Kewal Ahuja’s vegetarian restaurant chain, SGF India alleged to provide deceptive franchise model. Kewal Ahuja made use of people’s need for job and money during the pandemic period and deceived them money worth lakhs.

The franchising business is growing at a healthy 30–35% per year and is expected to reach $ 100 Billion in 2024. Delhi NCR*s bustling markets greets you with the choicest of top brands. Many corporate professionals as well as an innocent salaried middle-class youth have been interestingly seen taking a plunge into this franchisee business. Kewal Ahuja exploited this opportunity to gain faith of the people, especially youngsters and got them in the trap.

The people who were being told to leave their job or lost their jobs during this pandemic, were in need of finding an option to get their livelihood generated by some or the other means of business. High returns & more than a sustainable revenue generation were offered by SGF — Kewal Ahuja in his 2 modules of business FOFO & FOCO.

Huge amount of money that was collected from the franchisees where not reported by SGF to the regulatory authorities like the Tax department and GST Council. They are also non-compliant in MCA filings as well. This report is proof for the compliance irregularities and potential financial fraud conducted by SGF.

SGF has not filed annual returns and financial statements with MCA for last 2 years which is a mandator exercise for every PVT. Ltd company in India. If there is a further non-compliance for third year, MCA may start the process of striking off suo moto. SGF has not initiated any e forms to correct the non-compliance which highlights the intent to not follow the going concern.

These reports bring forth the Kewal Ahuja SGF fraud. So investors make sure that you don’t fall to trap in such companies.