The Income Tax Department has raided Parle Group in Mumbai. Parle Group is a company that makes biscuits under Parle-G, Monaco and other brand names. Raids on several locations of the company in Mumbai have been going on since morning. This search is being done by the Income Tax Department’s Foreign Property Unit and Mumbai -based Income Tax Case Branch. However, the reason for the income tax raid has not yet been revealed. The Income Tax Department is currently busy investigating the documents of the company.
Parle-G’s profit increased considerably in FY 2024
According to PTI, in the financial year 2023-24, when it comes to the profit of Parle-G Biscuits, its profit has doubled to Rs 1,250 crore. 1,606.95 crore was Rs 1,606.95 crore in FY 23. 743.66 crores In the last financial year, the operational income of Parle Biscuits increased by 2 percent to Rs 1,000 crore. 14,349.4 crores Talking about income, it has increased by 5.31 percent to Rs 15,085.76 crore. These figures show that the demand for Parle Biscuits is still strong.
When did the company start?
Talking about the establishment of Parle, it started before the country got independence i.e. in 1929. The children of the 90s would remember the time when the combination of Parle-G with tea was the most popular. According to the reports, it is being said that the company has named Parle named after the Vile-Parle area of Mumbai.
