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Investigation

The untold, complete story of GoJavas and Pigeon – Part II

Who is Anand Rai? Why and how did he buy a majority stake in GoJavas? And whatever happened to the company after he did

17/03/17

Ashish K. Mishra

Anand Rai, who acquired a 50% stake in GoJavas, is the owner and managing director of a company called Pigeon Express Private Limited

Nobody in the trade circles or the officials at GoJavas to whom The Ken spoke to could satisfactorily answer how Rai ended up becoming the majority shareholder in GoJavas

Rai claims that he acquired a majority stake in GoJavas because he was a vendor and also because Praveen Sinha, one of the founders of the company, asked him to

Rai claims that he acquired the 50% stake in GoJavas, at a valuation, which he considers is “scrap value”

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