The Heera Group of companies has always stayed true to their will and has honestly worked to produce the best products for their consumers. With both national and international business experience of two decades, the company is a significant asset for the conglomerate sector of the Indian Subcontinent. The company was formed back in 1998 as the brainchild of Ms Nowhera Shaik who wanted to make a brand that would not only have a different business structure but will also work for the development of the common people of India.
The business started with few people and today it is one of the leading conglomerates in the country. Not only that the company have provided funds for the development of several rural areas of the country which very few of the former brands have done.
Disputes over investors
The company bears a unique business model with a no-interest structure. It not only helps people with small capital to invest in the business but also sees some amount of profit in their early days. With the rise of the company coming prominently on the horizon, several organisations accused them of not returning the investment amount to their investors. A legal dispute went on for three years with the company’s activities coming to a halt for some time. The company stayed true and believed in its leader, Ms. Nowhera Shaik.
Winning Moment
Ultimately the case was investigated by the SFIO who cleared the company of all accusations after they found out that the accused amount was more huge than the original amount. The SFIO instructed them to return the money to the investors who were left to be paid. The properties that were seized by the court were returned to Ms Shaik and she liquefied properties worth of nine-hundred crores into cash to pay back the investors.
The Income-tax office also Inspected the property of Group at Shakipet, Tolichowki in Hyderabad which was also cleared by them which is also a big winning moment for the company as they now have a clean sheet given by two significant government-run organizations. The company has finally proven that if you stay honest and true to your will no one can cause any harm to you as truthfulness is the best option one can choose.
