The Pune based D S Kulkarni Group of Companies is a very reputed and respectable Business Group, especially in real estate, land development, construction and housing being conducted by their main company D S Kulkarni Developers Ltd. They have diversified into many areas, however, construction and housing is their primary business with offices in Pune, Mumbai and Bangalore. Over the past six months of so, the D S Kulkarni Group of Companies is the subject of intense discussions for the wrong reasons, the primary topic of the discussions being, Non-Refund of Fixed Deposits after Maturity and Default of Interest of existing Fixed Deposits. This has caused a great deal of anxiety among their investors, especially the Fixed Deposit holders. A larger number of their estimated 15,000 Fixed Deposit holders have comes together to form various Whatsapp Groups. Going by the general trend of discussions underway in these groups, it is evident that a large section of their Fixed Deposit holders comprises of retired persons and senior citizens. These Whatsapp Groups are most helpful to elderly persons, those who are sick and ailing and those who do not reside in Pune. I and my parents have been Fixed Deposit Holders of [...]
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