politics as voting approaches on June 19.

AAP national convener Arvind Kejriwal, former Delhi CM Atishi Marlena, Punjab CM Bhagwant Mann and Punjab AAP president Aman Arora accompanying party candidate Sanjeev Arora for filing of nomination papers in Ludhiana on Friday. They took out a roadshow from Aarti Chowk and ended at Bhai Bala Chowk in the city. (Gurpreet Singh/HT)
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Overview

  • Arora submitted his nomination for the June 19 Ludhiana West by-election on May 30, declaring total assets of ₹278 crore.
  • His movable holdings are valued at ₹268 crore, including ₹254 crore in bonds, shares and mutual funds and ₹2.71 crore in bank deposits.
  • He owns immovable property worth ₹10.36 crore, carries ₹19.43 crore in liabilities and has no pending criminal cases.
  • Combined with his wife Sandhya’s assets, the couple’s net worth exceeds ₹302 crore, eclipsing figures like Sukhbir Singh Badal and Harsimrat Kaur Badal.
  • As chairman and managing director of Ritesh Industries and Properties, he blends real estate and fashion interests and faces Congress’s Bharat Bhushan Ashu and SAD’s Parupkar Singh Ghuman.