In the realm of wealth and opulence, few names command attention like that of Shivam Mishra, scion of the Banshidhar Group which is a prominent player in the tobacco industry, have a look at his biography
The lavish lifestyle and ostentatious possessions of Shivam Mishra have long been the talk of the town but recent events have thrust him into the spotlight for reasons far less glamorous.
Who is Shivam Mishra son of the owner of tobacco company the Banshidhar Group, biography, father and net worth
The income tax department is conducting raids at the premises belonging to Kanpur-based tobacco firm Banshidhar Group.
Today is the third day of the income tax raid at the house of Shivam Mishra, who is the son of K K Mishra, the owner of BanshiDhar Group.
This is in connection… pic.twitter.com/Ybdd7TWRYE
— Atulkrishan (@iAtulKrishan1) March 2, 2024
The income tax raids conducted on Bansidhar Tobacco Private Limited, the flagship enterprise of the Mishra family, unveiled a staggering display of affluence. At the center of it all is Shivam Mishra, whose assets and acquisitions have raised eyebrows and captured headlines across the nation.
According to reports from the Income Tax department, Shivam Mishra’s father, KK Mishra, the patriarch of the Banshidhar Group declared assets valued between Rs 25 and Rs 30 crore. However, the discovery of luxury vehicles parked at the Mishra residence in Delhi revealed a stark contrast. The fleet of cars, estimated to be worth over Rs 100 crore.
Income Tax raids at 'Banshidhar Tobacco Company'.
Income Tax department has found a fleet of luxury cars at a Delhi residence of Shivam Mishra,son of the owner. During the raid, luxury cars worth Rs 60 crore were found which included Rolls-royce, Phantom worth Rs… pic.twitter.com/i35lhnFBBp
— India Reflects (@IndiaReflects) March 1, 2024
But it wasn’t just the automobiles that drew attention; it was the timepieces adorning Mishra’s wrist that truly stole the show. Reports suggest that Mishra’s collection of watches surpasses the value of a Rolls-Royce, with some pieces alone valued at an eye-watering Rs 12 crore. These horological marvels, encrusted with diamonds and exuding luxury, stand as symbols of Mishra’s unparalleled wealth and taste for the finer things in life.
However, beneath the veneer of luxury lies a cloud of controversy. The Income Tax Department’s raids unearthed more than just extravagant possessions; they also uncovered allegations of tax and GST evasion within the tobacco industry. Bansidhar Tobacco Private Limited, known for supplying raw materials to other businesses, now finds itself embroiled in legal scrutiny, with accusations of widespread financial misconduct hanging over its head.
As the authorities delve deeper into the affairs of Bansidhar Group, attention has turned to the company’s business dealings with other players in the tobacco industry. Plans are underway to take legal action against another major tobacco company suspected of colluding with Bansidhar Tobacco Private Limited in its alleged evasion schemes.
Once celebrated for his extravagant lifestyle and display of wealth, Shivam Mishra now finds himself thrust into the midst of a legal storm.
Shivam Mishra’s net worth
Shivam Mishra’s exact net worth is not known.