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Q.

Any body knws PACL INDIA LTD company....this company working in insuarnace field...in short name its called to 'pearls"giving life insurance to people
and its corportate business partner is MAX NEW YORK LIFE INSURANCE COMPANY this comapny working with join partner in corporate sector.... i want to knw that this company is good for investment.....?and company future....

About: Company: Tech Mahindra Ltd.

Asked by praveen gokak, 13 Apr '09 01:47 pm
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Answers (9)

1.

PACL has extremely rich and varied experience in carrying out land development and maintenance activities exclusively pertaining to Agriculture including Seeds Production at large number of Farms located all over the Country. At these Farms, we grow Wheat, Paddy, Baby Corn & Vegetables as well as high quality of Mangoes, Sapota, Amla, Cashew Nuts etc through our dedicated & professional teams. Meanwhile, through Strategic Alliance and association with MNCs, it is planned to further enhance the quality & quantity of Mangoes (Bangnapally, Alphonso, Neelam, Banglora etc) at our Orchards in various locations. Through this association, tremendous success has also been achieved in growing export quality of Baby Corn in Punjab. Large scale production is now planned during 2009.
Answered by nitant sharma, 13 May '10 08:34 pm

 
  
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2.

PACL (PEARLS) India Ltd is only Corporate agent for Max Life Insurance Co. Ltd. He is not partner. Max Life Insurance is IRDA Controlled Company in India. Every one should give cheque or money in favor of Max Life Insurance Co. Ltd.(Money is secured),, not in favor of PACL(PEARLS) India Ltd.. If PACL (PEARLS) India Ltd. take any money in his favor that is his own business & he is cheating people by putting face of Max Life Insurance Co. Ltd. So be Aware. Always demand from Agent to produce Agent Adviser Certificate Issued by IRDA, in the name of that Agent with complete Address, Mobile No. & email Address of the Agent.
Source: I am Agent Adviser for Max Life Insurance Co. Ltd. & know the every fact of secured & unsecured company.
Answered by dayashanker, 26 Sep '12 07:54 am

 
  
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3.

Their case is pending in supreme court, original name of the company was PGL & it's head office was in Paschim Vihar, New Delhi. Due to certain frauds they started the company by the name of PACL India Ltd. It,s head office is in Gopal Dass building, Barakahamba road, cp, New delhi. The company is cash rich, their top official spends crores & crores in travelling business class. They have opened many sister concern like a Medical college in Punjab, where their Director was recently held in giving heavy bribe to Chairman Medical council of India, Pearls tourism Ltd (Travel Agency), PIPL (an infrastructure company), Pearls Oceanique Resort in Goa, Pearls Samaira Luxary Appartments, one Hotel in Himachal, Pearls Spices, Pearls Newsprint, P7 (a TV Channel), A restaurant in Noida, Pearls wine. In this way they are opening lot of companies and diverting funds from PACL India ltd. They are doubtful whether they will win or loose supreme court case, so they are continuously opening new compani ...more
Source: Personal
Answered by Praveen Kumar, 05 Jul '11 10:55 am

 
  
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4.

Ow PACL is giving advts in News papers saying that they are genuine..
Beware of this company...They can vanish at any time...Dont loose your hard eraned money by investing with them...
As long as money inflow is there they can pay back the clients on maturity...
if they decide to crash it or incoming payments goes down company is going to sink...
they are telling they are buying land and upon maturity they sell out this land to pay us...
but where they are buying this land?upon maturity who will buy a small piece of waste land
in some remote location (if its actually bought by PACL for investors as they tell)..
there are already fraud cases against this company....
if u r lucky enough u can get back ur money with returns...but why to take a risk with ur hard earned money?
See the below links
http://economictimes.indiatimes.com/markets/real-estate/re alty-trends/rs-20000-crore-deposits-a-land-bank-the-size-of-banga lore-realtor-pacls-illegal-schemes-may-drown-millions-money/a ...more
Source: http://economictimes.indiatimes.com/markets/real-estate/realty-trends/rs-20000-crore-deposits-a-land-bank-the-size-of-bangalore-realtor-pacls-illegal-schemes-may-drown-millions-money/articleshow/9020795.cms
Answered by EBIN HOPE JOSEPH, 02 Jul '11 01:44 pm

 
  
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5.

They dont return your money back Please dont invest in PACL India Ltd they only give land in any village in India. I have received a land agreemant document and the specified land was in Pokron, Rajasthan. we all know pokron was a nuclear tested waste landland. Please aware of these companies. I already lost a sum of 20,0000 INR in this fraud company.
Answered by Mani Raja, 05 Mar '10 05:53 pm

 
  
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6.

What is work of company
Answered by surender kumar, 07 Oct '09 12:10 pm

 
  
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7.

I have heard about this Company having a few litigations in various courts.
http://corporatefraudswatch.blogspot.com/2008/02/branch- office-of-fraud-company-seized.html
http://corporatefraudswatch. blogspot.com/2009/08/writ-against-pacl-admitted-in-ap-high.html
http://skmastanvali.blogspot.com/2009/08/public-interest-litigati on-pil-against.html
http://hc.ap.nic.in/pls/lobis/caseno1?kmtype =WP&kmno=16712&kmyear=2009
http://www.cgnet.in/FT/landscam_raiga rh
Answered by Vijay Shanker, 18 Sep '09 09:28 am

 
  
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8.

Even i had made investment in pearls, but i doubt about it. i am in fear that my money doesnt get waste.
Answered by dhiresh kariya, 13 Apr '09 03:20 pm

 
  
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