Donating of hair at the Tirupati is no uncommon feat and anyone with a wish fulfilled, normally donates his hair there. The business side of it sees that all the hair is actually making a lot of profit for the temple.
IT IS no O'Henry story about Jim and Della and no one would be getting any gifts of the Magi from the hair sold, yet this is also a success story. The people who will profit from selling hair in this story is the Tirupati Tirumala Devasthanam. In an e-auction, Tirupati sold a total of 89,413 tonnes of hair for a whooping amount of Rs 61.72 crore.
As we all know, Tirupati is one of the most famous religious places in India where people go with a wish and donating hair is also a big ritual among them. Not only Indians but people from outside India also come to donate hair at this temple. It is believed by the devotees that by donating their hair they are making Lord Venkateshwara Swami, the deity of TTD happy. Thus all kinds of hair is found in the temple.
In the latest auction, the hair was separated in various varities depending on their length as was instructed by KS Srinivasa Raju. These varieties was then put up for auction online and bidded to be sold. As per their official numbers and as reported in oneindia.in, the hair with the length of between 16 to 30 inches put up for auction fetched the TTD an amount of Rs 53.54 cr at a bidding price of Rs 18,700 per kilo. Not only this, the TTD also became rich with hair length between 10 to 15 inches, which earned them a profit of Rs 6.18 crore and the other variety of hair of 5 inches to 9 inches got them around 93.57 lakh. Hair shorter than 5 inches also did not disappoint as it fetched them a total of 40 lakh and grey hair got Rs 65.18 lakh.