Have you seen the 2018 Ajay Devgn starrer Bollywood movie “Raid”? If you have, then you’d be shocked to know that the events shown in that movie have recently been replicated in real life. This unbelievably real incident took place on 27th December 2021. The culprit in question here was Piyush Jain, who is a meagre businessman in Uttar Pradesh. But how did this seemingly middle class businessman come to be the subject of an income tax raid?

Read on further to know all about the underdog Piyush Jain and his income tax fiasco that will leave you surprised.

Who is Piyush Jain?

Piyush Jain is a businessman who resides in the Anandpuri region of Kanpur district in Uttar Pradesh. However, surprisingly enough he owns several factories, cold storage units, petrol pumps, and several other lucrative establishments. Piyush Jain has 15 years experience in founding and operating businesses in Mumbai and Gujarat. Apart from houses in these two locations he also has a head office and showrooms from where he sells his proprietary perfumes throughout the country as well as abroad.

Educational & Career

Since this Kanpur businessman maintains an extremely low profile, not much is known about his education. However, he is a businessman by profession and a remarkably proficient one at that. He reportedly inherited several perfume recipes from his father who was a licensed chemist in Uttar Pradesh. He now leverages this knowledge and sells the recipes for his range of essences to pan masala (gutka) companies across India and even abroad. If you wish to know more details about the personal life, early education, and other details of Piyush Jain, then stay tuned to this page as we keep updating it.

Piyush Jain – Bio

Age: Not disclosed.

Marital Status: Married.

Parents: Father was reportedly a chemist and mother a homemaker.

Education: Not disclosed.

Profession: Businessman.

Birthplace: Uttar Pradesh (exact city not disclosed).

Birthday: Not disclosed.

The Cash being unearthed from Piyush Jain’s house is still being counted!

Piyush Jain in the News

Recently, this underrated businessman came into the limelight because of the massive raid that took place at his Kanpur residence. This raid has been documented as the longest ongoing raid in India’s history. This is because the amount that has been recovered from his Kanpur residence till date has crossed INR 1.37 Lakh Crore! Interestingly, the Income Tax Department has now found some connection between Piyush Jain and the Samajwadi Party member Pushparaj Jain. As a result, the latter witnessed a raid at his house as well on 31st December, 2021.

Interesting Facts

  • Apart from several national level business holdings, he also founded several companies abroad including two in the Middle East.
  • Piyush Jani is formally trained and skilled in making perfumes which is a recipe that he has licensed to Shikhar Pan Masala and several other pan masala companies.
  • Besides Pushparaj Jain, the founder and CEO of Shikhar Pan Masala, Pradeep Agarwal has also been tied into the scandal with Piyush Jain. 

If you want to know the full story of how the Income Tax Department caught this low-profile multi-billionaire, then it is readily available on YouTube. However, if you want to continue reading more about such unique people then you can also check out the famous Placard Guy of India. 

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