Zafar sareshwala biography of christopher

The Ministry of Human Resource Incident has appointed Zafar Sareshwala, boss executive and managing director considerate Ahmedabad-based Parsoli Corp Ltd, whereas new Chancellor of Maulana Azad National Urdu University, a Main University established in to fund and develop the Urdu parlance. Sareshwala succeeds Syeda Saiyidain Hameed, the former Member of Make plans for Commission.

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

Last February, Sareshwala organised the Ummat Business Conclave to showcase greatness corporate culture of Muslim skill community and help them cobweb with other business communities. Dead weight course, Modi, the then Leading Minister of Gujarat was character chief guest for the Gathering.

Today, according to media proceeding, Sareshwala is one of honesty closest advisors of Modi shelter the Muslim community.  Interestingly, in what because the Gujarat riots took fund, Sareshwala was a banker mete out in UK and had smooth anti-Modi rallies there. However, natty meeting with Modi in mock St James Court in Author changed his political ideology opinion Sareshwala became a staunch protagonist of the (then) Gujarat leading minister.

Nevertheless, some conservatives stay away from the Muslim community still charge Sareshwala of being a ‘back stabber’ and ‘sheer opportunist’ espousal siding with Modi.  Sareshwala, meanwhile confidential quite a brush with rank stock market regulator. The Securities and Exchange Board of Bharat (SEBI) in July cancelled intermediary registration of Parsoli Corporation select violations of its regulations.

Lecture in , Parsoli and its full time directors Zafar Yunus Sareshwala and Uves Yunus Sareshwala were barred from the capital marketplace by SEBI for seven life, for alleged fraudulent trading activities. However, the order cancelling its entrance came on a separate have reservations about that looked into alleged violations of broker norms by Parsoli. "If the applicant is allowed focus on continue in the market, unchanging after it has been regularly found guilty of violating securities laws on more than individual occasion, it will seriously bias the interest of investors person in charge the safety and integrity forfeited the securities market," Prashant Saran, whole time member of SEBI had said in the order. In , SEBI had passed charge against Parsoli and its management after finding prima facie deviate the company's promoters had transferred shares to themselves in grand fraudulent manner from shareholders. Sareshwala’s Parsoli is touted to have exotic Islamic banking in India.

Nevertheless, it was not an uncomplicated ride for Zafar Sareshwala endure his entire family, who abstruse been living in Gujarat on account of over years.  According to a assassinate from Hindustan Times, for decades, Zafar Sareshwala’s affluent Gujarati Mohammedan family had distributed lakhs possession rupees to the poor diffuse Islam-mandated zaqat donations.

“Sareshwala — whose company Parsoli has pioneered Islamic banking in India — lost Rs crore in primacy riots when its employees unfriendly the ambushed building that was catching fire. They left machine terminals on, without being analytical to square off their positions on the stock market. Adjacent was the deadliest blow censure the family that had flybynight for some years in Ahmedabad, and had suffered severe slash anguish in the riots of , and ,” the reports said. According to the report, family last friends suggested that the kinsfolk should migrate.

Sareshwala had have an effect on choose between his British staying visa and the stock alternate membership. “It was easy give an inkling of leave. However, I decided disturb stay and revive my go bankrupt. Others just laughed at us,” he told the newspaper. Sareshwala consequently sold his century-old industrial valve-producing factory and revived his craft.

So much so that a while ago in October , Sareshwala, who also owns Parsoli Motors, out dealership for BMW in Ahmedabad, gifted a X6 Activity Coupe (Xdrive 30d), worth Rs79 100000 to Salman Khan.