New Delhi: A little known company — Landomus Realty Ventures Inc., USA — has expressed interest to invest $500 billion into Indian government’s ambitious National Infrastructure Pipeline.
While that investment promise is eye-catching, what is the really capturing interest is the manner in which the company expressed its interest. The company issued an appeal to Prime Minister Narendra Modi through a front page advertisement in two of India’s largest publications — Economic Times and Times of India.
The appeal is signed by the chairman of the Landomus Group, Pradeep Kumar S, and also talks about how the company has a concrete plan to make India pandemic free and seeks an opportunity to present the plan to the government.
It is not presently clear if the company approached the Prime Minister’s Office or the finance ministry or the Niti Aayog before it put out the advertisement.
Road ministry officials, however, said that they have not heard about the company. “No company by that name had made any investment in highway projects till date,” an official told ThePrint. The Rs 111-lakh-crore national infrastructure pipeline (NIP) is part of Modi government’s ambitious plan to revive growth in the Indian economy.
An email sent to the address listed on the company’s website seeking further details about the company remained unanswered till the time of publishing this report, as did an email sent to the finance ministry.
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A company with no antecedents
What is even more intriguing is that the company’s website is surprisingly silent about its antecedents. There is neither an ‘About us’ section, a common feature on most websites, nor any other information that is typically a part of a company’s website.
It only carries the appeal made in the newspapers Monday along with the company’s plan of ‘Build India’ and the list of its directors.
“Build India initiative by Landomus Realty Ventures, aims to invest USD 500 Billion in Equity as the first phase of investment out of USD 2 Trillion and complete the NIP and Non-NIP projects through its group of investors and developers,” it said.
Pradeep Kumar S is listed as the chairman and CEO while Mamatha H.N, Yashas Pradeep Kumar, Rakshith Gangadhar and Gunashree Pradeep Kumar are listed as the company’s directors. Five of its advisors have also been listed, along with an email address for communication and company’s registered address in Secaucus, New Jersey, United States.
Who is Pradeep Kumar S, and what we know about the directors
There is little public information available about Pradeep Kumar, the company’s chairman. However, three of the directors of the company have Linkedin profiles that place them in Bengaluru, Karnataka, and include Landomous Realty Ventures in their profile details.
According to information available at Zauba Corp, Landomus Realty Ventures Pvt Ltd is a Bengaluru-based company, was registered in 2015 with a paid up capital of Rs 1 lakh and has an authorised share capital of Rs 10 lakh. Its last annual general meeting took place in 2018.
(Edited by Manasa Mohan)
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