Advertisment

Ex-President acdwa exits IT biz

author-image
DQW Bureau
New Update





Advertisment

Incidents of partners taking money on credit and then absconding seems to

have become the order of the day. The latest victim is Konarka Computers, an

Allahabad-based company. Siddharth Sharma, Proprietor, Konarka Computers and

ex-President of Allahabad Computer Dealers Welfare Association (ACDWA) informed

The DQ Week that Rs 57 lakh of his was stuck in the market.

“It has never happened earlier that the money I gave on credit was not

returned. At times it took a while but sooner or later I was always able to

recover it. But about nine months back, I had to shut down my business, because

I did not apply the credit control practice. I gave money on credit to people in

the market without asking for any security or taking any safety measures,”

Sharma shared. He also did not sound very hopeful of recovering his money from

the market, but shared that he would be back in business as and when the

situation improved.

Sharma informed that due to problems on the personal and professional side he

could not give time to the association activities. He has now got into sand and

transport business.

Advertisment

Another major partner from Allahabad, on condition of anonymity, shared the

names of two other dealers, who according to his estimates, owe Rs 18 lakh to

dealers in the region. The companies are Swetech Enterprises and City Compaq

Systems. He alleged that these two companies were not doing well, and the owners

had taken money from dealers in Allahabad and nearby regions like Noida,

Varanasi and Lucknow, and were now nowhere to be found.

Allahabad

association elects new team
DR Chopra of Syscare was elected as the

new President of the association. Rajan Singh of Akash Infotech has been

appointed as VP, Sandeep Agarwal of Shree Enterprises as Secretary and

Ashish Arora of Solution Infotech as Joint Secretary. On the upcoming

activities of the association, Chopra shared that they have stared giving

medical insurance, worth Rs 2,500, to all its members. The association is

also coming up with a service book for dealers. “We are planning to make it

mandatory for all dealers in the region to keep this book and give it to

their customers after servicing them, in order to get their feedback. The

service book will consist of three free service vouchers.” Chopra also

informed that the association will help those dealers whose money is stuck

in the market since long to recover it.

When The DQ Week contacted Swetanshu, the owner of Swetech Enterprises, about

the speculations in the market reagarding his company, he rubbished them saying,

“I have two shops, which are functioning. Hence, there is no question of being

unapproachable. I am also on good terms with people in the market, and my

business is doing pretty well, with a turnover of Rs 3 lakh to 3.5 lakh. And as

far as rumors about my company being under debt of Rs 18 lakh are concerned,

please tell me the names of the companies who have put these charges against me.

I will in turn file a case against them for defaming me and my company name.”

Advertisment

He added it was common practice for a partner to have a few lakhs stuck in

the market in some or the other form. “As part of rotation business, even my

money of about Rs 12 lakh to 13 lakh is stuck in Lucknow and upcountry regions.

Whom should I blame?” he argued.

Despite repeated attempts City Compaq Systems was not available to comment.

Shedding light on Konarka's case, DR Chopra, CEO, Syscare and the new

President of ACDWA said, “There are a few companies in every region who hold a

reputation of taking money from the market and then delaying the pay-backs for

some or the other reason, and sometimes, not returning it at all. I would not

like to take the names of such companies. Konarka made a mistake by dealing with

wrong and untrustworthy people in business. Besides a few personal problems, I

feel that another reason why Sharma shut down Konarka was that he saw more

profits in other businesses, which is why he now deals in sand and transport

business.”

According to a market source, Konarka also lodged a complaint against Swetech,

but they settled the case on unknown conditions. Sources also revealed that

partners in the region are planning to take firm steps against such parties, by

logging a police complaint and are consulting an advocate for the same.

RACHNA GUPTA

Advertisment