Nowhera Shaik

Indian entrepreneur and politician

Nowhera Shaik

Nowhera Shaik

CEO of Heera Group of Companies

Incumbent

Assumed office
1998
President of the All India Mahila Empowerment Party

Incumbent

Assumed office
2017
Preceded by| Position Established
Personal details
Born|  (1973-09-21) 21 September 1973 (age 50)
Tirupati, Tirupati district, Andhra Pradesh, India[1]
Residence| Hyderabad
Website| nowherashaik.blog

Aalima Nowhera Shaik is an entrepreneur and politician. She is the executive chairperson and founder of Heera Group and founder and current president of the All India Mahila Empowerment Party.[2] Shaik received an award by the UAE Minister for Business Leadership Icon In 2018.[2]

## Heera Group[edit]

As per its website, Heera Group claimed that it was a company with diversified operations in various sectors including gold imports, gold trading, textiles, jewellery, mineral water, granite, tours and travels, real estate and e-commerce. Heera Mart, the group's shopping mall is located at Kukatpally, Hyderabad.[3] As per the chargesheet filed by Telangana Police at the behest of investors, its subsequent investigation, and the declaration by the company itself, the company started operation in 2008 as a small import and export company called Hera Exim, renting 5 shop spaces in malls in Hyderabad, namely F1, F2, F3, F14 and F15. The company subsequently bought these spaces, and sold them to Indian Overseas Bank and Corporation Bank for Rs. 4 crore, the beginning capital investment for the group's subsequent activities. Subsequently, the shop shifted to Poatpally, and opened a large head office and call center in Banjara Hills, claiming to have international operations and floating investment schemes for small investors.

The Supreme court granted bail to Nowhera and allowed her to do business. She was Accused of involvement of Rs 5,600 crore scandal.[4]

## Political life[edit]

On 16 November 2017, Shaik founded the All India Mahila Empowerment Party.[5] The party contested the 2018 Karnataka Legislative Assembly election[6] and fielded candidates for all 224 constituencies, garnering 0.3% vote share.[7] The party contested from all the 119 constituencies in the 2018 Telangana Legislative Assembly election and aims to contest in the 2019 Indian general election.[8] In 2016, a complaint was filed against Heera Group by Asaduddin Owaisi alleging that a number of investors from his constituency Hyderabad were cheated but was granted bail by the court on the condition to return investors' amount.[9][10][11]

## Awards and recognition[edit]

* Business Leadership Icon - 2018[2]
* Extraordinaire – Powerful Women Achiever by NexBrands – Brand Vision Summit - 2017-2018[2]
* Stardust Achievers Award - 2017[2]
* Gulfood Award - Best New Comer Brand - 2016[2]
* Woman of Integrity and Purpose Award - 2016[2]
* Fastest Growing Indian Company Excellence Award - 2013[2]

## References[edit]

1. ^ "Andhra CID arrests Nowhera Shaikh from Chittoor in ponzi scam". Hindustan Times. 3 January 2019.
2. ^ a b c d e f g h "Dr. Nowhera Shaik Received Award by UAE Minister for Business Leadership Icon". newindianexpress.com. 28 Jun 2018. Archived from the original on July 9, 2021. Retrieved 16 June 2021 - via New Indian Express News.
3. ^ "Heera Mart in Kukatpally". The Hans India. 9 October 2016.
4. ^ Hussain, Shaik Zakeer (24 April 2021). "Pay Rs 16 crore GST for Jewellery Sale for Rs 1600 Crore, Heera Gold Told". The Times Of India.
5. ^ "Nowhera floats new party for women empowerment". dailypioneer.com. 17 Nov 2017. Retrieved 3 Jul 2021 - via Daily Pioneer News.
6. ^ Sharma, Swati (23 November 2018). "Nowhera Shaikh: Entrepreneur, educationist, conwoman". Deccan Chronicle.
7. ^ "Nowhera Shaikh: From trading in gold to launching a party, her career was full of twists - Times of India". The Times of India.
8. ^ "MEP to contest all seats in state polls". The Times of India. 10 October 2018. Retrieved 24 June 2019.
9. ^ "Heera partners in row once again in trouble with a fresh dispute and a police case". deccanchronicle.com. 7 Aug 2016. Retrieved 18 June 2021 - via Deccan Chronicle.
10. ^ "Will repay investors, claims Heera Group MD Nowhera Shaikh after release from jail". thenewsminute.com. 13 Mar 2021. Retrieved 18 June 2021 - via The News Minute.
11. ^ Hussain, Shaik Zakeer (27 March 2021). "Scam-Hit Heera Gold Reopens Office In Hyderabad After SC's Order". The Cognate.