Thu Aug 21 04:39:54 UTC 2025: Okay, here’s a news article based on the provided text, aiming for a factual and informative tone:
**Headline: Andhra Pradesh CM Naidu Reflects on Entrepreneurial Journey at Ratan Tata Innovation Hub Launch**
**VIJAYAWADA, August 21, 2025** – Andhra Pradesh Chief Minister N. Chandrababu Naidu drew on his past entrepreneurial experiences at the inauguration of the Ratan Tata Innovation Hub (RTIH) in Mangalagiri, Guntur district on Wednesday. Speaking alongside Tata Sons Chairman N. Chandrasekharan, Naidu recounted his early business ventures and the lessons learned from both successes and failures.
Naidu revealed that prior to entering politics, he founded three companies that ultimately closed due to market challenges. However, his fourth venture, Heritage Foods Limited (HFL), proved to be a resounding success. He credited his wife, Bhuvaneswari, and daughter-in-law, Brahmani, with HFL’s growth, stating that they took over the company’s management after he and his son, Lokesh, dedicated themselves fully to political careers.
“I was at the helm of the company affairs only for a few months, after which my wife and Ms. Brahmani took the reins, as myself and Lokesh have been into politics full-time. It is a matter of pride for me that today Heritage has business in 12 States and its annual turnover is around ₹5,000 crore,” he observed.
He emphasized the transformation of HFL from its humble beginnings in Chittoor district to a publicly traded company with a significant annual turnover, now operating in 12 states. Naidu highlighted the 55x subscription of its IPO as a key indicator of the company’s early success.
The Ratan Tata Innovation Hub is expected to foster entrepreneurship and innovation within the state, and Naidu’s personal narrative served as an inspirational message for aspiring entrepreneurs attending the event.
**Contextual Notes (Not Included in the Article, but Important for Understanding):**
* This article is based solely on the information provided. Additional reporting would be needed to provide a more complete picture of the RTIH launch and its significance.
* The provided text focuses on Naidu’s comments and doesn’t detail the broader purpose or activities of the Innovation Hub.
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