Piyush Jain Wiki, Age, Wife, Kids, Family, Biography & More

Piyush Jain is an Indian businessman who came into limelight in December 2021 for tax evasion. More than Rs. Rs 257 crore was recovered from his house during the raid conducted by the Directorate General of GST Intelligence (DGGI), Ahmedabad and the Income Tax Department.

Wiki/Biography

Piyush Jain was born in 1969 (age 52 years; as of 2021) in Chhipatti, Kannauj, Uttar Pradesh. As of 2021, he lives in Anandpuri, Uttar Pradesh with his family. He did BSc in Chemistry and MSc in Chemistry from Chhatrapati Shahu Ji Maharaj University (Kanpur University), Kanpur, Uttar Pradesh.

Physical Appearance

Height (Approx): 5′ 6″

Hair Color: Black

Eye colour: black

Family

parents and siblings

His father, Maheshchandra Jain, worked in a soap company in Mumbai. His elder brother Amrish Jain is known as the ‘Compound King’ (a mixture of chemicals found in gutkha and perfume) in Kannauj, Uttar Pradesh. His grandfather Phool Chand Jain had a clothes printing business.

wife and children

Piyush is married and his wife is one of his partners in business. They have two sons Pratyush and Priyansh. His daughter Nilanasha is a pilot.

livelihood

After completing his post-graduation in Chemistry, he joined his father’s soap business along with his elder brother. He started working as a salesman in the company and later, he started making compounds for soaps and detergents. After a few years of experience, he started making food compounds for various tobacco products. Gradually he started his perfume business in Kanpur, Uttar Pradesh and later he expanded his business to different cities of India and also abroad. He has more than 38 companies in India and two companies in the Middle East. He is the owner of ‘Odochem Industries’, a chemical manufacturing company in Uttar Pradesh, which he started with his elder brother.

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Controversy

In October 2021, DGGI, Ahmedabad had detained four trucks carrying pan masala worth lakhs of rupees, but the bills with the truck drivers were not for more than Rs. 50,000. After detailed investigation, it was found that fake bills were made to avoid GST. On December 22, the DGGI team had raided Shikhar Paan Factory and Ganesh Road Carriers (these trucks belonged to the same carrier company). Subsequently, the DGGI started investigating Praveen Jain, owner of Ganesh Road Carriers, and recovered Rs. Rs 1 crore from office. After this, the team investigated with Praveen’s brother-in-law Piyush Jain and Amrish Jain on 23 December 2021. Later, during the investigation of Piyush Jain’s house, a huge amount of cash was recovered. During the investigation process, the DGGI team also called Income Tax Department officials. It took more than 120 hours to raid Piyush Jain’s bungalow. An amount of more than Rs. was recovered in the raid. Rs 257 crore were recovered which were counted using 16 note counting machines.

Cash recovered from Piyush Jain's house during raid

Cash recovered from Piyush Jain’s house during raid

Apart from cash, documents of his properties (in more than 30 posh areas of India and Dubai), 25 kg gold and 150 kg silver were recovered in the raid. On 27 December 2021, he was arrested by Kanpur Police and under the Corona protocol, he was kept in barrack number 15 of Kanpur jail.

YouTube video

Facts/General Knowledge

  • Piyush portrayed the life of a middle-class man among his neighbors and he used to travel on a scooter. According to their neighbors,

    He [Piyush Jain] Used to walk on foot and travel by scooter. He used to attend functions wearing very simple clothes. He did not interfere in the affairs of others and kept a low profile. That’s why we never once doubted that he had so much cash in his house.”

  • According to various media sources, there were no CCTV cameras at his home, and only a few people visited his home. The walls of the house were guarded by electrical wires and at night there was current running through the wires, so no one could easily enter the house without his permission.
  • He maintained a low profile in public and kept a Toyota Qualis and a Maruti car in his bungalow in Kanpur, Uttar Pradesh.
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Categories: Biography
Source: vcmp.edu.vn

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