Alchemist Group is an Indian
conglomerate
Conglomerate or conglomeration may refer to:
* Conglomerate (company)
* Conglomerate (geology)
* Conglomerate (mathematics)
In popular culture:
* The Conglomerate (American group), a production crew and musical group founded by Busta Rhymes
** Co ...
which has a presence in multiple sectors, including
healthcare
Health care or healthcare is the improvement of health via the prevention, diagnosis, treatment, amelioration or cure of disease, illness, injury, and other physical and mental impairments in people. Health care is delivered by health profe ...
,
pharmaceuticals
A medication (also called medicament, medicine, pharmaceutical drug, medicinal drug or simply drug) is a drug used to diagnose, cure, treat, or prevent disease. Drug therapy (pharmacotherapy) is an important part of the medical field and rel ...
,
food-processing
Food processing is the transformation of agricultural products into food, or of one form of food into other forms. Food processing includes many forms of processing foods, from grinding grain to make raw flour to home cooking to complex indu ...
,
real estate,
infrastructure
Infrastructure is the set of facilities and systems that serve a country, city, or other area, and encompasses the services and facilities necessary for its economy, households and firms to function. Infrastructure is composed of public and priv ...
and
tea estates
Tea is an aromatic beverage prepared by pouring hot or boiling water over cured or fresh leaves of ''Camellia sinensis'', an evergreen shrub native to East Asia which probably originated in the borderlands of southwestern China and norther ...
. It was founded by businessman turned politician K.D. Singh. The flagship company of Alchemist Group – Alchemist Limited is a publicly traded at
NSE &
BSE. Multiple central and state government agencies in India including SEBI has barred many companies of Alchemist group for multiple violations. Securities Appellate Tribunal had earlier ordered Alchemist group to comply with
SEBI orders that had asked the company to refund an estimated Rs 1,000 crore collected from public through unauthorised
collective investment schemes
An investment fund is a way of investing money alongside other investors in order to benefit from the inherent advantages of working as part of a group such as reducing the risks of the investment by a significant percentage. These advantages inc ...
(CIS). On August 7, 2015, Alchemist Capital was told to refund 165 crore with 15% interest for issuing 16.52 crore RPS of Rs 10 each amounting to Rs 165.21 crore up.
[{{Cite news, url=http://indianexpress.com/article/india/police-forms-sit-to-probe-cheating-case-against-alchemist-group-4581555/, title=Police forms SIT to probe cheating case against Alchemist group, work=Indian Express]
References
Conglomerate companies of India