Monday 4 April 2011

G K Aggarwal - Tilak finance Axon Infotech and Shreenath commercial

G K Aggarwal is a chartered accountant who also happens to control 3 companies Tilak finance Axon Info tech and Shreenath commercial

Axxon infotech and shrenath comercial together own 34 percent of Tilak finance (which has gone up form 20 to 150 ) Handful Investrade Pvt Ltd Kayaguru Health Solutions Pvt Ltd (probably owned 100 percent by aggarwal and wife own 25percent)

Giriraj Kishor Agrawal Handful Investrade Pvt Ltd and Kayaguru Health Solutions Pvt Ltd together are listed as sole promoters of axon infotech and own 11 percent

Girraj Kishor Agrawal and Handful Investrade Pvt Ltd own 11 percent of shree nath commercial and are the only entities listed as promoters

All there companies have the EXACT same address as their registered office
E-109, Crystal Plaza, New Link Road,Andheri (West), Mumbai - 400 053.





All there have in the past 3 years witnessed sharp rise in prices without any change in toplines or bottomlines



Aggarwal is director in all 3 companies




In 2009-2010 an amount of 10 crores was raised by axon infotech and shgreenath commercial by allotment in both cases of 50 lakh shares at 20 rs
This year tilak finance raised 16.5 crores by allotting 1.1 crore shares at 15 rs
It has gone up amazingly from 22 to 151 almost vertically
Now they seem busy pumping shree nath commercial
Tilak finance and shree nath commercial are getting into “power projects” whilst shreenath commercial is getting into "diversification into various activities "

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