Reliance Group - Latest News Update, Information, Photos & Videos on Reliance Group at Lokmat Times

However, as per some unconfirmed reports, Motech Software had later at an unspecified date snapped ties with the Reliance Group.According to a gazette notification this week, the Swiss Federal Tax Administration (SFTA) has sought the company's help in the probe sought by the Indian authorities to investigate the matter.The 19-year old company with its directors shown as Kesavan Varadarajan and Kaushik Vrajdas Ved is suspected of allegedly stashing millions of dollars in Swiss banks through a maze of offshore companies.The SFTA notice has called upon Motech Software Pvt. Ltd. to nominate a person within 10 days for exercising its right to appeal against the move by the Swiss authorities to part with relevant information to India.Described as a Relliance Group company, Motech Software is said to be a global consultancy organisation providing comprehensive business and IT solutions in complete package, including business consulting, managed and project services and professional services.Its Corporate Identification Number (CIN) is stated as U72200MH2000PTC123803, and Registration No. as 123803 with its registered office at No. 56, Mogra Village Lane, off Old Nagardas Road in the Andheri business hub of suburban Mumbai. The Registrar of Companies (RoC) records show the private unlisted company's status as 'active', with a paid-up capital of Rs 5 crore while the last annual general meeting was held in December 2011. With financial investments by the Reliance Group, the company continuously invests in building expertise in industry domains in a wide range of services, platforms and technology, having ability to undertake large turnkey projects anywhere in India or abroad. It has advertised its service expertise spanning across four major verticals finance, retain and distribution, manufacturing, and telecom and communication media. ( With inputs from IANS )

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