A whooping 12,000 crore company sold for just rupees 74
From billion-dollar empire to ₹74 sale: The rise and fall of a business titan
In one of the most dramatic business downfalls in recent history, a company once valued at over ₹12,000 crore has reportedly been sold for just ₹74. The founder, once celebrated as one of the most influential Indian-origin businessmen in the Gulf, saw his empire crumble in a matter of years.
At the peak of his career, he commanded a vast business network spanning healthcare and financial services, with operations in the UAE, India, Europe, and Africa. His enterprises employed tens of thousands of people, and he was regularly seen alongside world leaders, royalty, and top government officials. He had even been honoured with the prestigious Padma Shri for his contributions.
Banks trusted him. Governments backed him. Investors followed his every move. Private jets, luxury cars, and high-profile connections were part of his daily life. But when liquidity dried up, the empire collapsed almost overnight.
The fallout was severe:
Loss of control over his flagship company
Sale of businesses and assets for negligible amounts, in some cases as low as ₹74
Decades of hard-earned reputation gone in an instant
Financial analysts point to a combination of high leverage, opaque governance, and overextended growth as the main triggers behind the collapse. “Debt can amplify success, but it can also magnify failure,” noted one expert.
Business observers say the story offers a stark lesson: cash flow is reality, valuation is perception, and no empire is too big to fall. Transparency, careful risk management, and financial prudence remain crucial, even for businesses operating at the highest levels.
This cautionary tale serves as a reminder for entrepreneurs, investors, and corporate leaders alike: growth without governance can be catastrophic, and reputation, once lost, is almost impossible to reclaim.
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