Maharashtra politician Pankaj Parakh buys himself a golden shirt worth crores for 45th birthday

safia@coastaldigest.com (Agencies)
August 9, 2014

Mumbai, Aug 9: James Bond's rival had a golden gun. This school dropout is acquiring a golden shirt that weighs four kilograms and costs a staggering Rs.1.30 crore ($214,000).

But then, Pankaj Parakh, a school dropout who made his fortune from his garment fabrication business and who is a corporator to boot, is no stranger to opulence. Whenever he ventures on to the streets in Yeola, 260 km from Mumbai, women stare at him and men glare at him as he is adorned with gold jewellery weighing at least two-three kg.

pankaj parakh gold shirt

Now, at a special function on his 45th birthday Friday, Parakh will wear his latest acquisition at a huge gathering that will include the likes of Maharashtra tourism minister Chhagan Bhujbal of the Nationalist Congress Party (NCP) and around a dozen legislators of different parties and celebs.

With the shirt and its seven gold buttons, Parakh hopes to enter the Guinness World Records and the Limca Book of Records.

"Gold has always fascinated me since I was five years old and studying in school. Over the years, I have become passionate about this royal metal. I have got this special shirt stitched to mark my 45th birthday this Friday," said Parakh.

The shirt was designed by Bafna Jewellers of Nashik, 85 km away, and meticulously executed by Shanti Jewellers at Parel in Mumbai, where a team of around 20 select artisans spent 3,200 hours over the past two months to 'stitch' it.

Parakh, who took delivery in Mumbai, offered a sneak peek of his treasured shirt and even wore it for a darshan of the city's famed Siddhivinayak Temple before posing for some pictures near the temple, while curious onlookers watched from a distance.

He said that the gold used in the shirt is of 18-22 carat purity, without any mixture of any other metals - and the entire deal is properly accounted for (an assurance to snoopy tax sleuths!).

Though made of gold, the shirt is fully flexible and comfortable, absolutely smooth and harmless and with a thin cloth lining the inside to avoid rubbing the body.

Besides, it can be washed and hung-dried, and if torn or damaged, can be repaired and modified with a lifetime guarantee of durability, Parakh said.

Recounting his love for gold, Parakh said that in his youth, he could not afford much as he left school after Class 8 and plunged into the family garments business in Yeola, a town of some 60,000 where he is an NCP corporator.

"Yet, for my marriage 23 years ago, many guests considered me an embarrassment as I sported more gold than the bride," he recalled with a chuckle.

Over the years, after taking care of all his family's needs - a good house looked after by wife Pratibha and higher education for his two doting sons Siddharth (22) and Rahul (19), both now in college - Parakh likes to plough back his excess income to finance his passion for acquiring a gilded edge.

"My family is hardly impressed or interested in my love for gold. They just ignore and accept it as a part of domestic life. But the rest of my extended family thinks I am weird," Parakh laughed.

Parakh remembered that when the family attends weddings, he adorns himself with around three kg gold ornaments while his wife looks stark with her 40-50 grams!

"In public, when I go around Yeola, or meet my constituents, I get extreme reactions - some say I flash my wealth, others feel I am poking fun at people's poverty, though women are usually silent observers," he smiled.

However, he felt that though there are many wealthy people in the country, it is his passion for gold - and sheer guts, bolstered by his licensed revolver - that makes him wear so much of the precious yellow metal.

After launching his independent garment business in 1982, he also plunged into politics and has been an elected corporator since 1991.

Yeola is renowned for its Paithani silk saris and the Shalu and Pitamber varieties of saris, considered nationally-recognised brands.

However, despite all the glitter of gold, Parakh turns out to be a genuine, down-to-earth and caring human being, deeply involved in a variety of social and educational activities.

For instance, he has fully financed 120 polio operations in the past five years through the renowned Narayan Seva Sansthan Hospital of Udaipur in Rajasthan.

"I spend at least a week each year to offer voluntary services at the 1,000-bedded hospital, the biggest and best for polio treatment in India. I also arrange for any requirements of the poor patients like food, medicines, surgery and blankets, from which I get immense satisfaction," Parakh said.

Last year Datta Fuge, a businessman from Pimpri-Chinchwad, entered the Guinness World Records with a gold shirt costing Rs.1.27 crore - a record that Parakh hopes to break this year.

Other prominent 'gold men' in Maharashtra include Jagdish Gaikwad of Navi Mumbai (Thane), who rarely ventures outdoors without 3-4 kg gold and the late Maharashtra Navnirman Sena leader from Pune, Ramesh Wanjale, and to a certain extent, Guinness Record holder and famed music director Bappi Lahiri of Mumbai.

pankaj3

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coastaldigest.com news network
February 12,2025

Mangaluru: Dakshina Kannada MP Captain Brijesh Chowta has urged Chief Minister Siddaramaiah to prioritize increased investments in Mangaluru during the upcoming Global Investors Meet for Coastal Karnataka. He emphasized the region’s immense potential for sustainable industrial growth.

Coastal Karnataka’s Strengths

The MP highlighted Coastal Karnataka’s skilled workforce, premier educational institutions, and strong entrepreneurial ecosystem, making it an ideal destination for industrial expansion.

With its strategic location, excellent port connectivity, and robust infrastructure, the region is particularly suited for industries in R&D, Global Capability Centers (GCCs) - IT and ITES, fintech, renewable energy, marine biotechnology, tourism, and food processing.

Challenges Hindering Growth

Despite these advantages, the MP acknowledged challenges such as youth unemployment, migration of skilled talent, and a lack of large-scale industrial investments. He urged the government to take concrete steps to address these issues.

Proposed Investment Initiatives

To harness the untapped potential of Coastal Karnataka, he requested the CM’s support in:

•    Establishing an IT and startup hub to leverage the region’s large talent pool, boost entrepreneurship, and curb brain drain.

•    Facilitating investments in GCCs and R&D centers, capitalizing on the region’s skilled workforce.

•    Setting up a technological innovation park in Mangaluru to attract investors and institutions.

•    Enhancing New Mangalore Port and developing an integrated coastal economic zone to encourage global trade and manufacturing.

•    Supporting sustainable fisheries, marine research, and ocean-based industries.

•    Encouraging investments in eco-tourism, wellness retreats, and adventure tourism to drive economic growth.

The MP stressed that proactive government intervention in these sectors would significantly boost the region’s economy, attract industries, and create employment opportunities. The proposal is now under consideration.

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News Network
February 20,2025

Bengaluru: Starting March, households in Karnataka will feel the pinch as the price of Nandini milk is set to increase by ₹5 per litre. The hike, which will take effect after the state budget on March 7, will also see a reduction in milk packet quantity from 1,050 ml to 1 litre. With this revision, the cost of a litre of Nandini toned milk will rise to ₹47.

This marks the latest price revision by the Karnataka Milk Federation (KMF) in the past three years. In 2022, milk prices increased by ₹3 per litre, while in 2024, KMF raised prices by ₹2 per packet but increased the quantity by 50 ml. However, KMF insists that last year’s change was not a price hike, as it involved a proportional increase in milk volume.

The increase in milk prices comes amid multiple price hikes across essential commodities and services. The Coffee Brewers Association has announced a ₹200 per kg hike in coffee powder rates by March, while BMTC bus and Namma Metro ticket fares have also been increased. Additionally, the state government is considering a rise in water tariffs, and electricity supply companies (Escoms) have sought approval for a 67-paise hike per unit from the Karnataka Electricity Commission.

According to KMF Managing Director B. Shivaswamy, the hike follows demands from farmers for a ₹5 per litre increase. "Earlier, we procured 85-89 lakh litres of milk per day, sometimes even 99 lakh litres. Now, the supply has dropped to 79-81 lakh litres per day, so the additional milk provided to consumers will stop," he explained.

Despite the price increase, Shivaswamy emphasized that Nandini milk will still be more affordable than other brands in Karnataka and other states, including those sold online. KMF is currently in discussions with farmer unions, milk unions, employee associations, and other stakeholders to determine how the increased revenue will be allocated.

"Ideally, the additional cost should benefit farmers. However, concerns raised by employee unions over financial matters, including 7th Pay Commission wages and pensions, also need to be factored in," said a KMF official on the condition of anonymity.

The final decision on the milk price hike now rests with the Karnataka Chief Minister, with an official announcement expected post-budget.

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News Network
February 20,2025

boy.jpg

Puttur, Feb 20: In a heartbreaking incident a 13-year-old boy died by suicide at Tannirupanta village in Belthangady taluk of Dakshina Kannada. 

The deceased has been identified as Shravan, a Class 7 student at a private school in Uppinangady. He was the son of Dombayya Gowda. 

According to reports, Shravan had dinner with his mother on Tuesday night (February 18), which included a chicken dish prepared by his aunt. 

After his mother fell asleep, he is believed to have taken his own life by hanging himself from a ceiling fan. Disturbingly, he had saved some of the chicken dish for the next day’s meal and had gathered flower buds for morning prayers, making the incident even more puzzling.

Described as a cheerful and well-liked student, Shravan showed no apparent signs of distress, leaving family, friends, and teachers shocked by his tragic decision. He is survived by his parents and a sister.

As a mark of respect, his school organized a silent prayer to honor his memory.

Mental health matters. If you or someone you know is struggling, please seek help. Call the toll-free helpline at 9152987821. Remember, no problem is too big to be solved.

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