The stock market is talking about Gensol Engineering. Not for a good cause, however.
Serious issues have been discovered during a SEBI inquiry. The promoters of the business borrowed money and spent it on luxury. They transferred the money into their own accounts without authorisation.
As a result, Gensol’s stock has been plummeting. They have been trapped in a 5% lower circuit for the last two days. These days, a lot of investors are nervous and concerned.
In the meanwhile, an unexpected detail has surfaced. The Chennai Super Kings skipper Mahendra Singh Dhoni’s family office has made an investment in the business.
Gensol received ₹420 crore in a Series B investment transaction in January 2025. Dhoni’s group contributed to it as well.
Dhoni has already had difficulties with investments. The Amrapali Group, which he had previously invested in, was similarly controversial.
Dhoni’s investments, according to some, are smart and long-term. However, this story demonstrates how even well-known people may be impacted.
For more than a year, SEBI has been looking into Gensol. The promoters have been dismissed from their managerial positions in light of the latest revelations.
Additionally, SEBI has temporarily prohibited them from engaging in stock market operations.
At one point, Gensol’s shares were worth ₹1126. They are now just at ₹122. That represents a value decrease of about 85%.
This demonstrates the huge danger of investing in rapidly expanding, obscure businesses, according to experts. Large risks may accompany large rewards.