Hyderabad: “We did not face any financial difficulties till now only because of the family business – ‘Heritage’,” said TDP general secretary N Lokesh during a meeting with the party functionaries in Guntur on Wednesday.
Financial security is a must for any family, that was the reason to start Heritage in 1992, he said. Speaking on the occasion, Lokesh said that TDP president and AP CM N. Chandrababu Naidu is declaring his assets for the sixth consecutive year.
“With a view to set an example in the country, Naidu had decided to divulge the details of the family assets during his stint as opposition leader,” Lokesh remarked. No political family in the country like TDP has declared their assets voluntarily, he claimed.
Stating that Heritage received corporate governance award, Lokesh said that the turnover in the financial year of 2015-16, the turnover was Rs 2,381 crore.
However, after paying all the taxes, the Heritage earned a profit of Rs 55 crore which was just 0.2 percent, he said.
Giving employment to more than 30,000 people in the diary firm, the TDP national general secretary said that milk is being secured from three lakh farmers in seven States. Totol of 13 lakh litres of milk is being sold in almost seven States in the country.
