Qwik Supply Linked To Reliance Industries Donates Third Largest Amount Of Rs 410 Crore Through Electoral Bonds

The company’s revenue for 2022–2023 (April 2022–March 2023) exceeded Rs 500 crore, although profit figures were not disclosed.

Written by Shivanshi Srivastava March 15, 2024

With its registered address in Dhirubhai Ambani Knowledge City (DAKC) in Navi Mumbai and ties to Reliance Industries, Qwik Supply Chain Private Limited is a relatively unknown corporation that was the third biggest bond donor to political parties. During the fiscal years 2021–2022 and 2023–2024, it purchased Rs 410 crore in electoral bonds; nevertheless, Reliance stated that the company is not a subsidiary of any Reliance entity.

Election Commission data released on its website indicates that Future Gaming and Hotel Services, a lesser-known lottery company, and Hyderabad-based Megha Engineering & Infra received donations and sales of electoral bonds totaling Rs 966 crore and Rs 1,368 crore, respectively, from Qwik Supply.

🚨🚨AMBANI AND RELIANCE LINK FOUND:

Reliance Industries (Qwik Supply Chain Pvt Ltd) donated around Rs. 410 crore through electoral bonds which is the 3rd largest donated amount.#ElectoralBondsScam pic.twitter.com/hSxhS4Smvp

— Newton (@newt0nlaws) March 14, 2024

According to information that is readily available to the public, Qwik Supply is a producer of storage units and warehouses. On November 9, 2000, the unlisted private business was established, possessing an authorized share capital of Rs 130.99 crore. Its capital is fully paid up at Rs 129.99 crore.

The company’s revenue for 2022–2023 (April 2022–March 2023) exceeded Rs 500 crore, although profit figures were not disclosed.

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