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International

Rags to Riches: The Millionaire Who Begged for Alms

Khabor Wala Desk

Published: 21st January 2026, 5:54 AM

Rags to Riches: The Millionaire Who Begged for Alms

The bustling marketplace of Sharafa Bazaar recently bore witness to the startling unmasking of Mangilal, a man whose outward appearance of extreme poverty hid a flourishing financial empire. For years, Mangilal operated as a “silent beggar,” traversing the streets on a low-slung iron trolley and clutching a pair of shoes to signify his helplessness. His facade of misery was so convincing that he never had to ask for money; the local public, moved by his apparent plight, gave freely.

However, a weekend enforcement drive by the Department of Women and Child Development revealed that the man on the trolley was actually a wealthy property owner and an unlicensed moneylender.

The Business of Sympathy

Investigation into Mangilal’s lifestyle revealed that his “workday” as a beggar was merely the front for a sophisticated lending operation. While he collected a modest sum in daily alms, he used this cash to provide short-term, high-interest loans to the very traders in whose shadow he sat. By nightfall, Mangilal would collect his interest, earning far more than the average labourer.


Asset Summary: The Mangilal Portfolio

Asset CategoryDetailsStatus
PropertiesThree houses, including a three-storey residence.Under investigation.
FleetOne Maruti Suzuki car and three auto-rickshaws.Leased out for daily profit.
Lending CapitalApprox. ₹400,000 to ₹500,000 in active loans.Subject to audit.
Daily Interest₹1,000 to ₹2,000 in passive earnings.Seized by authorities.
Government AidOne flat under the PM Awas Yojana.Acquired via misrepresentation.

A Master of Deception

According to Dinesh Mishra, the lead official in the anti-begging unit, Mangilal had perfected a “no-speech” tactic since 2021 to maximise the pity he received. His wealth was not limited to cash; his personal Maruti Suzuki and a fleet of three rickshaws were consistently rented out, providing him with a diversified income stream.

Perhaps most shocking was his exploitation of the Pradhan Mantri Awas Yojana. Despite his private real estate holdings, he leveraged his physical disability to secure a government-subsidised flat meant for the truly homeless.

Rehabilitation and Judicial Review

Following his arrest, Mangilal was moved to the Sevadham Ashram in Ujjain. The local administration has since initiated a thorough probe into his bank records and property deeds. Officials are also identifying the local businessmen who engaged in his informal credit schemes.

The incident is a significant milestone in Indore’s quest to become a “Beggar-Free City.” Government surveys indicate that out of 6,500 identified beggars, the city has successfully moved 4,500 into legitimate work and placed 1,600 into rehabilitation centres. Mangilal’s case serves as a stark warning to the public regarding the “professionalisation” of street-level begging.

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