9 Families Rs.16,81,540 Cr Loans > All Farmers & MSMEs

December28, 2017 (C) Ravinder Singh progressindia2015@gmail.com

 

Fortune In500 reported Unbelievable Fact that just 9 Families in India had borrowed Rs.16,81,540 Cr which is much more thanAgriculture [Rs.9,81,000 Cr] and MSMEs [Rs.4,52,500 Cr]together.

These 9 Families report Rs.19,88,147 Cr Revenue – compared to Rs.75,02,274 Cr or 26.4% for all Fortune In500 Companies.Rest of Fortune In500 contribute 73.6% of Rev.

9 Families – India Wages 1% of GDP & Net Value Add 8% GDP  

9 Families Adv 57% Credit – Contribute22% Rev in India [26.4%] and 21.24% of Fortune In500 Profits without Labor Arbitrage. [TCS, TM & TS + Have Foreign Revenue]

RBI latest credit data show that all Large Industry was advancedRs.21,46,600 Cr and entire Services credit was Rs.17,33,600 Crthis together add up to Rs.38,82,000 @ 75% of it advanced to Fortune In500 – Rs.29,11,500 Cr – but Borrowings of 9 Familiesare Rs.16,81,540 Cr – around 57% of the Bank Credit for Large Industry & Services Advanced to 9 Families only.

Net Profit contributed by 9 Families is Rs.1,26,291 Cr but even this includes TCS, Tech-Mahindra and L&T Infotech plus few more smaller IT Companies which contributes say Rs.30,000 Cr – [TCS Rs.26,289 Cr and Tech-Mahindra Rs.2,812 Cr] which are Labor Arbitrage – Rs.96,291 Cr or 21.24% of Fortune In500.

But most AMAZING – 9 Families had INVESTED Rs.6,68,421 Cr in other Companies or Business – $104b Families Venture Fund.  

ü At Least Rs.10,00,000 Cr EXCESS BORROWINGS by 9 Families.

 

ü 8 Are Registered in Mumbai & One in Ahmedabad of 9 Families.

 

ü SEBI make direct 9 Families to Shed Equity through Public Auction – Max Equity Limit 10% for Capital Intensive Projects Steel, Power, Cement, 20% for Engineering Industries, 40% for High-Tech Industries.Generate Rs.20,00,000 Cr Resource.

 

ü CAG Investigation into Biggest Scams – Regular Monitoring.

 

Ravinder Singh, Inventor & Consultant, INNOVATIVE TECHNOLOGIES AND PROJECTS

Y-77, Hauz Khas, ND -110016, India. Ph: 091- 8826415770, 9871056471, 9650421857

Ravinder Singh* is a WIPO awarded inventor specializing in Power, Transportation,

Smart Cities, Water, Energy Saving, Agriculture, Manufacturing, Technologies and Projects

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