Jaipur, 11 Dec 2025: The Income Tax Department on Thursday carried out extensive raids at multiple locations linked to the Vardhman Group in Jaipur, seizing crores of rupees in unaccounted cash from the company’s main office and continuing a wide-ranging investigation into alleged tax evasion and irregular financial practices.
Acting on complaints and intelligence inputs regarding significant cash transactions outside formal accounts, tax officials launched coordinated search and seizure operations at more than half a dozen addresses associated with the group, which is active in real estate and education sectors
The primary focus of the operation was the Vardhman Group’s main office located within the premises of their educational institution in the Mansarovar area. During the search, investigators uncovered substantial bundles of currency hidden in cupboards and concealed spots, prompting the department to bring currency counting machines to tally the haul. Authorities said the volume of cash was so large that manual counting would have been highly time-consuming.
Officials are also examining documents, bank records, property transactions and digital devices seized during the raids. Sources indicate that the probes include scrutiny of alleged tax-avoidance practices related to property deals and school-related income that may have been diverted to unaccounted channels.
The Income Tax team initially conducted survey operations at some of the locations before escalating to full search mode once preliminary irregularities were detected. Searches are ongoing, and authorities have not yet disclosed the total amount of cash seized or detailed findings, saying that an official statement will be issued once verification and counting processes are complete.
The action reflects a broader drive by central revenue authorities to tackle tax evasion and unreported income, particularly in sectors prone to large cash transactions such as real estate and unregulated educational trusts. Analysts say the case could have wider repercussions if links to systemic tax irregularities are established.
Authorities have assured that the investigation will be thorough, and all legal steps will be taken based on evidence gathered during the raids. They have also urged companies and business groups to maintain transparent accounts and comply with tax laws to avoid punitive action.