Niranjan and Surendra Hiranandani, are two brothers who founded the Hiranandani Group in 1978. They constructed a number of projects in Maharashtra over the past forty years. Niranjan Hiranandani is the co-founder and MD of the Hiranandani Group of Companies. He also runs an independent business unit in Hiranandani Communities. Surendra Hiranandani is the Founder of the Hiranandani Group of Companies. In this article, we will look at the details of the Hiranandani group income tax raid.
Hiranandani Group Income Tax Raid Detail
The Income Tax Department (IT) conducted an investigation at facilities associated with the developer of the Hiranandani Group in connection with the undisclosed foreign assets.
IT personnel searched three subway offices, retail galleries, and living quarters owned by senior officials working for the group, including its chief financial officer (CFO).
Pandora documents say the raids have been conducted in about 24 locations in Mumbai, Chennai, and Bangalore. Including the homes of some high-ranking officials, and alleged beneficiaries of undisclosed offshore trusts. A Pandora Documents leak last year claimed that Niranjan and several members of his family were beneficiaries of a trust worth more than $60 million.
Officials have examined documents and electronic records of the group’s financial and sales transactions. Hiranandani is a leading company with interests in a variety of industries, including construction, healthcare, and energy. The Income Tax Service confirmed that a raid was conducted on the Hiranandani property, but did not provide further details.
The Group has already clarified that offshore trusts/assets held abroad by family members are fully reputable and comply with all laws.
The brothers recently shared 90% of the group’s assets in the metropolitan area of Mumbai. The brothers split the property in Mumbai after operating under the same roof for 40 years. Brothers and co-founders of Hiranandani Developers Niranjan and Surendra Hiranandani have divided some of their company’s joint real estate projects in the Mumbai Metropolitan Area (MMR).
Niranjan Hiranandani family
Niranjan Hiranandani is married to Kamal Hiranandani. He has two children Darshan and Priya.
Founder and CEO of House of Hiranandani, Surendra Hiranandani has an unparalleled talent for transforming desolate land into one of India’s most dynamic residential destinations.
Indian-born entrepreneur Surendra Hiranandani is the co-founder and CEO of Hiranandani Group, a real estate company. In 2018, he renounced his Indian citizenship to become a Cypriot citizen.
Surendra Hiranandani family
Surendra Hiranandani was born in Bombay in 1954. His father was Rakmal Hiranandhi Hiranandani, an otolaryngologist who was awarded Padma his Bhushan by the Government of India.
He has two older brothers named Navin and Niranjan. Hiranandani descended from the Sindhis.
He has two daughters, Neha Hiranandani and Komal, and a son, Harsh, with his first wife Priti, whom he divorced in 2009. In December 2012, he married Akshay Kumar’s older sister, Alka Bhatia.
After the settlement, Niranjan Hiranandani owns a 250-acre area in Powai. And Surendra Hiranandani receives a 350-acre area project in Thane.
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