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Mumbai real estate major Hiranandani: Link to BVI, trust with $60 million in assets
Niranjan Hiranandani, founder of the Mumbai-based real estate giant Hiranandani Group, and key members of his family are all beneficiaries of trusts with assets of more than 60 million U.S. dollars. Niranjan is the “backup director” of at least three companies founded by his son in Dubai in the British Virgin Islands (BVI), which are listed in the Pandora documents investigated by the Indian Express.
The British Virgin Islands Business Companies Act provides for the appointment of a reserve director to take action in the event of the death of the sole director of the company. According to Trident Trust Company records researched by the Indian Express, Hiranandani’s 39-year-old son Darshan Hiranandani founded at least 25 companies and served as directors between 2006 and 2008. The Solitaire Trust founded the BVI.
In the following years, the equity of these companies was transferred to The Solitaire Trust, which has assets of more than US$60 million, in May 2017. In response to an e-mailed question from India Express, Darshan Hiranandani said: “Since 2007, my personal trust has established assets. All funds remitted to the trust are sent by me.”
Trident Trust records show that Hiranandanis is the beneficiary of The Solitaire Trust Darshan Hiranandani is also one of the beneficiaries of the trust, his father Niranjan, mother Kamal, sister Priya, Hiranandani Foundation and the client’s issues (offspring). Darshan is the director of most BVI companies he founded before 2008, but his father Niranjan is the “backup director” of at least three of them: Hircon (BVI) Limited, Horizon Hotels (BVI) Limited and Burke Consolidated.
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Haryana
Delhi Weather and AQI Today: Warm start at 22.05 °C, check weather forecast for October 22, 2024
Check the weather forecast and air quality updates for Delhi on October 22, 2024 here.
The temperature in Delhi today, on October 22, 2024, is 32.93 °C. The day’s forecast indicates a minimum and maximum temperature of 22.05 °C and 35.04 °C, respectively. The relative humidity is 26% and the wind speed is 26 km/h. The sun rose at 06:26 AM and will set at 05:44 PM.
Tomorrow, on Wednesday, October 23, 2024, Delhi is predicted to experience a minimum and maximum temperature of 27.42 °C and 34.91 °C, respectively. Tomorrow humidity levels will be at 20%.
With temperatures ranging between 22.05 °C and 35.04 °C, prepare for a hot day and plan outdoor activities accordingly. If you are sensitive to heat, take note of the weather forecast and consider appropriate attire and activities suitable for the prevailing weather.
The AQI in Delhi today stands at 334.0, falling in the very poor category. Everyone should be cautious. Children and people with respiratory diseases, such as asthma, should stay indoors and others should also limit their outdoor activities. Usage of masks and air purifying devices is advised. Being aware of the AQI helps one make informed decisions regarding one’s overall well-being while planning the day’s activities.
Weather and AQI predictions in Delhi for next 7 days:
Date Temperature Sky October 23, 2024 32.93 °C Sky is clear October 24, 2024 32.69 °C Sky is clear October 25, 2024 32.5 °C Sky is clear October 26, 2024 32.07 °C Sky is clear October 27, 2024 30.69 °C Sky is clear October 28, 2024 31.29 °C Sky is clear October 29, 2024 32.09 °C Sky is clear
Weather in other cities on October 22, 2024
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