The local press in Kerala has been reporting daily on Prime Minister Viktor Orbán’s private trip to South India, while Kerala-born ‘miracle doctor’ Kadinjilikkattu Purushothaman Nair Krishna Kumar has also appeared in the Prime Minister’s entourage. As reported by HVG, Krishna Kumar’s Hungarian company, Brahmayurveda Center Ltd. also features one of Hungary’s wealthiest businessmen, György Gattyán, as a minority shareholder.
So far, the venture has not brought the owners much cause for joy. Since its establishment in 2020, Brahmayurveda Center Ltd. has generated a total revenue of 726 million forints, but it has not yielded a single forint of profit in four years. Annual losses have ranged between 33 million and 104 million forints, and
Under these circumstances, the company’s equity turned negative in the very year of its founding, 2020, recording a negative balance of 101 million forints, which deepened to minus 246 million forints by the end of 2023. Meanwhile, the company’s liabilities approached half a billion forints.
Although the law mandates that if a business fails to maintain equity equal to the statutory registered capital for two consecutive financial years (for limited liability companies, this means at least half the registered capital), the management must rectify the equity position within three months from the approval of the second financial year’s accounts, Krishna Kumar’s company failed to comply with this deadline. In theory, this could have led to compulsory dissolution, but the company court did not impose such drastic measures, just as it has not done so in the case of sports companies acquiring world-class players.
