Once celebrated as rising stars in the country's renewable energy sector, brothers Anmol Singh Jaggi and Puneet Singh Jaggi are now facing serious allegations of financial misconduct.  

 The duo had launched two prominent ventures -- Gensol Engineering and BluSmart Mobility, quickly gaining recognition for their contributions to clean energy and electric mobility. However, their reputation took a significant hit following SEBI’s investigation. In a dramatic turn of events, regulator Sebi, through its interim order on Tuesday, barred the Jaggi brothers from accessing the securities markets until further notice.

The action comes amid accusations of siphoning off loan funds from their publicly listed company Gensol Engineering for personal use, raising concerns over corporate governance and financial misconduct. Gensol Engineering is engaged in providing solar consulting services, EPC services, and leasing of electric vehicles, among others.It was initially listed on the BSE SME platform on October 15, 2019, and subsequently, it was migrated to the main board of BSE and NSE on July 3, 2023.