Suvankar Sen, Managing director, Senco Gold
Image: Subrata Biswas
If it weren’t for fugitive diamantaire Nirav Modi, the Sen family’s moment of reckoning would have come five years ago. And, most importantly, its patron would have been around to see it.
The family had carefully planned a public listing of their company, Senco Gold & Diamonds, to raise Rs600 crore on the back of their strong reputation as a jeweller of stature in eastern India for many decades. The Sen family, comprising the company’s then-chairman Shaankar Sen and his son Suvankar, wanted to mop up some Rs600 crore from the bourses in their attempt to build a pan-India presence.