Nowhera Shaik

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Nowhera Shaik
Nowherashaik.jpg
Dr Nowhera Shaik
CEO of Heera Group of Companies
Assumed office
1998
President of All India Mahila Empowerment Party
Assumed office
2017
Personal details
Born21 September 1973
Tirupati
NationalityIndia
ResidenceHyderabad

Aalima Nowhera Shaikh is an Indian entrepreneur and politician. She is the executive chairperson and founder of Heera Group and founder and current president of the All India Mahila Empowerment Party.[1] Shaik received award by UAE Minister for Business Leadership Icon In 2018.[1]

Heera Group[]

As per its website, Heera Group claimed that it was a company with diversified operations in various sectors including gold importing, gold trading, textiles, jewellery, mineral water, granite, tours and travels, real estate and e-commerce. Heera Mart, the group's shopping mall is located at Kukatpally, Hyderabad.[2] As per the chargesheet filed by Telangana police at the behest of investors, its subsequent investigation, and the declaration by the company itself the company started operation in 2008 as a small import and export company called "Hera Exim", renting 5 shop spaces in malls in Hyderabad, namely F1, F2, F3, F14 and F15. The company subsequently bought these spaces, and sold them to Indian Overseas bank and Corporation bank for Rs. 4 crores, the beginning capital investment for the group's subsequent activities. Subsequently, the shop shifted to Poatpally, and opened a large head office and call center in Banjara Hills, claiming to have international operations and floating investment schemes for small investors.

Political life[]

On 16 November 2017, Nowhera founded the All India Mahila Empowerment Party.[3] The party contested the 2018 Karnataka Legislative Assembly election[4] and fielded candidates for all 224 constituencies garnering 0.3% vote share.[5] The party contested from all the 119 constitutencies in the 2018 Telangana Legislative Assembly election and aims to contest in the 2019 Indian general election.[6]

Awards and recognition[]

  • Business Leadership Icon - 2018[1]
  • Extraordinaire – Powerful Women Achiever by NexBrands – Brand Vision Summit - 2017-2018[1]
  • Stardust Achievers Award - 2017[1]
  • Gulfood Award - Best New Comer Brand - 2016[1]
  • Woman of Integrity and Purpose Award - 2016[1]
  • Fastest Growing Indian Company Excellence Award - 2013[1]

Controversy[]

In 2018 Shaik was arrested for allegedly running a Ponzi scheme assuring returns of 36% per annum for the investment under the disguise of Heera Group and the total amount involved was more than ₹5000 crore from 1.72 lakh investors.[7][8][9] In 2016 also a complaint filed filed angaint Heera Group by Asaduddin Owaisi alleging for cheating a number investors from his constituency Hyderabad.[10] Shaik was released on conditional bail by the Supreme Court of India with a direction to repay the investors. After, the release Shaik had alleged that, she was targeted as a part of political rivalry.[11]

References[]

  1. ^ a b c d e f g h "Dr. Nowhera Shaik Received Award by UAE Minister for Business Leadership Icon". newindianexpress.com. 28 Jun 2018. Retrieved 16 June 2021 – via New Indian Express News.
  2. ^ "Heera Mart in Kukatpally". The Hans India. 9 October 2016.
  3. ^ "Nowhera floats new party for women empowerment". dailypioneer.com. 17 Nov 2017. Retrieved 3 Jul 2021 – via Daily Pioneer News.
  4. ^ Sharma, Swati (23 November 2018). "Nowhera Shaikh: Entrepreneur, educationist, conwoman". Deccan Chronicle.
  5. ^ "Nowhera Shaikh: From trading in gold to launching a party, her career was full of twists - Times of India". The Times of India.
  6. ^ "MEP to contest all seats in state polls". The Times of India. 10 October 2018. Retrieved 24 June 2019.
  7. ^ "Andhra CID arrests Nowhera Shaikh from Chittoor in ponzi scam". hindustantimes.com. 3 Jan 2019. Retrieved 18 June 2021 – via New Hindustan Times.com.
  8. ^ "Heera Gold Chairman Nowhera Shaik arrested in Hyderabad". moneylife.in. 16 Oct 2018. Retrieved 17 June 2021 – via New Money Life.
  9. ^ "'Where is the money?': Investors question Nowhera Shaikh over ponzi scheme". thenewsminute.com. 13 Feb 2021. Retrieved 16 June 2021 – via New The NEws Minute.
  10. ^ "Heera partners in row once again in trouble with a fresh dispute and a police case". deccanchronicle.com. 7 Aug 2016. Retrieved 18 June 2021 – via Deccan Chronicle.
  11. ^ "Will repay investors, claims Heera Group MD Nowhera Shaikh after release from jail". thenewsminute.com. 13 Mar 2021. Retrieved 18 June 2021 – via The News Minute.
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