Gujarat Income Tax department on Friday conducted search and seizure operation on more than 30 locations of Khavda Group of Companies. Offices and residences of directors in Gandhidham, Anjar and Bhuj are under the radar of the investigation wing of the I-T department. More than 200 officials are carrying out the operation spearheaded by the Rajkot Income Tax department. On the first day of I-T raid Rs 14 Crores of unaccounted cash was seized from company lockers.
Khavda Group is a business conglomerate. They are into sweets, cooking oil, financial services, mining, real estate and other diverse businesses. The company is owned by Anant Tanna and Ritesh Tanna.
Anant Chamanlal Tanna, is the director of Khavda Exim India. He is associated with five companies including Sea Leaf Resort Private Limited, Khavda Multicom Private Limited, Khavda Finance Limited and others. The total paid-up capital of all companies where Anant Tanna holds active positions is ₹10,297,000.00. He was previously associated with 2 companies, Khavda Properties Private Limited, Holiday Village Resorts Private Limited.
Khavda Exim India Private Limited
One of their companies that was dealing in unaccounted income was Khavda Exim India Private Limited . The company was incorporated on April 16, 2011. Its registered office is in Kachchh, Gujarat. It’s a company limited by shares having an authorised capital of Rs 5 lakh and a paid-up capital of Rs 1.30 lakh as per MCA. It has six directors–major directors include: Vinod Lalchand Lalwani, Anant Chamanlal Tanna, Parag Champklal Premani.
Khavda Multicom Private Limited
Khavda Multicom Private Limited is an unlisted private company incorporated on March 07, 2018. It is classified as a private limited company and is located in Kachchh. Its authorised share capital is 1 lakh and the total paid-up capital is Rs 1 lakh. Khavda Multicom Private Limited has two directors – Anant Chamanlal Tanna and Ritesh Chamanbhai Tanna.
Anant Tanna’s son Dhruv Tanna is the director of Sea Leaf Resort Pvt Limited. This company is also under the I-T radar.
The income tax investigation is still underway.
