Megha Engineering: Started business with just Rs 5 lakh, now 2nd-largest buyer of electoral bonds

MEIL bought a total of Rs 966 crore worth of bonds between financial years 2019-20 and 2023-24. The unlisted private firm was founded in 1989 by industrialist Pamireddy Pitchi Reddy as Megha Engineering Enterprises, manufacturing pipes for municipalities.
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