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Investigation

Nanda family or Dubai shaikh: Who owns the company that manages most government tenders in India?

Royalty from Dubai, a businessman with an interesting history, and a web of offshore companies, including some named in the Panama Papers. These are the elements that make up the ownership of the most preferred mediator of all government contracts in the country. But C1 India continues to flourish despite its obscure promoters.
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jyotindradubey
16 Dec 2019 11 Mins Read 2 comments
Getty Images
How are government contracts awarded? The government first releases a tender, various companies bid for the contract, and the lowest bidder wins. This is the standard procedure, carried out through intermediaries running e-procurement and tendering portals. Normally, such platforms would be backroom players with little interest for the larger public. Things become interesting when one such intermediary trumps
were processed, was allegedly tampered to the benefit of a chosen few private players. This highlights the importance of regulating the mediators in the tendering process. Even as it is shrouded in mystery, C1 is flourishing. This company, despite its obscure promoters, continues to be the mediator for all high-profile government contracts. ( Graphics by Mohammad Arshad)
How are government contracts awarded? The government first releases a tender, various companies bid for the contract, and the lowest bidder wins. This is the standard procedure, carried out through intermediaries running e-procurement and tendering portals. Normally, such platforms would be backroom players with little interest for the larger public. Things become interesting when one such intermediary trumps were processed, was allegedly tampered to the benefit of a chosen few private players. This highlights the importance of regulating the mediators in the tendering process. Even as it is shrouded in mystery, C1 is flourishing. This company, despite its obscure promoters, continues to be the mediator for all high-profile government contracts. ( Graphics by Mohammad Arshad)

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