As AAP sends one of Punjab’s richest to RS, he is in good company: Abhishek Manu Singhvi, Jaya Bachchan, to Praful Patel

Parties have often used the House of Elders to send industrialists, businessmen, and other high-performing individuals to Parliament. AAP candidate and textiles merchant Rajinder Gupta is the latest in that list.

According to an analysis of the self-declared affidavits of the MPs, the fortunes of the richest 10 range between Rs 400 crore and over Rs 5,300 crore.According to an analysis of the self-declared affidavits of the MPs, the fortunes of the richest 10 range between Rs 400 crore and over Rs 5,300 crore. (File)
New DelhiOctober 7, 2025 06:57 PM IST First published on: Oct 7, 2025 at 10:32 AM IST

Prominent industrialist Rajinder Gupta is one of the wealthiest persons in Punjab and the latest industrialist set to enter the Rajya Sabha. Gupta, who founded textiles major Trident Group, is the Aam Aadmi Party’s pick for its 10th and sole vacant seat in the Upper House of Parliament.

With a net worth of $1.2 billion, or over Rs 10,600 crore, as per Forbes’s list of global billionaires, Gupta will be among significant business figures such as Lovely Professional University founder Ashok Kumar Mittal and entrepreneur Vikramjit Singh Sahney on the list of the AAP’s Rajya Sabha MPs from Punjab.

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According to an analysis of the self-declared affidavits of the MPs, the fortunes of the richest 10 range between Rs 400 crore and over Rs 5,300 crore. Of these MPs, three were elected from Uttar Pradesh, two each from Telangana and Andhra Pradesh, followed by one from Punjab, Gujarat, and Maharashtra. Their political affiliations range from Independent candidates to those representing the BJP, the Congress, the YSRCP, and the BRS.

The Upper House is considered the preferred destination for “professionals engaged in social work and service” for a multitude of reasons, both by parties and those vying for an opportunity to enter Parliament.

“The usual problem when it comes to interpreting why a particular party gave an RS ticket to a prominent business personality is usually the allegation that it must have been ‘sold’ to them; this is said without considering the candidate’s mostly longstanding public service in a particular sector or decades of social work,” said a senior politician.

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The Rajya Sabha, according to another leader, was preferred by such individuals because they don’t need to be involved in the larger organisational activities of their parties.

“You have to bear in mind these are high-performing individuals who need to divide their time between their profession and politics. In some instances, it is seen as a hobby. But, in the case of many others, their stature as MPs allows them a better interface with political figures with whom they can raise issues more effectively and amicably as colleagues,” the leader said.

Their personal affluence, however, a party source said, was sometimes what made them “more amenable” for a Rajya Sabha ticket, followed by organisational responsibilities.

“While everyone has a reason behind their political ambition, what is also undeniable is that their personal affluence makes them impervious to the lures of financial corruption, which is a common bane when it comes to public life,” the source said.

The richest 10 at present

Name

State

Party

Assets (in Rs, approx)

B Parthasaradhi Reddy

Telangana

BRS

Rs 5,300 crore

Alla Ayodhya Rami Reddy

Andhra Pradesh

YSRCP

Rs 2,577 crore

Abhishek Manu Singhvi

Telangana

Congress

Rs 1,972 crore

Jaya Bachchan

Uttar Pradesh

Samajwadi Party

Rs 1,578 crore

Kapil Sibal

Uttar Pradesh

Independent

Rs 608 crore

Vikramjit Singh Sahney

Punjab

AAP

Rs 498 crore

Meda Raghunadha Reddy

Andhra Pradesh

YSRCP

Rs 475 crore

Praful Patel

Maharashtra

NCP

Rs 436 crore

Naveen Jain

Uttar Pradesh

BJP

Rs 411 crore

Mokariya Rambhai

Gujarat

BJP

Rs 389 crore

Jatin Anand is an Assistant Editor with the national political bureau of The Indian Express. Over th... Read More

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