Who is the owner of the company that becomes a millionaire in one day and how much is his wealth?
Elcid Investment shares have caused a stir among stock investors. The company has made investors millionaires in a single day. The stock has surprised everyone by delivering an excellent return of 66,92,535% in just one day. On the day of Dhanteras, this stock celebrated Diwali even before investors’ Diwali. On the day of Dhanteras, in just one day the company’s shares rose from Rs 3.53 to a high of Rs 2,36,250. Since people found out about this action, there is also a lot of talk about the owner of the company. In such a situation, please let us know who owns LCD Investment and how much wealth he has.
Who is the owner of the company?
The people at your company play a big role in making Alcid Investments the most expensive stock in the country. The board of members of Elcid Investment includes the names of Varun Amar Vakil, Amrita Amar Vakil, Essaji Ghulam Vahanvati and Karthikeya Dhruv Kazi. While Varun Amar Malik is a non-executive and non-independent director of the company, Amrita Amar Vakil is also a non-executive and non-independent director. Essaji Ghulam Vahanvati and Karthikeya Dhruv Kazi are also non-executive and non-independent directors of the company. While Ragini Varun is the lawyer, CFO and CEO and Ayush Dolani is the company secretary and chief compliance officer.
How much wealth is there?
Talking about the wealth of the owner of the company that will one day make people millionaires, according to media reports, he has a net worth of Rs 748 million. Amar Malik publicly owns shares of his company. Although Varun Amar Lawyer has many other sources of income, he earns a good amount from his company alone.
What does Elcid Investment do?
Alcide Investments is a non-banking financial company registered under investment category of RBI. The company’s main source of income is dividends received from holding companies. Elcid’s investment has also made a huge investment in the country’s number one paint company, Asian Paints. LCD has a 2.95 per cent stake worth Rs 8,500 crore in the country’s leading paint company. The company has a share capital of 200,000 shares, of which 150,000 shares are held by the promoters.
