Prashant Kishor's IPAC

Assembly elections are scheduled to be held in West Bengal this year. Political activity has intensified in West Bengal even before the elections. In fact, today, the Enforcement Directorate (ED) raided the office of the political consultant firm IPAC in Kolkata in connection with the coal scam. The ED also raided the home of IPAC chief Pratik Jain. IPAC is a political consultancy firm that works for West Bengal Chief Minister Mamata Banerjee's party, the Trinamool Congress.

While the ED team was raiding the home and office of IPAC chief Prateek Jain, Mamata Banerjee arrived. It is being reported that during the ED raid, Mamata Banerjee left the IPAC office with files and a laptop. This raid has raised questions about IPAC. Let us now explain how Prashant Kishor's IPAC earns money and the company's net worth.

What is IPAC, and how did this company start?

IPAC was founded in 2013 by Prashant Kishor along with his three colleagues, Pratik Jain, Rishiraj Singh, and Vinesh Chandel. Initially, it was named Citizens for Accountable Governance, and later became known as the Indian Political Action Committee. The company's mission is to assist political parties and leaders with election strategy, organizational strengthening, and data-driven decision-making. It was through IPAC that Prashant Kishor handled Narendra Modi's political campaign in 2014. Subsequently, his company worked for Nitish Kumar in the Bihar elections, Amarinder Singh in Punjab, and Jagan Mohan Reddy of the Andhra Pradesh YSR Congress. Since then, IPAC has worked for West Bengal Chief Minister Mamata Banerjee's party, the Trinamool Congress. Prashant Kishor reportedly officially left the company in 2021. Rishiraj Singh, Vinesh Chandel, and Pratik Jain have since become directors of the company.

IPAC earns from the election strategy

IPAC's biggest source of income is consultancy for political parties and leaders. The company provides parties with comprehensive pre- and post-election strategies, including candidate selection, ground surveys, voter data analysis, campaign strategy, social media campaigns, and messaging. Political parties pay IPAC a substantial fee, which varies depending on the project and the scale of the election.

What is the net worth of IPAC?

IPAC is a private political consultancy firm, so its exact net worth is not publicly disclosed. However, media reports estimate the company's value in the millions of rupees, given its large election projects and ever-growing workload. Handling election campaigns in major states across the country and working with political parties over a long period of time has steadily increased IPAC's revenue and influence.