logo
Breaking News
Tip Off

Landomus Group, headquartered in the United States, wants to spend $500 billion in India's NIP; Twitter critics point out flaws in the results

Landomus Group, headquartered in the United States, wants to spend $500 billion in India's NIP; Twitter critics point out flaws in the results

On Monday (May 24, 2021), a suspicious commercial on the front page of a leading Indian newspaper went viral. A firm called Landomus Realty Ventures reached out to Prime Minister Narendra Modi in a huge front-page commercial that can be seen in many city editions, expressing his intention to inject $500 billion in equity into India's National Infrastructure Pipeline (NIP).

The business shared its desire to invest in India by placing a front-page ad in a major newspaper pleading with Prime Minister Narendra Modi to do so.

"Landomus Realty Ventures Inc., USA, would like to invest USD 500 billion in equity in the National Infrastructure Pipeline (NIP) and Non-NIP projects identified by the Government of India under the India Investment Grid for the 'Invest India' initiative as the first stage of investment." It aims to make India a global destination by assisting investors and developers in the completion of NIP and non-NIP projects in sectors such as electricity, social infrastructure, engineering, transportation, food processing and agriculture, water and sanitation through the India Investment Grid.

To place this figure in context, according to Forbes on May 24, the world's richest man, Jeff Bezos, has a net worth of $186 billion. And, while it's impossible to compare people to corporations, something doesn't add up.

For one thing, despite being headquartered in the United States, it contains no detail on any subject other than India and the message conveyed in the commercial addressed to the Prime Minister.

How did twitter react? 

Since the advertisements first emerged on Monday morning, Twitter users have been out in force to express their cynicism. Although others point out the costs of those advertisements and ask if they were not flagged, some are busy debunking the company's website.

  • Realty wants to invest $500 billion in India. Ummm... that's over 36 lakh crore rupees... Bill Gates' net worth is $125 billion. So clearly, we should have heard of them before... No?
  • Landomus Group of US not only wants to invest $2 trillion in India but also has plans to make country #Covid19 pandemic free. $500 mullion first phase investment. Pradeep Kumar Satyaprakash or ready to play the White Knight. Itching to know more about it....
  • According to information available on some portal, the company has only 19 employees and reported revenue of <$5 million. How’ll the group mobilise a whopping $500 billion???
  • Their "Head of finance" is on Linked In. Very Strange Qualifications. I knew about CFA and CFP but never an American academy of financial management. @smitaprakash as a journo should investigate. I said to her in a twt that this like the Red Headed League
  • Actually it’s funny or is there a hidden message in the advertisement. I have been wondering since morning after reading it in TOI.

The above mentioned are some of the tweets on the advertisement printed on the front page making an appeal directly to the Prime Minister, the advertisement signed by company chairman.

The corporation claims to be headquartered in the United States, and its website is hosted in New Jersey. However, according to a Zaubacorp page for Landomus Realty Projects, there is an active organisation in Bengaluru with the same name and some of the same team members.

"Landomus Realty Ventures Private Limited was founded on July 17, 2015. It is a non-government organisation that is registered with the Registrar of Companies in Bangalore. It has a Rs. 1,000,000 approved share capital and a Rs. 100,000 paid up capital. It is involved in Real estate operations of own or rented land," the Zaubacorp listing states.

According to this, the company's directors are Yashas Pradeep Kumar, Sathyaprakash Pradeep Kumar, and Rakshith Gangadhar. Individuals with the same names, on the other hand, are listed as the company's top executives in the United States.

237 Views

Leave a Reply

Top
ad image