Nakul Nath is an Indian businessman, politician, and a member of the Indian National Congress (INC). He was elected as a Member of the Parliament (MP) in 2019. According to the 2023 report of the Association for Democratic Reforms (ADR), Nakul is the richest Member of the Parliament. He hit the headlines in December 2023 after the speaker of the Lok Sabha suspended him from the parliament.
Contents
Wiki/Biography
Nakul Kamal Nath was born on Friday, 21 June 1974 (age 49 years; as of 2023) in Calcutta (now Kolkata), West Bengal, India. His zodiac sign is Gemini. After spending some time in West Bengal, Kamal Nath relocated to Dehradun, Uttar Pradesh (now in Uttarakhand), where he completed his school education at The Doon School. He then went to the United States of America, where he earned a bachelor’s degree in business administration (BBA) at the Bay State College in 1997. [1]Election Commission of India – Affidavit Some sources also claim that he has earned a master’s degree in business administration (MBA) at Boston University in the US. [2]Hindustan Times
Physical Appearance
Height (approx.): 5′ 8″
Hair Colour: Black
Eye Colour: Dark Brown
Nakul Nath with his father Kamal Nath and Prime Minister Narendra Modi
Family & Caste
Nakul Nath belongs to a Punjabi Khatri family in Madhya Pradesh.
Parents & Siblings
His father, Kamal Nath, is a businessman and a veteran Indian National Congres (INC). He is one of the senior-most and longest-serving members of the Indian Parliament. Kamal has also served as the Chief Minister of Madhya Pradesh. His mother, Alka Nath, is an INC politician and a former Member of the Parliament (MP). His brother, Bakul Nath, is a businessman.
A photo of Nakul Nath and Kamal Nath taken outside the Parliament
Alka Nath (second from the left) with her son Bakul Nath
Wife & Children
His wife, Priya Nath, is a businesswoman. They tied the knot with each other on 30 August 2016. Priya has often attended the rallies held by the INC and supported the party’s election candidates. As of December 2023, the couple has no kids.
Nakul Nath posing for a photo with Priya Nath
Other Relatives
His paternal grandfather, Mahendra Nath, was an established businessman and an educationist. His paternal grandmother’s name is Leela Nath.
A photo of Mahendra Nath
Religion
Nakul Nath follows Hinduism.
A snip of Nakul Nath’s tweet
Address
He resides at House N.1, Gram Shikarpur, Block Mohkhed, Thana Dehat Partala, Tehsil Mohkhed, District Chhindwara, Madhya Pradesh, India.
Signature/Autograph
Signature of Nakul Nath
Career
Business
On 22 February 1996, Nakul Kamal Nath was appointed as the director of Span Leisure Projects Private Limited. On 4 July 1997, he became the director of two companies, Shaka Estate & Finance Private Limited, and Shaka Properties Private Limited. He became Span Plantations Private Limited’s director on 28 May 1999. On 22 September 1999, he was appointed director of the Nakul Securities Private Limited. He took over the directorship of Span Air Private Limited and Span Motels Private Limited on 8 January 2001. The International Management Technologies Private Limited appointed him as its director on 26 June 2001. He became Span Agro Properties Private Limited and Greenhill Properties Private Limited’s director on 7 January 2002. The Neelkamal Realty Private Limited appointed him as its director on 28 March 2005. On 20 December 2005, he became the director of Netvantage Technologies Private Limited. He became Emc Steelal Limited’s director on 14 February 2006. He took over the directorship of Span Leisure Projects Private Limited on 9 June 2006. On 26 October 2006, Green Valley Properties Private Limited made him its director. He became Unique Technobuild Private Limited’s director on 7 May 2007. The Centenary Trading Private Limited appointed him as its director on 9 February 2011. He took over the directorship of Magnum Counsellors Private Limited on 4 July 2018. He started serving as the director of IMT Chhatravaas Private Limited on 3 December 2019.
Politics
Nakul Nath, on numerous occasions, was seen campaigning for the Indian National Congress (INC) before joining the party. Before the 2019 Lok Sabha elections, Nakul became a member of the party, and he received a ticket to contest the general elections from the Chhindwara constituency. In the elections, he defeated his nearest rival Nathansaha Kawreti, a Bharatiya Janata Party (BJP) candidate, by receiving 5,87,305 votes.
A photo of Nakul Nath taken during an election rally in Madhya Pradesh
As an MP, Nath has served as a member of the Consultative Committee Panchayati Raj, functioning under the Ministry of Panchayati Raj. On 13 September 2019, he became a member of the Standing Committee on Commerce. On 13 September 2023, Nakul became a member of the Rajya Sabha’s Committee on Commerce. He was suspended from the Lok Sabha by the speaker of the house, Om Birla, in December 2023.
A photo of Nakul Nath taken while he was giving a speech in the Lok Sabha
Controversy
Suspended From The Lok Sabha
On 21 December 2023, three members of the Indian National Congress (INC), including Nakul Nath, were suspended from Parliament for violating its code of conduct due to their inappropriate behaviour. According to sources, Nakul protested the suspension of over a hundred MPs earlier in December 2023, who had raised questions about the security breach in Parliament in which some youths released tear gas in the parliament. During his protest, Nakul raised slogans in Parliament and despite being warned by the speaker of the Lok Sabha to avoid it, he did not stop. Later, Parliamentary Affairs Minister Pralhad Joshi presented the suspension proposal in Parliament, and it was accepted by the Speaker of the Lok Sabha, Om Birla. In the proposal, Joshi said,
This House has taken serious note of the misconduct of Deepak Baij, DK Suresh, and Nakul Nath. They grossly disregarded the authority of the House and the Speaker. They showed placards and entered the well of the House. They are being suspended from the House due to this reason. Earlier in the day, Lok Sabha Speaker Om Birla had warned the three MPs against protesting in the House.” [3]Aaj Tak
Salary/Income
In 2022, Nakul Nath’s salary as a member of the parliament was around Rs. 2 lacs + other allowances. [4]Zee News In the financial year 2017-2018, his income was estimated to be Rs. 2,76,81,446. [5]MyNeta
Assets & Properties
Movable Assets
- Cash: Rs. 74,702
- Deposits in Banks, Financial Institutions, and Non-Banking Financial Companies: Rs. 8,47,46,211
- Bonds, Debentures, and Shares in companies: Rs. 5,11,43,059
- LIC or other insurance Policies: Rs. 1,02,96,806
- Loans and advances given: Rs. 2,22,04,492
- Jewellery: Rs. 78,45,083
- Other Assets: Rs. 5,98,30,07,388
Immovable Assets
- Agricultural Land: Rs. 1,74,50,000
- Residential Buildings: Rs. 40,03,24,000
Note: The given estimates of movable and immovable assets are according to the year 2019. It excludes the assets owned by his wife and dependents. [6]MyNeta
Net Worth
Nakul Nath’s net worth for the year 2019 was estimated to be Rs. 6,56,84,69,241. It excludes the net worth of his wife and dependents. [7]MyNeta
Facts/Trivia
- According to Nakul’s 2019 general elections affidavit, his net worth stood at Rs 615.93 crore, which was more than the net worth of his father, Kamal Nath, who had a net worth of Rs 124 crore.
- He passionately follows his hobby of reading. He also likes to keep track of the technological advancements taking place as well as the global geo-political scenario.
- Nakul Nath is an avid traveller, and he has been to many countries including Austria, China, France, Japan, Poland, Singapore, Switzerland, Thailand, the U.K., and the U.S.A.
- Nakul has held memberships in organisations like the India Habitat Centre (IHC) and India International Centre (IIC).
- In December 2022, at a political gathering in Madhya Pradesh, Nakul commented on Rahul Gandhi’s Bharat Jodo Yatra and said that his rallies attracted a larger audience compared to the number of participants in Rahul Gandhi’s march. He, while talking about it, said,
Mein toh Rahul Gandhi ke saath poore Madhya Pradesh mein ghoom raha thha. Lekin, mein Parasia ke janta ko bolna chahta hoon ke Parasia Vidhan Sabha mein original Bharat Jodo se bhi zyada bheed hai. (I have been walking with Rahul Gandhi in all of Madhya Pradesh. But, I want to tell the people of Parasia that in Parasia assembly seat, the crowds are bigger than in the original Bharat Jodo yatra).”
Nakul Nath with Rahul Gandhi during the Bharat Jodo Yatra
- Nakul Nath likes field sports such as cricket and hockey.
- In November 2023, during the Madhya Pradesh state assembly elections, Nakul Nath was denied entry into the polling booth at Chhindwara by the Bharatiya Janata Party (BJP) workers.
