The Association for Democratic Reforms (ADR) and Maharashtra Election Watch have analysed the self-sworn affidavits of all 227 winning candidates in the Brihanmumbai Municipal Corporation (BMC) Elections 2026.




Figure: Share of Wealth Among Winning Candidates
|
Value of assets (Rs.) |
No. of winning candidates |
Percentage of winning candidates |
|
5 crores and above |
79 |
35% |
|
2 crores to 5 crores |
75 |
33% |
|
50 lakhs to 2 crores |
44 |
19% |
|
10 lakhs to 50 lakhs |
18 |
8% |
|
less than 10 lakhs |
11 |
5% |
|
S.No. |
Name |
Ward |
Party Name |
Movable Assets (Rs) |
Immovable Assets (Rs) |
Total Assets (Rs) |
PAN Given |
|
1 |
Naravekar Makrand Suresh |
Ward 226 |
BJP |
32,13,04,800 |
92,32,77,810 |
1,24,45,82,610 |
Y |
|
2 |
Sharma Chandan Chittranjan |
Ward 122 |
BJP |
38,96,02,714 |
45,79,88,921 |
84,75,91,635 |
Y |
|
3 |
Narvekar Harshita Ashwin |
Ward 225 |
BJP |
24,39,31,230 |
39,22,75,500 |
63,62,06,730 |
Y |
Table: Top three winning candidates with highest declared assets
|
S.No. |
Name |
Ward |
Party Name |
Movable Assets (Rs) |
Immovable Assets (Rs) |
Total Assets (Rs) |
PAN Given |
|
1 |
Kanade Nirmiti Bibhishan |
WARD 133 |
Shiv Sena |
54,237 |
0 |
54,237 |
Y |
|
2 |
Patel Shamir Ramjan |
WARD 137 |
AIMIM |
83,483 |
0 |
83,483 |
Y |
|
3 |
Ubale Vijay Tatoba |
WARD 140 |
AIMIM |
1,52,733 |
0 |
1,52,733 |
Y |
Table: Three winning candidates with lowest declared assets
S.No. | Name | Ward | Party Name | Total Assets(Rs) | Liabilities (Rs) | Disputed liabilities (Rs) | PAN Given |
1 | Jadhav Yamini Yashwant | WARD 209 | Shiv Sena | 14,57,59,804 | 1,44,41,19,925 | 1,42,92,79,925 | Y |
2 | Naravekar Makrand Suresh | WARD 226 | BJP | 1,24,45,82,610 | 80,17,60,660 | 0 | Y |
3 | Patel Kesharben Murji | WARD 81 | BJP | 36,44,24,658 | 9,50,00,000 | 0 | Y |
Table: Top three winning candidates with high liabilities
|
S.No. |
Name |
Party Name |
Ward |
Total Asset (Rs) |
The financial year for which the last income tax return has been filed by winning candidate |
Total income shown by winning candidate in ITR (Self+Spouse+Dependent) (Rs) |
Self-income shown by winning candidate in ITR (Rs) |
|
1 |
Qureshi Mo Ibrahim Mo Iqbal |
INC |
WARD 92 |
2,75,93,075 2 Crore+ |
2025-2026 |
3,29,20,839 3 Crore+ |
2,48,54,942 2 Crore+ |
|
2 |
Sharma Chandan Chittranjan |
BJP |
WARD 122 |
84,75,91,635 84 Crore+ |
2024-2025 |
1,74,60,310 1 Crore+ |
1,67,47,950 1 Crore+ |
|
3 |
Phanse Yeshodhar Padmakar |
Shiv Sena (Uddhav Balasaheb Thackeray) |
WARD 59 |
25,84,92,238 25 Crore+ |
2024-2025 |
1,26,86,790 1 Crore+ |
1,10,22,010 1 Crore+ |
Table: Top 3 winning candidates with high income as declared in income tax returns
*Total income includes income of self, spouse and dependents
Maharashtra Election Watch
|
Dr. Ajit Ranade Founder member, National Election Watch, Association for Democratic Reforms, |
Mr. Sharad Kumar State Coordinator Maharashtra Election Watch |
Association for Democratic Reforms/ National Election Watch
|
Media and Journalist Helpline
Email: a...@adrindia.org |
Maj.Gen. Anil Verma (Retd) Head Association for Democratic Reforms, National Election Watch 011 4165 4200, adr@adrindia.org, |
Prof Trilochan Sastry IIM Bangalore (Retd.) Founder Member, Association for Democratic Reforms, National Election Watch |
Dr. Ajit Ranade Founder Member, Association for Democratic Reforms, National Election Watch |