Sterling Tree Magnum (India) Ltd. Complaints & Reviews

I hv purchased One number of Teak tree from STM on 20th Feb 1996;the certificate no:"K 24017". Maturity date is 19/2/2016. The company has not paid any promised interim returns. Pl suggest whether I will be getting the assured money on the maturity date; or, what is the status of this scheme?

Regards,
Prabhakaram...

My parents had invested in plan B for 11 trees in STM in the year 1997 in my name (for which we have their official receipt and the original certificate) for which we had to get the first interim returns by 2004 and the second interim return by 2010 and the maturity is in the year 2017. At the time when my parents had invested the company had their Head off. at Murray's Gate Road Alwarpet, Madras 600 018 and their Regd. off. at 154, Eldams...

I had purchased 11 teak trees worth Rs.14550/- on 19/5/94 Against app. no. U 25167, Certificate No. L 4022 and its maturity date is 18/5/14 with assured mid term payments. However nither has any mid term payment been made nor there has been any communication from the company. I expect a note from the company giving details of the current status along with the interim payments promised at the end of the 6th and 12th year. SACHIN BANSAL +91...

Dear Consumer Complaints Forum, We invested Rs. 26, 250 in Streling Tree Magnum (STM) TEAKQUITY Plan (for 20 yrs) and bought 21 Teak trees. STM shall plant the teak trees and at the end of maturity period, the investor is benefited with certain returns (mentioned below). As per the agreement, 3 months prior the maturity date, we were to receive a communication from the company about the maturity of the Plan. There was no communication...

I purchaged 11 trees of teak wood bearing certificate no:l3022 in 19 - 04_1995 with a guaranteed in 6th year rs8800 in 12th year rs39600 and maturity value is rs6, 82, 000 and land entitlement of 3 cents at cheranmahadevi in nanguri taluk of tirunelveli in tamil naidu. No address and phone numbers not available on ground and web also....

I, the had invested in a Teak tree offered by Sterling Tree Magnum India Ltd in the year 1994 on 18/10/1994 paying Rs. 2950=00 (Certificate number D4823, Application No. G-101502) in the name of my minor son ABHISHEK GUPTA (s/o Sh A. K. Gupta). As per the certificate company shall be responsible for growing, maintaining the tree for 20 years and handover the tree or the applicable amount at the time of maturity in 2014 on 17/10/2014 and...

Name: vinod kumar maheshwari Application no. : G107254 Certificate no. : D13696 Date of joining : 29/9/1994 No. Of teak tree owned : 2 Amount invested : 2950 Maturity date : 28/9/2014 Maturity amount : 144000 I have opt for PLAN "E" There is no reply from STERLING TREE MAGNUM (INDIA) LTD. for last 20yrs. Any information regarding this... Plz contact me. [protected] My email id is [protected]@gmail.com...

I have purchased a Teak tree (serial no.- 630889) on[protected] for Rs. 975 via cheque no.- 0059958 in the name of Meenu Gupta D/o Manohar Lal Gupta R/o 52/40 New Dal Mandi, Naya Ganj, Kanpur- 208001.
I have not received any dividend / profit / payment of the tree till date.
She was married on 17- Nov. -1992 with Mr. Raj Kumar Agrawal and after her marriage she was settled in Allahabad and her name was changed to Meenu R Agrawal...