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

Piyush Jain

Piyush Jain is an Indian businessman who made headlines in December 2021 for evading taxes. More than Rs. 257 crores were recovered from his house during the raid conducted by the Directorate General of GST Intelligence (DGGI), Ahmedabad, and the Income Tax Department. [1]The Quint

Wiki/Biography

Piyush Jain was born in 1969 (age 52 years; as of 2021) in Chhipatti, Kannauj, Uttar Pradesh. He resides in Anandpuri, Uttar Pradesh, with his family as of 2021. He did BSc in Chemistry and MSc in Chemistry from Chhatrapati Shahu Ji Maharaj University (Kanpur University), Kanpur, Uttar Pradesh. [2]Jagran [3]India Today

Physical Appearance

Height (approx.): 5′ 6″

Hair Colour: Black

Eye Colour: Black

Family

Parents & Siblings

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

Wife & Children

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

Career

After completing his postgraduation 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 edible compounds for various tobacco products. Gradually, he started his perfume business in Kanpur, Uttar Pradesh, and later, he expanded his business in various cities of India and abroad. He has more than 38 companies in India and two companies in the Middle East. He owns a company ‘Odochem Industries,’ a chemical manufacturer in Uttar Pradesh, which he started along with his elder brother.

Controversy

In October 2021, DGGI, Ahmedabad, took four trucks in custody in which pan masala was loaded worth lakhs of rupees, but the bills the truck drivers were carrying were not more than Rs. 50,000. After a detailed investigation, it was found that to evade GST, fake bills were made. On 22 December, the team of DGGI, raided Shikhar Pan Factory and Ganesh Road Carriers (the trucks were from the same carrier company). Subsequently, DGGI started investigating the owner of Ganesh Road Carriers Praveen Jain and recovered Rs. 1 crore from the office. The team then investigated 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. The DGGI team called the officials of the Income Tax Department during the investigation process. It took more than 120 hours to raid the bungalow of Piyush Jain. In the raid, more than Rs. 257 crores were recovered which were counted by using 16 note counting machines.

Cash recovered from Piyush Jain's house during the raid

Cash recovered from Piyush Jain’s house during the raid

Apart from cash, documents of his properties (in more than 30 posh areas of India and Dubai), 25 kg of gold, and 150 kg of silver were recovered in the raid. On 27 December 2021, he was arrested by the Kanpur Police and he was kept in barrack number 15 under the Corona protocol of Kanpur Jail. [4]Hindi News 18 [5]The Quint

 

Facts/Trivia

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

    He [Piyush Jain] used to walk and travel by scooter. He would attend functions wearing very simple clothes. He wouldn’t meddle in others’ affairs and kept a low profile. So we never doubted even once that he has so much cash in his house.”

  • According to various media sources, his house did not have any CCTV cameras, and only a few people used to visit his house. The walls of the house were guarded by electric wires, and during the nighttime, the current used to run in the wires, so no one could easily enter the house without his permission.
  • He used to maintain a low profile in public and kept a Toyota Qualis and a Maruti car at his bungalow in Kanpur, Uttar Pradesh.

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