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The founder of Essel Group, Chandra was a media mogul who owned Zee Entertainment Enterprises, India's largest television broadcaster. He was declared bankrupt in 2019 after Essel Group defaulted on its debts.
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A businessman and politician, Mallya was the founder of the Kingfisher Group, which included Kingfisher Airlines, Kingfisher Beer, and Kingfisher Ultra. He was declared bankrupt in 2017 after Kingfisher Airlines defaulted on its debts.
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The owner of Gitanjali Group, a retail jewellery company, was involved in a $1.8 billion fraud case against Punjab National Bank (PNB). He fled to Antigua and Barbuda in 2018 but was extradited back to India in 2021.
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The founder and chairman of Satyam Computer Services, admitted to embezzling Rs 7,140 crore (US$1.5 billion) from the company in 2009. He was convicted of fraud and sentenced to seven years in prison.
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The chairman of Essar Group, a steel and infrastructure company, was declared bankrupt in 2017 after the company defaulted on loans worth over Rs 54,000 crore (US$7.4 billion).
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The chairman of the Reliance Group, a conglomerate with interests in energy, petrochemicals, and telecommunications, saw his net worth plummet from over $20 billion to less than $1 billion in 2020 due to a combination of factors, including high debt levels, a decline in oil prices, and the COVID-19 pandemic.
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The former chairman of Avantha Group, a diversified conglomerate, was declared bankrupt in 2020 after the company defaulted on loans worth over Rs 31,000 crore (US$4.2 billion).
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