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Additional Sessions Judge Ravindra Kumar Pandey also convicted Ravi Kapoor, Amit Shukla, Baljeet and Ajay Kumar under provisions of the Maharashtra Control of Organised Crime Act (MCOCA).
Fifth accused Ajay Sethi was convicted under Indian Penal Code section 411 (dishonestly receiving stolen property) and under MCOCA provisions for conspiring to abet, aid or knowingly facilitate organised crime and for receiving the proceeds of organised crime.
The judge said the prosecution proved beyond reasonable doubt the charges against the accused.
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Five people were arrested for the murder and they have been in custody since March 2009.