Mukesh & Anil ‘Family to Family’ Deals – Rs.4,50,335 Cr Debt

December29, 2017 (C) Ravinder Singhprogressindia2015@gmail.com

Family to Family Company Private Deals are like a Convict to Be Hanged is allowed to Marry Twice [Anil Ambani] with other Convicts and putting all their Hangings on Hold.

Anil Ambani has in Private Deals sold Reliance Power’s BSES Assets to Loss Making Adani Power who has no Power Distribution Asset and selling RCom Telecom Company to Mukesh Ambani’s RJio another Loss Making Company with huge Debt.

Can SEBI, Finance Minister explain how is a Loss Making Company Under Huge Debt, Taking Over another Loss Making Hugely In-Debt Company Shall Reduce ‘Public Debt’ and Good for India?

In continuation to exposing the Family Companies scams– it horrible Ambani Brothers had borrowed more money Rs.4,50,335 Cr than advanced to all the MSMEs Rs.4,52,500 Cr at much higher interest rates [Most of MSME Debt is due to Interest Burden – Capital May Be 30% to 40%] – while nothing under AMBANI family is put to auction, Millions of MSMEs are shut down and facing debt recovery proceedings.

 

MSMEs contribute 40% of Exports, 50% of Manufacturing Output employ about 100m people and 15% of GDP are not PROMOTED by GoI.

 

MSME Crisis is due to Large Family Companies not CLEARING MSME dues.

10 Yrs Borrowings [Rs. Crore] 10 Conglomerates Fortune In500

Owner Family

2008

2017

Growth

BAJAJ GROUP

6,131

101,350

16.5x

L&T GROUP

20,519

217,835

10.6x

BHARTI GROUP  [Delhi NCR]

12,751

108,213

8.5x

MAHINDRE & MAHINDRA

17,211

100,869

5.9x

ADANI GROUP [Ahmedabad]

9,307

110,122

11.8x

RELIANCE INDUSTRY GROUP

69,062

280,197

4.1x

TATA GROUP

123,080

369,823

3.0x

VEDANTA GROUP

8,126

80,569

9.9x

ADITYA BIRLA GROUP

54,406

142,424

2.6x

RELIANCE ADA GROUP

54,801

170,138

3.1x

10 GROUPS – 9 FAMILIES

3,75,394

16,81,540

4.5x

Public Auction of 9 Family Assets or Equity to Bring in Rs.10,00,000 Cr for Doubling MSMEs & Farmers Credits.

Ravinder Singh, Inventor & Consultant, INNOVATIVE TECHNOLOGIES AND PROJECTS

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

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