Paradise Papers: Nand Lal Khemka, a Russia-loving Delhi businessman

The SUN group, headed by Khemka, has diverse business interests

Nand Lal Khemka, the founder of the SUN group, has found his and his company’s name in ‘Paradise Papers’, a series of reports published by the International Consortium of Investigative Journalists (ICIJ). According to these reports, Khemka and his companies have over 100 associated entities in offshore tax havens. His company is reported to be the second-biggest client of Appleby, the white-shoe offshore law firm whose records have been accessed by German newspaper Süddeutsche Zeitung.

In a mailed response to specific questions, SUN Group spokesperson James Edwin told Business Standard, “As a global group owned by shareholders who have been NRIs