India's Prime Minister Narendra Modi gets a unique proposal via a newspaper advertisement

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India's Prime Minister Narendra Modi gets a unique proposal via a newspaper advertisement
Landomus Realty wants to invest $500 billion in IndiaUnsplash
  • A bizarre ad by an obscure company called Landomus Realty Ventures has caught the eye of Indians.
  • The company claims that it wants to invest $500 billion into Indian government’s National Infrastructure Pipeline (NIP).
  • Apart from this, the advertisement also mentions that Landomus has a “concrete plan to make India pandemic-free”.
In what can be considered as a truly bizarre advertisement, a little-known US-based company called Landomus Realty Ventures Inc., has sought a meeting with India’s Prime Minister Narendra Modi.

Taking it a step further, the company says that it wants to invest a whopping $500 billion into the Modi government’s National Infrastructure Pipeline (NIP).

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“Landomus Realty Ventures Inc., USA, would like to invest $500 Billion in Equity as the First Phase of the $2 Trillion investment under Build India into the National Infrastructure Pipeline (NIP) and Non-NIP projects listed by the Government of India under the India Investment Grid for 'Invest India' initiative,” said the chairman of the Landomus Group, Pradeep Kumar Satyaprakash, in a newspaper advertisement.

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The eye-popping investment number might seem interesting, but there’s very little that’s known about the company. The manner in which Landomus has expressed its interest to invest in India also makes it seem fishy.

“No company by that name had made any investment in highway projects till date,” unnamed road ministry officials told The Print.

Very little known about the company



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We also tried looking up the company on the Ministry of Corporate Affairs’ (MCA) website. We found the following details:

The Indian subsidiary – Landomus Realty Ventures Pvt Ltd. – is a Bengaluru-based company with a paid-up capital of ₹1 lakh.

It was registered in 2015 – the same year when the company registered its website.

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Its last annual general meeting took place in 2018, which is also when the company last presented its Balance Sheet.

Apart from this, the MCA website reveals that it has three directors – Pradeep Kumar Sathyaprakash, Yashas Pradeep Kumar and Rakshith Gangadhar.

Here is a brief look at the company’s revenue and profit over the last five financial years:

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YearRevenueProfit/Loss for the year
FY 2019-20--₹29,288
FY 2018-19₹10,02,155-₹5,990
FY 2017-18₹91,500₹11,612
FY 2016-17--₹10,251
FY 2015-16--₹43,454
Source: Ministry of Corporate Affairs; accessed via Tracxn

Landomus’ website was created in 2015



Landomus Realty has a one-page website wherein it mentions the same things that it did in the advertisement. It says it is based in New Jersey, USA.

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A quick check of the website’s registration details on Internet Corporation for Assigned Names and Numbers’ (ICANN) website shows that the website is registered in the name of United Land Bank, with Karnataka as its mailing address.

SEE ALSO:

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India hopes that more money will bridge the infrastructure gap⁠ but many believe that may not be enough

Rs 103 lakh cr infra projects launched under NIP; logistic Policy to come soon: FM
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