TFIPOST हिन्दी
TFIPOST Global
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Centre Allows Govt Staff 30 Days Leave to Care for Elderly Parents:

    Central Govt Employees Can Now Take 30 Days Earned Leave for Aged Parents’ Care : Jitendra Singh

    PM Narendra Modia

    Narendra Modi Surpasses Indira Gandhi to Become India’s Second-Longest Serving Prime Minister in an Unbroken Tenure

    Yogi Govt to End 6-Decade Wait, Grant Land to East Pakistan Hindu Refugees

    Yogi Govt to End 6-Decade Wait, Grant Land Titles to East Pakistan Hindu Refugees

    Temple Row Sparks Fresh Violence Between Thailand and Cambodia

    Border Tensions Flare Again Between Thailand and Cambodia: Ancient Shiva Temple Dispute Turns Deadly

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Union Commerce Minister Piyush Goyal and UK Trade Secretary Jonathan Reynolds formally signed the Free Trade Agreement

    India, UK Sign Historic FTA; Modi Sends Stern Message on Terror, Corruption, and Democracy Abuse

    What Can the Hindustan Zinc Share Price Tell Us About Strategic Resource Investing in India

    What Can the Hindustan Zinc Share Price Tell Us About Strategic Resource Investing in India

    How to Choose the Best Bank to Open a Savings Account in 2025

    How to Choose the Best Bank to Open a Savings Account in 2025

    Ahead of PM Modi's visit, Cabinet approves free trade agreement between India and UK

    PM Modi to Sign Landmark Free Trade Deal With UK as Cabinet Gives Green Light

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    IAF Seeks 2–3 Squadrons of Foreign Fifth‑Generation Fighters to Bridge Airpower Gap

    IAF Pushes For 2–3 Squadrons of Foreign Fifth‑Generation Fighters to Bridge Airpower Gap

    BSF Initiates Drone Warfare Upgradation After Operation Sindoor

    BSF Initiates Biggest-Ever Plan To Upgrade Drone Warfare Ecosystem After Operation Sindoor

    BITS Students Build Kamikaze Drones, Power Indian Army

    Kamikaze Drones from Campus Hostel : This is How Two BITS Students Deliver Combat-Ready Drones to Indian Army

    Apache: World’s Most Advanced Attack Helicopter Now in Indian Hands

    Apache Choppers Near Pakistan Border: A Strategic Game Changer for India

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Bail Rejected by Chattogram Sessions Court for Chinmoy Krishna Das

    Chinmoy Krishna Das Denied Bail Again Amid Growing Persecution of Hindus in Bangladesh

    India on Alert Amid Strategic Shifts

    Pakistan and Bangladesh Sign Visa-Free Deal for Officials; India on Alert Amid Strategic Shifts

    Temple Row Sparks Fresh Violence Between Thailand and Cambodia

    Border Tensions Flare Again Between Thailand and Cambodia: Ancient Shiva Temple Dispute Turns Deadly

    Narendra Modi Surpasses Indira Gandhi to Become India’s Second-Longest Serving Prime Minister in an Unbroken Tenure

    India, China Review Border Situation, Gear Up for High-Level Special Representative Talks

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    NCERT Textbook Reveals Mughal Religious Intolerance

    Ruthless Babur, Violent Akbar, Destructive Aurangzeb: NCERT Textbook Reveals Mughal Religious Intolerance

    India Built Gardens Long Before Babur Dreamt of Charbagh

    Before the Mughals: India’s Civilisation Built Gardens Long Before Babur Dreamt of Charbaghs

    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    Echoes of the Cholas in Today’s Bharat

    Conqueror of the Seas: Rajendra Chola and the Rise of Naval Bharat

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    India Becomes First Country to Digitally Preserve Traditional Medicine Using Artificial Intelligence

    India Becomes First Country to Digitally Preserve Traditional Medicine Using Artificial Intelligence

    Highest RTP Casino Games to Get Better Wins

    Highest RTP Casino Games to Get Better Wins

    How to Use Eyebrow Tinting Kits Like a Salon Expert

    How to Use Eyebrow Tinting Kits Like a Salon Expert

    One in Four Indian Married Couples Are Now Overweight

    ICMR Study: One in Four Indian Married Couples Are Now Overweight or Obese—Shared Lifestyle to Blame

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Centre Allows Govt Staff 30 Days Leave to Care for Elderly Parents:

    Central Govt Employees Can Now Take 30 Days Earned Leave for Aged Parents’ Care : Jitendra Singh

    PM Narendra Modia

    Narendra Modi Surpasses Indira Gandhi to Become India’s Second-Longest Serving Prime Minister in an Unbroken Tenure

    Yogi Govt to End 6-Decade Wait, Grant Land to East Pakistan Hindu Refugees

    Yogi Govt to End 6-Decade Wait, Grant Land Titles to East Pakistan Hindu Refugees

    Temple Row Sparks Fresh Violence Between Thailand and Cambodia

    Border Tensions Flare Again Between Thailand and Cambodia: Ancient Shiva Temple Dispute Turns Deadly

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Union Commerce Minister Piyush Goyal and UK Trade Secretary Jonathan Reynolds formally signed the Free Trade Agreement

    India, UK Sign Historic FTA; Modi Sends Stern Message on Terror, Corruption, and Democracy Abuse

    What Can the Hindustan Zinc Share Price Tell Us About Strategic Resource Investing in India

    What Can the Hindustan Zinc Share Price Tell Us About Strategic Resource Investing in India

    How to Choose the Best Bank to Open a Savings Account in 2025

    How to Choose the Best Bank to Open a Savings Account in 2025

    Ahead of PM Modi's visit, Cabinet approves free trade agreement between India and UK

    PM Modi to Sign Landmark Free Trade Deal With UK as Cabinet Gives Green Light

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    IAF Seeks 2–3 Squadrons of Foreign Fifth‑Generation Fighters to Bridge Airpower Gap

    IAF Pushes For 2–3 Squadrons of Foreign Fifth‑Generation Fighters to Bridge Airpower Gap

    BSF Initiates Drone Warfare Upgradation After Operation Sindoor

    BSF Initiates Biggest-Ever Plan To Upgrade Drone Warfare Ecosystem After Operation Sindoor

    BITS Students Build Kamikaze Drones, Power Indian Army

    Kamikaze Drones from Campus Hostel : This is How Two BITS Students Deliver Combat-Ready Drones to Indian Army

    Apache: World’s Most Advanced Attack Helicopter Now in Indian Hands

    Apache Choppers Near Pakistan Border: A Strategic Game Changer for India

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Bail Rejected by Chattogram Sessions Court for Chinmoy Krishna Das

    Chinmoy Krishna Das Denied Bail Again Amid Growing Persecution of Hindus in Bangladesh

    India on Alert Amid Strategic Shifts

    Pakistan and Bangladesh Sign Visa-Free Deal for Officials; India on Alert Amid Strategic Shifts

    Temple Row Sparks Fresh Violence Between Thailand and Cambodia

    Border Tensions Flare Again Between Thailand and Cambodia: Ancient Shiva Temple Dispute Turns Deadly

    Narendra Modi Surpasses Indira Gandhi to Become India’s Second-Longest Serving Prime Minister in an Unbroken Tenure

    India, China Review Border Situation, Gear Up for High-Level Special Representative Talks

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    NCERT Textbook Reveals Mughal Religious Intolerance

    Ruthless Babur, Violent Akbar, Destructive Aurangzeb: NCERT Textbook Reveals Mughal Religious Intolerance

    India Built Gardens Long Before Babur Dreamt of Charbagh

    Before the Mughals: India’s Civilisation Built Gardens Long Before Babur Dreamt of Charbaghs

    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    Echoes of the Cholas in Today’s Bharat

    Conqueror of the Seas: Rajendra Chola and the Rise of Naval Bharat

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    India Becomes First Country to Digitally Preserve Traditional Medicine Using Artificial Intelligence

    India Becomes First Country to Digitally Preserve Traditional Medicine Using Artificial Intelligence

    Highest RTP Casino Games to Get Better Wins

    Highest RTP Casino Games to Get Better Wins

    How to Use Eyebrow Tinting Kits Like a Salon Expert

    How to Use Eyebrow Tinting Kits Like a Salon Expert

    One in Four Indian Married Couples Are Now Overweight

    ICMR Study: One in Four Indian Married Couples Are Now Overweight or Obese—Shared Lifestyle to Blame

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
  • Economy
  • Defense
  • Geopolitics
  • Knowledge
  • Law
  • Lounge

From billionaire to bankrupt: The fall and fall of junior Ambani

Amit Agrahari by Amit Agrahari
17 November 2019
in Business
Anil Ambani

(PC: Rediff.com)

Share on FacebookShare on X

Anil Ambani and four other directors of Reliance Communications namely Chhaya Virani, Ryna Karani, Manjari Kacker and Suresh Rangachar have resigned on Saturday. The decision came after the company posted a consolidated loss of 30,142 crore rupees in the second quarter, for which data was released on Friday.

“Your good office is hereby informed of the resignations tendered by the following directors of Reliance Communications Limited: Anil D Ambani, Chhaya Virani, Ryna Karani, Manjari Kacker and Suresh Rangachar,” said a letter addressed to Bombay Stock Exchange and the National Stock Exchange of India Ltd.

RelatedPosts

Meet Anil Ambani: The Rahul Gandhi of the business world

Rohini Singh goes international, urges Indian Muslims to attack Reliance for its deal with Saudi-Aramco

From Yes Bank to SBI: How Anil Ambani tied many private and public sector banks around his neck and jumped into sea

Load More

The Anil Ambani led company owes more than 50,000 crore rupees to various public and private sector banks. Reliance Communications (RCom), Anil’s mobile telephony venture, is all but defunct: the company owes its lenders Rs. 52,000 crores and RCom has just been reduced to fixed-line communications, data centre services and enterprise solutions with revenues of Rs 4,684 crore in fiscal 2018, a massive drop from the Rs 19,000 crore bagged in 2008. Market capitalization has plunged from a peak valuation of Rs 1, 65,917 crore in January 2008 to just over 1 percent of that value at Rs 1,687 crore on February 18, 2019.

The fall of Anil Ambani’s telecom business was the main burden that dragged down the entire business group itself. RCom which looked promising in its initial years flaunted a 20 percent market share, but the group was losing out to the competing GSM technology while the group operated on CDMA. However, Anil Ambani acted swiftly and shifted his bets to GSM and laid out services within 12 months. With an aggressive pricing strategy and investment of around 8,500 crores to buy 3G spectrum in 11 circles, RCom pushed to become the second largest telecommunications company in India with a massive 125 million customer base by December 2010, which was a fourfold jump for the telecom just five years after the family settlement.

The sudden surge of new players in the telecom space unleashed a price war and eroded margins for all. Consequently, RCom lost its number two spot to Vodafone in 2012 and slipped further down to number four in 2016. With growing debt-burden due to massive investment in Spectrum acquisitions the company’s ability to make investments, especially in 4G, were hindered. The firm’s debt doubled from Rs 25,000 crore in 2010 to the current figure of around Rs 43,000 crore. The launch of the aggressively low priced Reliance Jio by Anil’s elder brother, Mukesh Ambani certainly dealt a final blow and there was no recovering from it. Meanwhile, Reliance Group also made investments in the entertainment industry. However, in 2014, Reliance Entertainment sold its once acclaimed multiplex chain, Big Cinemas to pare off its debts.

While Mukesh Ambani’s Reliance Industries Limited (RIL) group stood at a market cap of around Rs. 7,70,592 crore, his younger brothers Group’s market cap was just pegged at 24,922 crores, in February this year. However, this stark contrast between brothers is not just limited to business empires but also seeps in on a personal level.

Anil Ambani is more like a western businessman. He is flashy, flamboyant, urbane, high-profile and accessible, he is dear to media as he regularly throws lavish parties for them. While his brother is known for keeping a safe distance from politicians at least in public eye, Anil is close to politicians like Mulayam Singh Yadav and Amar Singh, he also got a seat in Rajya Sabha from which he later resigned.

He has pioneered many innovations in the Indian capital markets and has had unparalleled success in raising capital from global markets for Reliance. He knows the world’s biggest international financiers by their first names and is the telegenic face of the company. He is known for trusting his managers and going with their opinions rather than involving himself in any project in great detail.

When Anil Ambani’s companies started making losses, he started summing up his business and planned to sell operations of Reliance communication to his elder brother Mukesh Ambani, but the deal could not capitalize because Swedish telecom giant Ericsson objected to the transaction.

Other subsidiaries of the Reliance Group like Reliance Infrastructure, Reliance Power and others have also suffered huge losses over the past few years and may follow the same insolvency path taken by RCom. The only business of the Reliance Group that seems to be doing relatively well is the financial services business under Reliance Capital, consisting of firms dealing with asset management, life and general insurance, home finance and wealth management. However, it remains to be seen how Anil Ambani steers the group out of its financial problems.

Tags: Anil AmbaniReliance Communications
ShareTweetSend
Previous Post

CPI(M) is changing its stance on Sabarimala because Kerala Hindus taught them a lesson they will never forget

Next Post

Yogi Sarkar vs Akhilesh Yadav govt- one took action against illegal mosque construction, the other fired the officer

Related Posts

US Trade Officials to Visit India in August for Crucial Talks
Business

US Trade Officials to Visit India in August for Crucial Talks

22 July 2025

A high-level team from the US is gearing up to visit India in August for the next round of...

Importance And Value Of Brand Logos In A Competitive Market
Business

Importance And Value Of Brand Logos In A Competitive Market

21 July 2025

The first impression that your audience has of your business is through the brand logo. A well-designed brand logo...

India's UPI Overtakes Visa to Become World's Leading Real-Time Payment System: IMF
Business

India’s UPI Overtakes Visa to Become World’s Leading Real-Time Payment System: IMF

21 July 2025

India’s homegrown digital payment platform, the Unified Payments Interface (UPI), has now become the world’s largest real-time payments system...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Currently Playing

One Woman. Two Brothers. Jodidaran- A Living Example of Polyandry in Himachal's Hatti Tribe.

One Woman. Two Brothers. Jodidaran- A Living Example of Polyandry in Himachal's Hatti Tribe.

00:05:32

Lashkar-e-Taiba on the Run from Muridke: Is Bahawalpur Becoming Pakistan’s New Terror Capital?

00:07:26

Britain’s Million-Dollar Bird Finally Takes Off!

00:06:43

Maharashtra targets crypto christians. fake dalit quota scam exposed.

00:04:16

The Forgotten Maratha Legacy in Tamil Nadu

00:07:37
Facebook Twitter Instagram Youtube
tfipostTfipost.com
Right Wing | News Analysis | Indian Opinion
  • About us
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy
  • Sitemap
MASHABLE IS A GLOBAL, MULTI-PLATFORM MEDIA AND ENTERTAINMENT COMPANY. FOR MORE QUERIES AND NEWS, CONTACT US AT info@mashablepartners.com


©2025 TFI Media Private Limited

No Result
View All Result
  • Premium
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFIPOST हिन्दी
TFIPOST Global

©2025 TFI Media Private Limited