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

Comments

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News Network
June 27,2020

Bengaluru, Jun 27: Announcing Karnataka’s ambitious plan to install a 108-ft-tall statue of Nadaprabhu Kempegowda outside the airport, deputy chief minister Ashwath Narayan said the government will bear the project cost — approximately Rs 78 crore.

Work on the project will formally commence with the chief minister laying foundation stone for installation of the statue and development of a 23-acre park where it will come up, on Saturday.

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An artist’s impression of the 108-ft-tall statue, which is proposed to come up in a 23-acre park outside KIA. The chief minister will perform bhoomi puja on Saturday.

KPCC president DK Shivakumar on Thursday suggested the cost be borne by Kempegowda International Airport and not the government. He wrote to the CM welcoming the decision to erect a statue of the chieftain at KIA, but asked why should the govenment spend on it. “When huge concessions have been provided to KIA, why not use its services to construct the statue,” he asked. Narayan, who is chairman of Kempegowda Development Authority, said it is the government’s duty to bear the cost.

The government has released sketches of the statue and a blueprint of the park. Noted sculptor Ram Sutar, who designed the Gandhi statue located between Vidhana Soudha and Vikasa Soudha and the Statue of Unity in Gujarat, will be part of this project as well.

Narayan said the government was not competing with any other state on having a tallest/largest statue while emphasising that Kempegowda ensured the city had tanks, markets and drainage system when it was founded. He added the government won’t invite many guests to Saturday’s ceremony. “Most legislators will be given a virtual link to view the event,” he said.

Comments

Arif, Mangaluru
 - 
Saturday, 27 Jun 2020

When the economic situation is very bad they are wasting people's money on these things now! These statues can be built when the peoples' basic things are first fulfilled. The title of this topic should be "People to bear the burden of Rs.78 crore", there is nothing like governments money, it's all belong to people.

Mohammad Mubarak
 - 
Saturday, 27 Jun 2020

What is the neccessity of spending tax payers money in building Statue when there is great need of these amount in improving the quality of Health sector during COVID-19 Pandemic. Government must be smart enough to prioritise the need of the people.

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News Network
May 23,2020

Bengaluru, May 23: The Karnataka government on Friday said returnees from six states with high COVID-19 cases will be kept in institutional quarantine for seven days.

The states are - Maharashtra, Gujarat, Delhi, Tamil Nadu, Rajasthan and Madhya Pradesh.

As per the standard operating procedure released by the government, all people to arrive via rain, air road are expected to quarantine.

After they test negative for the disease in pool testing, they will be sent for home quarantine for another seven days, the government said.

Returnees from other low prevalence states will be asked to follow 14 days of home quarantine, according to the standard operating procedure (SOP) for entry of persons from other states to Karnataka issued by the state health department late on Friday night.

However home quarantine is allowed for pregnant ladies, people above 80 years, patients with comorbidities and children below 10 years of age, along with one attendant after they test negative.

In special cases like businessmen coming for urgent work, the quarantine period will be waived if they furnish a report from an ICMR-approved laboratory showing they tested negative for COVID-19, it said.

However, if they don't have reports, they will have to stay in institutional quarantine and can leave once their results test negative.

In case their stay exceeds 5 days, they will be sent to the fever clinic and get a five-day extension if found asymptomatic.

The report should not be more than two days old from the date of travel.

All Karnataka returnees who entered from 4 May will be tested from 5-7 days from the time of their arrival.

If found COVID-19 negative, they will be sent to home quarantine and will have to follow due precautions, the SOP stated.

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Media Release
June 4,2020

Dr Soofi Anwar, Director Academics of University of Stirling RAK, UAE Campus, has achieved the prestigious professional recognition of Senior Fellow of the Higher Education Academy (HEA) UK. He has achieved this milestone through the Stirling Framework for Evidencing Learning and Teaching Enhancement (SFELTE), the Continuing Professional Development Framework (CPD) for learning and teaching at University of Stirling, Scotland, UK. 

He was recognized for this achievement on recently concluded virtual Learning & Teaching Conference-2020 organized by University of Stirling Campus in UK.  He has secured his Ph.D. in Management from University of Azteca, Mexico.

Dr. Soofi Anwar has over 20 years of experience in teaching and academic leadership at higher education level and has worked in leading universities in UAE, Bahrain and India. He was conferred the prestigious Middle East Education Leadership Award, as the Best Professor in Management-2018 in recognition of his academic excellence, exemplary leadership in higher education. Prior to his current role, he has worked on leadership position in Birla Institute of Technology Offshore Campus RAK.

He has completed his MBA from Dept. of Business Administration, Mangalore University in 1999 and his B. Com degree from Canara College Mangaluru.

He has published numerous research papers in management and in the area of teaching and learning in higher education in reputed academic journals and international conferences proceedings. He is a member of editorial board of two leading management journals and engaged in reviewing faculty research publications in the area of management and marketing. 

He is a son of Haji Abdul Khadar Kodijal and Mrs. Mariyamma from Konaje, Mangaluru.

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