Mumbai: Mumbai-based low-profile company, Motech Software Pvt. Ltd., with ex MP Annu Tandon - whose husband Sandeep Tandon worked with RIL - as its MD, could be allegedly involved in the Swiss black money trail sought to be unearthed by India.
However, as per some reports not confirmed, Motech Software had later - at an unspecified date - snapped ties with Reliance Group.
According to a gazette notification this week, Switzerland's Federal Tax Administration (SFTA) has sought the company's help in the probe sought by 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.
Motech Software Pvt Ltd is said to be a global consultancy organization providing comprehensive business and IT solutions in complete package including Business Consulting, Managed and Project Services and Professional Services.
Its CIN (Corporate Identification Number) is stated as U72200MH2000PTC123803, Registration No. is 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 shows the private unlisted company's status as "active", with a paid-up capital of Rs 5 crore and the last AGM held in December 2011.
With financial investments originally by RIL, 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 & Distribution, Manufacturing, Telecom & Communication Media.