Income Tax Raids Shradha AI in Nagpur Entity Linked to Raisoni Group

Nagpur, October 2025 — In an intensified crackdown ahead of Diwali, the Income Tax Department launched raids on Shraddha AI, a company under the Raisoni Group umbrella, in Nagpur. Early in the morning, a team of 20–25 officials—reportedly from Mumbai’s Income Tax Directorate—arrived at Shraddha House, located near Kasturchand Park, and conducted thorough searches. The action continued through the day, extending to offices, industrial units, and residences of directors associated with the group.

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Nagpur: Allegations & Motive

Officials inspected financial records, digital data, and related documentation suspected of revealing irregularities in the company’s transactions. Some documents and electronic devices are reported to have been sealed by tax officers. The raids were triggered by preliminary evidence and intelligence regarding tax evasion and financial irregularities in the company’s declared transactions. Authorities have flagged anomalies in the annual financial statements submitted by Shraddha AI, prompting the deeper scrutiny.

In prior searches, Mumbai teams have also been involved in similar actions.It is speculated that connections with the Confidence Group—apparently emerging from certain documents—have added weight to the investigation.

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Group & Business Profile

Shraddha AI is part of the Raisoni educational and business conglomerate. The Raisoni Group operates across sectors such as education, construction, and industry in Maharashtra. Recently, Shraddha AI had also launched an IPO, which received robust response in the market. So far, authorities have not publicly shared official figures or confirmed amounts allegedly evaded. The seized data and documents are under forensic and financial analysis, with investigations expected to continue for several days.

A spokesperson for Raisoni Group acknowledged that the raids are ongoing but described them as “routine scrutiny” carried out by income tax authorities. Authorities are likely to trace the flow of funds, verify compliance with tax laws (including the Income Tax Act and reporting rules), and assess whether any concealed or benami (proxy) transactions were used to mask true ownership or evade liability.

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