Money is just a simple tool, but we are making it too big. Without money, we would be dealing in a barter system, but now we have a more effective mechanism – and that is all it is. Money can only create external pleasantness, not inner pleasantness.
This is what Jadageesh alias Jaggi Vasudev has to tell to his devotees about Money.
But when it comes to Money, Jaggi’s way are different.
To know this Lets list his companies … (With Existing Directors|| Resigned Directors) Existing directors are mentioned just after name and former directors are mentioned are “||”
TRISHUL SHELTERS PRIVATE LIMITED – MOUMITA SEN SARMA,PUNEET NANDA,SWAMINATHAN VELLIANGIRI || BHARATHI VARADARAJ,RADHE JAGGI,RUCKMINI KARTHIKEYAN
ISHA BUSINESS PRIVATE LIMITED – VINOD HARI,BHOJARAJAN RAJESH CHANDER,ARULJOTHI || RUCKMINI KARTHIKEYAN,PALANINATHAN RAVICHANDRAN,KUGALUR ELAYAKUMAR ARUNAGIRI,BHARATHI VARADARAJ
ISHA CAPITAL PRIVATE LIMITED – VENKATRASA RADHAKRISHNAN,KUGALUR ELAYAKUMAR ARUNAGIRI,LAXMINARAYANAPURAM KRISHNAN NARAYAN || PALANINATHAN RAVICHANDRAN,BHARATHI VARADARAJ
TRISHUL FOUNDATIONS PRIVATE LIMITED – SWAMINATHAN VELLIANGIRI,MOUMITA SEN SARMA || RUCKMINI KARTHIKEYAN,BHARATHI VARADARAJ
ISHA CRAFTS PRIVATE LIMITED – BHOJARAJAN RAJESH CHANDER,ISAAC VENKATRANGAN LALITHA ||BHARATHI VARADARAJ,DORAIRAJ GANESHAN,DAMODARAN SENTHILKUMAR,ARULJOTHI
ISHA INSTITUTE OF INNER SCIENCES – SWAMI DEVASATWA,SEETHUR MANJAPPA HEBBAR SWAMI NISARGA,BHOJARAJAN RAJESH CHANDER || BHARATHI VARADARAJ,KUMARAVEL MURUGAN GOVINDARAJ
ISHA LIFE RESEARCH FOUNDATION– RADHE JAGGI,BHOJARAJAN RAJESH CHANDER,VINOD HARI ||MURUGAN KESAVAPILLAI
ISHA NATURAL BEAUTY PRODUCTS & WELLNESSPRIVATE LIMITED – UMA AGARWAL,DEEPAK TYAGI,PUNEET NANDA,AMAR AGARWAL||KAMAL KUMAR PANDEY,LAXMINARAYANAPURAM KRISHNAN NARAYAN,GEETANJALEE AGRAWAL
KRISHI LAND FARM DEVELOPERS PRIVATELIMITED – MOUMITA SEN SARMA,PUNEET NANDA || KRISHNA PRASAD SUDHIR NAIR
ISHA NATURO ORGANIC SOLUTIONS PRIVATELIMITED – MOUMITA SEN SARMA,ISAAC VENKATRANGAN LALITHA,LAXMINARAYANAPURAM KRISHNAN NARAYAN
ISHA AROGYA PRIVATE LIMITED – SWAMINATHAN VELLIANGIRI,ISAAC VENKATRANGAN LALITHA,VENKATA SUBBA REDDY VEMPALLE || ARULJOTHI
ISHA LIFE FITNESS SYSTEM PRIVATE LIMITED – GOPAL KRISHNAMOORTHY,LAXMINARAYANAPURAM KRISHNAN NARAYAN,KUGALUR ELAYAKUMAR ARUNAGIRI || DAMODARAN SENTHILKUMAR,KUMARAN KANDASAMY
UZHAVAN AGRO SOLUTIONS PRIVATE LIMITED – GOPAL KRISHNAMOORTHY,MOUMITA SEN SARMA,VENKATRASA RADHAKRISHNAN,KUGALUR ELAYAKUMAR ARUNAGIRI
Isha foundation is building a gigantic business empire while we speak more we should speak a bit about few famous directors in these organisations.
1.Puneet Nanda – A volunteer at Isha Foundation who got more proximity toward Jaggi Vasudev after Bharathy Varadaraj left the organization. He is the son of famous Satya Paul. Puneet claims to leave a Sanyasin lifestyle but active into Jaggi’s major Businesses
2. Radhe Jaggi – Daughter of Jaggi Vasudev. Director in two of the major entities.
3. Moumita Sen Sarma – Director with Isha Foundation and Former VP of ABN AMRO. Post exit of Bharati Varadaraja she was controlling the major business with her corporate experience,
4. Swaminathan Vellangiri – Not known much of his background, Just appears as director in many of Jaggi’s Benami Firms.
Where did this began ?
Jaggi as the founding director of Thrishul Shelter Private Limited in 2005
Browsing to the last page shows that Jaggi alias Jagadish Vasudev in 2005 Declared Himself as a Business Person and were appointed as the first director the company Thrishul Shelters Private Limited. Interestingly He is no more a director and not seen in past director list.
It’s not ending there, Jaggi was an equal share holder along with Bharati Varadaraja and Ruckmini Karthikeyan.
But the twist is interesting, The company was started in 1995 by P Karthikeyan and Ruckmini Karthikeyan but now owned by Jaggi and Family. What Would have happened to Ruckmini and Karthikeyan ? One fine morning in 2013 Jaggi used his might to bring his daughter and Puneet Nanda to the board of Directors by force and then by taking over the entire wealth of Karthikeyan, Ruckmini and Bharathi Varadaraj.
Interestingly the Company started with Ruckimini giving her landing as lease to Thrishul Shelter
So I hereby publish the letter wrote by Ruckmini to Government of India.
I am the promoter Director of the Company, Trishul SheltersPvt Ltd. The Company was incorporated on 1995 and I was actively involved along with my husband and ex-CEOMr.P.Karthikeyan since incorporation. The Company was incorporated with a share capital of Rs.100000/-.
As on date, our shareholding in the Company stands as 32.33%which is 32.33%of the total shareholding of the company.
Now after 8 years of my hard work and the company which has been started with a capital of Rs.1,00,000 now has assets worth as per last Audited Balance Sheet stood as Rs.5,28,00,000 with market value manifolds.
To induct Miss.Radhe Jaggi into the Board I have been targeted by the other membersof the Board of Directors. There was flurry of activity in the company with lot of behind the scene work in the affairs of the company. I apprehend these are the attempts to divert the assetsand land banks of the company in which I am the promoter Director.
Apart from other issues the following actsof oppressionhasbeen initiated by the present Board of Directors:
- Two Board Meetings were conducted at the remotest place with 12 hours notice to attend without proper agenda being circulated. This is a gross violation of Articles of Association of the company and provisionsof Companies Act 1956.Needless to say, it is a gross corporate misgovernance on the part of the Board of Directors.
- Nomination of two more Additional Directors, Puneet Nanda and Velliangiri Subramaniam has been done with an attempt to dilute my control over the affairs of the company , which was never informed to me. Neither the minutes of the meeting sent to me inspite of repeated reminders nor I have been intimated about the same.
- Change of Authorized signatories in the Bank operation to dislodge me from the operations of the company.
- On 22.7.2013,Mr.Sudir Nair, a person totally unconnected with the management with a recent authorisation as Chief Operations Officer, has barged into my office and threatened me of dire consequences .
In view of continuous harassment and oppression against me as a Director of the company, I am unable to continue the Directorship of the Company.
I hereby resign from the Directorship of the Company w.e.f 2nd August 2013.
By this resignation, I wish to reiterate my right as a shareholder and promoter of the company remains same and I reserve my right to initiate appropriate action, civil and criminal against the oppression by the Board of Directors and majority shareholdersand any person claiming under them.
Why Bharathy just kept it plain by saying it’s due to her personal commitment and other responsibilities she wanted to exit Thrishul Shelters Private Limited.
This is just the beginning. Will Be speaking about more of His business entities in coming blogs.