Great stuff @spartan, thanks for sharing it.
Can you also check from your source about the corporate structure of the company – about the subsidiaries and the group entities?
Focus route raw materials and if i understand correctly, sales (should be for trading) also through group entities like Sheth Vinod Lighting pvt ltd (erstwhile Shantilal Bros), looks like this is a biz established by the MD’s father. They have no plans to merge this.
There are other group entities like Arion, Jay Pharma Exim – with which they have related party txns.
They also have a new subsidiary – Xandos lighting – as a response to my question to the company management they said Focus joined hands with other promoters in some segment. They will solicit business with focus prod/tech behind. Outside promoters necessitate a separate entity with 51% ownership.
Can you check if this is normal like usually in family run business? and nothing shady in it? In my view, this is the major point I want to verify.
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