BillionaireNet
Reddy
P.P. Reddy
Rank #1951
INDIADiversifiedInfrastructure

P.P. Reddy

Net Worth
$1.987B
0% (24h)
P.P. Reddy, an Indian industrialist and the Executive Chairman of Megha Engineering and Infrastructure Limited (MEIL), is a prominent figure in the construction and engineering industry. Born in 1957 in Andhra Pradesh, he founded Megha Engineering Enterprises in 1989, which evolved into MEIL, a leading infrastructure company. His main source of wealth comes from Infrastructure. His estimated net worth is 2.0 billion dollars as of 2024. Reddy's career includes contributions to the infrastructure sector, and expansion into renewable energy and defense. His philanthropy includes the adoption of his birthplace, Dokiparru, with initiatives such as a free solar-powered clean drinking water program.

The Full Dossier

Early Life

Pamireddy Pitchi Reddy was born in 1957 in Dokiparru village, Andhra Pradesh, India, into a farming family. Growing up, he had a modest upbringing. His family had no prior business connections.

Rise to Success

In 1989, Reddy founded Megha Engineering Enterprises with only two employees, starting with the construction of small pipes for municipalities. In 2006, he changed the company's name to Megha Engineering and Infrastructure Limited (MEIL). Under Reddy’s leadership, MEIL grew into a leading infrastructure company in India.

Key Business Strategies

Reddy strategically expanded MEIL into larger infrastructure projects, including dams, power plants, natural gas distribution networks, and roads. MEIL has undertaken large-scale projects like the Kaleshwaram Lift Irrigation Scheme in Telangana, and has expanded its operations abroad.

Philanthropy

Reddy is known for his philanthropic work. He adopted his birthplace of Dokiparru and established the first free, solar-powered program for clean drinking water in the nation. He has also pledged to build a hospital and school for the neighborhood.

Career Timeline

2019

Kaleshwaram Lift Irrigation Project

MEIL started construction of the largest lift irrigation project in Telangana.

2006

Company Rebranding

Changed the company's name to Megha Engineering and Infrastructure Limited (MEIL).

1989

Founded Megha Engineering Enterprises

Started a company to manufacture pipes for municipalities with two employees.

Philanthropic Impact

Community Development$4M

Clean Drinking Water Program

Established a free, solar-powered program for clean drinking water in his birthplace, Dokiparru.

Wealth Trajectory