Mumbai's Siddhivinayak Temple Trust reports record Rs 133 crore earnings in 2024-25; Projects Rs 154 crore for next fiscal

The Siddhivinayak Temple Trust in Prabhadevi has reported annual earnings of Rs 133 crore for the financial year 2024-25. This marks a 15% increase from Rs 114 crore in the previous year. Executive officer Veena Patil announced the figures as the temple’s managing committee presented its annual budget on March 31. The revenue projection for the next financial year 2025-26 stands at Rs 154 crore, a TOI report stated.

Efficient Administration Boosts Revenue

Siddhivinayak's deputy executive officer Sandeep Rathod attributed the increase in revenue to effective administration. "Owing to the administration's efficiency, our income expected to be Rs 114 crore rose to a record Rs 133 crore, surpassing the trust's own estimates by 15%. We have seen if devotees are facilitated with smooth darshan, if queues move swiftly in an orderly fashion, more people can take darshan, thus increasing donations. It ensures a pleasant visit experience. In Siddhivinayak, each devotee gets 10-15 seconds for darshan, which according to me, fares better than other large shrines which grant 5-7 seconds. As a result, people's hearts are inclined to donate more."

Revenue Sources and Utilisation

The temple trust’s revenue comes from 'daan peti' earnings, puja rituals, sales of laddoo and nariyal wadi prasad, online donations, and gold-silver offerings. The funds are allocated for various welfare activities. Rathod explained, "We do adjust revenue assessment for inflation. Even though prices of food items and gold prices have risen, we have seen more items being auctioned in our gold-silver. Prasad is sold on a no-profit-no-loss basis."

Looking Ahead

With the revenue projected to reach Rs 154 crore in 2025-26, the temple trust expects continued growth. The administration aims to maintain efficient operations and enhance the devotee experience to support further contributions.