Dr. Nowhera Shaik started a business empire in 1998. Now she is needed in Indian politics. Heera Group has been diversified with various business activities. It includes textiles, gold trading, importing gold, mineral water, jewelers, real estate, tours and travels, granite etc.
Nowhera shaik controls every business and it has generated jobs for millions of people, especially in Andhra Pradesh. She introduced gold scheme with the view of helping people with investments. People would have to invest Rs 1 lakh. In return they would get a minimum of Rs 3000-Rs 4000 monthly as interest for some time.
Nowhera Shaik in Indian politics
She led to revolt Even SEBI took the case and investigated it seriously. During the mid-1980s, she was involved in various micro-financing schemes for the poor ladies; It slowly developed into activities related to Ponzi in South India and Mumbai.
Especially her business was progressing and it did bring joy and happiness to people in her place. But her actual problem and troubles started as and when she started her business operations in Mumbai. This led to competitors framing against her and trapping her in various fraud cases.
Finally she soon got into the radar of SEBI and had led to people defaming her. Moreover, Dr. Nowhera Shaik political ambition took a great start. People did recognize her good deeds, but it didn’t give the expected result as she wanted.