Electoral Bonds: Among top 100 donors, many unknown entities

The SBI list of purchasers of Electoral Bonds includes in the top 100 donors a host of companies and enterprises relatively unknown but have contributed between Rs 105 crore to Rs 27.5 crore. These include:

Written by Ritu Sarin , Shyamlal Yadav

New Delhi | Updated: March 15, 2024 06:51 AM IST

3 min read

Electoral bonds, Electoral Bond Scheme, Electoral Bonds donors, sbi, State Bank of India, Indian express news, current affairs

Kolkata firm involved in manufacture of other fabricated metal products; metal working service activities.

The SBI list of purchasers of Electoral Bonds includes in the top 100 donors a host of companies and enterprises relatively unknown but have contributed between Rs 105 crore to Rs 27.5 crore. These include:

Chennai Green Woods Private Limited: Rs 105 crore
Incorporated in 2006, involved in the construction business.

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Rungta Sons Pvt Ltd: Rs 100 Crore
Located in Kolkata, Rungta Sons Pvt Ltd was set up in 1943 and is involved in the forestry, logging and other related sectors. Directors include Mukund Rungta and Siddharth Rungta.

Avees Trading Finance Pvt Ltd: Rs 85.5 crore
Registered in Kolkata in 1988, Avees Trading Finance is involved in wholesale of non-agricultural intermediate products, waste and scrap.

Read | 3 of top 5 donors bought electoral bonds with ED and I-T knocking on their door

M/s SN Mohanty: Rs 45 cr
M/s. S.N. Mohanty is a company engaged in mining of iron ore, manganese and bauxite for the last three decades based in Odisha.

Rithwik Projects Private Limited: Rs 45 crore
Construction and infrastructure development company founded in 1999 in Hyderabad. Active in the building of hydropower projects, concrete dams, spillways, solar projects, tunnels, irrigation canals, bridges, highways, and housing colonies.

Sasmal Infrastructure Private Limited: Rs 44 Crore
A West Bengal-based company is active in the warehousing sector

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Transways Exim Private Limited: Rs 41.5 Crore
West Bengal-based firm involved in extraction of crude petroleum and natural gas.

Shirdi Sai Electricals Ltd: Rs 40 Crore
Based in Hyderabad. Company claims it is “one of the leading and largest distribution transformer manufacturers and EPC contractors in India.”

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Modern Road Makers Pvt Limited: Rs 40 crore
Mumbai-based company involved in construction, civil engineering; designs and develops roads, highways, bridges, tunnels, and other infrastructures.

NEXG Devices Pvt Ltd: Rs 35 Crore
Based in Gurugram in NCR, it is involved in manufacture of television and radio receivers, sound or video recording or reproducing apparatus, and associated goods.

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SWAL Corporation Limited: Rs 35 Crore
Mumbai-based firm manufactures and markets agrochemicals.

SAFAL Goyal Realty LLP: Rs 35 Crore
Ahmedabad-based LLP is one of the leading players in the city’s real estate industry.

LCC Projects Private Limited: Rs 31.5 Crore
Ahmedabad-based firm involved in renting of construction or demolition equipment with operators.

Kamna Credit & Promoters Pvt Ltd: Rs 30.5 Crore
Kolkata-based firm involved in financial intermediation other than that conducted by monetary institutions.

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Penguin Trading & Agencies Limited: Rs 27.5 Crore
Kolkata firm involved in manufacture of other fabricated metal products; metal working service activities.

Ritu Sarin

Ritu Sarin is Executive Editor (News and Investigations) at The Indian Express group. Her areas of specialisation include internal security, money laundering and corruption. Sarin is one of India’s most renowned reporters and has a career in journalism of over four decades. She is a member of the International Consortium of Investigative Journalists (ICIJ) since 1999 and since early 2023, a member of its Board of Directors. She has also been a founder member of the ICIJ Network Committee (INC). She has, to begin with, alone, and later led teams which have worked on ICIJ’s Offshore Leaks, Swiss Leaks, the Pulitzer Prize winning Panama Papers, Paradise Papers, Implant Files, Fincen Files, Pandora Papers, the Uber Files and Deforestation Inc. She has conducted investigative journalism workshops and addressed investigative journalism conferences with a specialisation on collaborative journalism in several countries. ... Read More

Shyamlal Yadav

Shyamlal Yadav is one of the pioneers of the effective use of RTI for investigative reporting. He is a member of the Investigative Team. His reporting on polluted rivers, foreign travel of public servants, MPs appointing relatives as assistants, fake journals, LIC’s lapsed policies, Honorary doctorates conferred to politicians and officials, Bank officials putting their own money into Jan Dhan accounts and more has made a huge impact. He is member of the International Consortium of Investigative Journalists (ICIJ). He has been part of global investigations like Paradise Papers, Fincen Files, Pandora Papers, Uber Files and Hidden Treasures. After his investigation in March 2023 the Metropolitan Museum of Art, New York returned 16 antiquities to India. Besides investigative work, he keeps writing on social and political issues. ... Read More

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Electoral Bond Scheme Electoral bonds sbi State Bank of India