Initially, they took up a flat in West Patel Nagar and started running advertisements in newspapers about investment tips in stocks.



Subsequently, they started many firmslike Stock Guru India, SGI Research & Analysis, SGI Buildtech, SGI Beverages, SGI Securities,G3 Commodities and Coppertrenz from Moti Nagar and collected enormous funds on the pretext of providing huge returns.

In July 2011, they escaped to Goa and then to Ratnagiri. Ulhas started a share trade business in the name of JVG Securities with offices in Ratnagiri and Mumbai, while Raksha launched a media business.