The incident occurred Tuesday night in Buddhadev Nagar locality in Dahanu, around 135 kms from here, when Bhavesh Desai (54) was walking to his residence with a bag containing Rs 3 lakh in cash, he said.
Desai was rushed to hospital by loal people, the official said, adding that he is out of danger.
A case was registered against unidentified persons under various sections of the Indian Penal Code (IPC) and Arms Act.
Police are yet to make any arrest.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)