Actress subiksha supermarkets

  • It is learnt that the supermarket chain has an aggressive roll-out plan.
  • The Singaporean content creator and her mum open up tenderly about the unshakeable connection they share.
  • R Subramanian, the founder of the retail chain Subhiksha and an IIT alumnus with an IIM degree, has been sentenced to a 20-year prison term for.

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    Meet man who studied at IIT, IIM, launched his business, now set to remain in jail for 20 years due to...

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    R Subramanian is an accomplished man with a wealth of skills. He is a banker, an entrepreneur, an engineer, and a prisoner.

    Ritik Raj

    Updated : Jan 22, 2024, 03:57 PM IST | Edited by : Ritik Raj

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    R Subramanian is an accomplished man with a wealth of skills. He is a banker, an entrepreneur, an engineer, and a prisoner. For defrauding investors, R Subramanian, the founder of the retail chain Subhiksha and an IIT alumnus with an IIM degree, was given a 20-year prison sentence. As per the court ruling on November 20, 2023, renowned engineer Subramanian of IIT Madras was found guilty by a special court in Chennai of defrauding hundreds of investors and diverting their assets through various shell companies.

    He has established and run

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  • actress subiksha supermarkets

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    But fails to win over Subiksha

    CHENNAI: The past few months have been very hectic for discount retail chain, Subhiksha. First, the crashing stock market spoiled its IPO plans, which -- in turn -- pushed its expansion efforts into a tailspin.
    That's when Reliance Retail offered to be a knight in shining armour and acquire the company. But its promoter and managing director R Subramaniam has rejected this offer.
    Sources said Reliance had approached Subramaniam recently with an offer."The offer was turned down by Subhiksha and the company has decided to grow on its own. In fact, he (Subramaniam) has chalked out a punishing schedule for opening more stores," the source added.
    It is learnt that the Reliance Group had approached Subramaniam through ICICI Venture -- which has a 24% stake in the company. Cumulatively, the venture investor had pumped in Rs 50 crore in two tranches.
    Subramaniam, however, denied having any talks with Reliance. "These are wild rumours