Badruddin Ajmal's Wealth Surges: What His Election Affidavit Reveals

Badruddin Ajmal's Financial Disclosure Ahead of Assembly Elections

Guwahati: Badruddin Ajmal, the leader of the All India United Democratic Front (AIUDF), has reported a staggering total asset value exceeding Rs 169 crore in his election affidavit for the Binnakandi Assembly seat. His liabilities are noted to be over Rs 4.45 crore.

The affidavit reveals that Ajmal's movable assets are approximately valued at Rs 52.43 crore, while his immovable assets are around Rs 149.12 crore. His wife, Rizwaana Badruddin Ajmal, has declared movable assets of about Rs 31.08 lakh and immovable assets worth roughly Rs 6.82 lakh.

Liabilities primarily consist of loans from various financial institutions, totaling Rs 4.45 crore.

In terms of income, Ajmal reported earnings of around Rs 3.21 crore for the fiscal year 2024-25, while his spouse reported an income of Rs 49,950 during the same timeframe.

Over the last decade, Ajmal's wealth has seen a remarkable increase, with his total assets now surpassing Rs 169 crore, as indicated in his latest election affidavit. Historical comparisons show a consistent growth in his net worth over the past ten years.

During the 2014 Lok Sabha elections, Ajmal's assets were estimated between Rs 44-50 crore. By the 2019 elections, this figure had risen significantly to around Rs 78-90 crore, nearly doubling in just five years.

His latest affidavit indicates a further substantial increase, with total assets now exceeding Rs 169 crore, more than tripling his wealth compared to a decade ago.

The growth is primarily attributed to a rise in immovable assets, which are now valued at about Rs 149 crore, alongside movable assets exceeding Rs 52 crore.

Ajmal's investments encompass real estate, business interests, shares, and various financial instruments, as detailed in the annexures of the affidavit.

The AIUDF leader has outlined a diverse range of investments, including bank deposits, shares, bonds, and stakes in multiple business ventures.

Annexures accompanying the affidavit reveal significant holdings in companies and partnerships, along with assets such as vehicles and jewelry.

Ajmal's immovable assets comprise both agricultural and non-agricultural land, as well as residential properties located in Assam and other states.

The affidavit lists properties in areas like Hojai, Guwahati, and parts of Karnataka, showcasing a well-diversified real estate portfolio.

On the legal side, the affidavit notes one pending criminal case against Ajmal concerning alleged objectionable remarks, which is currently under investigation.

Additionally, the affidavit states that Ajmal's highest educational qualification is matriculation from Darul Uloom Deoband.