Raipur. The Income Tax (IT) team has raided the premises of rice millers and other businessmen in Raipur, Durg, Bhilai and Bilaspur. The IT team has been investigating the premises of Satyam Balaji Group in Raipur since morning. Documents are being scrutinized. There is a possibility of tax evasion on a large scale.
According to information received from sources, the IT team has raided the houses and offices of businessmen located in Ramsagarpara, Rathore Chowk, Jawahar Market in Raipur. A large number of Income Tax Department officials are engaged in the investigation.
Raipur Based Satyam Balajee Rice Industries Private Limited (SBRIPL) erstwhile known as Satyam Balajee was established in 2005 by Mr. Purushottam Agarwalla and Mr. Pradeep Agarwalla, is engaged in the processing of parboiled and white rice in the non-basmati segment with the installed capacity of 115200 MTPA.
Satyam Balajee Group has cemented its position as India’s front-runner in grain manufacturing and exportation. Himanshu Agarwal has been the Managing Director. “I’ve embraced the challenges of international commerce, fostering robust business development and strategic planning. My directive at SATYAM BALAJEE RICE INDUSTRIES PRIVATE LIMITED aligns with our core values, projecting a culture of excellence and a global mindset. The diversification into the automotive sector through Jaguar Land Rover marks a strategic expansion, infusing the luxury brand’s ethos with our business acumen. Our mission intertwines with the company’s legacy, propelling growth and innovation while nurturing partnerships across industries”, reads his bio on Linkedin.
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