Early Life
Jupally Rameshwar Rao was born on September 16, 1955, in Hyderabad, India. His early life was marked by challenges, including a farming background and the loss of his father at a young age. Despite these hardships, Rao pursued education, walking miles to school. He moved to Hyderabad in 1974 to study homeopathy.
Rise to Success
After completing his studies in homeopathy, Rao began practicing in Dilsukh Nagar, Hyderabad. In 1981, he founded My Home Constructions Private Limited. This marked his entry into the real estate sector, where he recognized the potential for growth. A pivotal moment came when he invested Rs 50,000 in a plot of land, which he later sold for a profit, leading him to leave homeopathy and focus on real estate. My Home Constructions grew to become a prominent real estate company in Hyderabad.
Key Business Strategies
Rao expanded into the cement industry with the founding of Maha Cement (My Home Industries Private Limited). He sold a 50% stake in Maha Cement to CRH plc in 2008, and later acquired Sree Jayajyothi Cements in 2013. This strategic move significantly increased the company's cement production capacity, making Maha Cement a leading cement producer in South India. Rao's business acumen allowed My Home Group to diversify into various sectors, including real estate, cement, and power.
Philanthropy
Jupally Rameshwar Rao is known for his philanthropic activities. He donated a significant amount towards the construction of the Statue of Equality in Hyderabad. His contributions to society have earned him recognition and awards, including the Lifetime Achievement Award.
