Wednesday, October 17, 2012

run profitably and shut down a couple of

chanel perfume


Status: Running
Empress Paper Mills: Was part of now-defunct Empress Mills of
Jamshedji Tata in 1877. It had a paper division, which was
taken over by Gadkari under the aegis of the workers' union
for a token rupee. He invested sizeable amount in the
venture, including getting a new boiler for the plant. The
business could not run profitably and shut down a couple of
years after Gadkari took over in 2000.
Status: Defunct
Poly Industry Sack Society: Began as a cooperative by Gadkari
in the 1990s. It had a loan of close to Rs 20 lakh from
Maharashtra State Finance Corporation (MSFC). Capital was
raised from around 5,000 members. The business ran for 10
years and was shut down after that due to losses. Another
Gadkari group factory is presently making solar equipment at
the site in Hingna MIDC industrial estate near Nagpur.
Status: Defunct
Nikhil Furniture: Gadkari was associated with furniture
business in the 1990s with local promoter Vijay Kewalramani.
It's now run by Rajesh Totde. Current owner says Gadkari has
no interest in it now, and even earlier he hadn't any formal
partnership agreement. Veterans remember Gadkari manning the
counter at this furniture shop at Sitabuldi. Nikhil is
Gadkari's elder son
Status: Run by local businessman, no active involvement of
Gadkari