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Showing posts from November, 2022

Kewal Ahuja Franchising Fraud in SGF India: Kewal Ahuja, Director Allegedly Involved in Siphoning of Funds

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  Kewal Ahuja , director of SGF is one among them who misrepresented his business model to the franchisees, Franchising in India has witnessed a four-fold growth since 2013 and is estimated at USD 50.4 billion currently. During COVID, most of the corporate professional tried their hands on opening an own business specially food and beverage industry. Some businessmen create modus operandi to fraud innocent investors to dupe their money by selling their franchise. SGF was incorporated dated January 29th, 2019, with the main objective of providing food services and their ancillary objective included the business activities related to this industry and having Liaison offices and services rendering. Kewal Ahuja  SGF , director of the firm, misrepresented the business model to the franchisee and promised higher returns which turned out to be not true. The fee collected by SGF, was not reported to regulators such as Income Tax Department and GST Council under regulatory filings. SGF is non-c

Franchise fraud: Kewal Ahuja, SGF on the run; company non-complaint in income tax and MCA filings as well

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  The franchising business is growing at a healthy 30–35% per year in India and is expected to reach $ 100 Billion in 2024. Delhi NCR’s bustling markets greets you with the choicest of top brands. Many corporate professionals as well as an innocent salaried middle-class youth have been interestingly seen taking a plunge into this franchisee business. It is crucial to pick the most trustworthy food franchise in which you can put your faith to enable you to succeed. You ought to earn a satisfactory reward for all of your hard work. The franchising business is growing at a healthy 30–35% per year in India and is expected to reach $ 100 Billion in 2024. Delhi NCR’s bustling markets greets you with the choicest of top brands. SGF (Spice, Grill and Flame) is one among those franchisees, incorporated dated January 29th, 2019, with the main objective of providing food services and ancillary objective included the business activities related to this industry and having Liaison offices and servi