Dr. Aalima Nowhera Shaik is an entrepreneur and politician. She is the executive chairperson and founder of ''Heera Group'' and founder and current president of the All India Mahila Empowerment Party. Shaik received an award by the UAE Minister for Business Leadership Icon In 2018.

Heera Group

As per its website, Heera Group claimed that it was a company with diversified operations in various sectors including gold imports, gold trading, textiles, jewellery, mineral water, granite, tours and travels, real estate and e-commerce. Heera Mart, the group's shopping mall is located at

Kukatpally Kukatpally is a suburb located in north western part of Hyderabad in the Indian state of Telangana. It is the headquarters of Balanagar mandal in Malkajgiri revenue division of Medchal-Malkajgiri district. It was a municipality prior to its me ...

Hyderabad Hyderabad ( ; , ) is the capital and largest city of the Indian state of Telangana and the ''de jure'' capital of Andhra Pradesh. It occupies on the Deccan Plateau along the banks of the Musi River, in the northern part of Southern India ...

. As per the chargesheet filed by Telangana Police at the behest of investors, its subsequent investigation, and the declaration by the company itself, the company started operation in 2008 as a small import and export company called Hera Exim, renting 5 shop spaces in malls in Hyderabad, namely F1, F2, F3, F14 and F15. The company subsequently bought these spaces, and sold them to

Indian Overseas Bank Indian Overseas Bank (IOB) is an Indian public sector bank based in Chennai. It has about 3,214 domestic branches, about 4 foreign branches and representative office. Founded in February 1937 by M. Ct. M. Chidambaram Chettyar with twin object ...

and

Corporation Bank Corporation Bank was a public-sector banking company headquartered in Mangalore, India. The bank had a pan-Indian presence. Presently, the bank has a network of 2,432 fully automated CBS branches, 3,040 ATMs, and 4,724 branchless banking units ...

for Rs. 4 crore, the beginning capital investment for the group's subsequent activities. Subsequently, the shop shifted to Poatpally, and opened a large head office and call center in

Banjara Hills Banjara Hills is an urban commercial centre and one of the most affluent neighbourhoods in Hyderabad, Telangana, India. This is an upmarket locality close to Jubilee Hills. This area was a hilly forest and was least inhabited in the past. Only ...

, claiming to have international operations and floating investment schemes for small investors. The Supreme court granted bail to Nowhera and allowed here to do business. She was Accused of involvement of Rs 5,600 crore scandal.

Political life

On 16 November 2017, Shaik founded the All India Mahila Empowerment Party. The party contested the

2018 Karnataka Legislative Assembly election The 2018 Karnataka Legislative Assembly election was held on 12 May 2018 in 222 constituencies to the Karnataka Legislative Assembly. The election was postponed in Jayanagar and Rajarajeshwari Nagar, following the death of the MLA B. N. Vij ...

and fielded candidates for all 224 constituencies, garnering 0.3% vote share. The party contested from all the 119 constituencies in the

2018 Telangana Legislative Assembly election The Telangana Legislative Assembly election was held in Telangana on 7 December 2018 to constitute the second Legislative Assembly since the formation of the state in 2014. The incumbent Telangana Rashtra Samithi, the Indian National Congress, ...

and aims to contest in the

2019 Indian general election General elections were held in India in seven phases from 11 April to 19 May 2019 to elect the members of the 17th Lok Sabha. Votes were counted and the result was declared on 23 May. Around 912 million people were eligible to vote, and voter ...

. In 2016, a complaint was filed against Heera Group by Asaduddin Owaisi alleging that a number of investors from his constituency Hyderabad were cheated but was granted bail by the court on the condition to return investors' amount.

Awards and recognition

* Business Leadership Icon - 2018 * Extraordinaire – Powerful Women Achiever by NexBrands – Brand Vision Summit - 2017-2018 * Stardust Achievers Award - 2017 * Gulfood Award - Best New Comer Brand - 2016 * Woman of Integrity and Purpose Award - 2016 * Fastest Growing Indian Company Excellence Award - 2013

References

{{DEFAULTSORT:Shaik, Nowhera Indian women business executives Businesspeople from Andhra Pradesh Living people 1973 births