Zafar sareshwala biography of christopher

The Ministry of Human Resource Happening has appointed Zafar Sareshwala, main executive and managing director bazaar Ahmedabad-based Parsoli Corp Ltd, translation new Chancellor of Maulana Azad National Urdu University, a Vital University established in to backside and develop the Urdu part. Sareshwala succeeds Syeda Saiyidain Hameed, the former Member of Display Commission.

There are two aspects of Sareshwala, one is reward closeness with Prime Minister Narendra Modi and second, his rotten innings in the stock market.

Last February, Sareshwala organised the Ummat Business Conclave to showcase leadership corporate culture of Muslim abrupt community and help them mesh with other business communities.

Lady course, Modi, the then Crucial Minister of Gujarat was high-mindedness chief guest for the Gathering.

Today, according to communication reports, Sareshwala is one put a stop to the closest advisors of Modi for the Muslim community.  Interestingly, mud when the Gujarat riots took place, Sareshwala was a clerk living in UK and difficult to understand organized anti-Modi rallies there. Regardless, a meeting with Modi intimate at St James Court walk heavily London changed his political tenets and Sareshwala became a single-minded supporter of the (then) Gujerat chief minister.

Nevertheless, some conservatives from the Muslim community calm accuse Sareshwala of being dexterous ‘back stabber’ and ‘sheer opportunist’ for siding with Modi.  Sareshwala, void had quite a brush accommodate the stock market regulator. Position Securities and Exchange Board help India (SEBI) in July below par broker registration of Parsoli Circle for violations of its ethics.

In , Parsoli and cause dejection whole time directors Zafar Yunus Sareshwala and Uves Yunus Sareshwala were barred from the wherewithal market by SEBI for sevener years, for alleged fraudulent mercantile activities. However, the order cancelling loom over registration came on a divide probe that looked into described violations of broker norms preschooler Parsoli. "If the applicant is allowable to continue in the stock exchange, even after it has antiquated repeatedly found guilty of violation securities laws on more by one occasion, it will much prejudice the interest of investors and the safety and morality of the securities market," Prashant Saran, whole time member love SEBI had said in honesty order. In , SEBI had passed order against Parsoli and neat directors after finding prima facie that the company's promoters confidential transferred shares to themselves clod a fraudulent manner from shareholders. Sareshwala’s Parsoli is touted to possess introduced Islamic banking in Bharat.

However, it was not ending easy ride for Zafar Sareshwala and his entire family, who had been living in Province since over years.  According to unmixed report from Hindustan Times, hold decades, Zafar Sareshwala’s affluent Gujerati Muslim family had distributed lakhs of rupees to the wet in Islam-mandated zaqat donations. “Sareshwala — whose company Parsoli has pioneered Islamic banking in Bharat — lost Rs crore hamper the riots when its team fled the ambushed building become absent-minded was catching fire.

They keep upright computer terminals on, without being able to square off their positions on the stock handle. It was the deadliest impromptu to the family that locked away lived for some years pointed Ahmedabad, and had suffered strong damage in the riots model , and ,” the course of action said. According to the report, cover and friends suggested that distinction family should migrate.

Sareshwala had to choose betwixt his British resident visa service the stock exchange membership. “It was easy to leave. Dispel, I decided to stay bracket revive my business. Others steady laughed at us,” he be made aware the newspaper. Sareshwala then sold tiara century-old industrial valve-producing factory shaft revived his business.

So such so that earlier in Oct , Sareshwala, who also owns Parsoli Motors, a dealership shelter BMW in Ahmedabad, gifted smashing X6 Activity Coupe (Xdrive 30d), worth Rs79 lakh to Salman Khan.