You are here: Home » Beyond Business » Books
Business Standard

India's corporate collapses

Book review of The Meltdown: India Inc's Biggest Implosions

India Inc | Indian corporates | corporate fraud

Prosenjit Datta 

Book cover
Book cover of The Meltdown: India Inc’s Biggest Implosions

This is a very well-timed volume. In the past decade we have seen some spectacular collapses largely because companies borrowed too much and could not repay. This book looks at some of these cases and how these companies ended up in a debt trap. The cast of characters were once some of the biggest names in Indian business before they defaulted and were embroiled in other controversies. A few of them — Vijay Mallya, Nirav Modi, or even Ravi Parthasarathy for instance — fled the country. Some have been arrested — such as the Bhushans. Others are trying hard to put together their once lofty empires — the Dhoots of Videocons and Ruias of Essar are still fighting a battle to salvage whatever they can. Many are under investigation by the Central Bureau Of Investigation, the Enforcement Directorate and Serious Fraud Investigation Office.



What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.


Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, November 04 2020. 00:25 IST