30/06/2020
One of the leading lift material supplier in Hyderabad has taken loan of 26 crores from different banks and unable to payback loans. This so-called leading company is also selling lift material without tax and selling low quality lift material to builders, by which they are playing with lives of many end users. Apart from bank loans, they have also taken 6 crores loan from manufacturers across the country. When asked by the Telangana Elevator Association, their managing partner said that he don't care about anyone except his own business.
It would be nice if such people change atleast during this corona pandamic time. By buying material from such terrible companies, small business owners are becoming prey to them.
Small lift companies are being manipulated by this company owner as their assets, vehicles, gold jewelery, are kept with him for assurance of repayment and these company owners are becoming rich and building their own assets. There is a great need to be careful with such people at this time.
Mistakes can be made by everyone, but it is essential that you are ready to change.
These companies always try to divide and rule, as a association we should be strong.
They may have divided your employees from you, they may have divided your business partners from you, I came to know that so many people are victims of this company.
Such people have no distinction of his own family members or his customers, all they do is exploit everyone in the name the of business, to get his own benefits, which some understand quickly, and some lately.
Regards,
Your well wisher,
Avinash Challa
President
Telangana Elevator Association.
President
Federation of Indian Elevator Companies.
