What is the debt of Kishore Biyani?

Kishore Biyani’s Future Group accumulated massive debt exceeding ₹12,000 crore to ₹17,000 crore, driven by rapid expansion and the impact of the COVID-19 pandemic. Following failed sales deals with Reliance Industries in 2022, multiple listed entities, including Future Retail, faced insolvency, with banks reporting total dues of roughly ₹33,000 crore from the group.

Is Anil Ambani's debt cleared?

Anil Ambani still lives in India and is active in government infrastructure and defense projects. His total debt was ₹49,000 crore, but under the IBC process, it was settled for just ₹455 crore. On the other hand, Vijay Mallya's debt was ₹9,000 crore, and the government recovered ₹14,000 crore from him.

What is Kishore Biyani's net worth?

According to Forbes magazine, he had a net worth of US$1.78 billion in 2019.

What was the downfall of Kishore Biyani?

The fall of Kishore Biyani

After conquering the retail industry, Kishore Biyani desired to venture into every business which directly dealt with the consumer, but this proved to be downfall because his unplanned expansion resulted in mounting debt which ultimately swelled to over Rs 12000 crore.

What is the debt of Big Bazaar?

The mountain of ₹17,000 crore debt became too big to handle when Big Bazaar stores were shuttered due to the Covid lockdown. Cash flows dried up, and the company defaulted on payments to lenders and landlords.

Beyond the Debt Trap: The New Math of Middle-Class Retirement | Saurabh Mukherjea x Nandita Rajhansa

How much debt does Mukesh Ambani have?

Rs 3470000000000 debt on Mukesh Ambani! Reliance Industries debt burden is increasing, why did such situation arise even after earning profits? Reliance Industries is burdened with heavy debt. However, the company is still earning strong profits and continues to invest aggressively to expand its businesses.

What are the top 10 failure companies in India?

Brands like Kingfisher Airlines, Bisleri Pop, Chevrolet, Tata Nano, Bloomberg TV India, IKEA, Axe, Walmart, American Apparel, and eBay failed in India.

Who is the father of retail in India?

Kishore Biyani, the head of Future Group, also referred to as the Father of Modern Retail in India and the maverick businessman, has evolved as one of the most successful businessman of the country.

Is Kishore Biyani a CA?

Kishore Biyani's story is a powerful reminder that success doesn't require a straight path. He may not have completed his CA, and his initial ventures in film making may not have gone as planned, but he never lost sight of his dreams.

Why did Kishore Kumar stop singing for Amitabh?

Kumar stopped singing for Amitabh Bachchan in the year 1981, after Bachchan refused to appear as a guest in the film Mamta Ki Chhaon Mein, which Kishore produced.

Who is the king of retail in India?

Radhakishan Shivkishan Damani is an Indian billionaire businessman and investor. He is the founder and chairman of retail chain DMart. Damani is referred to as the "retail king" of India. His estimated net worth is US$15.5 billion as of December 2024, according to Forbes.

Where does Kishore Biyani live?

Kishore Biyani was born in August 1961 and is married to Sangita Biyani. They live in Mumbai with their daughters, Ashni and Avni.

What is Mukesh Ambani's bank balance?

The net worth of Mukesh Ambani is estimated to be around ₹9.10 lakh crores in Indian currency (approximately $116 billion) as of June 2025.

Is Anil Ambani rich now?

Anil Ambani Current Net Worth

As of March 10, 2025, reports estimate Anil Ambani's net worth at just $530 million (around Rs 4,400 crore) which is far less if compared to the wealth during the time of dispute. His brother Mukesh Ambani's total wealth is currently valued at Rs 9.10 lakh crore.

Who is the 14 year old CEO of India?

Meet Sindhuja Rajaraman. - Became CEO at 14 years old (2011) - Led Seppan Entertainment Pvt. Ltd.

Which is the No 1 retail store in India?

Reliance Retail, a subsidiary of Reliance Industries Limited (RIL), is the largest retailer in India. Established in 2006, it has expanded into groceries, fashion, electronics, and digital commerce. Key Highlights: Over 18,000+ stores across 7,000+ towns and cities.

Who was India's first businessman?

But it was Jamsetji Tata, the entrepreneur who started the Tata Group as a private trading firm back in 1868. The group has since been a part of many firsts in the nation. It commissioned the first-ever luxury hotel in India- Taj Mahal Palace & Tower in 1902.

Why did Ikea fail in India?

The world's largest furniture retailer saw its India business slowing as consumers tightened their wallets on discretionary spends across lifestyle categories. Its net loss widened 15% to ₹1,303 crore in FY24.

Why do 90% of startups fail in India?

India has over 1.25 lakh registered startups today, yet nearly 90% will fail within five years. We often blame funding or market competition, but I think there might be another, quieter reason behind the fall: lack of care for customers. Because growth doesn't come from more ads, more users, or more reach.

Is Anil Ambani debt free now?

Anil Ambani has altered his business paradigm, now focusing more on debt reduction. He paid off all the debts of Reliance Infrastructure and left the company completely debt-free. As the company began to get out of the debt trap, investor confidence began to return.

Who is India's no. 1 richest man?

As of late 2025 and early 2026, Mukesh Ambani, Chairman of Reliance Industries, consistently ranks as India's richest man, leading lists from Forbes, Fortune India, and other sources, with significant holdings in telecom (Jio), retail, and energy, followed closely by Gautam Adani & family.
 

What is the salary of Ambani CEO?

Ambani had capped his annual remuneration at Rs 15 crore between from financial year 2009 to 2020. Since FY21, he voluntarily opted to forego his salary due to the COVID-19 pandemic, and has continued to do so each year since.