Ramajayam aka Bala is the owner of G Square, a Tamil Nadu-based real estate company. Find out more about him and his company
On Monday, the Income Tax Department raided the offices of Tamil Nadu-based real estate company G Square. Nonetheless, the company has refuted the accusations and claimed that during the previous six months, it has been “subjected to unwarranted persecution.”
Who is Ramajayam aka Bala owner of G Square Group as IT raid is carried out on company properties
Sources : G Square has a paid up capital of just one lakh.
In 2020 G Square showed a loss of Rs.7 crores
In 2021, G Square showed a loss of Rs.8 crores
CEO Eshwar claimed that the turn over of G Square rose to 2000 crores in the later half of 2021, that is after DMK came to… pic.twitter.com/4Mc6nsQHb4
— Savukku Shankar (@Veera284) April 24, 2023
Income Tax Raids Underway At Over 50 Properties Of G Square…. pic.twitter.com/x1FOI20IcY
— Political Memes (@Political_satir) April 24, 2023
The corporation absolutely denies any connections to the DMK’s “first family,” as several people, including BJP state unit president K. Annamalai, have claimed. Moreover, searches were conducted in the firm’s offices in Telangana and Karnataka.
G Square declared that it valued openness and that it was working closely with the authorities at all times. S. Muthusamy, the minister for housing and urban development in Tamil Nadu, also denied that G Square had any special treatment while claiming that the Department of Housing and Urban Development did not provide the business any favors.
Due to all these recent developments, Ramajayam, the owner of G Square, has become a hot topic of discussion, with many people trying to find out more about him. So, here’s what we know about him:
Who is Ramajayam?
Ramajayam is a well-known Indian businessman. He has been in the news because the IT department has raided his company’s offices in multiple locations.
He is also known as Bala. He is the owner of G Square, a well-known Tamil Nadu-based real estate developer who has provided 1000 acres of property so far. They have more than 4,500 satisfied clients and were named the Best Luxury Plotted Developer at the Times Business Awards in 2021.
Their goal is to provide consumers with the ideal plot in the ideal setting at the ideal price. With offices in a number of locations, including Chennai, Bangalore, Hyderabad, Coimbatore, Trichy, Hosur, Mysore, and Ballari, G Square is dedicated to providing the best real estate services available.
The firm has grown significantly during the past six months, expanding from 600+ people to 1300+ employees and announcing last quarter’s sales of Rs. 2000 crore. The business also has immediate intentions to enter promising cities like Pune and Jaipur outside of South India.