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Suicides by businesspeople: Seeking help is necessary, say psychiatrists

A total of 9,052 such cases were seen in 2019, an increase of 13.3 per cent over the previous year

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Stigma attached to failure makes entrepreneurs less likely to seek the help which could get them out of the financial issues they might be facing | Photo: Shutterstock

Sachin P Mampatta Mumbai
A small businessman (details withheld to maintain anonymity), with international operations, lost between $2 million- $3 million during the Covid-19 crisis. He owed large amounts to local banks and private sources. His friend saw signs of depression and suicidal tendencies, and promptly got him help. A mental health professional guided him towards overcoming the shame of asking for financial and other assistance, and the man and his business are now on their way to recovery.
 
Lack of timely intervention and awareness about mental health issues still result in a large number of businesspersons committing suicide. A total of 9,052 such