Richest Akhada Among 13: Property & Income Sources Revealed

Akharas have multiple sources of income, which come not only from devotees' offerings but also from their properties and religious activities. These funds help sustain their religious and social responsibilities.

Income from Temples, Ashrams, and Schools

Many major Akharas manage some of India's most prominent temples, which attract thousands of devotees daily. Offerings made by devotees contribute to an income worth crores of rupees. Additionally, several Akharas operate educational institutions and cow shelters, which generate a steady revenue stream.

Donations from Devotees

Devotees have a long-standing tradition of donating gold, silver, cash, land, and houses to Akharas. This practice dates back centuries when kings and wealthy merchants made significant contributions.

Government Grants and Property Rentals

During major events like the Maha Kumbh, state governments provide financial aid to Akharas to support their preparations and religious activities. Moreover, many Akharas own valuable land in major cities and pilgrimage centers, which they lease out, generating significant revenue.

How Do Akharas Spend Their Income?

The vast wealth received by Akharas is utilized for religious and social activities. Large amounts are spent on organizing grand fairs such as the Kumbh Mela, setting up pandals, providing accommodations for saints and monks, and managing religious events. Additionally, a significant portion is allocated to the maintenance of temples, ashrams, and other properties owned by Akharas.

Expenses for Akhara Management and Religious Tours

Akharas provide allowances and essential facilities to the saints and staff residing in them. Furthermore, religious leaders from Akharas travel across India and abroad for religious discourses and programs, leading to considerable expenditures.

Which is the Wealthiest Akhara?

India has 13 major Akharas, some of which hold assets worth thousands of crores. Niranjani Akhara is considered the wealthiest, with an estimated asset value of over ₹1,000 crore.

Properties of Niranjani Akhara

Niranjani Akhara owns monasteries and ashrams in multiple cities, including Prayagraj, Haridwar, Nashik, Ujjain, Varanasi, Noida, Jaipur, and Vadodara. It holds property worth over ₹300 crore in and around Prayagraj alone.

Assets of Other Akharas

Nirvani Akhara owns thousands of acres of land in Faizabad, Gonda, Basti, and Pratapgarh, along with managing several key temples.

Nirmohi Akhara holds valuable land in Basti, Manakpur, and Khurdabad. It has historically been a significant party in the Ayodhya dispute.

Khaki Akhara was granted four bighas of land during the reign of Nawab Shuja-ud-Daula, which has now significantly expanded. It owns properties in Basti and other locations.

Are Akharas Subject to Income Tax?

Akharas must be registered under the Society Act and disclose their income and expenditures under the Income Tax Act. These religious institutions receive tax exemptions under Section 12A of the Income Tax Act, provided they allocate at least 85% of their income to charitable activities. If this requirement is not met, the Income Tax Department can issue notices. After the Prayagraj Kumbh, the Income Tax Department sent notices to 13 Akharas regarding compliance.

Akharas play a vital role in India’s spiritual and cultural heritage, managing temples, religious institutions, and community welfare programs. While their income is substantial, strict guidelines govern its usage to ensure it benefits religious and charitable causes.

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