Contrary to promoter Anmol Singh Jaggi’s claims, Tibrewala is far from a passive investor in Gensol. He’s the moneybags on whose back the company’s stock has zoomed.
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Marred by multiple challenges, BluSmart, once a star of the Gensol universe, has become a black hole.
Anmol Jaggi has led Gensol to disaster. As investors face the brunt of his mistakes, the only question to answer is: is he incompetent or is there malice in his actions? For any answer to emerge, he must first step aside.
A big bang announcement to manufacture electric cars and multiple rollout deadlines later, his publicly listed Gensol Engineering has little to show for except a tadpole-like three-wheeler that is yet to prove itself.