SP Rajya Sabha Candidate Dhanraj Nathwani Declares Assets Worth Over Rs 373 Crore

Samajwadi Party Rajya Sabha candidate Dhanraj Parimal Nathwani has declared assets worth more than Rs 373 crore for himself, his spouse and two dependents, according to his election affidavit filed in Lucknow.

Nathwani, 40, was named by the SP along with senior party leader Ram Gopal Yadav as its candidate from Uttar Pradesh for the upcoming Rajya Sabha polls.

The affidavit shows Nathwani has movable assets worth Rs 77.75 crore, while his spouse has immovable assets valued at Rs 211.10 crore. His two dependents have movable assets of around Rs 1.95 crore and Rs 1.20 crore, respectively.

A significant portion of Nathwani's movable wealth comprises shares, bonds, debentures and mutual funds, valued at about Rs 55.76 crore. He has also declared bank deposits of nearly Rs 10.63 crore, receivables and personal loans of Rs 6.92 crore, and postal savings and insurance investments worth around Rs 2.81 crore.

His spouse has investments of about Rs 199.44 crore in shares, bonds and other financial instruments, along with bank deposits of Rs 1.87 crore and jewellery and other valuables worth Rs 8.54 crore.

Nathwani's self-acquired immovable properties have a current market value of about Rs 27.67 crore, while those of his spouse are valued at Rs 53.59 crore.

For FY 2025-26, Nathwani declared an income of Rs 19.61 crore, earned through professional consultancy, rental income, capital gains and other sources. His spouse reported income of around Rs 1.48 crore.

Nathwani has liabilities of about Rs 3.01 crore, including bank and institutional loans. His spouse has liabilities of Rs 18.56 lakh.

The affidavit lists Nathwani as a professional consultant with Reliance Industries Ltd and director in unlisted companies. He has declared no pending criminal cases or convictions.

He holds an MBA specialising in Corporate Law and Public Relations Management, completed through distance education in 2008.