Declared net worth
₹43.05 Cr
Since last election
No prior
Pending cases
Not observed in this extraction version
Convictions
Not observed in this extraction version
Wealth & income over time
₹43.05 Cr
| Election | Constituency | Result | Assets | Liabilities | Net worth | Income |
|---|---|---|---|---|---|---|
| Karnataka Vidhan Sabha Election-Apr-May-2023 | Sorab | won | ₹69.51 Cr | ₹26.46 Cr | ₹43.05 Cr | ₹3.49 Cr |
Latest affidavit
Total assets
₹69.51 Cr
Total liabilities
₹26.46 Cr
Net worth
₹43.05 Cr
Education
- Graduate, BA- Bangalore University Karnataka state passed in 1988
self, Madhu Bangarappa (Winner)
Business & Agriculture
Movable assets
- Cash Cash ₹1.37 Cr
- Deposits in Banks, FIs and NBFCs Kotak Mahindra Bank SB No 18301000xxxxx ₹50,091.00
- Deposits in Banks, FIs and NBFCs Canara Bank Amavathi branch SB No 122010100xxxxx ₹8,591.00
- Deposits in Banks, FIs and NBFCs Karnataka State Apex SB No 100310201001xxxxx ₹20,460.00
- Deposits in Banks, FIs and NBFCs DCC Bank shivamoga SB A/c - 02031100005878 ₹23,283.00
- Deposits in Banks, FIs and NBFCs DCC Bank Anavatti No 0501110000xxxxx ₹34,139.00
- Bonds, Debentures and Shares Shares in Akash Audio video Ptd. Ltd ₹51,000.00
- Personal Loans / Advances Given Akash Audio Renikambha Associates & others ₹14.33 Cr
- Motor Vehicles Innova -KA-04-MV-1179 model-2019 ₹88.00 L
- Jewellery, Bullion, etc. 2777.50gms GOld/Jewels ₹1.25 Cr
Immovable assets
- Agricultural Land Thalagadde, Soraba Tq. 181/1 ₹2.00 L
- Agricultural Land Total Area ₹12.00 L
- Agricultural Land Built Up Area ₹50.00 L
- Agricultural Land Whether Inherited ₹30.00 L
- Agricultural Land Purchase Date ₹1.00 Cr
- Agricultural Land Purchase Cost ₹2.00 L
- Agricultural Land Development Cost ₹1.00 Cr
- Agricultural Land Thalagadde, Soraba Tq. 181/2 ₹2.00 L
- Agricultural Land Total Area ₹1.00 Cr
- Agricultural Land Built Up Area ₹10.00 L
- Agricultural Land Whether Inherited ₹10.00 L
- Agricultural Land Purchase Date ₹5.00 L
- Agricultural Land Purchase Cost ₹10.00 L
- Agricultural Land Development Cost ₹1.00 L
- Agricultural Land Thalagadde, Soraba Tq. 193 ₹2.00 L
- Agricultural Land Total Area ₹6.00 L
- Agricultural Land Built Up Area ₹50.00 L
- Agricultural Land Whether Inherited ₹1.25 Cr
- Agricultural Land Purchase Date ₹15.00 L
- Agricultural Land Purchase Cost ₹90.00 L
- Agricultural Land Development Cost ₹2.00 L
- Agricultural Land Thalagadde, Soraba Tq. 197 ₹25,000.00
- Agricultural Land Total Area ₹1.00 L
- Agricultural Land Built Up Area ₹5.00 L
- Agricultural Land Whether Inherited ₹60.00 L
- Commercial Buildings # 36,Kimarapark Banglore ₹6.00 Cr
- Residential Buildings 55/10, 6th Cross 8th Main, RMV. Extn. Bangalore ₹20.00 Cr
- Residential Buildings Total Area ₹2.00 Cr
- Residential Buildings Built Up Area ₹1.50 Cr
Liabilities
- Loans from Banks / Financial Institutions Loans from Banks / FIs to KSIIDC Khanija Bhavan, Banglore ₹43.62 L
- Loans from Banks / Financial Institutions Loans from Banks / FIs to DCC Bank ₹33.51 L
- Loans from Banks / Financial Institutions Loans from Banks / FIs to Kotak Mahindra Bank Sadashivanagar Bangalore ₹47.28 L
- Loans from Banks / Financial Institutions Loans from Banks / FIs to Kotak Mahindra Bank Car loan ₹27.76 L
- Loans from other than Banks / FIs Loans due to Individual / Entity to Akash Audio Video P.Ltd Madhu family Welfare Trust & others ₹19.28 Cr
- Any Other Dues Whether any other liabilities are in dispute, if so, mention the amount involved and the authority before which it is pending to KSIIDC ₹43.61 L
Income (ITR)
- 2021-22 ₹1.08 Cr
- 2020-21 ₹63.17 L
- 2019-20 ₹46.26 L
- 2018-19 ₹47.53 L
- 2017-18 ₹68.39 L
spouse
House wife
Movable assets
- Cash Cash ₹10.00 L
- Deposits in Banks, FIs and NBFCs Kotak Mahindra Bank SB SB No 18301006xxxxx ₹31,310.00
- Deposits in Banks, FIs and NBFCs DCC Bank Anavatti No 0501110000xxxxx ₹10,361.00
- Bonds, Debentures and Shares Shares in AVPL ₹51,000.00
- LIC / Insurance Policies ING Life Insurance ₹2.37 L
- LIC / Insurance Policies Kotak Life Insurance ₹12.45 L
- LIC / Insurance Policies Exide life Insurance ₹4.88 L
- Personal Loans / Advances Given Madhubangarappa ₹8.75 Cr
- Jewellery, Bullion, etc. 100 gms Gold & Diamonda ₹82.73 L
- Jewellery, Bullion, etc. 25 kgs Silver ₹7.50 L
Liabilities
- Loans from Banks / Financial Institutions Loans from Banks / FIs to Kotak Mahindra Bank Sadashivanagar Bangalore ₹24.50 L
- Loans from other than Banks / FIs Loans due to Individual / Entity to Vinayaka Enterprises ₹2.98 Cr
- Loans from other than Banks / FIs Loans due to Individual / Entity to Kalpana Enterprises ₹2.00 Cr
Income (ITR)
- 2017-18 ₹15.05 L
dependent
Movable assets
- Deposits in Banks, FIs and NBFCs Kotak Mahindra Bank SB No 18301015xxxxx ₹23,192.00
Immovable assets
- Agricultural Land Thalagadde, Soraba Tq. 179 ₹1.80 Cr
- Agricultural Land Total Area ₹75.00 L
- Agricultural Land Built Up Area ₹1.40 Cr
- Agricultural Land Whether Inherited ₹35.00 L
Criminal cases (2)
-
pending, Section 5(3A) KED Act-2020 141, 143, 290, 336, 149
- pending, Section -138 N.I.Act 1881.
Elections contested
| Election | Constituency | Party | Result | Votes | Share |
|---|---|---|---|---|---|
| Karnataka Vidhan Sabha Election-Apr-May-2023 | Sorab | Indian National Congress | won | - | - |
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Compiled from public disclosures by the Election Commission of India and MyNeta.