On Friday, a diamond trading company paid 43 million rupees (about $695,000) for the item after a three-day charity auction, the Times of India reported.
Modi wore the "pinstriped" outfit to meet President Obama in India last month.
According to TOI, the managing director of the winning company, Dharmanandan Diamonds, said:
"It is worth the price. Our mission was to get the PM Modi's suit at any cost and contribute to the Ganga Cleanliness mission. We are happy that the city has contribute to the mission and the suit stays with us."
Here's another close-up of that sartorial fine print:
Prime Minister Modi's personalised pinstripe suit to be auctioned http://t.co/uCluEH74Q5 pic.twitter.com/43qZCUKkE9
- NDTV (@ndtv) February 17, 2015
Modi's suit with his name on it to be auctioned http://t.co/VrQdyOC71U
- Times of India (@timesofindia) February 17, 2015