A post with an image showing list of multiple Agri based companies’ set up by Adani group is being circulated with a claim that all these companies were registered in 2019, alluding a sense of doubt about the nexus between the incorporation of these companies and the introduction of new farm bills, which allow for contract farming. Through this article let’s fact-check the claim made in the post.
Claim: Multiple Agri based companies were set up by Adani in 2019 ahead of the introduction of the new Farm Bills.
Fact: According to information available on the Ministry of Corporate Affairs, none of the companies mentioned in the post is incorporated in 2019. Information related to association and date of appointment a particular director of Adani Group with other subsidiary companies of Adani group is misinterpreted as Adani group’s incorporation of multiple Agri based companies in 2019. Hence the claim made in the post is MISLEADING.
According to the information provided on the Ministry of Corporate Affairs website, none of the companies mentioned in the post is incorporated in 2019. Few of these companies are incorporated much before 2019. Also, according to the ministry, there are few other Agri based companies incorporated by the Adani group much before 2019.
Taking a cue from the details of the director mentioned in the post, further search led us to InstaFinancials, a financial company which aggregates financial and non-financial data of all the Indian companies. According to the information provided on this website, this particular director’s association with the other companies and the date of appointment matches with that of the information provided in the post. With this, we can establish that information related to association and date of appointment a particular director of Adani Group in other subsidiary companies is misinterpreted as Adani group’s incorporation of multiple Agri based companies in 2019.
In the light of the farmers protest against the new farm bills which allows for contract farming, posts like these are being circulated with misleading claims.
To sum it up, information related to association and date of appointment a particular director of Adani Group in other subsidiary companies of Adani group is misinterpreted as incorporation of multiple Adani group’s Agri based companies in 2019.
