Latest news with #Shobhit
Time of India
04-07-2025
- Business
- Time of India
Videos hint at 2.6cr property fraud by trader's kin
Lucknow: Days after cloth trader Shobhit Rastogi, his wife and daughter died by suicide due to financial problems and failure to repay loans, two videos have surfaced which indicate that his brother-in-law, Vivek Siddharth, had allegedly usurped properties worth Rs 2.6 crore and misled him to take a loan of Rs 70 lakh, police said. In the videos, the name of Atul Gupta, a Nepalgunj-based man, is also mentioned who is accused of harassment. Following a complaint by Shobhit's brother, police on Wednesday arrested Vivek and his wife Mudita on charges of abetting suicide. According to police, Shobhit accused Vivek of usurping properties worth Rs 2.6 crore, including a house worth Rs1 crore, another property worth Rs 1 crore, and a shop worth Rs 60 lakh. Through the videos, police came to know that Vivek and Mudita allegedly took Rs 22 lakh, both in cash and online transfers, from Shobhit. Shobhit took loans worth Rs 70 lakh from banks and private lenders to invest in what he believed were joint family properties. "The videos, 3.06 and 3.45 minutes in length, were recorded by Shobhit and his wife inside their home. In the videos, they alleged that Atul Gupta from Nepalgunj had been threatening Shobhit since 2016 and once even put a pistol to his chest. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo Shobhit claimed Atul sent goons to his house and threatened his mother-in-law. Atul reportedly runs a restaurant called 'Little Hunger' in Nepalgunj and was connected to Vivek and Mudita," a police officer said. "Police investigations reveal that Shobhit was lured with promises of land deals and property shares from his in-laws. Believing he would receive his rightful share in ancestral property, he took a Rs 28.5 lakh loan from a finance company and handed it to Vivek. However, he defaulted on repayments after which recovery agents began harassing him," he said. "In her suicide note, Shobhit's wife Suchita wrote that her own family — her mother, sister Mudita, and brother-in-law Vivek — were responsible for pushing them into massive debt.," the officer said.
Time of India
30-06-2025
- Time of India
Trader, wife, daughter founddead in Lucknow, suicide suspected
Lucknow: A cloth merchant, his wife and 16-year-old daughter were found dead allegedly in a suicide pact at their flat in Ashrafabad in Chowk on Monday morning. The deceased, identified as Shobhit Rastogi (48), his wife Shuchita (45) and their daughter, consumed poison, police said. Tired of too many ads? go ad free now According to police, around 5am on Monday, Rastogi's daughter made a brief call to her 'chachi' (aunt) saying she and her parents had taken ill and needed urgent help. She told her aunt they were not in a position to move and asked her to use the flat's spare key with them to enter the house. "The aunt alerted her husband and he soon reached the flat and contacted the police. On entering the flat, they found the three family members lying unconscious. They were rushed to the KGMU Trauma Centre where doctors declared them dead," said DCP West Vishwajeet Srivastava. He added, "Shobhit and his daughter were lying on the bed while Shuchita was on the floor." Police recovered a one-page suicide note written in Hindi allegedly by Suchita which stated that she had taken some money from her parents and they were mounting pressure for her to return it on time. Neighbour Devesh Pandey claimed Shobhit was under a heavy debt and bank representatives often frequented his home. Police suspect that an open cold drink bottle found in the room had been mixed with poison. It has been sent to a forensic lab for testing. Police suspect the suicides were planned as the main door was locked from inside. Shobhit had a cloth shop in Rajajipuram. His two brothers live in Raja Bazaar area of the city. He had given his home's spare key to his brother on Sunday, saying that the family would be going out of town. Shobhit's staff said he appeared cheerful and displayed no signs of distress a day before his death. Neighbours described him as warm, social, and deeply involved in community activities.
India.com
25-06-2025
- Business
- India.com
Meet Shobhit Singh, who became a monk after MBA, returned home after few years due to..., now runs Rs 1200000000 business of...
Meet Shobhit Singh, who became a monk after MBA, returned home after few years due to..., now runs Rs 1200000000 business of ... Shobhit Singh success story: A person can be anything with his grit and determination. But what is destined will happen. Shobhit Kumar Singh must not have ever thought that he will again return to the worldly life after becoming a monk. Today not only he is a entrepreneur, but also his business is getting huge turnover. Shobhit, who hails from Kanpur, spent about one and a half years in an ashram as a monk. Under pressure from his parents, he returned home and got married. Today Shobhit is the owner of a toy and stationery brand with a turnover of Rs 120 crore. Shobhit Kumar Singh launched Stone Sapphire India Private Limited in 2016. The 'Make in India venture' company started marketing children's toys and stationery under its brand Scoodle. Shobhit family background Shobhit Kumar Singh hails from Kanpur in Uttar Pradesh. In 1999, he did MBA in Finance from the same university before doing BA Honors in Economics from Aligarh Muslim University (AMU) in 1997. His first job was in a German software company in Delhi as an assistant manager. His religious detour From the very beginning, he was inclined towards spiritual and philosophical life and studied various religions. This includes Vedic management programs, Islamic teachings and Christian theology. At a very tender age of 26 and after completing his MBA and then starting his career in a German software firm, Shobhit decided to renounce worldly life. He went to live as a sanyasi at Maharishi Mahesh Yogi's ashram in Rishikesh, where he spent about 18 months. Parents' pressure However, after about a year and a half, due to parental pressure, he left the sanyasi life and got married. His wife was from a business family of Vadodara, Gujarat. It was then that he entered the business world. Shobhit Kumar Singh has played a key role in making Stone Sapphire India Pvt. Ltd with a promising turnover of Rs 120 crore. He laid its foundation in 2016. The company started with children's 'art and culture kit'. Then expanded its range to stationery, toys, games and home products. Shobhit's achievements Shobhit has more than 500 SKUs (stock-keeping units). He has acquired licenses for many famous international brands like Play-doh, My Little Pony, Playskool, Barbie, Hot Wheels, Marvel, Fisher-Price, Disney etc. The company has a wide distribution network across India, reaching more than 30,000 stores. The story of Shobhit Kumar Singh is a great example of how a person can touch the heights of business success while still connecting to his spiritual roots.
Time of India
24-04-2025
- Business
- Time of India
Premji-backed iD Fresh appoints Shobhit Malhotra as CEO for global biz
Live Events Bengaluru: Premji Invest-backed iD Fresh Food has appointed Shobhit Malhotra as CEO, International Business to pursue the Bengaluru-headquartered company's ambition of taking its brand will spearhead iD Fresh's international journey, overseeing established operations in the GCC region and leading the brand's entry into high-potential markets. His focus will be on product innovation tailored to local consumer preferences in each market, building strategic partnerships, and enhancing distribution networks to establish iD Fresh as a trusted, premium and global fresh food brand, the company said in a Fresh Food chairman PC Musthafa said, "Shobhit's proven track record in leading business transformations across complex markets makes him a great fit for iD Fresh's global ambitions. His passion for building purpose-led brands and his deep understanding of diverse consumer cultures aligns perfectly with our mission of bringing fresh and healthy food to the world. We are thrilled to welcome him to the iD family to lead the war against preservatives and chemicals."Malhotra added that the opportunity to scale a homegrown success story across new international frontiers is both humbling and energizing."Shobhit brings over two decades of leadership experience in the global consumer goods industry, having held senior positions at Colgate-Palmolive, Unilever, and PepsiCo. His expertise in strategic insights, analytics excellence, operational acumen, and people-first leadership has consistently driven strong commercial results and fostered growth across complex and diverse markets.
Zawya
23-04-2025
- Business
- Zawya
iD Fresh Food appoints Shobhit Malhotra as CEO – International Business to drive global expansion
Dubai: iD Fresh Food, India's most loved fresh food brand, today announced the appointment of Shobhit Malhotra as Chief Executive Officer – International Business, effective immediately. The strategic move aligns with the company's broader ambition of taking its brand global, starting with visionary leadership and focused investments in growth and market expansion. In his new role, Shobhit will spearhead iD Fresh's international journey, overseeing established operations in the GCC region and leading the brand's entry into high-potential markets. His focus will be on product innovation tailored to local consumer preferences in each market, building strategic partnerships, and enhancing distribution networks to establish iD Fresh as a trusted, premium and global fresh food brand. Talking about the appointment, PC Musthafa, Chairman and Global CEO of iD Fresh Food, said, "Shobhit's proven track record in leading business transformations across complex markets makes him a great fit for iD Fresh's global ambitions. His passion for building purpose-led brands and his deep understanding of diverse consumer cultures aligns perfectly with our mission of bringing fresh and healthy food to the world. We are thrilled to welcome him to the iD family to lead the war against preservatives and chemicals." On his new role, Shobhit said, "iD Fresh is not just a brand—it's a movement towards healthier, more authentic food choices. I'm incredibly excited to be part of this journey and to contribute to building a globally trusted fresh food brand. The opportunity to scale a homegrown success story across new international frontiers is both humbling and energizing." Shobhit brings over two decades of leadership experience in the global consumer goods industry, having held senior positions at Colgate-Palmolive, Unilever, and PepsiCo. His expertise in strategic insights, analytics excellence, operational acumen, and people-first leadership has consistently driven strong commercial results and fostered growth across complex and diverse market. The company continues to grow at 25% on revenue and a strong EBITDA margin. Its recent organizational changes reflect its commitment to delivering sustainable growth and reinforcing its leadership in the industry. With a strong presence across India and the GCC, and plans to enter newer international markets, iD Fresh is poised for its next chapter of global growth. About iD Fresh Foods Since iD Fresh Food's inception in 2005, the Bengaluru-based company has produced and delivered a wide range of ready-to-cook, fresh Indian foods, without the use of any chemicals, preservatives, artificial colours, or flavours. Today, the brand exemplifies the merits of bringing together the best of innovation and tradition in food as well as food packaging. Currently, iD caters across retail stores in India, UAE, USA and UK. The Bengaluru-based brand's extensive natural and healthy product range includes Idly and Dosa Batter, Rice Rava Idly Batter, Malabar Parota, Wheat Lachha Paratha, Homestyle Paratha, Wheat Chapati, Spices, three variants of chutneys, Soft & Creamy Paneer, Creamy Thick Curd, 'Squeeze and Fry' Vada Batter, and three customised blends of Instant Filter Coffee Liquid and Coffee Powder. For more information on iD Fresh Food and its range of products, please visit For media queries, please contact: Pradyuth Ramkishore Watermelon Communications Dubai, U.A.E. Email – pradyuth@
