Police said 62-year-old Jaipur-based businessman Vallabh Maheshwari tragically died after his BMW car overturned following a collision on a highway in Rajasthan’s Alwar on Sunday evening. Maheshwari, managing director of Shakun Group, was traveling from Jaipur to Mathura when the accident occurred in Raini police station area.
Police said the driver lost control of the luxury car on the highway, causing it to break through roadside barricades, according to a report by news agency PTI. The car then hit the median and hit the culvert wall before overturning. The collision resulted in severe damage to the car.
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Maheshwari and his driver were rushed to a nearby hospital immediately after the accident. The report stated that after receiving initial treatment, the businessman was transferred to another hospital in Alwar due to the severity of his injuries, where doctors later declared his death. But the driver suffered only minor injuries.
Maheshwari was a well-known businessman in Jaipur and headed the Shakun Group as its Managing Director. His death drew condolences from political leaders, including former Rajasthan chief minister Ashok Gehlot and opposition leader Tika Ram Jolly.
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In a post on X, Gehlot described the industrialist’s death in the accident as “extremely sad” and expressed his condolences to the bereaved family. “The news of the death of industrialist Shri Vallabh Maheshwari in an unfortunate road accident on the highway in Raini Police Station area of Alwar is very sad. I pray to God to grant peace to the soul of the departed and strength to his family to bear this loss. Om Shanti,” he wrote.
Who was Vallabh Maheshwari?
Jaipur-based businessman Vallabh Maheshwari has over 32 years of experience in corporate governance and business management. Known for his involvement in multiple sectors, he has built a reputation in business circles in Jaipur for his oversight of diverse projects and corporate operations.
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Maheshwari was associated with about a dozen companies at the time of his death, according to company records cited by India Filings, which the Mint has seen. These include SGM Buildcon Private Limited, Shakun Communication Infrastructure Private Limited, Shakun Advertising Private Limited, Manokamna Real Estate Private Limited and NS Publicity India Private Limited.
He was also associated with several other projects and organizations, including the Rob Chacon Foundation, Chacon Buildhome Private Limited, and Chacon Hotels and Resorts Private Limited, the report said. Additionally, Maheshwari served as a designated partner at Shakun Fort and Palace LLP and Shakun Realty LLP.
