Top failed companies or business from 2000-2013 in India
It was an intresting thread about successful startups and companies. Thought of asking others opinions on failed companies and business from 2000 to 2013.
As per me the top company that sunk the money of many investor is Reliance Power Ltd, and RNRL both comapnies are headed by Anil Ambani Group.
The ads by Reliance Power were all over TV, Print Media to attract customers but the outcome of IPO was disastor for investors.
The one of the ad for your reference:
The video is from youtube and some of comments on youtube are intresting and truth Revealing. Some of comments for your reference:
-In the name of Power one man made a sucker of the entire Indian population. A case study for future generations. Collected record amount of money from the public & the stock has become worthless. Marketing professionals & a greedy promoter made a sucker of the entire investor community.
What you think are other Comapnies that tumbled in period 2000 to 2013?
RPower was a true money spoiler. Abil Ambani group came up with many companies which had no business to sustain.
RPower and RNRL are example of that.
And even now they have 2 companies competing in same line of business. The business is entertainment and companies are Reliance MediaWorks Ltd and Reliance Broadcast Network Ltd.