Oct 31, 2013

Yash Birla Group Companies is now beginning to hurt investors

dear yashwant ji, need your precious advice on Yash Birla Group Of companies as i found that they are not backing the maturity proceeds of FDR taken by general public especially from two Yash Birla Group companies, Zenith Birla (India) and Birla Power Solutions.

one of my near one & myself has become victim of this group as we had invested 10000 each in group companies like birla cotsyn, birla power & zenith birla for 3year & 1 year. FDR no 0055990 taken on 10/10/2012 has been matured on 9/10/2013 but is still due for payment.

i had send FDR to registrar which was duly acknowledged by them on 30th sept & since than getting no response from organisation. neither their contact no provided with company registrar for registered office , corporate office nor company secretary & customer grievance redressal compliance officer contact no nor any of their email provided are working.

had sent several email to the Yash Birla companies for their responses. Till the time of writing this message, i have not received any answers from them.

kindly guide as what should one do & how can he proceed further for legal process under IPC apart from filing complain with ministry of corporate affairs, company law board etc.

i had checked on several blogs that group is now beginning to hurt investors who have trusted their money to unsecured fixed deposits of a clutch of companies. Investors are writing complain that they are not getting back their maturity proceeds by yash birla group.


nitin rathi

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