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Sellxpert Incorporated in 2018. Sellxpert is real estate CRM software based in Indore Madhya Pradesh Indore. The Company was Established by Mr. Sachin Jain.
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HYDERABAD: In an interim order that may result in more litigation over cases overseen by the Enforcement Directorate (ED), a division bench of the Telangana high court has stayed the proceedings against Bangalore-based Indus Viva Health Sciences company currently being heard by the adjudicating authority under the Prevention of Money Laundering Act (PMLA).
The petitioner has challenged the ability of the adjudicating authority to come to a valid decision as it was working without the full quorum.
The ED had attached the assets of the company in cases related to multi-level marketing and is waiting for the attachment to be confirmed by the adjudicating authority.
A bench of Chief Justice Ujjal Bhuyan and Justice C V Bhaskar Reddy heard the plea filed by CEO Abhilash Thomas and found prima facie force in the argument of his
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"An adjudicating authority confirms or rejects attachments made by ED. His actions will have penal consequences for parties involved. Hence, the adjudicating authority must comprise at least two members. One should be a member (judicial) and the other should be a member technical. In the current case, the chairman of the adjudicating authority (non-judicial member) is hearing the case and there is no judicial member. In fact, a non-judicial member cannot become chairman," Jain said.
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- After the long struggle, finally, on 26th July 2021, the Hon’ble High Court of Telangana passed an interim order on the writ petition that was filed by IndusViva Healthsciences Pvt. Ltd., directing to de-freeze all the bank accounts and not interfere with the organization’s day-to-day operations. Moreover, the court had set aside an impugned Preventive Detention order on the key people of the company on 27th September 2021.
Who are IndusViva, and what do they do?
IndusViva is a Direct Selling company that started its journey in 2014 with only 1 product. In 2021, they are the proud owner of 5 world-class ayurvedic health promoter products manufactured under the licence of the Department of Ayush. They are the first Direct Selling company in India to start their operations in the ‘Motherland of Direct Selling’, United States of America and also expanded in multiple continents with their exclusive product, iVed. Although they haven’t started operating in many countries, the customer base is prevalent all over the globe. IndusViva has set the best example in the industry by marching up from nowhere to be one of India's top ten Direct Selling companies. Other companies in that list are more than fifteen years old, but this organization did it in only six years.
IndusViva is a company that rose to its feet when the whole world, including the Direct Selling industry, was entirely under lockdown due to the deadly pandemic. After the 1st phase, they completely digitalized their business strategy from physical to virtual; empowered the distributors by training them with several digital tools through virtual meetings. Even though they have faced extensive damage, they still managed to have nearly the same turnover as the previous year. They had a total turnover of approximately INR 1450 crores in 7 years, out of which nearly half was paid to the direct sellers as commission for selling the products and almost 200 crores to the Central and State Govt. as various taxes like GST, Income Tax, TDS etc. They sell their products through a direct selling/multi-level marketing model, a legitimate economic activity per Consumer Protection Act 2019, and Govt. of India-issued Direct Selling Guidelines, 2016. The Government is on the verge of issuing Consumer Protection (Direct Selling) Rules, 2021. Though the Govt. of India and NITI Aayog publicly stated multiple times that the Direct Selling industry is a scope for the coming days and this industry can accommodate the opportunity-seeking youth of the country, but the steps initiated by them till now are not enough to protect the interest of the young job aspirants and the companies who are ready to provide the opportunities. Due to the lack of such clarity and proper education on the part of the law enforcement agencies, the future of the young aspirants and the companies are in darkness. Therefore, the Government has to come up with more clarity to protect their interest and the interest of the consumers.
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- IndusViva advocates Growth and Entrepreneurship - indusviva
- IndusViva advocates Growth and Entrepreneurship
Six months ago, IndusViva was found alleged in the middle of the big storm. Well, unlike many other companies, IndusViva fought it out against the false allegations and proved their worth as the Hon’ble High Court of Telangana State passed the much-awaited order on 26th July 2021 to continue the business operations. The honourable court has set aside impugned PD order on the key people of the company.
It is said that when you are true to yourself, truth prevails; and that is true in the case of IndusViva. IndusViva is a 100% legal entity that stood by their philosophies. Inviting any agencies to test them and their products and operations against the test of time and quality was a crucial step that broadcasted their loyalty in ethical business conduct. After scrutiny and investigations here is IndusViva with its wings spread again for another flight to victory.
IndusViva Healthsciences Private Limited, established in 2014, is a direct selling company that has brought waves of changes in the health and wellness zone of holistic rejuvenation. It began the revolution with its superlative product iPulse, powered by Acai Berries. Clinically researched and identified for cardiac wellness and other crucial benefits, the product turned the table for this young and vibrant company, which has its products, now five, certified with AYUSH premium mark and GMP for good manufacturing practices.
IndusViva has been keenly following the Direct Selling Guidelines 2016 issued by the Government of India and is an enlisted company by the Dept. of Consumer Affairs. The company has great credibility in terms of its operations and has been widely identified for its professional way of handling audits in the industry. Even after abiding by each and every rule and regulation, and also being the first direct selling company to become legal in the country by procuring KVAT under the MLM category from the Government of Kerala, IndusViva had to stay in the storm and they patiently waited for the day they declared ‘Just’ and worthy. IndusViva was identified for being an economic change driver during the pandemic.
IndusViva has over eight lakhs direct sellers associated with it earning their daily bread through sales of its premium certified products. It also has 120 employees in different departments in its offices across India. IndusViva has helped the country not only fight unemployment but also on the wellness scale as it shares the data of lakhs of satisfied customers who have made repurchases after presenting significant health uplift. IndusViva found its way to the United States of America with IndusViva Inc. and became the first direct selling company in India to expand at such a glorious pace; all in just 7 years.
Strategies that IndusViva followed during the period of the Covid-19 crisis stand the best. During the most uncertain of time, they stood with the people, didn’t make a single layoff or slab in income. They not only continued with the usual training; but took it to an extra mile with a grand entry to the digital world. Their direct sellers- women, old, uneducated, underprivileged, all benefited as they all got professionally trained to operate and conduct such training; and also received laptops against criteria fulfilled. Training that went online always were “house full” and they even introduced “phygital” tech to get the best sense of thriving as a team amidst the crisis.
It made a turnover of INR 1450 crores aggregate between FY 2014-21 and paid approx INR 200 crores as tax to various central and state governments. It is always regarded as the ‘people’s company’ and the way IndusViva has outdone every second of the crisis is a matter of courage, confidence and transparency with every slightest matter of business conduct.
IndusViva won the battle with its truth and legal operations. At no point in time has it differed from its objective clauses. IndusViva is the archangel for anyone who wishes to earn their living. It invites anyone with a will and keeps no discrimination. All its activities are monitored by the state nodal authorities appointed by the state governments. And they are here to stay.
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