I have query regarding the legitimacy of Tirumalla Tirupati mscs Reg no is mscs/cr/784/2013
Some of the major red flags that I have noticed are
- They claim to have 55 branches an their balance sheet displayed on the website shows location of kanivali(w),Mumbai Whereas their head office is in khar(w).
- Their FD is offering a rate of interest of 12%pa which is almost double the rate of interest as compared to nationalized banks,considering the fresh impact of demonetization.
- I see people aggressively investing money without doing any background research, their sales staff had approached me to invest, I am a bit skeptical and many of these societies end up being a fraudulent ponzi scheme
- The website is portly constructed, and the domain name is registered under a single person’s name.
I am attaching a link to the website
http://www.tirupaticredit.in/
5. This is the the contact details on the website
I C Naik
Better to look for more credible avenues to park money.