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

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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News Network
May 3,2020

Sirsi, May 3: A group of 19 students from the district were on Saturday safety brought back to Jawahar Navodaya Vidyalaya (JNV) at Malagi in Mundgod taluk by special buses from Madhya Pradesh.

The students were admitted to the JNV, Junapani, Bhopal district, for class 9 this academic year. They were kept at a hostel since March 22.

They could not leave for the state as train services were suspended before they were ready for the travel. Hence, they were kept at the local hostel.

Based on requests by parents, Labour Minister Shivaram Hebbar, directed the chief secretary to get in touch with the Madhya Pradesh government to bring back the students.

Hebbar, who visited the JNV, said that the students would be sent to their homes in two days after medical tests.

According to the JNV authorities, the decision was taken to bring back the students as their parents were worried. The students were safe at the JNV, Junapani and all facilities were provided to them at the hostel.

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News Network
July 22,2020

Mangaluru, Jul 22: Institute of Medical Sciences and Research Centre, within the metropolis, has obtained approval from the Indian Council of Medical Research (ICMR) for testing SARS-CoV-2 virus by Real Time RT-PCR technique.

This has given a lift to the prevailing Covid-19 testing services in Dakshina Kannada, according to a press release by the AJ Institute here on Wednesday.

Institute Dean stated that devoted kiosk for pattern assortment has been opened in the hospital. Staff and technicians from the Department of Microbiology have undergone coaching in molecular testing at NIMHANS, Bengaluru.

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Media Release
February 14,2020

Veteran journalist P. Sainath has said that the nation is in a crisis. And this crisis is not limited to just the rural area. It has become a national crisis at various areas such as agriculture, education, economy, job creation etc.

He was delivering the endowment lecture on the topic ‘Indian democracy at the post-liberalization and post-truth era’ at Media Manthan 2020 organized by the PG department of journalism and mass communication at St Aloysius College (Autonomous). 

Mr Sainath said that the many policies adopted in the 90s led to India becoming unusually unequal. Referring to the speech Ambedkar had made at the Constituent Assembly while handing over the draft of the Constitution, Mr Sainath said, “Ambedkar had warned about the weakness of Indian democracy that liberty without equality allows the supremacy of a few over the multitude. Liberty, equality and fraternity must be kept together as we cannot have one without the other.” 

Mr Sainath stated that the agrarian crisis was no longer about the loss of productivity, employment or about farmer suicide; it was a societal, civilizational crisis. Commenting on the lopsided policies such as cow-slaughter ban, he explained how cow slaughter ban had adversely affected many industries due to their interdependency. While Muslims who slaughtered cows were rendered helpless, the cattle traders who were mostly OBCs lost their earnings as the cattle prices crashed. An important industry like Kolhapur sandals industry in Maharashtra went bankrupt as a result of the cow slaughter ban in Maharashtra. He said the policymakers had no idea how the rural industries were interconnected. Demonetisation too devastated the rural economy as 98 percent of rural transactions happen through cash. 

Mr Sainath also spoke about the crisis of inequality which affects the Dalits and the Adivasis far more than anyone else as 90 percent of the rural households take home less than Rs 10,000/- per month. “Women are yet another group whose labour is never counted in the gross domestic product. Women and girls globally do unpaid work which amounts to about 12.5 billion working hours per year. Monetarily speaking, this is worth 10.8 trillion dollars,” Mr Sainath added. 

Speaking about the crisis of jobs Mr Sainath said that major companies were laying off employees just to create more profits for the investors and the adoption of artificial intelligence in the industry would further destroy millions of jobs.

Rector of St Aloysius College Institutions Fr Dionysius Vaz SJ, Principal Dr (Fr) Praveen Martis SJ, HOD of Journalism and Mass Communication department Dr (Fr) Melwyn Pinto SJ were present.

‘Veerappan and Vijay Mallya’s business models are interesting!’

Addressing the gathering during his endowment lecture on Friday, Mr Sainath made an interesting comment on the so called ‘revenue model’. “Whenever I visit IIMs and IITs for lectures on my PARI project, the students there ask me what my revenue model for my project is. I tell them that I do not have a revenue model. In fact, journalism does not begin with a revenue model. Gandhiji, Ambedkar, Bhagat Singh were all great journalists. But they did not have a revenue model,” Mr Sainath said.

On a lighter note, he said that the best revenue model that he liked was that of forest brigand Veerappan and liquor baron Vijay Mallya. “Veerappan ruled the forest for forty years and from the top ministers to the villagers he could dictate terms and liver royally. Similarly, Mallya’s revenue model was to steal the banks and run away abroad and live like a king,” Mr Sainath added.

Journalism is not and can never be a business. It is a calling, he opined. While newspaper can be a business, television can be a business, journalism per se cannot be reduced to a business. “Unfortunately today, journalists are recruited on a contract basis and they have no bargaining power; and there are no unions to fight for their cause. Hence, they are at the mercy of the corporate media houses for their survival and are made to write stories that cannot be called journalism,” Mr Sainath said.

Answering a question as to the pressures he faced as a journalist, he said that external pressures from the government or others could be very well handled. It is the internal pressures from once own media house that journalists find it difficult to manage.

 

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