Sterling Tree Magnum India Ltd Complaints & Reviews

I had purchased one teak wood tree by paying Rs.975/- on 29/10/1992 which was due on 28/10/2012 (after 20 years) in South Karukurichi, Cheran mahadevi sub division, Ambasamudram taluk. Tirunelveli, Tamilnadu in the land t the extent of 17.76 acres. Till date there is no communication from the company. I do not have their phone numbers. I would like to know whether the company still exists or frauded the investors.i

I had purchased 20 teak trees from sterling tree magnum (stm) on 18/01/1995 under their "land owners teaquity scheme" in the name of my son dilneit m. p. (then 8 years old) by paying rs.1475 /- per tree. my total investment in this regard was rs.29500/. as per the land owners teaquity certificate issued by the said company, my son was to get rs.24500/- at the end of 6th year and rs 110000/- at the end of 12th year and a maturity value of rs14, 40, 000/- at the end of 20th yea that is on 17/01/2015. however, neither my son nor me received any money and the maturity date is already over.

Besides the above, the company had also promised allotment of land of 5.5 cent at udumalpet thaluk of coimbatore district of t. n. and a copy of sale deed also was received by the under signed. however the original of the same was not issued so for in accordance with the land owners teaquity certificate.

I am Mrs Ranjana Kumar. I had invested in 30 teak trees In the year 1996. Maturity date was 28 Feb 2016. Each tree was bought for rs 1775.00. The company has failed to give returnes as promised in the certificate. There is no office or any contact number of the company now. Not a rupee has been given to me against this investment. I save seen on the net that sterling tree magnum claims to be active, but fail to understand in which way. Please help me recover my Money which should be around 28 lakh as of now. If any one gets information on payments given, pls inform others too. It will be very helpful .

I had purchased twenty two Teak Tree worth rs.1775/- each on 30.1.1996 and 22.08.1996. The maturity dated was 31.1.2016 and is 21.08.2016, but as per company, i have not received any midterm return or heard anything from company. the brief detail is as under:

Name of the owner: Dhanya Joy
Nominee name: Lucy Joy
No. of teak trees: 11
Age of owner: 8 yrs.
Application No.R 21427
Certificate No.H 2092

and

Name of the owner: Divya Joy
Nominee name: Lucy Joy
No. of teak trees: 11
Age of owner: 10 yrs.
Application No.C106803
Certificate No.Q 3844

Regards

Joy Joseph

I purchased Two Teak Trees, one for myself and other in my wife, K.S Bramaramba's name.
As per the terms company was to make interim returns and at the end of 20 year term a lumpsum of 62000/-

I have tried my best to locate their address but there seems to be no company with this name in that location.
There is no response from the company.

Application No: 621940
Certificate No: T34070
Date of Joining: 29/12/1992
Applicant Name: K.Shamasundara Guptha

My Present Residence Address :

K.Shamasundara Guptha
#94/07 VP Layout
Bangalore
Karnataka
email: [protected]@gmail.com
Mobile: [protected]

My dad had purchased 3 tress on my name in 1996 with maturity on 2016 ...
Have certificates bearing no I 15540 and K 32180...

We have not received any communication in past 20years...

No interium is also receive as promised by them...
I seek report on this with all details from them...

As I get to see most of them are saying company is more settling their investors..

I would like to take all possible steps to go ahead and get our hard earned money...

Pls support...
We are now in Bangalore...which was also communicated to them by my dad...


Rgds.
Shalima Reddy
[protected]

Dear concern,
I manjunath subray bhandari have invested 5 trees on 25/4/1994. My certificate nos e1699, and application u 20285 and the date of maturity date 24/4/2014. Till date i have not received any feed back nor the maturity amount. Please hurry up and revert me back asap. And send me the maturity amount on the following address.

Manjunath subray bhandari
Plot no 22, sy no:108
M. G road tilakwadi belgaum
Karanataka-590006

I had invested in my name Mrs.Lourdina Saldanha in the company rupees 47925 + 1825 = 49750 in december 1997. The company had promised interim returns in the 6th, 12th and final amount in the 20th year. No returns till date and the maturity amount due in a couple of years. Tried to contact the company but no success. Kindly help in getting the contact details. Highly appreciate if you help me. Thankyou. Mrs.lourdina Saldanha [protected]