FirstCry Founder Supam Maheshwari Investigated Over Alleged $50m Tax Evasion

  • Supam Maheshwari, founder of FirstCry, Globalbees Brands and Xpressbees, is being investigated by the Indian tax department for possibly evading over $50 million in taxes on FirstCry equity transactions.
  • Investors including ChrysCapital Management Co and Sunil Bharti Mittal’s family office have also received tax-related enquiries.
  • Maheshwari is currently in talks with the tax department to settle the probe; he has yet to issue a statement on the matter.
Join 2 million subscribers

A curated newsletter that summarizes the important news at the intersection of Global tech, India Tech and AI.

Delivered 8 AM. Daily.
nextbigwhat We would like to show you notifications for the latest news and updates.
Allow Notifications