Qwik Supply 3rd-Largest Electoral Bond Buyer; Reliance Says Not Its Subsidiary

| 16 March 2024 1:22 PM IST

Qwik Supply Chain Private Limited, a little-known company with a registered address at Navi Mumbai’s Dhirubhai Ambani Knowledge City (DAKC) and having links to Reliance Industries, was the third-largest donor to political parties using electoral bonds. It bought Rs 410 crore of electoral bonds between financial years 2021-22 and 2023-24, but Reliance said the company is not a subsidiary of any Reliance entity. Electoral bond purchases and donations by Qwik Supply were behind Rs 1,368 crore of Future Gaming and Hotel Services – another little-known lottery company – and Rs 966 crore of Hyderabad-based Megha Engineering & Infra, according to information uploaded by the Election Commission on its website.

Tags: Electoral Bonds

Categories: National

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