Jun 23, 2017

Ripu Sudan Kundra, Shilpa Shetty and Viaan Industries

Ripu Sudan Kundra is the real name of Raj Kundra, husband of Shilpa Shetty and owner of Rajasthan Royal Cricket team. Both floated a company called "Viaan Industries" which listed on 20-02-2014.

Ripu Sudan has connection with scam. One is VAT scam where using bogus company, NRI etc do trading to cheat govt their VAT.
Another is regarding Rs 9cr fraud a Kolkata firm claimed.

Now, if you are a regular reader, then you may be thinking why I posted these things! Because I don't post about these things. Right.

I just tumbled on Viaan Industries where Raj Kundra has put Rs 11 Lakh in Insider trading. I checked Viaan Industries then I remembered that I had info about the company but didn't find any meaning for investment purpose that time.

This time, promoter himself has put money but Rs 11 Lakh is nothing. Also, business is again not clear. May be, this business to hide money of rich or his own. :)

Viaan is a mobile brand too launched in 2015. But, I don't think, it is going to work. What do you think about this mobile venture?
The unique selling point (USP) of Viaan mobiles is V-Assist, which focuses on giving network services to the users across the world. V-Assist also gives customized services to its users with assistance in travel, entertainment, shopping, gifting and utilities. The Company has launched its mobile games under Viaan Studio division. The Company has launched various phones, which include V-1.8, Encore, Empower, Emerge and Eternal.
So, What I mean is I am going to avoid this stock (Viaan Industries) despite of its charm.Viaan is his son's name.