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Now Reading: How BluSmart’s bright future turned grim amid co-founder’s dark secrets

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How BluSmart’s bright future turned grim amid co-founder’s dark secrets

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How BluSmart’s bright future turned grim amid co-founder’s dark secrets

How BluSmart’s bright future turned grim amid co-founder’s dark secrets

AdminUncategorized1 month ago34 Views

BluSmart’s ties with Gensol Engineering, promoted by Anmol and Pramod Jaggi, may end up being too much to bear. A deep dive into how the Jaggi brothers allegedly diverted hundreds of crores that were meant for EV purchases for personal use

BluSmart

users woke to a difficult day on April 16 as India’s first ride hailing cab company with an all-electric fleet suddenly pulled the plug on its services, leaving its riders in Delhi-NCR, Bengaluru and Mumbai scrambling for alternatives and its drivers — many of whom had no idea they had reached a dead end — in the lurch.
The Gurugram-headquartered company abruptly suspended services a day after market watchdog Securities and Exchange Board of India (Sebi) banned brothers Anmol Singh Jaggi and Puneet Singh Jaggi from the securities market for alleged misappropriation of funds in

Gensol Engineering

, the company they co-founded.

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