Mumbai: Zero revenue, no operations, no major expenses and a small loss on account of some finance charges—this in a nutshell is Parth Pawar’s Amadea Enterprises LLP, which allegedly illegally purchased a Pune plot for Rs 300 crore.
Parth Pawar, son of Maharashtra Deputy Chief Minister Ajit Pawar, has been at the centre of a political storm over the controversial land deal through Amadea Enterprises, which allegedly bought the plot in Mundhwa for Rs 300 crore, while it is supposedly valued at Rs 1,800 crore, without paying the stamp duty in May this year.
The deal is also contentious as the land belongs to the Mahar Watan category, which was part of a hereditary landholding system of the Scheduled Caste’s Mahar community.
The transaction was revoked after the matter came to light last week and Chief Minister Devendra Fadnavis set up a probe under Additional Chief Secretary Vikas Kharge.
Documents accessed by ThePrint show the Pune-based Amadea Enterprises, which was incorporated in 2020, has had zero revenue from any operations at least for the past four years. The nature of its business is also unclear.
There’s another company, Amadea Holdings LLP, in which Parth is a major shareholder, which as per its audit report prepared in October 2025, is in the business of management consultancy, turnkey projects of interior designing, contracting related to real estate activities and other allied activities. Both companies have the same registered address in Shivajinagar, Pune. Amadea Holdings LLP was incorporated in December 2021.
This company recorded a turnover of Rs 5.31 crore in 2024-25, marginally lower than the Rs 6.12 crore it made in 2023-24. The profit for 2024-25 was Rs 23.73 lakh as against a profit of Rs 58.42 lakh the previous fiscal.
Meanwhile, Amadea Enterprises is shown to have no assets other than cash and cash equivalents of Rs 2.57 lakh. It has no fixed assets, no property, plant or equipment, no intangible assets, no capital works in progress, no long or short term loans and advances and no trade receivables.
ThePrint reached Parth through call and text message for a comment. The report will be updated if and when he responds.
Speaking to reporters Sunday on the controversial land deal, Deputy CM Pawar had said the transaction had not been completed. “They had not even got possession of the land. There was no money exchanged. Not even one rupee was invested in it. I am also curious how the other party entered into the transaction without taking any money. The inquiry will reveal everything.”
Also Read: Why Ajit Pawar doesn’t want to back his son Parth, battling allegations of a land scam
Parth Pawar integral to both companies
As per documents with the Registrar of Companies, Parth Pawar is a co-director with his cousin Digvijay Amarsinh Patil in both the companies. While Pawar is a major partner, Patil has a nominal financial presence.
The FIR registered by the Pune Police with regards to the Mundhwa land deal, however, mentions only Patil as one of the accused, leaving out Parth’s name. The police have justified this saying Patil was the signatory to the deal on behalf of Amadea Enterprises.
Other than Patil, the Pune Police has named Sheetal Tejwani—who allegedly got the powers of attorney from 272 individuals shown as the original landowners and sold the land off—as accused in the FIR registered at the Bavdhan police station.
Patil is the nephew of Rajya Sabha MP Sunetra Pawar, Ajit Pawar’s wife. Patil’s father was the former sarpanch of Ter village in the Dharashiv district.
As per documents, Parth Pawar has a fixed capital of Rs 99,000 in Amadea Enterprises, while Patil has a fixed capital of Rs 1,000. The fixed capital account refers to a partner’s initial, long-term investment that remains constant over time. The current capital account, on the other hand, refers to short term transactions and adjustments for partners, and hence the balance keeps on fluctuating.
In 2021-2022, Parth introduced Rs 90 lakh in his current capital account with Amadea Enterprises and withdrew Rs 89.95 lakh. In 2022-23, Parth added another Rs 2,99,000 to the current capital account, whereas Patil put in Rs 1,000.
By the end of fiscal 2025, Parth had a holding of Rs 1.58 lakh in his current capital account, while Patil had a holding of negative Rs 471.
Speaking on allegations of the police shielding Parth despite him being the majority shareholder in the firm and taking action against the minority shareholder, Deputy CM Pawar on Sunday told reporters, “Around elections, it is expected that the Opposition will latch on to such issues. The government works as per the law. An investigation has been set up and once the inquiry is done everything will become clear.”
Steady salary for Parth from Amadea Holdings
Like in Amadea Enterprises, in Amadea Holdings too Parth Pawar has a fixed capital of Rs 99,000, while Patil has a fixed capital of Rs 1,000.
As per documents, in 2024-25, Amadea Holdings recorded a profit of Rs 23.73 lakh. Of this profit, Rs 23.49 lakh went to the current capital account of Parth, in tandem with his shareholding in the firm, while Patil got Rs 23,737 in his current capital account.
The same year, Parth drew a salary of Rs 52.47 lakh from the company, while Patil drew a salary of Rs 53,000. The year before that, Parth drew a salary of Rs 54 lakh from the firm, while Patil drew a salary of Rs 6 lakh.
Of the profits of Rs 58.42 lakh too, Rs 57.84 lakh went to Parth’s current capital account, while Rs 58,429 accrued to Patil’s. The two are partners in a third company too – Maharashtra Redevelopment Construction LLP incorporated in August this year.
(Edited by Ajeet Tiwari)
Also Read: Rs 300-cr deal for land that couldn’t be sold—what’s Mahar Watan land, at centre of Parth Pawar row