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Birla Power Solutions Ltd. - FD Interest

 
26 Reviews
User
  anilvij on Dec 21, 2012
Dear Sir/Madam,

I purchased Fixed Deposit from Birla Power Solutions Ltd. on 31/05/2012. Interest was due on 30/09/2012 but I don't received any interest warrant till date. I contact to their agent M/s Adroit Corporation Services Pvt. Ltd. and Mr. Praful & Mr. Sandeep informed me that they have no instructions from BPSL to release interest warrant.

I also try to contact Birla Power Solutions Ltd. so many times and after lot of effort on 28/11/12 Mr. Santosh attend the phone and assured that interest would be release by 15/12/2012. On 21/12/2012 I talked to Mr. Santosh again and now he says that interest will release by 15/01/2013 but this time again he didn't committing the due date. I also mail to Sr. Executive Mr. Ashish from BPSL on November 26, 2012 but no revert so far.

This is very unfortunate and unbelievable that a group like Birla (Yash Birla Group) don't have funds to pay even interest, how they would refund principal amount? I'm worried about. Investors from all over India investing in Birla's FD because this is a matter of trust. Birla Power should realise that and arrange interest to their FD investors immediately.

Regards,

Anil Vij
Agra
# : 9837023100


Complaint comments 25 Comments     Updated:
Resolve this Complaint  

Comments

N
User
yogesh girdhari rathod Birla Power Solutions Ltd.  - India
 

parcard not recieved - yash pvt.ltd

i had fil the form for pancrd before one month ago, but still i don't recived the my pan card . pls. give the proper sollution.


thanks n regards

Yogesh Rathod.
0240-6509226.
N
User
Monica Roberts Birla Power Solutions Ltd.  - India
 

unbelievable ripoff company - Low Pay

I made a phone call over the phone on August 22 after receiving what I thought was a good credit card in the mail to activate it. I paid additional twenty dollars to receive advancement shipment the works. Note on their thirty day guarantee its September 22 which is when they mailed my card and information to me. I decided two weeks ago to cancel but I was told by a customer service guy that I had to wait to receive my packkage to return the money back voucher. The daytime phone number is a recording with no one answering. After further investigating their are many of us. I come from a family of many lawyers and plan to go public about this company and expose them for the ripoffs they are. The economy is struggling to much to have companies like lowpay ripping people off.
N
User
archana das Birla Power Solutions Ltd.  - India
 

transfer case pending for 20 months - smc exports

on 11th april 2007 i had submitted my F 13 with RPF WAZIRPUR FOR TRANSFER OF OLD A/C NO 27829/15 OF NEHRU PLACE TO NEW A/C 2849/0780 OF JANGPURA. INSPITE OF MY REPEATED TELEPHONIC ENQUIRY WITH NEHRU PLACE & WAZIRPUR ( TEL NO 27376772 TILL DATE I DID NOT GET ANY FEED BACK FROM THE EPF OFFICE.
I WOULD LIKE TO REQUEST YOU TO LET ME KNOW IF MY AMOUNT HAS BEEN TRANSFERRED TO MY NEW ACCOUT OR WHAT IS THE STATUS?
N
User
mizan ad  - India
 

fd - ad

I have received following mail received from his Like i have received Mail Now what i want do.

---------------------------------------------------------------------------------------------------------------------------------------------------
From:
"MICROSOFT AWARD AND GRANT PROGRAMM" <info@microsoft.com>
Add sender to Contacts
To:
undisclosed-recipients
MICROSOFT AWARD AND GRANT PROGRAMM
FOR INTERNATIONAL COMMUNITIES.

Congratulations, This email is to inform you that you have been
Awarded the sum of 750, 000.00 Pounds for the 2009
Microsoft Award and Grant Allivation Programme for international communities

further informations on claims:

(CONTACT EVENTS MANAGER)
==============================
=======
Name:BARRISTER THOMAS BAILY ESQ.
E-mail: bailey_solisictors@live.com
=====================================
Thank you and Accept my hearty congratulations once again!
Yours faithfully,
veronica Adams
(Microsoft Corporation)
BAILEYS BARRISTERS & SOLICITOR
Legal practitioners, Attorneys, Notaries and Patent,
Trademark and Parliamentary agents.
Unit H, Newburn Bridge Road, Rydon Industrial Estate,
Blaydon on Tyne, NE21 4SQ

--------------------------------------------------------------------------------------------------------------------------------------------------
Then the sent the following mail.
--------------------------------------------------------------------------------------------------------------------------------------------------



Date: May 21, 2009

Attn: Valued Client,

In responds to your email. Be formally informed that i was deployed to give you proper information on your grant award to you, but i want you to understand that i will only be acting in my capacity as an attorney of law in the safe delivery of your funds in accordance to the law and policy regarding International Grant Award. I am Barr. Thomas Bailey (Esq), attorney at law and i will be standing for you as your attorney in other to enable speedy delivery of your funds beacuse there is no much time.

ABOUT MICROSOFT AWARD AND GRANT PROGRAM

Congratulations once more as the best things that can happen to any Internet user is to be rewarded for spending money and time on the Internet, Microsoft Asia Pacific today announced that more than 18 million customers and over 100 Million worldwide. You may not have known that over one hundred billion people daily surf the Internet on a regular basis for one reason or other. These Internet users including yourself, pay access fees to various Internet Service Providers (ISP) all over the world who in turn remit surplus funds to the numerous World Wide Internet Technology Companies (WWITC) for the development and advancement of Global Information Technology. After a research on the issue, conclusion was made that Internet users should be compensated for the development of urban rural environment which you have been awarded the sum of 750, 000.00 GBP (DD)

RULES AND REGULATION OF CLAIMS.

With regards to this grant, you are to be informed that every procedure MUST be in in accordance with section 13(1) (n) of the international award grant Act as adopted in 1993 and amended on 3rd July 1996 by the constitutional assembly. This is to avoid misappropriation of funds . Hence you are required to fill the attached form carefully as listed below and revert any copy of your identity card to back up. You are now required to make contact with the Shipping Company, to discuss with them how your won DRAFT would be delivered to you in your home country. And to know how much it will cost you for shipping as nonresidential winner . You will need to contact FRONTIER FORWARDING SERVICES L.T.D, which is our accredited delivery company IN THE U.K.

**********************************************************************************************************************************************
FRONTIER FORWARDING SERVICE, UNITED KINGDOM HEAD OFFICE
Customer/Delivery Services Department
12 Ground Floor,
Amburst Service,
London
E8 2BT
United Kingdom.
**********************************************************************************************************************************************
Dispatch Officer: Mr.Dennis Hanks.
Website:http://frontier.cour-service.com/
Contact Email: frontier.cour-serviceltd@hotmail.com
Tell: +447031921586
Tell:+447031905954
Fax: +447031968690

**********************************************************************************************************************************************

CLAIMS RELEASE/ VERIFICATION FORM
1.Full Name:
2.Full Address:
3.4.Occupation:
4.Age
5.Sex:
6.Country Of Residence:
7.Telephone Number:
8.Reference Number:

As soon as you establish contact with them please notify me at once.
CONTACT ACCREDITED DELIVERY AGENCY :

Be informed that there is a lot scam going on the Internet today to extort money unlawfully from individual in the name of lottery winning for this reason your winnings ought to be kept confidential to avoid unwarranted abuse of this program and also double claims of winning funds by some scrupulous individuals. This can be found in cases like this having disclosed your winnings to your friend. I want you to know that at this stage you are only to trust yourself. Finally Note that as legal winner of this promotion you have the right to disclaim your award if you not satisfied with the above rules and regulations of the claims process.

Once again congratulations on your victory.

YOURS FAITHFULLY,
BARR. THOMAS BAILY (ESQ).
ATTORNEY AT LAW.LLB (HONS),
MBA (MANCHESTER).
------------------------------------------------------------------------------------------------------------------------------------------------------
This Like i have received Mail Now what i want do.

Please Clarify to me
-----------------------------------------------------------------------------------------------------------------------------------------------------
Thanking you
N
User
Tracey Birla Power Solutions Ltd.  - India
 

non receipt of payment - Hair Capital International

I bought hair from this company,but they never sent the hair! They are in Las Vegas. The call center workers cover the their fradulant boss! One they receive your money,they alomst never return an email,and if they do,they continue to lie,but no hair in the end! RUN.
N Jun 14, 2011 by
User
fkthanvi Birla Power Solutions Ltd.  - Jodhpur, Rajasthan, India
 

non receipt of cheques of interest - Fixed deposit interest in advance

I have FD of Rs, 250000/- whose no FD/A/032218 dated 1.9.2010
Ihave not recieved the adavance cheques for theintrest ofyear 2011-2012.
Shanti devi Thanvi
N Jan 11, 2012 by
User
Krishna Sundar Ghosh Fixed Deposit  - Habra, North 24 Parganas, West Bengal, India
 

Release Our FDR With Interest - Fixed Deposit

Der SIr
We are under mentioned family persons to invest as FD 18no's each FD Rs-5000 . Total FD amount 90000 thousand witch amount we are invest as a FD to your company @ 18.75% interest for sixty months. But til now we have nothing FDR maturity Payment from your company .
Please release our FDR maturate value with up to date interest Thanking you

Dibyendu Sarkar
N Mar 16, 2012 by
User
sitaramulu power  - Andhra Pradesh, India
 

cheating of deposited amount above 10 lac - power

ch seeta ramulu deposited above 10 lac and suffering with deposite holders sir. fraud had done in nanoexcel. so, kindly intimate me how to take next step about nano excel?
D Dec 25, 2012 by
User
VISHWAS B KALE  
 
I SHRI V B KALE INVESTED RS 500000/-RS FIVE LAKHS IN FD FOR TWO YEARS IN BIRLA POWER
SOLUTIONS MUMBAI THE MATURITY DATE OF FD WAS 07/10/2012 I HAVE NIGHTER RECEIVED ANY INTEREST NOR ANY PRINCIPAL AMOUNT PAYMENT TILL 25/12/2012.I PERSONALY VISITED THIER NARIMAN POINT OFFICE FOR MY MONEY SHRI ANIRUDHA WAGHMARE OF THAT OFFICE TOLD ME THAT THEY HAVE NO FUNDS TO RELEASE THE PAYMENT AND IF THE COMPANY HAVE NO NO FUNDS WHY THEY ARE TAKING DEPOSITS FROM NEW COSTUMERS AND WHEN THEY PAY THE AMT OF DEPOSITORS EVEN THOUGH THE DATE IS OVER
A Dec 27, 2012 by
User
prakashdugar  
 
They have not repaid my deposit also which matured on Nov. 26, 2012. Please file an Investor Complaint at http://www.mca.gov.in/MCA21/index.html as also a petition with the Company Law Board, Mumbai in Form No. 4 with a DD for Rs. 50 favoring PAO, Ministry of Corporate Affairs payable at Mumbai.
N Jan 1, 2013 by
User
niraj0501  
 
We also have same experience and company is not giving any response on the Interest or Withdrawal.

Interest of These FDs were due on 30.09.2012 but till today we have not received any interest amount From Company. In this connection by speedpost letter was sent on 09.10.2012 to manager, Fixed Deposit section Birla Power Solutions but there is no reply from the company. Very sorry to inform that from 31.10.2012 to 31.12.2012 many times We tried to contact the company by Phone and every time the different dates were given for payment of the interest but we have not received the interest till date.

Also we sent letter to “ADROIT CORPORATE SERVICE PVT LTD’ on 13.12.2012 with Fixed Deposit receipt and application for withdrawal of FD amount for urgent need of money which they received and sent to the company. But even after 15 days company has not given any reply and not taken any action. Birla Group company has reputation in our industries. I Do not know why Birla Power Solution company is not making payment and not giving any reply to the depositor who has invested their valuable money with good faith.

Our total investment is Rs 325000.00 And we are worried about our principal amount now.

Niraj Ashar
Pune
N Jan 10, 2013 by
User
rahul.raina@socgen.com  
 
This is such a pathetic situation that everyone of us is facing here. My Fixed Deposit matured on 27th of September 2012. After repeated attempts to contact the Birla Power Solutions Office via phone and email, the only response I have been given is for a future date when they will release the amount.

I went with the big Brand name that Birla Power had and invested my money in this comapany and now I am regretting it totally. I really dont know who and where should I complain about it, as now the company people have stopped picking their landline phones. Such a cowardly behaviour does not serve well with the company of such repute.

Can anybosy here provide me with any inputs on who we can mail or compalin to regarding this? Any senior athorities or some Govt. website?


Please keep posting your experience or information with others here so that we can put as much pressure on the company as possible.


Regards
Rahul
bangalore
N Jan 21, 2013 by
User
PARTHASARATHY S  
 
Dear All Affected FD Holders,

I am one of such affected FD Holder, having the same problem. For the last one month, I use to send FIVE MAILS PER DAY. Till date, I am following the same. Only onething we all can do is to send mails to the following emaild id's which include

a) Birla Power Solutions - email
b) Their Registered & Share Transfer Agent - email ids
c) Roc- Mumbai
d) All the members of Ministry of Corporate Affairs
e) Serious Fraud Investigation Office
f) The present Statutory Auditor - M/s.Thakur Vaidhyanathan Aiyar & Co, Chartered Accountants
g) Bajaj Capitals

Please note the email ID's as below:

PREETI@yashbirlagroup.com;
ganesh@yashbirlagroup.com;
nagesh@yashbirlagroup.com;
prafuls@adroitcorporate.com;
mktg@birlapower.com;
service@birlapower.com;
exports@birlapower.com;
RESPONSE@yashbirlagroup.com;
KARUNA@yashbirlagroup.com;
info@adroitcorporate.com
info@bajajcapital.com;
dhanraj_1@mca.gov.in;
tvamum@gmail.com
tvande@rediffmail.com
tvand@vsnl.com;
tvamu@vsnl.com;
laxmi@yashbirlagroup.com;
investorgrievance@adroitfinancial.com;
clientnse@adroitfinancial.com;
cc_nse@nse.co.in;
uttam.nahta@mca.gov.in;
khubchandani@mca.gov.in;
mohitsharma@adroitfinancial.com;
pilotoffice@nic.in;
josekutty.ve@mca.gov.in;
atmaram.saple@mca.gov.in;
ramdasgupta@mca.gov.in;
inf.sfio@nic.in;
roc.mumbai@mca.gov.in;
roc.pune@mca.gov.in;
roc.ahmedabad@mca.gov.in;


If you have enough time, please see the below content., so far for the last one month my daily catching of emails to ALL GOVT OFFICIALS / MCA / MINISTRER MR.SACHIN PILOT, MINISTER OF CORPORATE AFFAIRS, MR.THAKUR, NEW CHARGERED ACCOUNTANT FOR BIRLA POWER SOLUTIONS LTD & ALL THE CONCERNED IN BIRLA POWER.

Thanks and Regards
Parthasarathy
No: 35, ABRAHAM STREET,
MYLAPORE, CHENNAI 600004
M: 9750950985 / 9840509184
EMAIL: sarathyfinance@gmail.com

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++


On Thu, Dec 6, 2012 at 4:57 AM, S.Parthasarathy <sarathyfinance@gmail.com> wrote:
Kind Attn: a) Mr.Sachin Pilot, Minister of Corporate Affairs
b) The Registrar, MCA
c) Mr.Nilimesh Baruah, Serious Fraud Investigating Office

Sub: Fixed Deposit DEFAULT in Interest & Principle - Birla Power Solution - Liqudation of Company Requested For to sell the assets of the Company.

Ref : FDR No: 10142 / dt 08/10/2010 - B.Rajendran - Rs.70, 000/-

This mail is the INITIAL REPORT OF THE FRAUD to be going to happend in BIRLA POWER SOLUTIONS to cheat the Fixed Depositers. I will produce my case, as the First Case for your Kind Notice, and expect the Governtment Intervention to avoid the near disaster not to happend to Birla Power Solutions Ltd.

_________________________________________________________________________________________________________________

I am the Fixed Deposit Holder of "BIRLA POWER SOLUTIONS LTD". They had defaulted the interest payment on the fixed deposits. For the last two months, I am suferring to handle with the company officials for pre-maturing my fixed deposit. I had contacted the following peoples:

a) Mr.Ganesh
b) Mrs.Preeti
c) Mr.Santhosh
d) Mr.Sandeep, Adroit Corporate Services (Who takes care of Fixed Deposit Services of "Birla Power Solutions Ltd")


Till date, more than 50 email / 100 calls had been made by me, but the phone calls are not lifted, and no satisfactory replies to the email sent to Mr.Ganesh (who takes care of Fixed Deposits). Also, the company appointed "Adroit Corporate / Financial Services to take care of their FD processing service, who contend that they had not received any funds from the company to pay either interest or maturity amounts to fixed deposit holders. Hence, I would request the concerned officers to probe into the financial anamoly prevailing in the company now. Moreover, my amount is a peanut, but many lacs of such FD holders, raising their voice to MCA or other "Enforcing Directorate" to call for a probe.

Moreover, I had already contacted SEBI & intimated my concerns for which SEBI informed that, the proper Authority is MCA & SEBI cannot interfere on the FD Default Area for a company, hence, this email to MCA.


A) Company Name : BIRLA POWER SOLUTIONS LIMITED
B) Company CIN No: L31101MH1984PLC032773
C) State : Maharastra
D) Company Status : Active (As per MCA)
E) List of Directors (see below)


DIN/DPIN/PAN Full Name Present residential address Designation Date of Appointment Whether DSC Registered Expiry Date of DSC
00001879 YOGENDRA PREMKRISHNA TRIVEDI "MINISTRY MANOR", 62-A, NAPEANSEA ROAD, MUMBAI, 400006, Maharashtra, INDIA Director 30/10/2003 YES 27/09/2014
00005804 Yashovardhan Birla Birla House, 21 Mount Pleasant Road, , Mumbai, 400006, Maharashtra, INDIA Director 05/06/1987 YES 16/01/2013
00079576 RAJESH VIRENDRA SHAH 4-B, PLEASANT PALACE, FRIENDS SOCIETY, , N.S. ROAD NO. 5, JVPD SCHEME, VILE PARLE - WEST, MUMBAI, 400056, Maharashtra, INDIA Director 16/12/2005 NO -
00232048 Palaparthy Venkataramana Murthy A-4, SAGAR DARSHAN, OFF CARTER ROAD, BANDRA - (WEST), MUMBAI, 400052, Maharashtra, INDIA Managing director 06/10/2005 YES 22/08/2014
01697062 MAHENDER SINGH ARORA 601 DAYA SHREEJI, GOKULDHAM, GOREGAON EAST, MUMBAI, 400063, Maharashtra, INDIA Director 12/11/2010 YES 10/07/2014
02528045 UPKAR SINGH KOHLI 202 CHINAR, 21ST TPS ROAD, , BANDRA (W), MUMBAI, 400050, Maharashtra, INDIA Director 09/09/2009 EXPIRED 25/06/2012
AAQPN1499Q NADIMPALLY NAGESH A-503, SHIV SAGAR APARTMENTS, TILAK NAGAR, CHEMBUR, MUMBAI, 400089, Maharashtra, INDIA Secretary 23/02/2006 YES -



















with the above information, kindly verify the data and the depth of the issue, when you consider many such fixed deposit holders, to whom the company is planning to initiate fraud to the deposit holders and to avoid such a situation, need the immediate probe from the Governmental & Other Agencies, to avoid Liquation of the Company for the expected financial disaster.

In case of any clarification / further data, anyone please contact by email / mobile (9750950985) / post etc.,

Thanks and Regards,


For Mr.B.Rajendran,
S.Parthasarathy
Old No: 18/1, New No: 35,
Abraham Street,
Mylapore, Chennai 600004
M: 9750950985


On Tue, Dec 4, 2012 at 7:45 AM, S.Parthasarathy <sarathyfinance@gmail.com> wrote:

Kind Attn: a) Mr.Sachin Pilot, Minister of Corporate Affairs
b) The Registrar, MCA
c) Mr.Nilimesh Baruah, Serious Fraud Investigating Office

Sub: Fixed Deposit DEFAULT in Interest & Principle - Birla Power Solution - Liqudation of Company Requested For to sell the assets of the Company.

Ref : FDR No: 10142 / dt 08/10/2010 - B.Rajendran - Rs.70, 000/-

This mail is the INITIAL REPORT OF THE FRAUD to be going to happend in BIRLA POWER SOLUTIONS to cheat the Fixed Depositers. I will produce my case, as the First Case for your Kind Notice, and expect the Governtment Intervention to avoid the near disaster not to happend to Birla Power Solutions Ltd.

_________________________________________________________________________________________________________________

I am the Fixed Deposit Holder of "BIRLA POWER SOLUTIONS LTD". They had defaulted the interest payment on the fixed deposits. For the last two months, I am suferring to handle with the company officials for pre-maturing my fixed deposit. I had contacted the following peoples:

a) Mr.Ganesh
b) Mrs.Preeti
c) Mr.Santhosh
d) Mr.Sandeep, Adroit Corporate Services (Who takes care of Fixed Deposit Services of "Birla Power Solutions Ltd")


Till date, more than 50 email / 100 calls had been made by me, but the phone calls are not lifted, and no satisfactory replies to the email sent to Mr.Ganesh (who takes care of Fixed Deposits). Also, the company appointed "Adroit Corporate / Financial Services to take care of their FD processing service, who contend that they had not received any funds from the company to pay either interest or maturity amounts to fixed deposit holders. Hence, I would request the concerned officers to probe into the financial anamoly prevailing in the company now. Moreover, my amount is a peanut, but many lacs of such FD holders, raising their voice to MCA or other "Enforcing Directorate" to call for a probe.

Moreover, I had already contacted SEBI & intimated my concerns for which SEBI informed that, the proper Authority is MCA & SEBI cannot interfere on the FD Default Area for a company, hence, this email to MCA.


A) Company Name : BIRLA POWER SOLUTIONS LIMITED
B) Company CIN No: L31101MH1984PLC032773
C) State : Maharastra
D) Company Status : Active (As per MCA)
E) List of Directors (see below)


DIN/DPIN/PAN Full Name Present residential address Designation Date of Appointment Whether DSC Registered Expiry Date of DSC
00001879 YOGENDRA PREMKRISHNA TRIVEDI "MINISTRY MANOR", 62-A, NAPEANSEA ROAD, MUMBAI, 400006, Maharashtra, INDIA Director 30/10/2003 YES 27/09/2014
00005804 Yashovardhan Birla Birla House, 21 Mount Pleasant Road, , Mumbai, 400006, Maharashtra, INDIA Director 05/06/1987 YES 16/01/2013
00079576 RAJESH VIRENDRA SHAH 4-B, PLEASANT PALACE, FRIENDS SOCIETY, , N.S. ROAD NO. 5, JVPD SCHEME, VILE PARLE - WEST, MUMBAI, 400056, Maharashtra, INDIA Director 16/12/2005 NO -
00232048 Palaparthy Venkataramana Murthy A-4, SAGAR DARSHAN, OFF CARTER ROAD, BANDRA - (WEST), MUMBAI, 400052, Maharashtra, INDIA Managing director 06/10/2005 YES 22/08/2014
01697062 MAHENDER SINGH ARORA 601 DAYA SHREEJI, GOKULDHAM, GOREGAON EAST, MUMBAI, 400063, Maharashtra, INDIA Director 12/11/2010 YES 10/07/2014
02528045 UPKAR SINGH KOHLI 202 CHINAR, 21ST TPS ROAD, , BANDRA (W), MUMBAI, 400050, Maharashtra, INDIA Director 09/09/2009 EXPIRED 25/06/2012
AAQPN1499Q NADIMPALLY NAGESH A-503, SHIV SAGAR APARTMENTS, TILAK NAGAR, CHEMBUR, MUMBAI, 400089, Maharashtra, INDIA Secretary 23/02/2006 YES -



















with the above information, kindly verify the data and the depth of the issue, when you consider many such fixed deposit holders, to whom the company is planning to initiate fraud to the deposit holders and to avoid such a situation, need the immediate probe from the Governmental & Other Agencies, to avoid Liquation of the Company for the expected financial disaster.

In case of any clarification / further data, anyone please contact by email / mobile (9750950985) / post etc.,

Thanks and Regards,


For Mr.B.Rajendran,
S.Parthasarathy
Old No: 18/1, New No: 35,
Abraham Street,
Mylapore, Chennai 600004
M: 9750950985



On Mon, Dec 3, 2012 at 5:09 PM, S.Parthasarathy <sarathyfinance@gmail.com> wrote:
Kind Attn: Mr.Ganesh / Ms.Preeti / Mr.Santhosh - BIRLA POWER SOLUTIONS LTD


Sub: PRE-MATURE OF FIXED DEPOSIT FDR NO: 10142 / DT 08/10/2010 - B.RAJENDRAN - RS.70, 000/-

MANY MANY MAILS SENT. BUT NO ONE RESPONDED WITH CORRECT REPLY. WHY ???

YOU HAD TAKEN 70, 000/- AS FIXED DEPOSIT FROM US.

EITHER YOU PAY BACK OR ATTEND MY CALLS OR YOU CALL ME BACK (9750950985) OR RESPOND TO EMAIL OR PROVIDE THE CONTACT DETAILS OF ALL THE DIRECTORS INCLUDING YOUR MD. YASH BIRLA. I WILL DIRECTLY CONTACT ALL THE DIRECTORS.

SINCE YOU HAD DEFAULTED THE INTEREST, YOU ARE FORCING ME TO TAKE A ROUGH & TOUGH STAND.

DONT GET AFRAID OF ME. YOU ARE NOT COWARD.

For Mr.B.Rajendran,
S.Parthasarathy
Old No: 18/1, New No: 35,
Abraham Street,
Mylapore, Chennai 600004
M: 9750950985



On Sat, Dec 1, 2012 at 11:21 AM, Bajaj Capital Client Care <info@bajajcapital.com> wrote:

Dear Mr Ganesh,

Kindly find the below client mail & request you to provide us the latest feedback along with the correct dispatching date, so that we can reply to our clients on a proper way.

-----Original Message-----
From: S.Parthasarathy (sarathyfinance@gmail.com)
Date: Friday, November 30, 2012 06:12 AM
To: ganesh@yashbirlagroup.com (ganesh@yashbirlagroup.com); preeti@yashbirlagroup.com (preeti@yashbirlagroup.com); nagesh@yashbirlagroup.com (nagesh@yashbirlagroup.com); mktg@birlapower.com (mktg@birlapower.com); service@birlapower.com (service@birlapower.com); exports@birlapower.com (exports@birlapower.com); hr@birlapower.com (hr@birlapower.com); laxmi@yashbirlagroup.com (laxmi@yashbirlagroup.com)
Cc: Bajaj Capital Client Care (info@bajajcapital.com); prafuls@adroitcorporate.com (prafuls@adroitcorporate.com); RESPONSE@yashbirlagroup.com (RESPONSE@yashbirlagroup.com); KARUNA@yashbirlagroup.com (KARUNA@yashbirlagroup.com); info@adroitcorporate.com (info@adroitcorporate.com); investorgrievance@adroitfinancial.com (investorgrievance@adroitfinancial.com); clientnse@adroitfinancial.com (clientnse@adroitfinancial.com); cc_nse@nse.co.in (cc_nse@nse.co.in); mohit sharma (mohitsharma@adroitfinancial.com); uttam.nahta@mca.gov.in (uttam.nahta@mca.gov.in); khubchandani@mca.gov.in (khubchandani@mca.gov.in)
Subject: Re: Re: Pre-closure of Fixed Deposit - NOT EFFECTEDYET...STATUS UPDATE???



Kind Attn: Mr.Ganesh / Ms.Preeti / Mr.Santhosh - BIRLA POWER SOLUTIONS LTD


Sub: PRE-MATURE OF FIXED DEPOSIT FDR NO: 10142 / DT 08/10/2010 - B.RAJENDRAN - RS.70, 000/-

MANY MANY MAILS SENT. BUT NO ONE RESPONDED WITH CORRECT REPLY. WHY ???

YOU HAD TAKEN 70, 000/- AS FIXED DEPOSIT FROM US.

EITHER YOU PAY BACK OR ATTEND MY CALLS OR YOU CALL ME BACK (9750950985) OR RESPOND TO EMAIL OR PROVIDE THE CONTACT DETAILS OF ALL THE DIRECTORS INCLUDING YOUR MD. YASH BIRLA. I WILL DIRECTLY CONTACT ALL THE DIRECTORS.

SINCE YOU HAD DEFAULTED THE INTEREST, YOU ARE FORCING ME TO TAKE A ROUGH & TOUGH STAND.

DONT GET AFRAID OF ME. YOU ARE NOT COWARD.

For Mr.B.Rajendran,
S.Parthasarathy
Old No: 18/1, New No: 35,
Abraham Street,
Mylapore, Chennai 600004
M: 9750950985



On Fri, Nov 30, 2012 at 6:04 AM, S.Parthasarathy <sarathyfinance@gmail.com> wrote:


Kind Attn: Mr.Ganesh / Ms.Preeti / Mr.Santhosh - BIRLA POWER SOLUTIONS LTD


Sub: PRE-MATURE OF FIXED DEPOSIT FDR NO: 10142 / DT 08/10/2010 - B.RAJENDRAN - RS.70, 000/-

MANY MANY MAILS SENT. BUT NO ONE RESPONDED WITH CORRECT REPLY. WHY ???

YOU HAD TAKEN 70, 000/- AS FIXED DEPOSIT FROM US.

EITHER YOU PAY BACK OR ATTEND MY CALLS OR YOU CALL ME BACK (9750950985) OR RESPOND TO EMAIL OR PROVIDE THE CONTACT DETAILS OF ALL THE DIRECTORS INCLUDING YOUR MD. YASH BIRLA. I WILL DIRECTLY CONTACT ALL THE DIRECTORS.

SINCE YOU HAD DEFAULTED THE INTEREST, YOU ARE FORCING ME TO TAKE A ROUGH & TOUGH STAND.

DONT GET AFRAID OF ME. YOU ARE NOT COWARD.

For Mr.B.Rajendran,
S.Parthasarathy
Old No: 18/1, New No: 35,
Abraham Street,
Mylapore, Chennai 600004
M: 9750950985


On Thu, Nov 29, 2012 at 6:59 PM, <sarathyfinance@gmail.com> wrote:
Sent from my BlackBerry® smartphone
From: "S.Parthasarathy" <sarathyfinance@gmail.com>
Date: Thu, 29 Nov 2012 18:33:21 +0530
To: ganesh@yashbirlagroup.com<ganesh@yashbirlagroup.com>; <preeti@yashbirlagroup.com>; nagesh@yashbirlagroup.com<nagesh@yashbirlagroup.com>; <mktg@birlapower.com>; <service@birlapower..com>; <exports@birlapower.com>; <hr@birlapower.com>; <laxmi@birlapower.com>
Cc: Bajaj Capital Client Care<info@bajajcapital.com>; <prafuls@adroitcorporate.com>; <RESPONSE@yashbirlagroup.com>; <KARUNA@yashbirlagroup.com>; <info@adroitcorporate.com>; <investorgrievance@adroitfinancial.com>; <clientnse@adroitfinancial.com>; <ig_nse@nse.co.in>; <cc_nse@nse.co.in>; <mohitsharma@adroitfinancial.com>
Subject: Re: 'Ref ID=680-177' Re: Pre-closure of Fixed Deposit - NOT EFFECTED YET...STATUS UPDATE???

Dear Mr.Ganesh.,

Have you seen my below message..?

Mr.Sandeep of Adroit Corporate Service says, once the company gives confirmation, then only they will process.

For the FDR 10142, he checked in the system and intimated that the statement informed by Mr.Santhosh is wrong.

Kindly interfere and solve this issue. DO NOT KEEP MUM




For Mr.B.Rajendran,
S.Parthasarathy
Old No: 18/1, New No: 35,
Abraham Street,
Mylapore, Chennai 600004
M: 9750950985


On Thu, Nov 29, 2012 at 11:23 AM, <sarathyfinance@gmail.com> wrote:


On Thu, Nov 29, 2012 at 4:47 PM, S.Parthasarathy <sarathyfinance@gmail.com> wrote:
Dear Mr.Ganesh.,

Have you seen my below message..?

Mr.Sandeep of Adroit Corporate Service says, once the company gives confirmation, then only they will process.

For the FDR 10142, he checked in the system and intimated that the statement informed by Mr.Santhosh is wrong.

Kindly interfere and solve this issue. DO NOT KEEP MUM




For Mr.B.Rajendran,
S.Parthasarathy
Old No: 18/1, New No: 35,
Abraham Street,
Mylapore, Chennai 600004
M: 9750950985


On Thu, Nov 29, 2012 at 11:23 AM, <sarathyfinance@gmail.com> wrote:
Dear Ganesh,
Today I tried to contact you and got Mr.Santhosh who asked me to contact Mr.Sandeep, Adroit Corp Services.

MRI says our FDR 10142 shows pending status and needs confirmation from company.

Then I tried to contact Santhosh, but as usual ringing but no one lifting.

What to do now ???

Pls respond

Parthasarathy

Sent from my BlackBerry® smartphone
From: "S.Parthasarathy" <sarathyfinance@gmail.com>
Date: Wed, 28 Nov 2012 13:48:45 +0530
To: ganesh@yashbirlagroup.com<ganesh@yashbirlagroup.com>
Cc: Bajaj Capital Client Care<info@bajajcapital.com>; <prafuls@adroitcorporate.com>; <mktg@birlapower.com>; <service@birlapower.com>; <RESPONSE@yashbirlagroup.com>; <KARUNA@yashbirlagroup.com>; <info@adroitcorporate.com>
Subject: Re: 'Ref ID=680-177' Re: Pre-closure of Fixed Deposit - NOT EFFECTED YET...STATUS UPDATE???

Dear Mr.Ganesh,

Am awaiting for a line of reply from your end.

either call me or attend my call or reply thru mail.

dont keep mum...

For Mr.B.Rajendran,
S.Parthasarathy
Old No: 18/1, New No: 35,
Abraham Street,
Mylapore, Chennai 600004
M: 9750950985


On Tue, Nov 27, 2012 at 3:42 PM, S.Parthasarathy <sarathyfinance@gmail.com> wrote:
Dear Mr.Ganesh,

Thanks for your mail.

Trust you mean in our case, you are sending the PRE-MATURE FD ALONG WITH INTEREST upto the date of the cheque.

Please reconfirm & also intimate us the expected date of despatch of cheque.


For Mr.B.Rajendran,
S.Parthasarathy
Old No: 18/1, New No: 35,
Abraham Street,
Mylapore, Chennai 600004
M: 9750950985


On Mon, Nov 26, 2012 at 5:19 PM, ganesh@yashbirlagroup.com <ganesh@yashbirlagroup.com> wrote:
Dear Sir,

We are dispatching the Interest warrant in month of December
Sorry for delay

Regards,
Ganesh

-------Original Message-------

From: S.Parthasarathy
Date: 11/24/2012 11:21:57 AM
To: Bajaj Capital Client Care; PREETI@yashbirlagroup.com; ganesh@yashbirlagroup.com; nagesh@yashbirlagroup.com; prafuls@adroitcorporate.com; mktg@birlapower.com; service@birlapower.com; exports@birlapower.com; RESPONSE@yashbirlagroup..com; KARUNA@yashbirlagroup.com; info@adroitcorporate.com
Subject: Re: 'Ref ID=680-177' Re: Pre-closure of Fixed Deposit - NOT EFFECTED YET...STATUS UPDATE???


Dear All,

I really do not understand, why all the concerned in yashbirlagroup is keeping quiet.. without any update of the pre-mature FDR.

For the last one week, I am just trying to get some genuine reply, but nothing happend.
If for a single investor, who had deposited has to suffer piller to post, Is this correct from your end..? Moreover, why we pre-mature an FD. Because, you had not paid the interest properly, but for this no other reason.

I am expecting a genuine and correct reply from any one person from BAJAJ OR ADROIT CORPORATE SERVICE OR YASH BIRLA GROUP.


For Mr.B.Rajendran,
S.Parthasarathy
Old No: 18/1, New No: 35,
Abraham Street,
Mylapore, Chennai 600004
M: 9750950985




On Fri, Nov 23, 2012 at 4:49 PM, S.Parthasarathy <sarathyfinance@gmail.com> wrote:

Kind Attn: ADROIT CORPORATE SERVICES

I am one of the investor for BIRLA POWER SOLUTIONS. We had submitted our FDR to Bajaj Capitals for Pre-Mature of Fixed Deposit. The details of FDR is given below:

1. FDR NO: 10142
2. FDR DATED : 08/10/2010
3. FD AMOUNT : 70, 000
4. FD IN THE NAME OF : B.RAJENDRAN
5. FD SCHEME : NON-CUMULATIVE.


Also, understand that the above FDR has been received by the company. However, we do not know the status of the FDR Pre-mature deposit payment. I am constantly following up with Mr.Ganesh, who I understand is the correct contact person looking after FDR Pre-mature. However, inspite of many calls (022-66168446) and / or emails, cannot able to contact him. Also, many mails had been sent to various peoples at yashbirlagroup., but no response. I had given my contact number, with an intention, atleast anyone will call and update the status. However, nothing happend. From Adroit Corporate Service, could you able to help us in providing the update on this, it would be very nice.

Anticipating your earliest reply.

For Mr.B.Rajendran,
S.Parthasarathy
Old No: 18/1, New No: 35,
Abraham Street,
Mylapore, Chennai 600004
M: 9750950985




On Fri, Nov 23, 2012 at 3:23 PM, S.Parthasarathy <sarathyfinance@gmail.com> wrote:

Kind Attn: Mr.Ganesh / Mr.Santhosh / Ms. Preeti


Can any one reply from Yash birla Group...



For Mr.B.Rajendran,
S.Parthasarathy
Old No: 18/1, New No: 35,
Abraham Street,
Mylapore, Chennai 600004
M: 9750950985


On Fri, Nov 23, 2012 at 6:13 AM, S.Parthasarathy <sarathyfinance@gmail.com> wrote:

Kind Attn: Mr.Ganesh / Mr..Santhosh / Ms. Preeti

Can any one address when this issue get solved. Many Many mails., but
N Jan 25, 2013 by
User
Hemendra Shah  
 
We have very bitter experience with Birla Power Solution Ltd FD scheme. WE had invested our surplus savings in its FD scheme. We had no complain with the company till March-2012. From the beginning of this FY 2012-13 the practice of sending Advance Interest Warrant for running year was discontinued. The half yearly interest falling due on 30.09.12 is still not paid after more than 3 months delay. Several phone calls were made both to Registrar and Corporate office, but were never properly replied. Emails were also sent to both the offices but were never responded. We are worried that if company is not in position to pay the interest on FD than how will they repay our principal amount on maturity. Hence we request to your forum to timely interfere in this matter and find proper solution to save the valuable savings of thousand of FD holders who have blindly trusted on "YASH BIRLA GROUP" run by them after the exit of "GREAT GREAT BIRLAS".

Hemendra Shah - 09429264045
N Feb 26, 2013 by
User
ramkutwal  
 
There are lot of problems in this Company. We are lawyers we have filed lot of cases against the Birlas and its directors in Mumbai.

So best option is you also sue them.

Adv. Ram Kutwal,
9022701818
N Mar 8, 2013 by
User
himanshutiwari2013  
 
I want to bring to your notice the most unprofessional and unethical way 2 account employees at your organization Birla power have been treating the
hapless citizens and investors like me

This is in reference to FDR # 12726 INR 40000/- which I had opened up in Dec'11, due to extreme financial and personal exigencies (medicaltreatment of my wife) had requested for a Pre-Closure for which* Mr Ganesh and Mr Santosh/Ashish Mahendrakar from FD Department, Dalamal House, Nariman point hadsuggested that the amount will be paid in Jan'12 atlast after not interest payment since last one year

Yash Birla resigned on Dec'12 and PVR is a cheat need to expose them on media and they should be arrested and property annexed

I have been *struggling hard for my hard-earned money for which no interest has been payed since March'12 wherein every time these 2 account officers
used to mock and tell me to call after every month. They kept on giving repeated assurances that interest amount will be paid at end of Sep'12 buttill date not a single penny has been given

I will also like to take this opportunity to highlight the *most unprofessional and unethical behaviour of Mr Santosh on last Thursday when
he simply banged phone on me after repeated sarcastic comments

Since last 3 months even after repeated calls no one attends the call and after rigorous follow-ups am told that number was busy even when neither
one of them doesn't attends the calls even after being transferred from reception and am being told there is a constraint of work as of only 3
account officers in department

This was an medical emergency of my wife for which I had to borrow huge sum of money from market and encash as pre-closure all my invested money

Am attaching the following documents for your reference which had been sent to the Dalamal house based on discussion with Mr Ganesh / Mr Santosh who
now mock me that the Organization has no funds and amount shall not be credited and released before mid Jan'13*

1. Pre-Closure Letter*
2. Original FDR with signed Re 1 /- stamp*
3. Courier receipt
4. Cancelled cheque

Request your intervention and stringent action on such employees who deal with such unprofessional and unethical behaviour

An Aggrieved Investor
N Mar 18, 2013 by
User
anilvij  
 
I, m please to inform all Birla Power Solutions Ltd. FD holders to contact Ms. Vijay Shree from Aam Admi Party, Mumbai her contact no. is 9930961449 You can also email her on complaints.aap@gmail.com. She will definitely help you.
N Apr 2, 2013 by
User
R J KUMAR  
 
I think the Promoter has vanished after pledging most of his shares; Yash Birla has quit as Chairman & a Director by December 2012. So the company is headless and being run by some Professional MD who is not able to take any decision nor he can do anything unless some one else comes and takes over the company.

The Auditor has NOT brought out in his Limited Review that the company is defaulting to its Fixed Deposit Holders which shows that he is unfit for his profession. One can complain about the Audit firm to Institute of Chartered Accounts of India.

Also the company has been showing Profits every quarter till December 2012 which means the company has positive cash if one has to believe the accounts. The fact that Promoter has pledged almost all his shares and has quit the company is a clear indication that the company is deeply in trouble in terms of cash flow.

The FD holders have no other recourse but to file a winding up petition as the company must have defaulted to secured lenders as well. One has to write to MCA for winding up.

This is going to be a long drawn process and will go to the High Court after a while. The FD holders may end up taking a hair cut on their Principal and possibly getting their FDs converted to Equity as in the case of Morepan laboratories.

In the meanwhile Yash Birla will be enjoying life and appearing regularly on Page 3.

This is CORPORTE INDIA.

RJ
N May 4, 2013 by
User
dnbaba  
 
I have given Rs 50, 000 as fixed deposit to Birla power solutions Ltd in Nov 2010 which was due on 3-11-2012. till now the repayment is not done by the company. The company and its registrars have no courtesy to even inform when they will repay and what are the problems. I have seen many others like me are not paid. This is one way of cheating. Is it possible to file case under section 420??
also if we can get quick action from consumer courts if we file a case there.
If any other investors can guide me, I will be happy. also I am ready to join the group to fight against this company to get our hard earned money.
thanks and regards
dnbaba
hyderabad
N May 26, 2013 by
User
radheyshyam swami  
 
WE HAVE DEPOSITED RS, 6 LAKHS WITH M/S BIRLA POWER SOLUTIONS LTD.BUT THEY HAD NOT PAID THE INTEREST NOR THE PRINCIPAL DEPOSITED AMOUNT EVEN AFTER SENDING MANY REMINDERS TO THEM.WE HAD ALREADY SUBMITTED ALL OUR FDRs IN THEIR OFFICE ON 05/12/2012 BUT HAD RECEIVED ANY REPLY FROM THEM.

RADHEYSHYAM MAMANCHAND SWAMI
GYANESHWRI RADHEYSHYAM SWAMI


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