Ex-MP K Kavitha owns properties worth Rs 9.92 Cr, husband Anil 17.68 Cr

Hyderabad: Kalvakuntla Kavitha, the former parliamentarian and daughter of Telangana Chief Minister K. Chandrashekar Rao, bounced back to politics with her nomination to the Legislative council from Nizamabad local constituency. The young politician, filed her nomination in March 2020,before the outbreak of the Coronavirus in the state.

Kavitha faced a debacle in the 2019 parliamentarian elections when she lost the Nizamabad seat to BJP's Arvind Dharmapuri, a first-time nominee, allowing the saffron party to make inroads into Telangana. A year later, she is making a comeback.

According to the affidavit submitted to the Telangana Election Commissioner office, the 42-year-old owns movable assets worth Rs. 4.37 crore, while her husband Anil Kumar Devanapalli Ramayagri has movable assets Rs. 14.18 crores. With regards to immovable assets (agricultural land and buildings), the couple together own properties worth Rs. 9.10 crore.

Her IT returns show that when she was in power her total income grew from Rs. 19.16 crore in 2015 to Rs. 28.21 crore in 2019. Her husband's income fluctuated during the past five financial years and his highest income was Rs. 21.87 crore in 2017.

The affidavits revealed that Kavitha has invested in Netpixel Software Solutions India Private Limited and Bharathi Jagruthi Foundation and her husband is a partner in Asyapattra Inventures and Relixir Pharmaceuticals Private Ltd.

The pharma company, Relixir, was incorporated in 2011 with its head office in Hyderabad. The company has two directors: Anil Kumar, the longest-serving board member, and co-director Vinutha Mandula. Relixir is connected to seven other companies through its directors. However, it does not reflect in the affidavit. Also, Mr Anil Kumar is a director of eight companies.

KCR has gifted his daughter land, measuring 10 acre 16 guntas, at Malleboinapally Jadcherla in Mahbubnagar district. Kavitha and her husband together own agricultural land in Nizamabad, Mahbubnagar, Karimnagar, and Siddipet, and also commercial buildings in MG road in Secunderabad, Trendz JR in Madhapur. The couple also own residential properties in Hyderabad bringing their total immovable assets to Rs. 9.10 crore. Meanwhile, their liabilities are worth Rs. 8.89 crore.

In 2010, during the Telangana statehood agitation, two cases had been booked against Kavitha at Nizamabad and Mahabubnagar police stations. The young politician has a Bachelor's degree in technology from VNR, VJIET, Jawaharlal Nehru Technical University.

Assets

1. K. Kavitha- Movable assets- Rs 4. 37 Crore, immovable assets- Rs 5.55 Crore

2. Anil Kumar- Movable assets- Rs 14.18 Crore, immovable assets- Rs 3.50 Crore