Reliance’s Quick Supply Chain Private Limited is the third largest electoral bond buyer
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Quick Supply is a lesser-known company with its registered address in Dhirubhai Ambani Knowledge City (DAKC), Navi Mumbai and linked to Reliance Industries. It purchased electoral bonds worth Rs 410 crore between financial years 2021-22 and 2023-24. However, Reliance said that this company is not a subsidiary of any unit of Reliance.
New Delhi. Quick Supply Chain Private Limited was the third largest donor to political parties using electoral bonds. Quick Supply is a lesser-known company with its registered address in Dhirubhai Ambani Knowledge City (DAKC), Navi Mumbai and linked to Reliance Industries. It purchased electoral bonds worth Rs 410 crore between financial years 2021-22 and 2023-24. However, Reliance said that this company is not a subsidiary of any unit of Reliance.
According to information uploaded by the Election Commission on its website, behind the purchase and donation of electoral bonds by Kwik Supply are another lesser-known lottery company, Future Gaming & Hotel Services (Rs 1,368 crore) and Hyderabad-based Megha Engineering & Infra (Rs 966 crore). Rs) was involved. Publicly received information describes Kwik Supply as a manufacturer of warehouses and storage units.
The unlisted private company was incorporated on November 9, 2000 with an authorized share capital of Rs 130.99 crore. Its paid-up capital is Rs 129.99 crore. The company’s revenue for April 2022 to March 2023 was more than Rs 500 crore. However, the profit figure is not known.
Disclaimer: IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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