Mumbai, March 7 -- The Income Tax (IT) Department conducted a raid on Parle Products Pvt Ltd, the manufacturer of Parle-G biscuits, at its Vile Parle facility in Mumbai on Friday.
According to the details, the company's offices & factories in Gujarat's Kutchh are also being raided by the sleuths; however, the exact reason for the search has not yet been disclosed.
Currently, the central agency's economic wing is scrutinising the company's financial documents, and the search is being led by the Foreign Assets Unit and the Investigation Wing of the Income Tax Department.
Parle Products, established in 1929, is believed to have derived its name from the Vile Parle locality in Mumbai.
In 1938, the company introduced biscuits under the bran...