Business Standard

Qwik Supply gave ~395 crore to BJP

Another Ril-linked firm, Honeywell, purchased bonds worth ~30 cr on April 8, 2021, gave all of them to the BJP

- PRESS TRUST OF INDIA

Qwik Supply Chain Private, little-known company with a registered address at Navi Mumbai’s Dhirubhai Ambani Knowledge City (DAKC) and having links to Reliance Industries, gave ~395 crore to the BJP and ~25 crore to the Shiv Sena, data uploaded by the Election Commission showed Thursday.

Qwik Supply, the third largest donor to political parties using electoral bonds, bought ~410 crore bonds between 2021-22 and 2023-24, and gave all but ~25 crore to the BJP. The amount of ~25 crore was given to the Shiv Sena in 2022.

The company, which is described as a manufactur­er of warehouses and storage units, gave no money to any other political party, the data uploaded by the Election Commission showed.

Electoral bond purchases and donations by Qwik Supply were behind ~1,368 crore of Future Gaming and Hotel Services and ~966 crore of Hyderabad-based Megha Engineerin­g & Infra.

Honeywell Properties Private Ltd, another firm with a Reliance link, purchased bonds worth ~30 crore on April 8, 2021 and gave all of them to the BJP. When the Reliance connection first came to light last week, a Reliance Industries spokespers­on had in response to a detailed questionna­ire, said, “Qwik Supply Chain Pvt Ltd is not a subsidiary of any Reliance entity." It, however, had not commented on its associatio­n with the firm.

Qwik Supply, an unlisted private company, was incorporat­ed on November 9, 2000, with an authorised share capital of ~130.99 crore. Its paid-up capital is ~129.99 crore.

The firm had a revenue of over ~500 crore in 2022-23 (April 2022 to March 2023) but profit numbers were not known. It bought electoral bonds worth ~360 crore in 2021-22 to give away to political parties. In the same year, its net profit was only ~21.72 crore. It bought another ~50 crore worth of bonds in 2023-24.

The longest-serving director currently on board is Tapas Mitra — who incidental­ly also sits on the board of 25 other companies — was appointed on November 17, 2014.

Mitra is a director of partnershi­p firms such as Reliance Eros Production­s LLP and companies such as Jamnagar Kandla Pipeline Company Pvt Ltd. Jamnagar Kandla Pipeline is registered in Ahmedabad at an address shared by some other Reliance companies, such as Reliance Paging Pvt Ltd, Jamnagar Ratlam Pipeline Pvt Ltd, Reliance Tankages Pvt Ltd and Reliance Oil and Petroleum Pvt Ltd.

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