With its registered address in Dhirubhai Ambani Knowledge City (DAKC) in Navi Mumbai and ties to Reliance Industries, Qwik Supply Chain Private Limited is a relatively unknown corporation that was the third biggest voter bond giver to political parties.
During the fiscal years 2021–2022 and 2023–2024, it purchased Rs 410 crore in electoral bonds; nevertheless, Reliance stated that the company is not a subsidiary of any Reliance entity.
Election Commission data released on its website indicates that Future Gaming and Hotel Services, a lesser-known lottery company, and Hyderabad-based Megha Engineering & Infra received donations and sales of electoral bonds totaling Rs 966 crore and Rs 1,368 crore, respectively, from Qwik Supply.
According to information that is readily available to the public, Qwik Supply is a producer of storage units and warehouses. On November 9, 2000, the unlisted private business was established, possessing an authorized share capital of Rs 130.99 crore. Its capital is fully paid up at Rs 129.99 crore.
The company's revenue for 2022–2023 (April 2022–March 2023) exceeded Rs 500 crore, although profit figures were not disclosed.
In 2021–2022, it purchased electoral bonds for political parties in the amount of Rs 360 crore. Its net profit for the same year was merely Rs 21.72 crores. In the fiscal year 2023–2024, it purchased bonds totaling an additional Rs 50 crore.
There are three directors and one reported key management employee in the company. Tapas Mitra, who was appointed on November 17, 2014, has been a director for the longest period of time on the board. He also serves on the boards of 25 other firms. Mitra is a director of organizations like Jamnagar Kandla Pipeline Company Private Limited and partnership partnerships like Reliance Eros Productions LLP.
Reliance Paging Private Limited, Jamnagar Ratlam Pipeline Private Limited, Reliance Tankages Private Limited, and Reliance Oil and Petroleum Private Limited all share the same address as the Jamnagar Kandla Pipeline, which is registered in Ahmedabad.
Since December 10, 2019, Vipul Pranlal Mehta has served as a director on the Qwik board of directors. In addition, he is a director of eight additional businesses, one of which being Rel Icons and Traders Private Limited.
The most recent director to be selected, Sridhar Titti, will join the board on November 27, 2023.
In answer to a thorough interrogation, a representative for Reliance Industries stated: "Qwik Supply Chain Pvt Ltd is not a subsidiary of any Reliance entity."
A company connected to Surender Lunia, Nexg Devices Pvt Ltd, bought Rs 35 crore worth of election bonds in May 2019 and November 2022. In May 2019, Infotel Business Solutions, a different company connected to him, purchased electoral bonds valued at Rs 15 crore. It was him who sold the Adani Group a 29.18% share in NDTV that Reliance-affiliated companies owned.
