Inside ₹226 crore net worth of Badruddin Ajmal, Assam’s richest MLA – luxury cars, Mumbai flats and more
Badruddin Ajmal, the newly-elected MLA in Assam, comes from the family behind Ajmal Perfumes, has declared net worth of about ₹226 crore in the affidavit he filed with election commission before contesting elections.
The Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) scripted a record victory in the Assam Assembly elections, bagging 102 of the 126 seats to retain power for a third straight term.
The BJP won 82 seats — 18 more than the simple majority mark of 64 — while its regional allies, Asom Gana Parishad (AGP) and Bodoland People’s Front (BPF), won 10 seats each.
The Congress, which counted on its alliance with five other parties, managed just 19 seats, its poorest performance since losing power to the BJP in 2016, after 15 years in power.
Perfume baron Maulana Mohammed Badruddin Ajmal is the richest Member of Legislative Assembly in Assam elections, the results of which were announced on 1 May. The AIUDF chief, who is also a former Member of Parliament from Dhubri, won from the Binnakandi seat in Hojai district.
Ajmal has declared a net worth of about ₹226 crore in the affidavit he filed with the Election Commission before contesting elections, according to a report by the election watchdog, Association for Democratic Reforms (ADR).
Ajmal comes from the family behind Ajmal Perfumes, a well-known fragrance business, and is often called a ‘perfume baron.’ He is also associated with religious and social organisations, including Jamiat Ulema-e-Hind (Assam unit) and runs the Ajmal Foundation, which works in education and healthcare.
Ajmal is followed by Sewli Mohilary of the BPF as the second-richest MLA, with a net worth of ₹63 Crore. Chief Minister and BJP MLA Himanta Biswa Sarma is the third-richest MLA, with a declared wealth of ₹35 crore.
After being deserted by the Congress, the All India United Democratic Front (AIUDF) contested 27 Assembly seats, but only Ajmal and Majibur Rahman registered victories in Binnakandi and Dalgaon, respectively.
Ajmal defeated his rival from the Asom Gana Parishad (AGP), a BJP ally, while Rahman won against an Independent candidate in the North Assam seat.
The party had won 16 seats in the 2021 Assembly elections when it contested as part of the Congress-led Opposition alliance.
Inside Badruddin Ajmal's ₹200 Cr net worth
Movable Assets: The total value of movable assets for Mohammed Badruddin Ajmal is ₹52,43,30,586, while his spouse's total is ₹31,08,764.
Cash in hand: Ajmal has declared Rs. 11,32,221 cash in hand.
Bank Deposits: ₹9,73,40,089, including savings and fixed deposits with HDFC, ICICI, DCB, IDBI, and SBI.
Ajmal's investments (Bonds/Shares) are worth ₹10,89,94,032. This consists of market-valued shares in listed companies ( ₹2,94,949) and book-valued shares in private firms ( ₹10,86,99,083), including significant holdings in Ajmal Estates & Properties Pvt. Ltd. and Ajmal Fragrances & Fashions Pvt. Ltd.
Personal Loans/Advances: ₹29,79,90,629.
This includes capital in firms like Ajmal & Sons ( ₹9.44 crore) and property advances, such as ₹10.53 crore to Awfi Real Estate Pvt. Ltd.
Ajmal owns cars which include a BMW M340I Xdrive (valued at ₹81.76 lakh), three Toyota Innova, a Ford Ecosport, and a Maruti Suzuki Gypsy King.
He also owns 188.7 grams of gold, valued at ₹31,85,822.
Immovable Assets
The total current market value of immovable assets for Mohammed Badruddin Ajmal is ₹1,69,90,97,404, and for his spouse, it is ₹3,65,63,826.
Agricultural Land: Market value of ₹55,47,298 for land in Changmagi Pather, Assam.
Non-Agricultural Land: Market value of Rs. 1,11,63,50,106.
These properties are spread across various locations, including Khandala (Maharashtra), Hojai Town (Assam), and Bangalore Rural (Karnataka).
Residential Buildings: Market value of ₹57,72,00,000.
Notable properties include two residential flats at Maker Towers, Mumbai, a flat at Nizamuddin, Delhi, and a flat at Shafi Castle, Mumbai.
Other details from the ADR report
Party-wise crorepati winning candidates: 74(90%) out of 85 winning candidates from BJP, 14(74%) out of 19 winning candidates from Congress, 8 (80%) out of 10 winning candidates from Bodoland Peoples Front, 6(60%) out of 10 winning candidates from Asom Gana Parishad, 2(100%) out of 2 winning candidates from Raijor Dal, 2(100%) out of 2 winning candidates from AIUDF and 1(100%) out of 1 winning candidate from AITC have declared assets worth more than ₹1 crore.
Average Assets: The average of assets per winning candidate in the Assam Assembly Elections 2026 is ₹8.82 Crores. The average of assets per MLA in the Assam Assembly Elections 2021 was ₹4.59 crore.
- The average assets of winning candidates have significantly increased, indicating a trend towards wealthier politicians.
- Badruddin Ajmal, with assets over ₹226 crore, exemplifies the growing influence of affluent individuals in politics.
- The BJP's record victory demonstrates the party's continued dominance and the shifting political alliances in Assam.
About the Author
Gulam Jeelani is Political Desk Editor at LiveMint with over 16 years of experience covering national and international politics. Based in New Delhi, Jeelani delivers impactful political narratives through breaking stories, in-depth interviews, and analytical pieces at LiveMint since February 2024. The expertise in video production fuels his current responsibilities, which include curating content and conducting video interviews for an expanding digital audience.<br><br> Jeelani also travels during elections and key political events and has covered assembly elections in key states apart from national elections. He has previously worked with The Pioneer, Network18, India Today, News9Plus and Hindustan Times.<br><br> Jeelani’s tenure at LiveMint and previous experience at print and digital newsrooms have honed his skills in creating compelling text and video stories, explainers, and analysis that resonate with a diverse viewership.<br><br> Before moving to New Delhi in 2015, Jeelani was based in Uttar Pradesh, where he worked for five years as a reporter. In 2018, Jeelani was one of the two Indian journalists selected for the Alfred Friendly Fellowship in the US. There, he attended training workshops on reporting and data journalism, and he was attached to the Minneapolis Star Tribune in Minnesota, where he worked as a reporter.<br><br> Jeelani is a Bachelor's in Chemistry and holds a Masters Degree in journalism and mass communication from Aligarh Muslim University. Outside work, he enjoys poetry, cricket and movies.
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