Jayadev Galla is credited with turning Amara Raja Batteries into a formidable battery company. He came from nowhere, exhibited amazing entrepreneurial skill, challenged the incumbent Exide Batteries and turned Amara Raja Batteries into a powerhouse with a market cap of Rs. 6500 crore. The history about how this happened in given in this article.
Jayadev Galla joined the Telugu Desam Party (TDP) & used excellent managerial skills while campaigning for the elections. He got superstar Mahesh Babu to campaign for him. Mahesh Babu is the Amitabh Bachchan and Rajnikant of Andhra Pradesh. He is also Jayadev’s brother-in-law. His support for Jayadev meant that it was a smooth cakewalk for Jayadev.
Jayadev Galla has won the Guntur Lok Sabha seat with a majority of over 70,000 votes over Vallabhaneni Balashowry of YSR Congress. This is a major comeback for the Telugu Desam Party in the Guntur district after 10 years. It has won 12 out of 17 Assembly segments and all the three Lok Sabha segments of Guntur, Narsaraopet and Bapatla.
Jayadev has made a huge fortune out of Amara Raja. He and his family own 8,89,27,452 shares of Amara Raja which is worth a mind-blowing 3414 crore. Jayadev’s personal net worth is about Rs. 660 crore.
The shareholders of Amara Raja are grinning from ear to ear. As it is, Amara Raja has given them a 55% YOY return and a 175% return over 2 years. Jayadev Galla’s ascension to power spells out better times for Amara Raja.