Vijayasai Reddy to launch new party in Andhra Pradesh after YSRCP exit
Synopsis
Key Takeaways
Former YSR Congress Party (YSRCP) MP V. Vijayasai Reddy on Wednesday, 19 August announced plans to float a new political party in Andhra Pradesh, marking a dramatic reversal from his earlier declaration of retirement from active politics. The announcement came after Reddy offered prayers at the Tirumala temple in Tirupati.
The Announcement
Speaking to reporters after his visit to Tirumala, Vijayasai Reddy said he is launching the party on behalf of the people and to raise their voice. He added that he would lay out his full political roadmap at a press conference in Vijayawada later this month. Notably, Reddy had earlier stated he would not be joining any existing political party — a position his new launch technically upholds, even as it contradicts the spirit of his retirement announcement.
From YSRCP Strongman to Political Outsider
Vijayasai Reddy resigned from the YSRCP and from the Rajya Sabha in January 2025, ending a political association that stretched back to the party's founding in 2010. He had served as the party's general secretary and parliamentary party leader, and was widely regarded as one of the most influential strategists behind YSRCP's landslide victory in the 2019 Andhra Pradesh elections. At the time of his resignation, he described his decision as entirely personal and said he would remain indebted to the YSR family for four decades of support across three generations.
A Decades-Long Association With the YSR Family
A Fellow Chartered Accountant (FCA) and policy practitioner by profession, Vijayasai Reddy served as the personal auditor of the YSR family for four decades. He was appointed to the Tirumala Tirupati Devasthanams (TTD) trust board during the tenure of former Chief Minister Y. S. Rajasekhara Reddy (YSR). After YSR's death in a helicopter crash in 2009, Reddy grew closer to Y. S. Jagan Mohan Reddy and backed him when Jagan broke away from the Indian National Congress to form the YSRCP in 2010.
Legal Shadow: The CBI Disproportionate Assets Case
Vijayasai Reddy's political career has not been without legal controversy. He was named accused number two in the disproportionate assets case filed by the Central Bureau of Investigation (CBI) against Jagan Mohan Reddy. The CBI alleged that Reddy was the architect behind a network of shell companies used to route funds into Jagan's firms, including Jagathi Publications. He was arrested in 2012 and spent approximately 100 days in custody before being released on bail.
2024 Setback and What Comes Next
Despite his influence within the party, Vijayasai Reddy lost the 2024 Lok Sabha election from the Nellore constituency. That defeat, combined with the YSRCP's rout in the 2024 Andhra Pradesh assembly polls, appears to have reshaped his political calculus. The full contours of his new party — its name, ideology, and alliance prospects — are expected to be revealed at the forthcoming Vijayawada press conference.