At Least 122 Companies of Anil Ambani Group with Little or No Business Have the Same Address
A simple search on ZaubaCorp reveals over 122 companies sharing the same address, "502, Plot no. 91/94, Prabhat Colony Santa Cruz (East) Mumbai City MH 400055 IN".
All these companies, like Reliance Aerostructure Ltd, Reliance Helicopters Ltd, Reliance Defence Systems & Tech Ltd, Reliance Defence Infrastructure Ltd, Reliance Naval Systems Ltd, Reliance Unmanned Systems Ltd, which share this address are part of the Reliance ADA group.
One of the companies, Reliance Defence, has two directors, Lalit Jalan and Sateesh Seth, as per ZaubaCorp. Both are key confidantes of Anil Ambani and are directors of several Reliance ADA group companies.
For example, Mr Jalan is shown as associated with Reliance Defence Systems Pvt Ltd, Reliance SED Ltd, Reliance Defence and Aerospace Pvt Ltd, and Reliance Velocity Ltd as director. He is also shown as a nominee director on BSES Yamuna Power Ltd and BSES Rajdhani Power Ltd.
Mr Seth, as per ZaubaCorp, is associated with Reliance Power Ltd, Reliance Infrastructure Ltd, Reliance Telecom Ltd, Reliance Anil Dhirubhai Ambani Group Ltd, Reliance Internet Services Ltd, as director, among other companies. He is also nominee director on Mumbai Metro One Pvt Ltd, appointed on 20 April 2018. He is a well-known confidant of Mr Ambani and stands to face a jail term in the Ericsson case, if the group fails to pay over Rs453 crore as per Supreme Court orders.
The previous directors of Reliance Defence were Mr Ambani himself and Anthony Jesudasan, an influential lobbyist and media relations person based in Delhi who has been associated with the Reliance group for three decades.
After brothers, Mukesh and Anil, Ambani split their businesses, Mr Jesudasan moved over to ADA group as a key aide to the junior Ambani. Both of them stepped down from Reliance Defence on 3 October 2018.
The directors of other companies that share the address with Reliance Defence are also associated with other ADA group companies. For example, Reliance Aerostructure has Rajesh Kamal Bagga as its director. He is also associated with nine other companies as director including Reliance Unmanned Systems Ltd, Reliance Naval Systems Ltd, Reliance Defence Technologies Pvt Ltd, and Reliance Defence Infrastructure Ltd.
Interestingly, most of these companies have a paid-up capital of Rs1 lakh and less than 10 employees.
In a supreme irony, while the group is weighed down by debt and is battling to salvage some value from its sprawling empire, many of these companies have AAA in their names such as AAA Resources P Ltd, AAA Infoservices P Ltd, AAA Cinecreation Services P Ltd and so on—as though to suggest a high rating!
Another interesting aspect is the large number of companies with arms and armaments in their names such as Reliance Ammunition Pt Ltd, Reliance Armaments P Ltd. There is even a Dassault Reliance Aerospace P Ltd. Dassault is the manufacturer of the controversial Rafale aircraft, where ADAG’s involvement has turned highly controversial.
We have sent an email to Reliance ADA group about the presence of so many companies of the group using same address. Till writing this story, we have not received any reply from them. We will update this story as and when we receive any reply from Reliance ADA group.