India’s Richest Woman Loses Elections

Posted : October 20, 2014 at 2:10 pm IST by ManaTeluguMovies

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Many are under the impression that money and politics go hand in hand and if one has money, victory in elections is a foregone conclusion and mere formality.

However proving that wrong, in s socket as if to teach lesson to politicians and parties, people of Haryana defeated country’s richest woman.

India’s richest woman, Savitri Jindal, who contested Hisar assembly seat in Congress party ticket lost the elections. Kamal Gupta, BJP candidate defeated Savitri Jindal by a margin of 13,646 votes.

Savitri who is the mother of billionaire industrialist-cum-politician Naveen Jindal was elected from Hisar in 2005 and 2009, and is a minister in the outgoing Bhupinder Singh Hooda-led Congress government. Right from the start she was trailing when the counting starred yesterday.

Savitri is the chairperson of the multi-billion rupee OP Jindal group that has interests in the steel, power and mining  and was named by Forbes as  India’s richest woman in 2008. She is placed 12th in the list of India’s richest, with a net family worth of $6.4 billion (Rs. 39,040 crore at 1 dollar = 61 rupees).