I have the following concerns which are prohibiting me in making bigger allocation to this company. If anyone can resolve these, I’ll appreciate
- What’s the reason Paras Patel has handed over all the stake to Vishnu bhai ? It’s mentioned that Paras bhai leaving because of health concerns but it’s difficult to believe that someone who has spent 20 yrs building the company will leave so quietly.
- Involvement of Vishnubhai in “Jhaveri credit” is a bigger red flag. How much time and attention Vishnu bhai can pay at Praveg when he seem to have amassed such a large stake in Jhaveri ?
- Solicitors leaving is almost always a bad news. What’s the reason ?
- CFO has left as well.
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