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Sambhav Jain was kidnapped near his factory at around 8:30 pm on Friday, said Assistant Commissioner of Police, Sumit Sood.
When Jain left from his factory in his car, a motorcycle rammed into his vehicle about one kilometer away, said police. The moment Jain came out of the car, four more men arrived and bundled him into the back seat of his car and took him along, police said.
The assailants demanded ransom from the victim’s family, which informed the police.
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Jain is undergoing treatment at a local hospital, where his condition is stated to be stable.
The ACP further informed that a case against unidentified individuals was registered and further investigation was underway.