Ajit Pawar’s Net Worth in 2024: Income and Assets of the Dep. CM of Maharashtra in India

Along with Devendra Fadnavis, Ajit Pawar is the Deputy Chief Minister of Maharashtra in India. He is also the 29th Opposition Leader in the Maharashtra Legislative Assembly. As a cabinet member, Pawar is also in charge of Finance and Planning. Read on to find more details about the politician.

Ajit Pawar’s Net Worth in 2024

Ajit Pawar, the nephew of Sharad Pawar, is a prominent political figure in Maharashtra and is considered wealthier than his uncle. According to the affidavit filed by Ajit Pawar, his total net worth is over ₹38 crore (approximately $5.2 million), as per reports of Myneta. This includes assets such as:

  • ₹9.4 lakh (around $12,800) in savings accounts, mutual funds, and other investments 
  • ₹1.8 crore (around $245,000) in life insurance policies 
  • ₹10.2 crore (around $1.4 million) in personal loans and advances given 

Ajit Pawar's Net Worth

Ajit Pawar also has liabilities of around ₹12.2 crore (approximately $1.7 million), primarily in the form of loans from individuals and entities. In comparison, Sharad Pawar’s net worth is not publicly disclosed, but he is generally considered wealthier than his nephew Ajit Pawar. The Pawar family is known for its significant business interests and real estate holdings in Maharashtra.

Ajit Pawar Assets, Properties, House, Cars

Ajit Pawar, the prominent Nationalist Congress Party (NCP) leader and former Deputy Chief Minister of Maharashtra is considered one of the wealthiest politicians in the state. According to his election affidavit, Ajit Pawar’s total net worth is over ₹38 crore (approximately $5.2 million). His assets include:

  • ₹9.4 lakh (around $12,800) in savings accounts, mutual funds, and other investments 
  • ₹1.8 crore (around $245,000) in life insurance policies 
  • ₹10.2 crore (around $1.4 million) in personal loans and advances given 

Ajit Pawar also has liabilities of around ₹12.2 crore (approximately $1.7 million), primarily in the form of loans from individuals and entities. In addition to his wealth, the Income Tax Department has provisionally attached properties worth over ₹1,000 crore (around $137 million) that are allegedly linked to Ajit Pawar and his family. These attached properties include:

Ajit Pawar's Net Worth

  • A sugar factory in Satara worth around ₹600 crore ($82 million) 
  • A residential property in South Delhi worth around ₹20 crore ($2.7 million) 
  • An office in Mumbai’s Nariman Point area worth around ₹25 crore ($3.4 million) 
  • A resort in Goa worth around ₹250 crore ($34 million) 
  • 27 pieces of land across Maharashtra worth around ₹500 crore ($68 million) 

The I-T department has alleged that these properties are linked to Ajit Pawar and his family members through various dubious methods like the introduction of bogus shares premiums, suspicious unsecured loans, and collusive arbitration deals. However, the NCP leader has denied any wrongdoing, stating that all his firms and entities have regularly paid their taxes.

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Ajit Pawar’s Career

Beginnings in Politics: Ajit Pawar’s political career began in 1982 when he was elected to the board of a cooperative sugar factory.  He subsequently became the chairman of the Pune District Cooperative Bank and the Pune District Central Cooperative Bank. 

Rise to Prominence: Ajit Pawar was first elected as a Member of the Maharashtra Legislative Assembly (MLA) in 1991 from the Baramati constituency, a family stronghold.  He went on to represent the Baramati seat for six terms, winning the 2019 election by a margin of over 165,000 votes.

Positions Held: Over the course of his political career, Ajit Pawar has held several high-profile positions:

  • Member of Parliament (MP) in 1991 (later resigned to allow his uncle Sharad Pawar to become Defence Minister) 
  • Minister of State for various government departments starting in 1999 
  • Deputy Chief Minister of Maharashtra on multiple occasions, including most recently since July 2023 
  • Current Minister of Finance and Planning in the Maharashtra government 
  • Leader of the Opposition in the Maharashtra Legislative Assembly 

Ajit Pawar's Net Worth

Controversies: Ajit Pawar’s political career has not been without controversies. He and his family members have faced investigations by agencies like the Enforcement Directorate and Anti-Corruption Bureau regarding their involvement in sugar cooperative units.  He was also accused of irregularities in irrigation projects during his tenure as Water Resources Minister. 

Split from NCP and Alliance with BJP In a dramatic move in July 2023, Ajit Pawar orchestrated a vertical split within the NCP and joined the Eknath Shinde-Devendra Fadnavis government as Deputy Chief Minister.  This was seen as a challenge to his uncle Sharad Pawar’s leadership within the party.

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