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M.K. Somashekar

M.K. Somashekar

Indian National Congress Krishnaraja

Declared net worth
₹33.37 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

₹33.37 Cr
Election Constituency Result Assets Liabilities Net worth Income
Karnataka Vidhan Sabha Election-Apr-May-2023 Krishnaraja lost ₹44.71 Cr ₹11.35 Cr ₹33.37 Cr ₹2.55 Cr

Latest affidavit

Total assets
₹44.71 Cr
Total liabilities
₹11.35 Cr
Net worth
₹33.37 Cr

Education

  • Graduate, B.Com. from Mysore University in1980-81

self, M.K. Somashekar

Business

Movable assets

  • Cash Cash ₹1.50 L
  • Deposits in Banks, FIs and NBFCs SBI Visweshwara nagar br No 5401066xxxxx ₹12,213.00
  • Deposits in Banks, FIs and NBFCs SB No 5401069xxxxx ₹1.66 L
  • Deposits in Banks, FIs and NBFCs SB No 6411770xxxxx ₹6,057.00
  • Deposits in Banks, FIs and NBFCs Canara bank No 151210101xxxxx ₹1.14 L
  • Deposits in Banks, FIs and NBFCs Canara bank No 515110100xxxxx ₹2,493.00
  • Deposits in Banks, FIs and NBFCs Mysore merchants co-op bank No 01xxxxx ₹34,694.00
  • Deposits in Banks, FIs and NBFCs TGMC Bank No 3030186xxxxx ₹2,332.00
  • Deposits in Banks, FIs and NBFCs TGMC Bank No 3030186xxxxx ₹3,136.00
  • Deposits in Banks, FIs and NBFCs Apex bank No 100310201001xxxxx ₹19,777.00
  • Personal Loans / Advances Given Shiv service ₹18.00 L
  • Personal Loans / Advances Given Chamundeshwari trust ₹28.50 L
  • Personal Loans / Advances Given Wife Meghana ₹5.00 L
  • Personal Loans / Advances Given Wife pranusha ₹5.00 L
  • Personal Loans / Advances Given Wife L Kusuma ₹1.75 Cr
  • Personal Loans / Advances Given Shri Deepak satya ₹57.46 L
  • Personal Loans / Advances Given Shri shiv sagar ₹20.00 L
  • Motor Vehicles Maruthi van ₹20,000.00
  • Motor Vehicles RX Yamaha bike ₹30,000.00
  • Jewellery, Bullion, etc. 270 gm gold ₹13.50 L

Immovable assets

  • Agricultural Land Hosur sarjapur road II Phase blr site no.502 ₹5.52 Cr
  • Commercial Buildings Gas godown no.39/A, Industrial Suburb visweswaranagara myosre ₹4.00 Cr
  • Commercial Buildings Total Area ₹20.00 Cr
  • Residential Buildings D.Subbaiaj road chamraj mohalla 1st cross mysore no.318 ₹80.00 L

Liabilities

  • Loans from Banks / Financial Institutions Loans from Banks / FIs to Mysore Merchants co-op bank No 9xxxxx ₹1.16 Cr
  • Loans from Banks / Financial Institutions Loans from Banks / FIs to Mysore Merchants co-op bank No 52xxxxx ₹2.45 Cr
  • Loans from other than Banks / FIs Loans due to Individual / Entity to Site no.502, hosur sarjapur road, blr ₹3.00 Cr

Income (ITR)

  • 2021-22 ₹10.77 L
  • 2020-21 ₹11.53 L
  • 2019-20 ₹15.91 L
  • 2018-19 ₹7.99 L
  • 2017-18 ₹19.78 L

spouse

Business

Movable assets

  • Cash Cash ₹7.00 L
  • Deposits in Banks, FIs and NBFCs SBI Visweshwara nagar br No 5401067xxxxx ₹53,841.00
  • Deposits in Banks, FIs and NBFCs SBI Visweshwara nagar br No 6411776xxxxx ₹12,766.00
  • Deposits in Banks, FIs and NBFCs TGMC SB No 3030186xxxxx ₹1,605.00
  • Deposits in Banks, FIs and NBFCs Myosre Merchants co-op bank No 01xxxxx ₹7.53 L
  • Bonds, Debentures and Shares Vijaya bank ₹10,000.00
  • Bonds, Debentures and Shares Under water world pvt ltd ₹1.00 L
  • NSS, Postal Savings, etc. NSC at post office ₹1,000.00
  • Personal Loans / Advances Given KB enterprises ₹35.46 L
  • Personal Loans / Advances Given Pragathi seva samshte ₹83.64 L
  • Personal Loans / Advances Given Laon given to daughter pranusha ₹18.82 L
  • Personal Loans / Advances Given Shivmurthy ₹10.25 L
  • Personal Loans / Advances Given Under water world pvt ltd ₹47.17 L
  • Personal Loans / Advances Given Smt meghana ₹1.50 L
  • Motor Vehicles Goods auto ₹60,000.00
  • Motor Vehicles Mhendra jeep ₹50,000.00
  • Motor Vehicles Volkswagen ₹2.00 L
  • Motor Vehicles Innova crysta ₹10.00 L
  • Jewellery, Bullion, etc. 500 gm gold ₹25.00 L
  • Other Movable Assets Owner of shiva gas services ₹7.00 L

Immovable assets

  • Agricultural Land Myosre tq Jaypura hobbali udpur grama sy.no.315 and 317 ₹7.00 Cr
  • Residential Buildings D.Subbaiaj road chamraj mohalla 1st cross mysore no.318 ₹80.00 L

Liabilities

  • Loans from Banks / Financial Institutions Loans from Banks / FIs to SBI Over draft No 4032194xxxxx ₹1.14 Cr
  • Loans from Banks / Financial Institutions Loans from Banks / FIs to SBI overdraft No 3744154xxxxx ₹23.91 L
  • Loans from Banks / Financial Institutions Loans from Banks / FIs to SBI GECL No 4032149xxxxx ₹12.88 L
  • Loans from Banks / Financial Institutions Loans from Banks / FIs to SBI Car loan No 3813943xxxxx ₹10.22 L
  • Loans from Banks / Financial Institutions Loans from Banks / FIs to SBI GECL No 39511464xxxxx ₹19.08 L
  • Loans from Banks / Financial Institutions Loans from Banks / FIs to Canara bank No 5151605000xxxxx ₹70.09 L
  • Loans from Banks / Financial Institutions Loans from Banks / FIs to Canara bank GECL No 515162900xxxxx ₹2.66 L
  • Loans from other than Banks / FIs Loans due to Individual / Entity to MK Somashekar ₹1.75 Cr

Income (ITR)

  • 2021-22 ₹26.51 L
  • 2020-21 ₹28.52 L
  • 2019-20 ₹49.15 L
  • 2018-19 ₹27.20 L
  • 2017-18 ₹29.79 L

dependent

Movable assets

  • Cash Cash ₹20,000.00
  • Deposits in Banks, FIs and NBFCs SBM Visweshwara nagar br No 6405818xxxxx ₹869.00
  • Bonds, Debentures and Shares Under water world pvt ltd ₹1.00 L
  • Personal Loans / Advances Given Under water pvt ltd ₹50,000.00
  • Jewellery, Bullion, etc. 300 gm gold ₹15.00 L

Liabilities

  • Loans from other than Banks / FIs Loans due to Individual / Entity to MK Somashekar ₹5.00 L
  • Loans from other than Banks / FIs Loans due to Individual / Entity to L Kusuma ₹1.50 L

dependent

Movable assets

  • Cash Cash ₹50,000.00
  • Deposits in Banks, FIs and NBFCs SBM Visweshwara nagar br No 64009381xxxxx ₹18,173.00
  • Deposits in Banks, FIs and NBFCs ICICI SB No 05600100xxxxx ₹50,200.00
  • Bonds, Debentures and Shares Under water world pvt ltd ₹1.00 L
  • Bonds, Debentures and Shares Investment in others shares ₹33.18 L
  • Personal Loans / Advances Given undeer water pvt ltd ₹6.00 L
  • Jewellery, Bullion, etc. 300 gm gold ₹15.00 L

Liabilities

  • Loans from Banks / Financial Institutions Loans from Banks / FIs to ICICI Bank ₹15.88 L
  • Loans from other than Banks / FIs Loans due to Individual / Entity to Kusuma ₹18.82 L
  • Loans from other than Banks / FIs Loans due to Individual / Entity to M K Somashekar ₹5.00 L

Income (ITR)

  • 2021-22 ₹15.81 L
  • 2020-21 ₹2.50 L
  • 2018-19 ₹4.57 L
  • 2017-18 ₹4.97 L

Criminal cases (2)

  • pending
    171H, 188
  • pending, Section 109 of K. P. Act, Section 177 of M. V. Act
    188

Elections contested

Election Constituency Party Result Votes Share
Karnataka Vidhan Sabha Election-Apr-May-2023 Krishnaraja Indian National Congress lost - -

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Compiled from public disclosures by the Election Commission of India and MyNeta.