Gensol Engineering Ltd's downfall due to fund diversion by promoters Anmol and Puneet Jaggi, leading to SEBI probe. Gensol Engineer. · Mkt Cap: 130 Crore (down -95.8% in 1 year) · Revenue: 1,452 Cr · Profit: 87.3 Cr · Though the company is reporting repeated profits, it is not paying out dividend · Company has low interest coverage ratio. Now, that partnership is under strain. Gensol ’s liquidity crunch—triggered by credit downgrades, debt concerns, and allegations of financial misreporting—has investors worried about BluSmart’s future. Once an asset, Gensol has become a liability, raising governance red flags and threatening BluSmart’s ambitions, including its rumored IPO. With questions mounting over financial transparency and sustainability, the fate of one of India’s most promising EV startups is now tangled ... Gensol Engineering insolvency: NCLT admits Ireda's plea on ₹510 crore default The NCLT bench appointed an interim resolution professional to take charge of Gensol 's affairs. If no plan is ...
