Kapil Dev’s previous employer pays him pending dues of Rs 2.75 lakhs after 36 long years
Kapil had worked for the company between 1979 and 1982.
Published - Jul 11, 2018 2:33 pm | Updated - Jul 11, 2018 2:33 pm
Kapil Dev is one of the prime reasons why India is the cricket loving nation today. The Indian cricket owes him a lot for his contribution to the game. But is it correct for the athlete of his stature to struggle for his own money for 36 long years? Yes, Kapil has received a whopping amount of Rs 2.75 Lakhs recently from his employer which he should’ve got way back in 1982.
The former Indian captain has served in the Modi Spinning and Weaving company as a liaising officer between 1979 and 1982. He had formally joined them after making his national debut during India’s 1978 tour to Pakistan. Also, his sporting association with the brand had started when he was the student of Chaudhary Charan Singh University.
Which amount is this?
According to the reports in Inside sport, Kapil Dev has received his Provident Fund amount of Rs 2.75 Lakhs 36 years after he left his employer. The company has paid him all the dues with interest and reportedly the amount has been transferred to cricketer’s account.
According to the company manager Rajendra Sharma, Kapil had joined the group on the request of the company director and cricket administrator YK Modi, a nephew of the Modi Group founder. Though the amount does not mean much to the now successful entrepreneur, the inflationary value Rs 100 in 1982 would be equivalent to Rs 1482 today.
Similarly, if the Provident Fund Rs 1 Lakh would be valued during the same year, its equivalent value sums up to a huge Rs 14 Lakh in the modern era. However, given that the amount has been received by the legendary cricketer now, there must not be any issue between him and the company. But it is a mistake on behalf of Modi Group and its members that they made him wait for 36 years to pay the sum which they should’ve done in the 20th century itself.