Gensol Fraud: A Stark Breakdown Of Corporate Ethics And Governance

Once a rising star in India’s clean-tech space, Gensol Engineering Ltd. is now under fire for serious financial and ethical misconduct. A June 2024 complaint to SEBI sparked investigations by multiple regulators, uncovering price manipulation, fund diversion, and major governance failures. Gensol’s fall is a stark reminder that rapid growth without integrity can lead to collapse. This isn’t just one company’s story, it’s a warning to all. Transparency, accountability, and ethics aren’t optional; they’re essential. In this article, we delve into the deeper root causes behind Gensol’s collapse and what it signals for the future of corporate governance in India.