₹624 crore fortune: TVK chief C. Joseph Vijay parks over 50% in bank deposits, keeps equity under 0.04%

Vijay reports ₹624 crore assets, with over ₹300 crore in bank deposits and negligible equity exposure, signalling a highly conservative wealth allocation strategy.

By Srabastee Biswas

TVK chief C. Joseph Vijay has declared assets worth ₹624 crore in his 2026 election affidavit, with a significant concentration in low-risk bank deposits and minimal exposure to equities.

As per the 27-page filing submitted to the Election Commission of India on March 30, 2026, his movable assets stand at ₹404 crore and immovable assets at ₹220 crore. His income for FY 2024–25 is reported at ₹184.53 crore, derived from self-employment, rental earnings, and interest income.

A standout component is ₹213.36 crore held in a single savings account at Indian Overseas Bank’s Saligramam branch, accounting for over 34% of his total net worth. In addition, Vijay holds ₹100 crore in fixed deposits across Axis Bank (₹40 crore), Indian Overseas Bank (₹25 crore), HDFC Bank (₹20 crore), and State Bank of India (₹15 crore). Combined, over ₹313 crore, or more than 50% of his wealth, is parked in bank deposits.

His equity exposure is limited to ₹19.37 lakh, or under 0.04% of his total assets, including holdings in Jaya Nagar Property Pvt Ltd, Indian Overseas Bank, and Sun Paper Mill Ltd, with no mutual funds or bonds declared.

Vijay’s immovable assets, valued at ₹220 crore, include residential properties worth ₹115 crore, commercial assets of ₹82.8 crore, and land holdings totalling ₹22 crore. His vehicle portfolio is valued at ₹13.52 crore, while jewellery holdings include 883 grams of gold worth ₹1.20 crore and silver worth ₹15 lakh.

The affidavit also lists loans and advances of ₹75.5 crore extended to individuals, family members, and entities. Separately, his spouse Sangeetha Vijay has declared assets of ₹15.76 crore.