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Economic Times

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Image Credit: Economic Times

Who are the Jaggi brothers—and how did Gensol, BluSmart get here?

  • Promoters of BluSmart, Anmol and Puneet Singh Jaggi, have diverted funds from their solar energy company Gensol Engineering, leading to allegations of financial misconduct.
  • Anmol Singh Jaggi is the son of an army officer and the co-founder of Gensol Engineering. He also co-founded BluSmart Mobility, India's first all-electric ride-hailing platform.
  • Puneet Singh Jaggi is a co-founder of Gensol Engineering and the founder of Prescinto Technologies. He is involved in Param Renewable Energy and serves as a board director of BluSmart.
  • The Jaggi brothers face serious allegations of financial misconduct including stock price manipulation, which has raised concerns in India's startup and clean-tech ecosystems.

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