Millionaire investor Porinju Veliyath married his son off at the sub-registrar's office, avoiding a large wedding and impressing many.
Across the world, India is known for chicken tikka masala (unfortunately), Bollywood, and our big fat weddings.
Indian weddings are a fun and extravagant affair. A guest list running into the thousands isn’t uncommon. In fact, it is the norm for many ceremonies across the country.
Size and pomp of weddings are correlated to an individual’s wealth.
To each, their own – but it’s hard to digest that crores of rupees are often spent on a single occasion when 360 million Indians live in dire poverty.
Soon after demonisation paralysed most of this country in 2016, Mining baron Gali Janardhana Reddy threw his daughter a wedding so grand that sources estimated he spent no less than a humble Rs 500 crores. The amount allocated in 2015-16 for Women and Child Development was not far off at Rs. 747 crores.
Bucking the trend, however, was millionaire investor Porinju Veliyath, who manages a portfolio of over Rs 1,200 crore. He recently got his son married in Kerala at a sub-registrar’s office. An unusual choice for someone as wealthy!
Avoiding an atypical ostentatious wedding, his only expense was on the two computers requested by the registrar’s office.
My son, @sunnyporinju just got married today; the sub-registrar has requested for couple of computers for office – the only wedding expense? pic.twitter.com/KBuv7Nc5m5
— Porinju Veliyath (@porinju) 3 October 2017
On Tuesday, he posted a tweet which said, “My son, @sunnyporinju just got married today; the sub-registrar has requested for a couple of computers for office – the only wedding expense.”
So why did he choose to keep the ceremony this low-key? “See, that is normal. Even I got married like that. People do things according to their knowledge and wisdom.” Porinju Veliyath told the News Minute.
He also added that he has never felt the need to please people, but takes life as it comes.
“My son lives in the US. When he came here, he told me he wants to get married on short notice, since he had to go back for an assignment. The bride was okay with that, and so we conducted an ‘emergency’ wedding,” the father added.
An image of Veliyath and his wife –
Happy Onam! pic.twitter.com/4ugkQLqKBj
— Porinju Veliyath (@porinju) 4 September 2017
Porinju Veliyath is founder and CEO of a company called Equity Intelligence and is considered to be one of the most well established small-cap stock pickers in the country.