Just for Information and full clarification,out the mentioned companies I do know 4 of them personally from over last 15 years.. They were literally my babies bcz when I was working in a bank I had done their credit assessment and gave them the advances..
I know most of their customer base and their chain of products and sourcing of raw materials..
Based on that information, I can assure you they do not supply to any conflict zone directly at all.. If they do their funding would get crystallize owing to the fact that their product export or even supply to any Indian company who in turn exports abroad is under strict supervision..
Most people try to badmouth these companies simply bcz in last decade they have effectively became the sole biggest supplier to Indian Missile needs and any emerging new platform has these companies as one of the prime supplier.. Their research and thorough professional approach has helped improve so many new types of fuel tech that in coming times, with matching metallurgy advancements we will see almost Sub 12m missiles with weight of approx 12-15 tonnes able to reach almost 5000km with warhead size of 1000kg.. Thats their true nature of contribution in Indian Missile regime..
Whatever has been found on conflict zone, I can personally assure (inspite of they not being my portfolio client directly now as I am no more in a bank ) that these products have ended up being resupplied via a customer or via a customer of their customer.. Implying not directly under control or intent of these companies..
Of course, I am thankful to
@Horus and I will surely inform the company to investigate how such a thing occurred. Not only such customers should be blacklisted from their books but also efforts should be made to penalise them by reporting the same to the government of India..
I am sure their bankers would soon receive a detail note describing how their products ended up in a Conflict zone and what steps they have taken to avoid such a situation again in future...
I am sure a report to MOD will also go as this is necessary protocol for them..
Bear it in mind, GOI will never support any Indian Company to supply in conflict zone any arms, ammunition and explosives.. Any such supply by an Indian company will get them banned from Indian defense contracts..
And most importantly such meagre number of products don't give them profitability versus the prestige and benefits they enjoy for GOI contracts and contribution to DRDO projects.. So it's beyond doubt in my mind that these Companies are not directly responsible..
I again reiterate any supplier to ISIS who had misled and fooled these companies must be booked and blacklisted with legal recourse under our laws.. We cannot allow such things like proliferation of explosives to such conflict zones..
Apologies for a long post
