I-T raids on Ravi Foods, related real estate firm

Hyderabad | Thursday | 15th November, 2018

Summary:

Ravi Foods promoters are also directors of DSA Builders and Promoters. Ravi Foods Ltd incorporated in 1988 and ran industry at Katedan in the city. Ravi Foods is a Rs 1500-crore revenue-earning company, including Rs 400 crore exports.Sources told TOI that searches were conducted on the residences of the key promoters of Ravi Foods identified as Ravinder Kumar Agarwal, Rajender Kumar Agarwal and Kedarnath Agarwal. Income Tax sleuths are searching for evidence on tax evasion. Interestingly, Maddi Narasaih of Shanta Sriram constructions is also a director of the real estate companies now being searched along with Agarwals..