SP's RS nominee Dhanraj Nathwani declares Rs.370-crore family assets
Lucknow, Oct. 1 -- The Samajwadi Party's Rajya Sabha nominee, Dhanraj Parimal Nathwani, declared family assets exceeding Rs.370 crore and a clean criminal record in his sworn election affidavit on Wednesday.
The 39-year-old senior corporate executive associated with Reliance Industries Limited and director in unlisted companies was authorised by party president Akhilesh Yadav as one of the SP's candidates for the biennial elections. The party has also fielded senior leader Prof Ram Gopal Yadav for a sixth term. In the affidavit, Nathwani stated that no criminal cases are pending against him in any court and he has never been convicted.
His annual income for the Assessment Year 2026-27 stands at Rs.19.61 crore, a sharp rise from Rs.7.27 crore in the previous year. His spouse, Bhoomi Dhanraj Nathwani, reported an income of Rs.1.48 crore for the same period. Income-tax returns for the preceding years show a steady upward trend, with figures of Rs.6.60 crore (AY 2024-25), Rs.5.37 crore (AY 2023-24) and Rs.5.50 crore (AY 2022-23).
Movable assets of the candidate total Rs.77.75 crore. These include Rs.10.63 crore in bank deposits, Rs.55.76 crore in bonds, debentures, equity shares and mutual funds, Rs.2.81 crore in insurance and postal investments, Rs.6.92 crore in personal loans and advances, and gold and diamond jewellery valued at Rs.1.62 crore (892.5 grams). His spouse's movable assets amount to Rs.211.10 crore, comprising bank deposits, financial market investments, jewellery worth Rs.8.54 crore (over 7,000 grams) and substantial holdings in private firms and partnerships. Two dependents hold additional bank deposits of Rs.1.95 crore and Rs.1.20 crore respectively. Neither Nathwani nor his spouse declared ownership of any motor vehicles, aircraft or yachts.
Immovable assets of the candidate are valued at Rs.27.67 crore and include agricultural land in Jamnagar and Junagadh in Gujarat, non-agricultural plots in Khambhalia, Junagadh and Ahmedabad, a commercial building plot in Surat, and residential properties in Mumbai and Ahmedabad. His spouse's immovable holdings stand at Rs.53.59 crore and cover commercial shop units in Bodakdev, Ahmedabad, non-agricultural land in Surat and Ahmedabad, and joint agricultural land.
Total family liabilities are modest at Rs.3.19 crore. Nathwani reported personal liabilities of about Rs.3.01 crore, mainly unsecured loans and other dues, while his spouse listed Rs.18.56 lakh. He has paid Rs.15.34 lakh towards income-tax dues and Rs.26.25 lakh towards GST, leaving no outstanding government tax liabilities under dispute.
Nathwani's primary occupation is listed as professional consultant to Reliance Industries Limited under a corporate contract for consultancy and management services. He also serves as a director in unlisted companies. His spouse is described as an entrepreneur, director in unlisted companies and social worker. He is a registered voter in the Andheri West Assembly constituency in Mumbai. The detailed disclosures form part of the mandatory affidavit....
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