Hawala operator Hari Shankar Tibrewala has close links with Gensol, BluSmart

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.

Hari Shankar Tibrewala, one of the individuals associated with the Mahadev online betting scam, and now the subject of an Enforcement Directorate (ED) investigation, has direct and deep links with solar utility company Gensol Engineering, according to two people aware of the matter, who requested anonymity.

Gensol Engineering is also related to all-electric taxi startup BluSmart; both have the same promoter, Anmol Singh Jaggi. 

Hari plays the role of an advisor and a deal maker,” says one of two people cited above. “He uses his network of contacts to help the company get into deals in different geographies and …


Ashish K. Mishra

Ashish is the editor-in-chief of The Morning Context. One of the best-known business feature writers in India, he was selected for Germany’s Robert Bosch Stiftung Fellowship in 2012 and received the Mumbai Press Club RedInk certificate of recognition in 2015 for his story “Inside the Network 18 takeover”. Before joining The Morning Context, Ashish co-founded The Ken, where he was managing editor. His previous writing stints include Mint, Forbes India and The Economic Times.





T Surendar

Surendar helps lead the newsroom at The Morning Context as executive editor. Over the years, Surendar has worked in industries from pharmaceuticals to diamonds, as well as a stint as an equity analyst. In his long career as a business journalist, he has led teams at The Times of India, India Today and Fortune India. He was part of the founding team at Forbes India and interned at and published in The Times, London.

Executive Editor