Y. S. Chowdary

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Yalamanchali Satyanarayana Chowdary
Set1-3.jpg
Minister of State for Science, Technology and Earth Sciences
In office
9 November 2014[1] – 8 March 2018
MP of Rajya Sabha for Andhra Pradesh
Assumed office
22 June 2010
ConstituencyAndhra Pradesh
Personal details
Born (1961-06-02) 2 June 1961 (age 57)[2]
NationalityIndian
Political partyTelugu Desam Party
Spouse(s)Padmaja (m. 1989)
ChildrenY. S. Karthik
Y. Naga Chandini
ResidenceHyderabad, Telangana, India
Alma materChaitanya Bharathi Institute of Technology, Hyderabad PSG College of Technology, Coimbatore
OccupationBusinessman, Politician
WebsiteYSChowdary.com

Yalamanchili Satyanarayana Chowdary (born 2 June 1961), popularly known as Y. S. Chowdary or Sujana Chowdary, is a Rajya Sabha member from the Telugu Desam Party. He was the Minister of State for Science and Technology & Earth Sciences in the Government of India from 2014 to 2018.[3] He was an entrepreneur and headed the Sujana Group of Industries before retiring from business to join politics.

Early life and career[edit]

Chowdary was born in Kanchikacherla village situated in the Krishna district of Andhra Pradesh. He graduated with a bachelor's degree in Mechanical Engineering from the Chaitanya Bharathi Institute of Technology (CBIT) in Hyderabad in 1984. He completed his master's degree in Machine Tool Engineering from the PSG College of Technology in Coimbatore, Tamil Nadu. In 1986, he founded the Sujana Group of Companies.

Political career[edit]

Y S Chowdary's entered national politics in 2010[4] when he was elected as Member of Parliament into the Rajya Sabha, representing the Telugu Desam Party from Andhra Pradesh on 22 June 2010.

On 9 November 2014, during the first Cabinet Expansion of Prime Minister Narendra Modi's NDA Government (National Democratic Alliance (India)), Mr Chowdary was appointed as the Minister of State for Science & Technology, & Earth Sciences. In 2010, Chowdary ran unopposed and was elected as a Member of the Parliament to the Rajya Sabha. He represents the Telugu Desam Party in the Upper House of the Indian Parliament. He was elected as the TDP's Parliamentary Leader on 4 June 2014.

Chowdary has been appointed as member of the Indo-Singapore Parliamentary Friendship Group, jointly set up as a step towards strengthening bilateral ties between the two countries’ Parliaments. He was a member of the Government of India's Parliamentary Standing Committee on Commerce, the Parliamentary Forum on Youth, the Consultative Committee for the Ministry of Food Processing Industries.

On 9 November 2014, Y S Chowdary joined the Union Council of Ministers as Minister of State for Science and Technology, & Earth Science.

Sansad Adarsh Gram Yojana[edit]

Under the SAGY Sansad Adarsh Gram Yojana program, Y S Chowdary has adopted the Ponnavaram village, which is located 60 km from Vijayawada. Under the program, he has initiated the transforming of the area into a model village[5] by adopting various development programs.[6]

Sujana Charitable Trust[edit]

The Sujana Charitable Trust and the Sujana Foundation, manifest the Group's Corporate Social Responsibility initiatives. The Foundation supports two schools for challenged children in Chennai, an Old Age Home in Hyderabad, and grants scholarships and merit awards for excellence in the areas of academics, sports, social entrepreneurship, innovation in engineering, agriculture, poverty alleviation and rural development.

Controversy[edit]

YS Chowdary was under media scanner for an allegation by the Mauritius Commercial Bank Ltd of Mauritius on the grounds that the company defaulted on the Rs 192 crore loan it availed through its subsidiary. This allegation popped up a day after the Rajya Sabha MP-cum-industrialist was sworn in as a Union minister.[7]

A clarification from the MPs office later, said that he had not secured loan from the Mauritius Commercial Bank. It was his group firm — Sujana Universal Industries —and he just stood as a guarantor to the loan obtained by a step-down subsidiary.[8]

On November 23rd and 24th of 2018, searches were conducted by Enforcement Directorate, at the residence and office of Sujana Chowdary in Hyderabad and Delhi. The agency claimed, the group of companies belonging to him defrauded banks to the tune of Rs 5,700 crore. The documents seized by the agency indicated that the group was controlling over 120 companies that were only on paper without any genuine business activities.[9] Chowdary alleged that he was being targeted for political reasons and said he would take legal recourse against the ED. He claimed his companies were maintaining all records and the allegations made by the ED were baseless.[10]

Personal life[edit]

Chowdary married Padmaja on 6 August 1989. The couple have two children, Y. S. Karthik and Y. Naga Chandini.

References[edit]

  1. ^ "Rajya Sabha members alloted to Telangana, Andhra Pradesh". 30 May 2014 – via The Economic Times.
  2. ^ "Archived copy". Archived from the original on July 17, 2015. Retrieved July 10, 2015.
  3. ^ Reporter, Staff (7 August 2016). "Telugu Desam will continue its efforts for SCS: Sujana" – via www.thehindu.com.
  4. ^ "Detailed Profile - Shri Y. S. Chowdary - Members of Parliament (Rajya Sabha) - Who's Who - Government: National Portal of India". 5 May 2012.
  5. ^ India, Press Trust of (6 February 2015). "Chowdary adopts Ponnavaram village for development" – via Business Standard.
  6. ^ "Ponnavaram to go hitech". The Hans India.
  7. ^ http://www.ndtv.com/india-news/non-bailable-warrant-against-union-minister-ys-chowdary-1340092
  8. ^ "Did not take loan, only gave guarantee: MoS YS Chowdary claims he did not default on Rs 106 cr loan - Firstpost". www.firstpost.com.
  9. ^ "ED, IT raids on ex-Union minister and TDP MP YS Chowdary in Hyderabad". 24 November 2018.
  10. ^ "ED raids: Sujana cries foul". The Hans India.