Indian businessman Piyush Jain (born between 1969 and 1971; age: 50 and 52) is a wealthy individual. Not just in India, but all around the world, he is renowned for running a multimillion-dollar enterprise. He is most recognized for his investments in numerous well-known firms and corporations.
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Who is Piyush Jain?
Prior until today, he was the sole name in the media, and nobody knew how much money he made or what kind of business he was running. However, on December 23, all Indian media outlets solely aired news about Piyush. According to recent reports on Piyush, he was accused of participating in several criminal activities.
Since Piyush’s home in Kanpur was raided by the top officials of the IT team, he hasn’t spoken to the media, according to the income tax department of India, which revealed that a significant amount of cash and money bundles were discovered there.
We have included additional intriguing information about this news below in our article. You will discover some information about Piyush when reading the whole post, which we have also provided below.
Where was Piyush Jain? Ethnicity, Nationality, Family, Education
Piyush hasn’t been detained for his illicit work since the Income Tax raid, but the internet is buzzing about him. Piyush was born between 1969 and 1971, and he is currently between the ages of 50 and 52, according to sources. He is claimed to have been born in Uttar Pradesh because his ancestors were from that state. At the moment, he lives in Anandpuri, Juhi, Kanpur.
His large residence in Kanpur was the first place the full income tax team conducted a raid. All the officials visited his other home in Kannauj thereafter. At Piyush Jain, numerous locations were searched by IT officers, and large amounts of cash and jewels were discovered.
Regarding his early life and education, the media doesn’t have any information on him. Nobody is aware of his qualifications or the type of business education he received while managing various businesses.
Speaking of the Piyush family, he has been in business for a long time. He and his family were all residing at his Kanpur home before the income-tax raid. Due to the severe rules of the Income Tax authorities, none of his family members have been in front of the media.
The raid on Piyush’s homes and other places began on December 23 and lasted until December 25, 2021. An income-tax official who spoke with the media said that additional investigating teams will search Piyush Jain’s many offices and warehouses across the country.
How did Piyush Jain start his Professional Career?
Sharing about Piyush Jain business then he is a large investor, fundraiser, and businessman having a network throughout the country.
After partaking in the IT raid incident, facts that came out related to Piyush’s company include that he is running more than 40 small and huge firms. All of his illegal and legal works are done through the offices and warehouses of his all different firms.
Being a businessman one of his main companies is Perfume Trading. He deals in high-quality Scents and perfumes not only in India but also exports out of India. The National showroom of his Perfume company is based in Mumbai. From Mumbai’s head office he oversees the supply chain of his fragrances.
Not only this as a businessman Piyush earns by running gas pumps, cold stores, and perfume manufacturing plants in Kannauj, Uttar Pradesh. based on the aftermath revealed by popular media personnel Piyush is also having 2 significant enterprises in the Middle East.
On 23rd December 2021, one of the greatest cash recoveries is done by the Income Tax officials of India. Yes, an amount of Rs 177+ crores cash was recovered by the Income Tax inspector after they raided the house of Kanpur’s famed perfume seller, Mr. Piyush Jain.
According to a statement provided by the Directorate General Of GST intelligence from his office based in Ahmedabad, they have got a tip connected to Tax avoidance by Piyush Jain and beetle nut seller KK Aggarwal.
Based on the tip obtained the team of IT officials and GST team was created who first entered the manufacturing office of Tirumurti Fragrance Pvt Ltd. Trimurti Fragrance Pvt Ltd is involved in making Shikhar Pan Masala and other Tobacco related items. After it, they searched the main office and godown of Ganpati Road Carriers headquartered in Kanpur.
Later they proceeded to the residential house of a business associate of Odochem Industries in Kannuaj. This Industry is heavily concerned with supplying fragrance-making ingredients. All of these factory and residential properties were of Piyush Jain but it is not proven.
After raiding his family property in Kanpur more than cash has been found by IT officers over there. The other house of Piyush is supposed to be located near the Chhiptti locality of Sadar Kotwali region in Kannauj.
After this, his ancestral house in Kannauj has been shut down by the DGGi (director-general GST intelligence) (director-general GST intelligence). It takes one night and 16 for the IT officer to count the Rs 150 Crore cash recovered at Piyush Jain’s house in Kanpur.
Accordingly, a team from SBI of India was there to count all the cash. Earlier 6 note calculating machines were in operation when the counting of notes started but afterward two more money-counting machines were installed to complete the counting of notes as early as feasible.
The images that arrived after the raid reveal that massive bundles of Indian Currency notes were stashed safely in cupboards and containers in the residence. All the currency note bundles were packed and wrapped in a flawless method that they can be readily couriered anywhere outside.
Additionally more not only cash was found a lot of valuable jewelry and chests full of cash were uncovered. Rs 150 Crore sum is still not confirmed it is said that as the investigation is going on additional cash and boxes are located under the basement of the house which may boost the net total of black money recovered at Piyush Jain’s house.
This raid was begun by the GST department as we told you earlier they found the tip and later IT officials were involved.
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