Seb ibajajreply25april sebiedh1500010401

CompanyFD NoDateRedemptionDateinterestPrincipalinterestTotalHolder/s

31-Dec-1431-Dec-14

1Plethico Pharmaceuticals Ltd.917720-Jul-1125-Jun-1420-Jul-1412%2,50,000150002,65,000Renu Rampal/Rajesh Rampal

2Plethico Pharmaceuticals Ltd.1473614-Dec-1122-Oct-1413-Dec-1412%25,000150026,500Priya Rampal/Rajesh Rampal

3Elder Pharmaceuticals Ltd.N 6565815-Dec-1122-Oct-1415-Dec-1412%25,00074725,747Priya Rampal/Rajesh Rampal

4Omnitech Infosolutions Ltd.306617-Dec-1215-Jan-1417-Dec-1512.50%1,00,00065631,06,563Shreya/Renu/Rajesh Rampals

4,00,000238104,23,810

Remarks for 1 to 5

1Interest not paid since 30 June2014

2Interest not paid since 30 June2014

3Interest cheque dated 19 Dec 2014 for Rs 649 returned unpaid by Bank -refer to Drawer

4No details on Interest available as Rs 12,187 paid w/o details and Redemption pending

5Cheques for Rs 86,000 dated 26th January 2015 in hand from TV18 Broadcast Ltd.

Rajesh Rampal

57 Vaishali, Pitampura

Delhi 110034

9013975711

[email protected]

31 May2015

Security and Exchange Board of India

Mumbai

(scores.gov.in)

To Add to earlier Complaint -SEBIE/DH15/0000911/1

Complaint against: Registered Merchant Bankers- Bajaj Capital Ltd.

S.No

Category- Name of Company

Individuals

1

Bajaj Capital Ltd. Bajaj House, 97 Nehru Place, New Delhi 110019

SEBI Regn. No. MB INM000010544

Sh.K.K. Bajaj, Sanjiv Bajaj, Rajiv Bajaj and Anil Chopra and Surinder Singh (Pitampura Branch)

Consequent to complaint filed with SEBI on 23rd April 2015 vide above reference a letter was received from Bajaj Capital dated 25th April 2015, and hopefully they also sent it to SEBI. Consequent to my discussions with Sh J. N. Tikku, Registrar of Companies, M.P. Gwalior on 6th May 2015 and inter-actions at CLB, Mumbai Bench and further inter-actions and analysis new facts have emerged and hence this second complaint against Bajaj Capital Ltd. (hereafter Bajaj or Bajaj Capital).

SEBI does not entertain complaints relating to Fixed Deposits with Companies- a great Irony and that is the weakness that these promoters have exploited to the hilt. Some pro-active measures are required on part of SEBI to get these promoters and all the people who have assisted them behind bars. All these are NSE/BSE listed companies and are harming the interests of the Capital Markets. Class cases against such promoters are soon going to be introduced and shall form part of the Institutional work and SEBI needs to see the writing on the wall and act NOW. In fact a complaint from a Fixed Deposit Holder on non -payment of interest is the first step warning the Investor protection agencies to raise a warning signal but SEBI igonres such complaints and these cases become problematic. A more pro-active approach is needed to be taken by SEBI in raising the Red Flag in time. The following links form an integral part of this complaint.

Details with Pictures can be seen for earlier complaint filed with SEBI at: http://www.slideshare.net/rampalr/sebibajaj1

Bajaj's reply dated 25th April 2015 can be seen at : http://www.slideshare.net/rampalr/bajajreply25april2015 .

What a SEBI approved Merchant Banker means to an Investor

When a person chooses a Service provider or a Manufacturer he looks for an assurance. When we go outside our country we choose an IATA approved Airline or Travel Agent. When we buy a product we look for an ISO or BIS standard. Similarly when we deal in Financial products we look for a SEBI standard. Bajaj Capital has obtained the SEBI standard(!) (MB: INM000010544) and once an Investor deals with a SEBI approved dealer he considers assured of the bona fides of the company with whom he is to deal. SEBI has to act in a manner that assures Investors across the Nation about its approved dealers.

Capital formation is the first step in nation building or MAKE IN INDIA project and unscrupoulus dealers will wreck our nation's progress. They need to be weeded out ASAP.

SEBI needs to examine in detail the modus operandi of all dealers in the Financial Markets and especially Bajaj Capital whom it has given an accreditation or its certification. This needs to be checked in depth in the same way as RBI monitors all Banks by inspection and audits.

Reference Bajaj Capital (herinafter referred to as Bajaj or Bajaj Capital)letter dated 25th April 2015 our response and further charges against Bajaj are detailed hereunder:

Preamble

We wrote a letter to Sh. K. K.Bajaj Chairman Bajaj Capital on 2nd February 2015 detailing our grievances and it was received in their office on 4th February 2015. Bajaj chose to ignore the letter hence a reminder was sent again on 19th February 2015. A copy of this letter was also handed over to Mr Surinder Singh as well on 12th February 2015 who has been kept in the loop since the begining. In response to the reminder Bajaj replied vide letter dated 24th February 2015 which was a mere eyewash and without addressing any of the issues raised by us. These issues which Bajaj failed to answer since February 2015 have now been raised with SEBI and will be raised in several other forums very soon.

Bajaj had the opportunity to reply to our letter of February 2nd 2015 yet failed to respond to our concerns about their working. Even in the Bajaj Capital letter dated 25th April our issues on their working and other points raised so far have not been addressed.

Bajaj Capital's attitude and behaviour has been totally irrational, irresponsible and extremely callous. Just check out two of the several issues raised in our letter of 2nd February 2015.

Of Surinder Singh NOT accepting our papers for early redemption for Omnitech Infosolutions Ltd. And which we had to deposit through Linkintime India Pvt. Ltd. Please refer to Heading HOW YOU REALLY FUNCTION -OUR OWN EXPERIENCE point 1 of our letter of February 2 2015 addressed to Bajaj where this issue was raised.

Bajaj Capital was handed papers for lodging complaints with ROC Mumbai and Gwalior. Surinder Singh promised to get them deposited but TILL DATE we have not received the copies duly acknowledged by the ROC from Bajaj Capital. Please refer to para no 2 under Heading HOW YOU REALLY FUNCTION of our letter of 2nd February 2015. We did file the complaints on our own.

Other issues on shortage of Bajaj service were listed but they never addressed these issues in their letter of 24th February 2015 and not even in their letter of April 25th 2015.

The value of money is for the date when it is due e.g. If Shreya or Priya cannot use the money for their higher education in time they loose out in life and who is responsible: Bajaj Capital.

Any responsible company would have addressed these issues at that time and not waited for us to file our genuine complaint with SEBI. Bajaj just repeats their Principal's replies or Voice over and over again without any analysis of their own.

In Bajaj letter of 24 February 2015 Para 1 Bajaj Capital promise to get our payments released on HIGH PRIORIY and in addition mention

Omnitech Infosolutions per its managing Director Atul Hemani is really working hard and focusing intensely on business revival. They expect to start generation of funds in couple of months. What study did Bajaj conduct to arrive at this conclusion. NONE. We have many letters from the LIAR Atul Hemani starting from 2013 giving false promises and yet Bajaj relies on Hemani's words! Spreading lies and giving false hopes to clients is Bajaj hallmark. Did BAJAJ care to inform clients about this NEWS below.

As per http://economictimes.indiatimes.com/omnitech-infosolutions-ltd/stocks/companyid-20250.cms on 21st May 2015

Intimation for Winding up order passed by Honourable High Court| Announcement

15 May,2015, 12:05AM IST

Omnitech InfoSolutions Ltd has informed BSE that the Bombay High Court has passed order of winding up against the company in 5 winding up petitions. The Company has preferred appeals against the order. Division bench of Honourable Bombay High Court while hearing the appeals has granted interim stay on winding up orders.

Elder Pharmaceuticals Ltd. - Under point 2. Bajaj mentions- we have requested the Company to release a few cases on HIGH PRIORITY. Priya Rampal is a student so does Bajaj mean to tell us that they could not get Rs 25,000 plus the Interest due released since February 2015. Please let us know from Bajaj how many payments has the Company released in that period on HIGH PRIORITY. And how many of them are Bajaj clients?

Plethico Pharmaceuticals Ltd. The same story -the Company has reassured deposit holders and CLB ..... What is the bottom line. Bajaj has no answers. They send investors mechanical answers in letter dated 25th April 2015 with an attachment of the Company Law Board Mumbai Bench. SEBI has to question how it ended up giving such a company as Bajaj to carry the Number SEBI Regn No (MB INM 000010544). Questions to be asked from Bajaj shall follow in this complaint.

As per http://economictimes.indiatimes.com/plethico-pharmaceuticals-ltd/stocks/companyid-16888.cms on 21st May 2015

About Plethico Pharmaceuticals Ltd.

Plethico Pharmaceuticals Ltd., incorporated in the year 1991, is a Mid Cap company (having a market cap of Rs118.89Cr.) operating in Pharmaceuticals and health care sector.

Plethico Pharmaceuticals Ltd. key Products/Revenue Segments include Pharmaceuticals which contributed Rs 531.30 Cr to Sales Value (100.00% of Total Sales), for the year ending 31-Mar-2014.

For the quarter ended 31-Dec-2014, the company has reported a Standalone sales of Rs. 17.40 Cr., down -63.42% from last quarter Sales of Rs. 47.55 Cr. and down-83.51% from last year same quarter Sales of Rs. 105.47 Cr. Company has reported net profit after tax of Rs. -12.36 Cr. in latest quarter.

The companys management includes Ms.Khushboo Kothari, Ms.Khushboo Kothari, Mr.Chirag Patel, Mr.Deen Bandhu Roy, Mr.Shashikant Patel, Mrs.Meena Matani, Ms.Anuradha Kumari.

Company has N P Gandhi & Co. as its auditors. As on 31-Mar-2015, the company has a total of 34,066,667 shares outstanding.

Bajaj's Compliance Officer Mr Janardan has stated in his letter dated 25th April 2015 that the Company would repay its deposits in May-June 2015. Another eyewash by Bajaj and they have been repeating their Master's Voice over last several years.

Bajaj's eyewash of this letter dated 25th April 2015 is simply deplorable. It just shows the same callous approach without any action or responsible behaviour expected out of a SEBI approved Financial Services Company.

Please let us know the following details from Bajaj since they never reply to our questions -

The actual date of despatch of Interest Cheques by Linkintime India Pvt Ltd./Registrars/Company For the following Companies for the quarter mentioned against them. We have already filed complaints bearing reference number SEBIE/DH15/0000912/1 and SEBIE/DH15//0000916/1 against LINKINTIME INDIA P LTD and Premier and Plethico Pharmaceuticals with PROOF to SEBI how these Companies manipulate dates of Posting of Interest Warrants. Still under Investigation as Companies have not responded to SEBI till 20th May 2015.

Company

Quarter

Actual date of Despatch

Plethico Pharmaceuticals Ltd.

30th June 2011

Omnitech Infosolutions Ltd.

30th September 2012

Elder Pharmacueticals Ltd.

30th September 2011

---------------------------------------------------------------------------------------------------------

Reply Pointwise to Bajaj letter dated 25th April 2015

Sh. K.K. Bajaj

Chairman

Bajaj Capital Ltd.

97 Nehru Place

Bajaj House

New Delhi 1100019


Dear Sir,

Answer to your letter dated 25th April 2015 pointwise below as this reply raises doubts on the integrity of Bajaj Capital as a responsible SEBI approved company (We are replying through SEBI and a copy will be sent to K.K. Bajaj Chairman Bajaj Capital):

a. Your contention is absolutely false. All facts were stated with PROOF in our letter dated 2nd February 2015 from your tall claims and lies stated in your very own web site and even showing the screen pictures and web addresses and of your so called Philosophy of Treat your client's money as your retired father's or mother's money who may not be in a position to earn in the future. You only see what you wish to see.

b. Your TV and internet advertisement starring Anupam Kher The world knows this lie and even you have admitted it in your letter dated February 24th 2015 and April 25th 2015 by not mentioning the names and addresses of your so called created Crorepatis. This advertisement also needs to be reported to the ACCI.

hi . . . . . Savings . . crorepati . For truly independent advice call Bajaj Capital- Always in your interest .

You did mention in your web site very subtely what will happen to clients money if they deal through Bajaj Capital . You removed this from you web site now? At least you should have thanked us for this- nobody in Bajaj noticed this foolishness.

c. It is quite amazing that Bajaj Capital also claims to be FINANCIAL PLANNERS TO THE NATION on their Stationery.

You spread this canard of crorepati making and Anupam Kher in your business premises. A picture of your premises has already been taken and is not being shown here as we feel you know this unless you have never ever been to your grassroots office and have always been living in your Ivory tower Office oblivious to what is going on in your company as a result of either selective amnesia or feigned selective amnesia. Please do refer

http://www.slideshare.net/rampalr/sebiomniplethicobajaj1 page 13 of 40 for a picture of your office. Do read it since you always act in our interest(%) as you claim. We strongly refute your claim. Your claim of true and correct facts will now be demolished para wise now which your good self may kindly note.

Who has given the authority or the right to Bajaj Capital to pass judgement on genuine grievances of investors to Regulatory Bodies as SEBI and to term such grievances as Unlawful and Illegal. Are you a body higher than the Supreme Court of India in this matter? Please be informed that you are in the Dock and are to answer for your actions and tall and false claims made to 10,00,000 investors of India and spread over 120 offices spread all over India. You are NOT here to pass judgement but to hear the judgement. We consider this language intimidatory and strongly object to the words used in this letter.

It astounds us beyond our wildest imagination how you draw the irresistable presumption that we are satisfied with your services and have no complaints just because we had been dealing with you for last 40 years. (Small relief you do recognise it as 40 years in this letter). Had you taken the pain of reading our letter dated 2nd February 2015 under the Heading OUR FINANCIAL POSITION BASED ON YOUR NEED BASED ANALYSIS, SCHEME SELECTION AND EFFICIENT EXECUTION and the whole letter too you would have had some understanding of our (and all your other clients as well) extreme pain and anguish at your tall claims and false Investment Philosophy laid out by you -TREAT YOUR CLIENTS MONEY AS YOUR RETIRED FATHER'S/MOTHER'S MONEY WHO MAY NOT BE IN A POSITION TO EARN IN FUTURE as detailed under the heading YOUR CLAIMS. The claims made on the net or on TV or print Media are to be supported by conduct and facts. You have simply blinded yourself by making such false and tall claims and cheated investors of their hard earned money. It is preposterous on your part to claim we have NO COMPLAINTS and that means you never read our letter dated 2nd February 2015 nor the complaint made to SEBI but wrote this letter out of the hat. Your false and misleading advertisements and claims make you liable. May we remind you that you are approved SEBI Merchant Bankers bearing SEBI Regn. No. MB INM000010544. In fact you claim to be FINANIACAL PLANNERS TO THE NATION on your own stationery. You can fool some people for some time but not for all times. It is high time you admit your folly else it is going to be a very perilous journey for you. Your conduct in all your businesses has to match as specified under SCHEDULE III Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992 [Regulation 13] CODE OF CONDUCT FOR MERCHANT BANKERS plus the laws of the land and not what you feel fit. In fact your conduct has to be even of a higher standard than the Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992 [Regulation 13] CODE OF CONDUCT FOR MERCHANT BANKERS covering ethics and values.

On 4th September 2014 and even other wise we conveyed our extreme displeasure to you several times regarding your conduct and services yet you never responded. This email is below for your perusal (This was not the only one written and sent to you)

From: [email protected]
To: [email protected]; [email protected]; [email protected]
Subject: Share our sorrow
Date: Thu, 4 Sep 2014 12:11:55 +0530

Our Investments of approximately Rs 4 Lacs made through you are jeopardised as those companies are not paying interest nor Capital back on due dates and you expect us to recommend you.

Is this mail a joke?

Plethico and Omnitech and some others too. We are in no position to recommend you.

4. & 5. In this extremely dynamic world no one and specially a SEBI approved company can claim to be just a distributor while claiming to be an Investment advisor in its dealings and its web sites and advertisements and its basic fundamental investment philosophy. Your responsibilities are laid down by 60[SCHEDULE III Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992 [Regulation 13] CODE OF CONDUCT FOR MERCHANT BANKERS and not on what you decide for yourself. It is a highly dynamic market and every distributor or Investment advisor is supposed to know the dynamics of this market. By your dealings and claims you created an impression of ALWAYS ACTING IN YOUR INTEREST (%) which by now must have dawned on you is absolutely false.

You claim in your letter dated 25th April 2015 that you are engaged in investment services in point 4 and what you claim in your web site (Introduction, Why Bajaj Capital, Our Mission and Objectives )and advertisements and dealings all the time is a very different line altogether. When a grievance is filed before you as ours was filed on 2nd February 2015 you do not reply and when you reply after reminders it is a hogwash as was your reply dated 24th February 2015 and also of April 25th 2015 since you never respond to your style of working. You never denied anything in your letter dated 24th February 2015. The moment truth dawned you woke up and denied everything. Tomorrow you will even deny you are a distributor or SEBI/Law enforecement agencies has a watchdog duty over you and your kind. Laws of this country are supreme and not your own whims and fancies.

The financial statements of a Company at the time of the Deposit are not the latest ones as everybody knows. It is the duty of a SEBI approved dealer specially one who is also an approved Merchant Banker of SEBI to provide latest figures and information on the Company to its clients. We can show that you withheld information which was privy to investment from all your investors and we shall prove it at the appropriate time. A Financial Investment contract is Ubermai Fidei that of utmost good faith but you failed to provide latest figures or advise. There is just one question you ask (Surinder Singh) is WHAT IS THE SUM TO BE INVESTED AND YOUR MAN Surinder Singh fills in all forms and cheques and it is all over and all queries are answered with -- Challees saal ho gaye aaapko deal karte hooye koi complaint nahin to aage bhee nahin hogee. Hum hain naa. Chintaa mut karo. Shreya a student (Surinder knew this very well) invested in Omnitech Infosolutions Ltd on 17th December 2012 and the Company stopped paying interest from 30th June 2013. So within 6 months and 14 days the company was in such doldrums. Yet you chose to advise us to invest further in the same company and not only that you have failed to notify us the date from which the Companies stopped paying interest and also all your investors and also for Plethico and for Elder Pharmaceuticals. If you claim to carry out all you tall claims under Introduction (Bajaj capital web site) HOW COULD THIS HAPPEN with you as a SEBI approved agency? For Priya Rampal who had gone in good faith to Surinder Singh filled in forms for Elder and Plethico knowing fully well that she went to invest in PPF just because it fulfilled Bajaj interests.

You knew the date from which the Companies defaulted in interest payments PLEASE INFORM DEPOSITS YOU PROMOTED AFTER THE DATE OF DEFAULT.

S.No.

Company

Deposits raised after (By Bajaj Capital on behalf of its Principlas)

No. of Deposits

Amount (Rs)/

Quarterwise

1

Omnitech Infosolutions

30th June 2013

2

Plethico Pharmaceuticals Ltd

30th June 2014

3

Elder Pharmaceuticals Ltd.

31st December 2014

Please provide following details as at 31st March 2015 in Rs/Lacs.

1. Paid up Share Capital and Reserves of Bajaj Capital Rs/Lacs

2. Amount Outstanding to Deposit holders by all Companies for whom you were Distributors. In the second column mention outstanding deposits raised through you.

Company (and Status of Bajaj capital in the Fixed Deposit Issue)

Total Amount Outstanding to Deposit holders by Company (Rs/Lacs)

Outstanding deposits raised through Bajaj Capital (Rs/Lacs)

Elder Pharmaceuticals Ltd.

Omnitech Infosolutions Ltd.

Plethico Pharmaceuticals Ltd

Unitech Ltd.

Others

Total

You said it. Here you yourself admit that once the money is IN- your role is OVER. The real and true scope of your Business of late has become one and that is to only spread your lies through false advertisements, Tall claims in your web sites, your false investment philosophy of treating a clients money as your own retired father's money and dealings and then vanish from the scene as you state in your paragrah 6. You even moved your office from Pitampura FD Block front side without even informing your clients. Your philosophy is akin to once I have your money and it is stuck I DO NOT KNOW WHO YOU ARE -All the sweet talk is gone. This is detailed in our letter to you dated 2nd February 2015 under Heading HOW YOU REALLY FUNCTION -OUR OWN EXPERIENCE. It is a great irony that when Bajaj Capital needed our money for their dubious Principals they came to our house, sent us mails and even emails to get more clients for them and even overseas. We firmly responded to such mails with a NO. Yet they pestered us but once our money was with their Principals their job was over. They have done this to millions of Investors across India and abroad.

You operated out of the front portion of the Market under Pitampura Metro Station (FD Block) till 2013 and when the going got too hot you quitely shifted to the back side of the Market without informing your clients. A very grave mistake since Offices should not be allowed to close down and new ones opened without informing the clients. Anyway the old clients whom you wished to avoid mean nothing to you.

I am sure this is also the experience of over 10,00,000 customers that you claim in your letterhead. If this is the outcome of a SEBI approved dealer and one that has won the CNBC TV 18 Best Financial Advisor 2012 We shudder to think what awaits India in its Capital Formation excercise for MAKE IN INDIA campaign. I did bring this to the notice of Sh Amitabh Kant IAS on 15th April 2015. (Sh Amitabh Kant, Secretary DIPP, MOC) -How unscruplous dealers like you will make the MAKE IN INDIA campaign fail as the first step is CAPITAL itself and you are the one who is eroding Capital into unrated Companies and also helping in flight of Capital from India. Both Plethico Pharmaceuticls Ltd and Omnitech Infosolutions Ltd have resorted to the practice of funding acquisitions abroad through debt and short term debt! Both these Companies have raised deposits and used a short term source of funds to finance acquisitions in foreign countries. Omnitech Infosolutions acquired Avensus Nederland B.V in Holland and this is substantially funded by debt. Mr. J. N. Tikku the Registrar of Companies in Madhya Pradesh informed me on 6th May 2015 in his office in Gwalior that Plethico Pharmaceuticals has also adopted a similar route of using short term funds to fund acquistions outside India. A Company that is doing badly can never be allowed to take the debt route to acquire assets. It seems unscruplous elements have helped them achieve this objective.

Flight of Capital from India

Bajaj Capital Ltd. Had raised millions for both these Companies and once the money was in they themselves admit in thier letter paragraph 6. dated 25th April 2015 that their role was over. BEAUTIFUL -Millions of Rupees of their clients is invested in dubious Companies through Bajaj Capital and it says its role is over. How can a SEBI approved dealer claim not to follow a Company in which it has channeled millions as short term funds and if such an approved SEBI dealer claims so- then that dealer is to be treated at par with the Promoters of the defaulting Company. Had Bajaj Capital been alert this catastrophe could have been avoided in toto. Silence is equivalent to participation in such cases. I am writing a Note to The Finance Minister Sh Arun Jetely, Sh Ajit Doval, National Security Advisor and the PMO in this matter as well. Basic financial prudence on part of a SEBI approved agency is to excercise caution when it has channeled millions into companies and more so it must monitor the companies closely in such cases on account of its clients money, and more so in these days of narcotics money, terrorist funds and even money laundering issues. You not only failed to do that but threw all caution away and kept advising clients to invest more money in the same companies. This has resulted in flight of capital from India by Plethico Pharmaceuticals Ltd. and Omnitech Infosolutions Ltd. In their petition to the Company Law Bench Omnitech Infosolutions has itself mentioned that it acquired Intengibles and Avensus Nederland B.V in Holland out of debt (Please refer to FORM NO 8 filled with CLB by Avinash Pitale- Managing Director- Omnitech Infosoltions Ltd)and when the Company was making losses. The same is true of Plethico who acquired assets outside India from debt while making losses and then sold assets abroad presumably for a pittance. This needs serious investigation into the promoters affairs and all the people who helped them all this way. Present market value of assets or intangibles acquired abroad with the purchase price will reveal further anomolies on part of the Promoters. A case cut out for investigation by Enforcement Directorate.

Again Bajaj Capital Ltd is resorting to being the Judge in its own case by using terms as illegal, far fetched and unjustified. Passing judgements while in the dock is itself illegal, far fetched and unjustified.

8. Bajaj senior team members are absolutely incompetent. HOW? This is explained under OTHER POINTS

Bajaj Capital never ever advised us to file a complaint with the Company Law Board/Bench for Omnitech Infosolutions in January 2014. This speaks volumes for your advise but you yourself claim under para 6 of your letter dated 24th April 2015 that once the money is with the Company role of Bajaj Capital is OVER. You never filed our complaints with ROC Mumbai or Gwalior -this has been detailed in our letter dated 2nd February 2015 and even in this letter despite promising to do so and such action places you at par with the defaulting Companies.

OTHER POINTS

A. You are registered as Merchant Banker with SEBI.

Bajaj is a FAILURE at Merchant Banking

Is Bajaj Capital Ltd here to solve problems or are they the PROBLEM and Problem Creator for India's Capital Market?

You have no solutions but create problems for society and the Capital Markets at large. Bajaj Capital never looks for Solutions.

You are registered under the Merchant Banker category with SEBI bearing Registeration No. MB INM 000010544.

If you are a SEBI registered Merchant banker and whatever category and have advised and channeled millions into Plethico, Elder and Omnitech knowing fully well their financial position. It is very much your job to monitor such Companies for the sake of your clients.

As a prudent and pro-active SEBI registered Merchant Banker you should have approached these companies to raise Capital by way of long term funds like equity to finance overseas acquisitions since millions of your clients money was invested in these Companies instead of debt.

Satyam and Tech Mahindra Merger was finalised by JP Morgan and Morgan Stanley. Daicchi Sankyo and Sun Pharma deal was through ICICI Direct. Did Bajaj Capital as a responsible Merchant banker registered with SEBI ever try to broker a deal with a big pharma player like Sun Pharma to take over Plethico or Elder? Or Infosys or Wipro or TCS to take over Omnitech Infosolutions -NO. Did you ever write to Ministry of Corporate Affairs about any solutions? NO since your objective is tnot to protect Investor's interest. Unscrupolous promters have swindled Investors in India and taken money out of India to invest in dubious assets and have been aided in their nefarious objectives by many aides. Bajaj Capital also washes its hands like Pilate did and you yourself confirm so in para 6 of your letter dated 25th April 2015.

B. Bajaj works opposite of LIC Motto Yogekshema (add to what you already have)

Add more losses to your Client's existing Capital losses

Use your existing client's to spread your tentacles further to ruin more people

In September 2014 we were inundated with mails from Bajaj requesting us to recommend Bajaj to others.What a BLOODY Shameless Organisation - Bajaj Capital Ltd. After ensuring that our Investment gets stuck they want us to recommend them to others -are we going to be partners in their crime -NO NEVER. Despite our request you pestered us with your email uncessantly -an instance is given below -more can be given if required. It just shows that you were and still are not bothered with Investments stuck based on your advice but are only keen to gather funds on behalf of unscrupulous promoters to send abroad -YES a very serious charge for which you need to answer NOW. This survey was being conducted by Satmetrix on behalf of Bajaj Capital. Satmetrix: 1100 Park Place, Suite 210, San Mateo, CA, 94403, USA.

You have plenty of money to squandor on getting surveys done from USA based companies but no time nor money to provide any service to your Investors.

To: [email protected]; [email protected]; [email protected]
Subject: Share our sorrow
Date: Thu, 4 Sep 2014 12:11:55 +0530

Our Investments of approximately Rs 4 Lacs made through you are jeopardised as those companies are not paying interest nor Capital back on due dates and you expect us to recommend you.

Is this mail a joke?

Plethico and Omnitech and some others too. We are in no position to recommend you.

Date: Thu, 4 Sep 2014 05:31:47 +0000
To: [email protected]
Subject: Share Your Joy

DearRENURAMPAL,

It has been our pleasure to serve you. We value your relationship and really appreciate your confidence in us.

We are hoping that you would be willing to recommend us to your friends, family members, and colleagues who you think would be interested in benefiting from our Investment Services. We will ensure that your time and effort in providing recommendation for us won't go unnoticed. You will get Free 3 Month's Subscription of Investors India* India's leading magazine for Wealth Creation.Not just this, your referrals too will get a Free Financial Assessment Snapshot* that will help them plan their future financial needs. Help them become financially independent and they will thank you.

To ReferClick here

If you may need any help on your investments or services please give us a call at 1800-3000-6000 or write to us at [email protected].

Your Sincerely,
Bajaj Capital

*Terms & Conditions Apply

**An important note from our survey partner**
If you want to be excluded from future surveys and survey correspondence sent by Satmetrix on behalf of Bajaj Capital, you can unsubscribe with one clickUnsubscribe.Click here

This survey is being conducted by Satmetrix on behalf of Bajaj Capital. Satmetrix does not use this information for any other purpose. Satmetrix information privacy statement:http://www.satmetrix.com/privacypolicy/privacy.pdf. You can contact Satmetrix by mail at: 1100 Park Place, Suite 210, San Mateo, CA, 94403, USA.

Bajaj Capital, as the party who controls the data collected in this survey, may use your responses together with existing data it has about you to ensure its products and services meet your needs. The data collected from you will be treated in accordance with Bajaj Capital's privacy policy. To review this privacy policy, please contact Bajaj Capital or visit the web site:http://www.bajajcapital.com

EU Respondents: The data collected from you may be transferred out of the European Economic Area (EEA) to be processed on behalf of and under the instruction of Bajaj Capital by a third party data processor based in the USA.

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Survey for Bajaj Capital Clients through an Independent Agency

Dr L.C. Gupta had promoted -Society for Capital Market Research and Development. He had been member SEBI and has done several studies for the Ministry of Finance. He is the father figure of the Indian Finacial Capital Markets and apart from the Law enforecement Agencies we definitely need some study in the working of SEBI approved dealers like Bajaj Capital Ltd. I shall defineitely inform the Society through its current Board of Governors and also the Ministry of Finance. Needless to add Sh. Upendra Kumar Sinha Chairman of SEBI will also be informed. There is an immediate need to weed irresponsible players in the Capital markets. For any developing economy Capital formation is the first and foremost challenge of Investment.

Failed your Clients, SEBI and your Nation's march to a developed Economy

You have failed in your duty to your clients of 40 years standing and also several others and failed SEBI's faith and also the nation in its march to a new industrialesd India. You simply need to be blacklisted. The defaulting Companies who have been aided in their capital mopping and flight from India also need to be brought to trial at the earliest to protect the Investor's interest.

E. If one were to conduct a due dilgence for Bajaj Capital under [SCHEDULE III Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992 [Regulation 13] CODE OF CONDUCT FOR MERCHANT BANKERS one would arrive at the firm conclusion that Bajaj Capital does not deserve to be a SEBI approved Merchant Banker and SEBI needs to act against Bajaj and all its Principal Officers. Same is recommended for Plethico Pharmaceuticals Ltd., Elder Pharamceutical Ltd and Omnitech Infosolutions Ltd. Sooner this is done the better for the Nation. If required I can send in Q&A agaisnt all the 31 points under the aforesaid

[SCHEDULE III Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992 [Regulation 13] CODE OF CONDUCT FOR MERCHANT BANKERS

We never wished to end this way but your actions and deeds have made us act in this manner. You are so adamant that you refuse to change your views with those of the New India.

Yours truly

Shreya Rampal Priya RampalRenu Rampal Rajesh Rampal

Earlier Complaint lodeged with SEBI reference SEBIE/DH15/0000911/1- now very conveniently transferrd to NSE by SEBI -at whose behest or instructions a matter that needs sorting out.

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Rajesh Rampal


Delhi 110034

9013975711

[email protected]

Subject: Complaint Merchant Banker- Bajaj Capital Ltd.

Dear Sir,

On the specific advice of Bajaj Capital bearing SEBI Regn no MB: INM000010544 we made the following investments which are STUCK with the Companies neither making refund nor paying interest.

Sum Outstanding as at 31st December 2014 and now even higher as neither Principal nor interest is being paid by the defaulting Companies: Rs 4.24 Lacs and we near end April 2015.

If one household can have an outstanding of Rs 4.5 lacs till date approximately imagine what the sum would be pan-India for SEBI approved Bajaj Capitals total misdemeanor or felony? Bajaj Capital has resorted to misleading statements in its web site, in the Media like TV, on the internet, by their selling staff and also in their office.

All the arguments and proofs are given below and we request that Bajaj Capital be blacklisted with immediate effect

Best Regards

Rajesh Rampal, Renu Rampal, Priya Rampal, and Shreya Rampal.

COMPLAINT WITH DOCUMENTS AVAILABLE ONLINE AT:

Complaint filed with Economic Offences Wing Delhi Police can be seen at:

http://www.slideshare.net/rampalr/sebiomniplethicobajaj1?related=1

and For SEBI at:

http://www.slideshare.net/rampalr/sebibajaj1

Complaint against:

S.No

Category- Name of Company

Individuals

1

Bajaj Capital Ltd. Bajaj House, 97 Nehru Place, New Delhi 110019


Sh.K.K. Bajaj, Sanjiv Bajaj, Rajiv Bajaj and Anil Chopra and Surinder Singh (Pitampura Branch)

Our family has been dealing with Bajaj Capital since last forty years. Of late they have resorted to making exaggerated and false claims both in the Media and also in their web site. The Complete details are available in the letter addressed to Sh K.K. Bajaj, Chairman of Bajaj Capital and attached to this complaint- Annexure I. K.K. Bajaj has responded by his letter dated 24th February 2015 which is just an eyewash as he has failed to answer any questions raised on the unethical working practices of Bajaj Capital. (Also attached Annexure II) and moreover all the promises made by Bajaj Capital have fallen through since neither of the 3 defaulters has made any payment of either Capital or Interest. Neither is Bajaj Capital guiding Investors on how to file a complaint with SEBI or CLB nor keeping the investors informed.

Bajaj Capital claims in its web site and also to its clients that the philosophy of its Chairman Sh K.K. Bajaj is to Treat your clients money as your retired father's or mother's money who may not be in the position to earn in the future.

Bajaj Capital make one false claim after another as detailed in the letter addressed to Sh K.K. Bajaj, which forms an integral part of this complaint. (Annexure I) Bajaj Capital has advertised in the TV Channels and even on the net an advertisement starring a great Bollywood actor Anupam Kher who recommends Bajaj Capital as-


It is quite amazing that Bajaj Capital also claims to be Financial Planners to the Nation. (reverse of their Clients Copy receipt.)

When this issue was raised with Sh K.K. Bajaj to provide a list of such multi-millionaires he has chosen to keep quite. This advertisement misleads the General Public. Pictures of Anupam Kher are spread all over Bajaj Capial Offices to ensure a recall in the minds of customers visiting their office. Picture of Pitampura office is given below taken on 4th March 2015. (Pic removed for File Size in this pdf file purpose but can be seen at link on internet mentioned on top of letter.)

The basic need of every deposit Holder is Safety of Capital and timely payment of interest. Please refer for details about this advertisement with Anupam Kher to https://www.youtube.com/watch?v=eTt9FLx-mkY. We can even send a copy of this advertisement if required in DVD if per chance it is deleted from the internet.

Policies and Targets are decided by the top brass in an organization and in this case by K.K. Bajaj, Sanjiv Bajaj, Rajiv Bajaj and Anil Chopra while Surinder Singh (Pitampura Branch) was left to sell dubious Financial Products to the pliable ignorant public and to raise money for unrated companies. The named persons are responsible for this fiasco that has resulted in non-payment of Principal and timely Interest to Deposit holders.

Bajaj Capital claims that it does a NEED BASED ANALYSIS, SCHEME SELECTION AND EFFICIENT EXECUTION for all its customers. For us Surinder Singh not only filled our deposit forms and filled the cheques and also decided the sum to be invested and the company as per the Bajaj capital policy laid out by its Top Management.

In December 2011 Priya Rampal approached Surinder Singh of Bajaj Capital to invest Rs 50,000 in PPF Account no 50147 (Now 0766911950) but he advised her that since you do not have taxable income there is no need to invest in PPF. The PPF account of Priya Rampal was opened in December 2009 through Surinder Singh of Bajaj Capital only. He only filled her form in December 2011 for investing in Elder Pharmaceuticals Ltd. And also for Plethico Pharmaceuticals Ltd citing a higher rate of interest and without any concern for clients safety of capital or preference but practicing Sh K.K. Bajajs actual principles of investing- get the clients money and earn our (Bajaj Capital) commission and then dump him.

Shreya Rampal was a student as was very well known to Surinder Singh of Bajaj Capital yet he advised Omnitech Infosolutions Ltd. For Investment, instead of a safer option for investing money to fund her studies. We had taken a BAL VIDYA policy from LIC on our own and that was a great help funding a girl childs education Omnitech Infosolutions Ltd. defaulted in paying interest within 6 months and 14 days of investing and has not honored its commitment till date yet we were advised to invest more money in Omnitech Infosolutions Ltd. even after the date of default by Surinder Singh of Bajaj Capital. I am sure several other investors have been so advised by Bajaj Capital all over India. It needs a thorough investigation.

Renu Rampal and Shreya Rampal were also similarly advised to invest in Plethico Pharmaceuticals without any due diligence but on simple earn your commission and forget the client Principle.

A thorough investigation will reveal that Surinder Singh of Bajaj Capital pre-decided the sums and filled the forms and even the cheques. All the aforesaid three cases need to be checked to verify our claims from both investing Companies and our Bank Account.

We hold K.K., Bajaj, Rajiv Bajaj, Sanjiv Bajaj, Anil Chopra and Surinder Singh responsible for this fiasco as well as the Organisation Bajaj Capital. Question to Bajaj Capital is

where is your bouquet of service of personalised Investment service that creates a customised snapshot using your proprietary 360 degrees financial assessment at no extra charge and (as so prominently claimed in Bajaj Capital web site)

how despite your 360 Degree Financial Assessment Tool that uses a unique scientific method that takes an all-round view of investments using 3 steps 1. Need analysis 2. Scheme selection and 3. Efficient Execution. (as so prominently claimed in Bajaj Capital web site)

And coupled with the Chairman Sh K. K. Bajaj philosophy Treat your clients money as your retired fathers/mothers money who may not be in the position to earn in the future.

Result in such a situation where all our fixed deposits made through you from July 2011 till December 2012 are stuck both on Principal and Interest account? There is definitely something more than meets the eye?

HOW BAJAJ CAPITAL FUNCTIONS- OUR OWN EXPERIENCE & OBSERVATIONS

Omnitech We invested on 17th December 2012 Rs 1,00,000 at 12.5% interest payable quarterly. Omnitech defaulted in interest payments on 30th June 2013. We were advised to invest in this company obviously based on Bajaj capitals principles as described in their web site and after due diligence had been done under the direct supervision of Chairman Sh K. K. Bajaj as explained by Surinder Singh. We made the investment on 17th December 2012 and the Company defaulted on interest payment within 6 months and 14 days of Investment!!! We filed papers for immediate redemption in November 2013 but Sh. Surinder Singh refused to accept those papers and we had no option but to file them for redemption with the Registrars Linktime India Pvt Ltd. on 15th January 2014. A very pertinent question - how many more deposits were raised by Bajaj Capital on behalf of Omnitech Infosolutions Ltd. post 30th June 2013- the date of default and which continues till date? We were also asked to put in more money into the Company post 30th June 2013 but good sense prevailed.

Letter to ROC We were assured by Sh. Surinder Singh that our complaints to ROC (Maharashtra)Mumbai and (Madhya Pradesh)Gwalior in respect of Omnitech Infosolutions and Plethico Pharmaceuticals would be delivered by Bajaj Capital and receipted copies delivered to us. By now we had realised Bajaj Capital only makes false promises and misguides investors hence we independently sent our complaint to the two ROC Offices. ROC Mumbai has issued a notice to Omnitech Infosolutions Ltd on December 2 2014 vide letter ROC/IPC/MP/55256/2014/2013. ROC Gwalior is silent despite having received these complaints. Although our letters to ROC were accepted by Sh. Surinder Singh and we were promised we would be given receipted copies from the ROC offices by Bajaj Capital- this has still not happened.

When an FD matures Bajaj Capital never cares to inform Deposit holders a month in advance to take action for redemption. This is a very severe lapse. This important service which can be done by email at no extra cost by a computer is never done as Bajaj Capital truly represents the interests of the Borrowing companies and never ever in the interests of the investors. In case of non-renewal of Deposit on due date the interest clock stops unlike that in Banks where the deposit is renewed automatically.

Notification on defaults When Omnitech, Plethico Pharmaceuticals Ltd and Elder Pharmaceuticlas Ltd defaulted Bajaj Capital never cared to send a notification or a status report. WHY? Investors interest are not important but Bajaj Capital is there to protect interests of the defaulters.

Premier Ltd. correspondence- Premier Limited FD Cumulative sum of Rs 43,400 was due on on 4th January 2015 and till 14th January 2015 no cheque was received. An email was sent to the Company and Registrars reminding that Rs 43,400 was overdue from the Company and was informed by the Company

Dear Sir, Noted sir and will despatch by end of this week.

Later we were informed- SENT ON 6th January Ref No Speed No EM 614707064 IN. Rs. 30,000 was received on 15th January 2015. I wrote back regarding the balance sum of Rs 13,400 and I got another mechanical reply Rs.13,400 sent on 10th January 2015 and that this is as per policy and procedure. This policy and procedure of the Company defeats the provisions of the sanction given by the Central government under Section 58 of the Companies Act and the Companies Registrars are openly flouting it with the companys active concurrence. Correspondence attached under point 5 & 6.

Our Outstanding is Rs 4 Lacs on Principal and Rs 23,810 on 31st December 2014. The total outstanding of all of Bajaj Capitals investors stuck after due dates and including outstandings if they filed for early redemption would be a colossal sum running into crores! If this sum is calculated it will become amply clear that Bajaj Capital became a conduit for raising money for Companies that never intended to repay borrowers and if to repay to pay late. If this outstanding amount exceeds Rs 1,000 crores it shall be a case for the Serious Frauds Department of CBI. Obviously something wrong at the very top and needing careful investigation. What kind of appraisal did Bajaj Capital do at their end before marketing these FDs under their Chairmans Investment philosophy and of taking the basic precaution of preservation of investors capital and timely payment of interest? The action of those who approved these Companys application for accepting Public deposits and also for monitoring them needs to be scrutinized.

None of these three defaulting companies Omnitech, Plethico, Elder ever write to FD deposit holders. Omnitech MD is a habitual liar who sends letters and which mean nothing. Bajaj Capital never shares any information with deposit holders on its own as it has earned its Commission already and is least bothered.

The Companies never respond to our mails or reminders and copies marked to Sh. Surinder Singh generated a reply from him after months and that also when we called him on telephone that I cannot forward your mails as your emails have attachments of size greater than 2 GB. A very far cry from its tall claims in Bajaj Capital web site. Why cannot Surinder Singh answer immediately and on his own and why cannot he forward the gist of the email without attachments? Obviously since Bajaj Capital represent interest of the borrowers who remunerate them and not those who gave their hard earned lifetime savings based on K. K. Bajajs investment philosophy Treat your clients money as your retired fathers/mothers money who may not be in the position to earn in the future

From the aforesaid points it is clear that all claims in Bajaj Capitals web site are misleading and even the most basic premise is just an eyewash to mislead Investors - Fundamentals form the foundation of our work ethic. Trust, commitment, skills and innovation form a golden braid that runs through the very core of our business. Every small detail of our enterprise is continuously upgraded and creates value for our customers.

Incentives- Bajaj Capital channels Investors hard earned money into unrated Companies who pays Bajaj Capital a remuneration that is excessive. Bajaj Capital in turn shares this remuneration in cash with prospective FD holders and channels the money into unrated companies instead of good credit rating companies. Proof is given below when Bajaj Capital paid Rs 500 as cash incentive on a/c of Omnitech Infosolutions Ltd. Similar vouchers can be traced by us for other Companies too. (Pic removed for want of file size requirements in this pdf file but can be see at link proived on top of letter)

Despite so much in the area of Investor education Bajaj Capital has no information on Investor Education on its web site and never does its staff ever educate investors. Bajaj Capital policy is- Meet targets by hook or crook and damn the investor he does not matter the guy who butters our toast does and he is the borrower. He is the master of Bajaj Capital- Premier, Elder Pharma, PlethicPharma and OmnitechInfosolutions who openly flaunt all provisions of the sanction under Section 58 of the Companies Act.

K.K. Bajaj, Rajiv Bajaj, Sanjiv Bajaj, Anil Chopra and Surinder Singh and the Organisation as a whole are responsible for this fiasco in which thousands of Investors find themselves in and millions are at risk. Bajaj Capital has pocketed its remuneration and is now watching the fun from the side lines.

I would also like to know from Bajaj Capital and their Advertising agency and Sh. Anupam Kher about the TV advertisements and clips on the net with the claim


It is quite amazing that Bajaj Capital also claims to be Financial Planners to the Nation. (reverse of their Clients Copy receipt.)

Can we be provided with a list of Crorepatis with affidavits to this effect and with names and addresses? Else it shall be construed to be a misleading advertisement fooling Investors. One such Ad and hosted by Bajaj Capital can also be seen at

https://www.youtube.com/watch?v=eTt9FLx-mkY.

(Pic removed for want of file size requirements but can be see at link provided on top of letter)

RBI has very recently lowered Repo and reverse repo rates signifying a drop in Interest rates and these companies by not paying the Principal in time are taking investment opportunities away from Investors by not paying both interest and principal in time. They are thus also harming senior citizens who have no social security in this country.

Bajaj Capital proclaims to be the FINANCIAL PLANNERS TO THE NATION

in their stationery! We find this to be the joke of the MILLENIUM -If SEBI allows such claims to be made by Bajaj Capital.

Rajesh Rampal


Delhi 110034

9013975711

Sh. K.K. Bajaj

Chairman

Bajaj Capital

Nehru Place

New Delhi

Dear Mr. Bajaj,

Greetings from a family (customers) with more than 40 years of relationship with Bajaj Capital and whose three generations have been served by Bajaj Capital. We have purchased and sold Mutual Funds, Insurance, Shares, PPF, Post Office Deposits and Deposits with Public Limited Companies through Bajaj Capital and Amrit Lal Bajaj & Co. In fact I still remember one of our first dealings was through Amrit Lal Bajaj for Handa Rotary Machine Ltd. in 1970s whose Public issue got stalled and which never refunded the application money to the applicants.

Mr Surinder Singh of Bajaj Capital Pitampura has been dealing with us since more than 20 years now. He has come to our house several times and is aware of each and every detail of our family- my mother who is 90, me who has quit to become an author with only Interest income, my wife who is a housewife and my two daughters who are still studying. Our colony is of retired Professors of Delhi University and Bajaj Capital has served many a household in our colony. Several prominent Professors in our colony have served on Board of SEBI, SBI and have been advisors to MOF, GOI e.g. Dr L. C. Gupta, Dr.B.M. Bhatia etc.

Over these years our trust in Surinder Singh and Bajaj Capital fortified and it was Surinder who filled our forms and invested amounts and even filled the cheques. At times I challenged his judgement and he would point to our long association with Bajaj Capital and the driving value based underlining the core of Bajaj Capitals business ethics laid out by its Chairman and so prominently mentioned in its web page Chairman Sh K. K. Bajaj Treat your clients money as your retired fathers/mothers money who may not be in the position to earn in the future. http://www.bajajcapital.com/about-us/chairman-msg.aspx as on 16th January 2015.

We were further informed that a team in Bajaj Capitals head Office under direct supervision of Sh. K. K. Bajaj looks after the FD segment and only the best companies are selected for FDs and that in case of any trouble HUM HAIN NA, BAITHE HAIN NA YAHIN, KOI PROBLEM NAHIN. Credit rating kee koi swal nahin aap bus Bajaj Capital ka naam dekho as distributor.

Sh.K.K. Bajaj Chairman Bajaj Capital is described as a highly respected figure in the field of institutional and personal finance and Company FDs on your web site http://www.bajajcapital.com/about-us/who.aspx (16th January 2015 12.22 pm)

Bajaj Capital also ran advertisement campaigns on TV and hosted them on the internet starring Anupam Kher. One such Ad and hosted by Bajaj Capital can also be seen at https://www.youtube.com/watch?v=eTt9FLx-mkY

YOUR CLAIMS

The defining sentence about Bajaj Capital and as per Bajaj Capital is

Fundamentals form the foundation of our work ethic. Trust, commitment, skills and innovation form a golden braid that runs through the very core of our business. Every small detail of our enterprise is continuously upgraded and creates value for our customers.

And under Introduction http://www.bajajcapital.com/about-us/introduction.aspx

(16 January 2015 12.44 pm)


And under WHY BAJAJ CAPITAL- http://www.bajajcapital.com/about-us/why-bajajcapital.aspx

(16th January 2015 12.38 pm)


And on Our Mission Aim and Objectives- http://www.bajajcapital.com/about-us/our-mission.aspx (16th January 2015 12.36 pm)


Meet our Leaders I shall refrain from any comment here except for one about Sh.K.K. Bajaj who is described as a highly respected figure in the field of institutional and personal finance and Company FDs. http://www.bajajcapital.com/about-us/who.aspx (16th January 2015 12.22 pm) but his Philosophy on Investment runs through the veins and arteries of Bajaj Capital- Chairman Sh K. K. Bajaj Treat your clients money as your retired fathers/mothers money who may not be in the position to earn in the future. http://www.bajajcapital.com/about-us/chairman-msg.aspx as on 16th January 2015.

By the time you finish reading this letter the LOGO and any of its meaning will have no meaning it will just be a good piece written by somebody who has no inkling of the Finance world. But I must congratulate you that you do warn Investors in a very amusing and subtle manner what will happen to your Investors wealth by the following picture- moment Bajaj Capital touches your wealth, your wealth vanishes -see graph going down. However, ordinary investors like us cannot decipher the true meaning and get taken up by your web site and your staffs false claims and of course Mr. Anupam Kher who shows us the Technicolor Bajaj Capital dreams sub se zyada crorepati inhone Bajaj Capital ne banaye hain. I hope you can substantiate this statement by giving out a list of such people with signed affidavits to this effect else it will be presumed to be false and misleading and made with the sole purpose of fooling investors.


OUR FINANCIAL POSITION BASED ON YOUR NEED BASED ANALYSIS, SCHEME SELECTION AND EFFICIENT EXECUTION- All credit to Bajaj Capital.

Our current outstanding as at 31st December is given hereunder. Salient features are OVERDUE Outstanding Principal Rs 4,00,000 OVERDUE INTEREST Outstanding Rs 23,810 Total Rs 4,23,810. Defaulters are Plethico Pharmaceuticals Ltd. (Rs. 2,75,000), Omnitech Infosolutions Ltd.(Rs 1,00,000) and Elder Pharmaceuticals Ltd. (Rs25,000) None of these companies has paid even interest and Elder Pharmaceuticals interest cheque of Rs 649 has even bounced.

We hold you and your team comprising Rajiv Bajaj, Sanjiv Bajaj and Anil Chopra responsible for this fiasco as well as the Organisation Bajaj Capital. Our question to you is

where is your bouquet of service of personalised Investment service that creates a customised snapshot using your proprietary 360 degrees financial assessment at no extra charge and

how despite your 360 Degree Financial Assessment Tool that uses a unique scientific method that takes an all-round view of investments using 3 steps 1. Need analysis 2. Scheme selection and 3. Efficient Execution.

And coupled with the Chairman Sh K. K. Bajaj philosophy Treat your clients money as your retired fathers/mothers money who may not be in the position to earn in the future.

Result in such a situation where all our fixed deposits made through you from July 2011 till December 2012 are stuck? Is there something more than meets the eye?

HOW YOU REALLY FUNCTION - OUR OWN EXPERIENCE

(We are sure all your investors will concur with these views)

Omnitech Omnitech defaulted in interest payments on 30th June 2013. We were advised to invest in this company based on your principles as described in your web site and after due diligence had been done under the direct supervision of your Chairman Sh K. K. Bajaj as claimed in your web site. We made the investment on 17th December 2012 and the Company defaulted within 6 months and 14 days of Investment!!! And even on Capital. We filed papers for immediate redemption in November 2013but Sh Surinder Singh refused to accept those papers and we had no option but to file them with the Registrars Linktime India Pvt Ltd. on 15th January 2014. Please do let us know how many more deposits were accepted by you on behalf of Omnitech Infosolutions Ltd. post 30th June 2013 since we were also asked to put in more money into the Company post 30th June 2013 but good sense prevailed.

Letter to ROC We were assured by Sh Surinder Singh that our complaints to ROC Mumbai and Gwalior would be delivered by Bajaj Capital and receipted copies delivered to us. By now we had realised Bajaj Capital only makes false promises and misguides investors hence we independently sent our complaint to the two ROC Offices. ROC Mumbai has issued a notice to Omnitech infosolutions Ltd on December 2 2014 vide letter ROC/IPC/MP/55256/2014/2013. ROC Gwalior is silent despite having received these complaints. Although our letters to ROC were accepted by Sh Surinder Singh and we were promised we would be given receipted copies from the ROC offices by Bajaj Capital- this has still not happened.

When an FD matures you never care to inform Deposit holders a month in advance to take action for redemption. This is a very severe lapse on your part for services provided to Investors but as rightly pointed out on your web site you are remunerated by the Borrowing Companies and it seems your first loyalty is to them. This important service which can be done by email at no extra cost by a computer is never done as you truly represent the interests of the Borrowing companies and not your investors.

Notification on defaults When Omnitech, Plethico Pharmaceuticals Ltd and Elder Pharmaceuticlas Ltd defaulted you never ever cared to send a notification or a status report. WHY? Investors interest are not in your mind ever and you are there to protect interests of the defaulters.

Premier correspondence- Premier Limited FD Cumulative Rs 43,400 was due on on 4th January 2015 and till 14th January 2015 no cheques were received. I sent an email reminding the Registrars and Company for Rs 43,400 due from the Company and to [email protected] and all replied SENT ON 6th January Ref No .. Sum received on 15th January 2015 was Rs30,000. I wrote back I got another mechanical reply 13,400 sent on 10th January 2015 and that this is a policy and procedure. This policy and procedure of the Company defeats the provisions of the sanction given by the Central government under Section 58 of the Companies Act and the Companies Registrars are openly flouting it with the companys active concurrence. I have informed all including Bajaj Capital. Let me see if you have taken up this cause with Premier Limited or not. I am sure NOT since you represent the Borrowing Companies interest and not that of your investors. Correspondence attached at end of this email.

Our Outstanding is Rs 4 Lacs on Principal and Rs 23,810 on 31st December 2014. Can you please let me know the total outstanding of all your investors stuck after due dates and including outstandings if they filed for early redemption? If this amount exceeds a certain limit it can have extremely serious connotations. I hope you are aware of this. It will also show that this malaise is all over your branches and not confined to any one branch. Obviously something wrong at the very top.

None of these three companies Omnitech, Plethico, Elder ever write to FD deposit holders. Omnitech MD is a habitual liar who sends letters and which mean nothing. You never inform deposit holders as your Commission is in and your job is over. It is high time you change and start representing the investors interest.

The Companies never respond to our mails or reminders and copies marked to Sh. Surinder Singh generated a reply from him after months and that also when we called him on telephone that I cannot forward your mails as your emails have attachments of size greater than 2 GB. Why do you have such limits if your systems are excellent as claimed by your web site? Why cannot Surinder Singh answer immediately and on his own and why cannot he forward the gist of the email w/o attachments? Obviously since your represent interest of those who remunerate you and not those who gave their hard earned lifetime savings which you Sh K. K. Bajaj claim Treat your clients money as your retired fathers/mothers money who may not be in the position to earn in the future

From the aforesaid points it is clear that All claims in your web site are misleading and even the most basic premise is just an eyewash to mislead Investors - Fundamentals form the foundation of our work ethic. Trust, commitment, skills and innovation form a golden braid that runs through the very core of our business. Every small detail of our enterprise is continuously upgraded and creates value for our customers.

Incentives- You channel Investors hard earned money into Companies who pay you a remuneration that is excessive and you share this remuneration in cash with prospective FD holders to channel the money into unrated companies instead of good credit rating companies.

Despite so much in the area of Investor education you have no information on such on your web site and never do your staff ever educate investors but do only one thing- Meet targets by hook or crook and damn the investor he does not matter the guy who butters our toast does and he is the borrower. He is the master of Bajaj Capital- Premier, Elder Pharma, Plethic Pharma and Omnitech Infosolutions who openly flaunt all provisions of the sanction under Section 58 of the Companies Act.

You and your team are responsible for this fiasco in which thousands of your Investors find themselves in and millions are at risk and Bajaj Capital has pocketed his remuneration and is now watching the fun from the side lines.

I would also like to know from you and Sh. Anupam Kher about his statement that Bajaj Capital has made the maximum number of Crorepatis so far. Can we be provided with such a list with affidavits to this effect from such persons with names and addresses else it shall be construed to be a misleading advertisement fooling Investors for years. One such Ad and hosted by Bajaj Capital can also be seen at https://www.youtube.com/watch?v=eTt9FLx-mkY

RBI has very recently lowered Repo and reverse repo rates signifying a drop in Interest rates and these companies by not paying the Principal in time are taking investment opportunities away from Investors by not paying both interest and principal in time. They are also harming senior citizens who have no social security in this country.

We asked Mr Surinder Singh to come and discuss these issues with us before we send this letter to you. He promised to come on 22nd January 2015 but did not come till 26th January 2015.

I have always believed in solutions to the most complex problems. There can be amicable solutions to all problems and your reply will set the tone whether you are looking for solutions or whether you are the biggest problem in this whole mess of which you seemingly are the creator in the first place.

My late father, a Botanist always said: A mans reputation and a tree take a hundred years to build but just take minutes to bring them down. You chose to give your family name BAJAJ to your business. Have you given a thought on this angle ever? Mind you a customer with more than Forty years association and three generations with Bajaj Capital is asking this question and today.

We do expect a reply and fast and we need results not mechanical answers.

Await your reply.

Yours sincerely,

Rajesh Rampal Renu Rampal Priya Rampal Shreya Rampal

Reply of Bajaj Capital removed but can be seen (Pic removed for want of file size requirements but can be see at link provided on top of letter)

Letter was received from Bajaj Capital dated 25th April 2015 and hopefully they also sent it to SEBI. Consequent to my discussions with Sh J. N. Tikku Registrar M.P. Gwalior on 6th May 2015 and interactions at CLB Mumbai Bench and further interactions and analysis new facts have emerged and hence this second complaint against Bajaj Capital Ltd. SEBI does not register FD Complaints and that is the weakness that these promoters haveexploited to the hilt. Some proactive measures are required on part of SEBI to get these promoters and all the people who have assisted them behind bars. All these are NSE and BSE listed companies and are harming the interests of the Capital Markets. Class cases against such promoters are soon going to be introduced and shall form part of the Institutional work and SEBI needs to see the writing on the wall and act NOW. It is over 30 days since lodging the complaint and SEBI has very conveniently passed the complaint SEBIE/DH15/0000911/1 to NSE after 30 days- under whose influence this was done remains to be seen.

Investor Relations

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