As Vice-Chairman of Aurobindo Pharma, K Nityananda Reddy, resisted the abduction bid, bullets went off in the scuffle but nobody was hurt, police said.
The weapon used by the accused was the same that was lost by anti-naxal force Grey Hounds in December last year.
As soon as Reddy got into his car after a morning walk at Kasu Brahmananda Reddy park at around 7.15 am, the attacker entered from the other door and pointed the AK-47 rifle at him and demanded money, they added.
Making a statement on the incident in the state Assembly today, Telangana Chief Minister K Chandrasekhar Rao said, "When the victim resisted, there was a scuffle, in which the bullets went off the fire arm into the air breaking the wind shield. Meanwhile, Prasad Reddy, Nityananda's younger brother, came to rescue him and tried to catch the assailant, who injured Prasad by biting his hand and escaped from the scene, leaving the rifle in the car."
Talking to reporters about the incident, Nityananda said, "Suddenly this man came and threatened me with the gun. I tried to catch hold of the weapon and also shouted for help. My brother came and tried to catch him. The person fired some four rounds at my car before fleeing."
Asked if he had received any threats or extortion demands earlier, he replied in the negative.
