A company with a debt of nearly Rs one lakh crore collapsed but no one seems to care anymore. Why? India is staring at a financial crisis of apocalyptic proportions in the wake of the pandemic, but the country could have mitigated the impact had it not been in the midst of an economic slowdown caused by the failure of some of the biggest companies. Il&fs was the biggest and the most unexpected failure on this list. The dramatic fall of this low-profile behemoth, which was as sudden as its rise, triggered shockwaves that ripped through financial markets and the economy. Its long-serving Chairman Ravi parthasarathy and his trusted Aides had rapidly grown the operations across India using an astonishing 340 subsidiaries. Their combined borrowing of Rs 1 lakh crore was not just mind-boggling but also difficult to comprehend. Multiple stakeholders, including bankers, bureaucrats and other government authorities helped create an Icarus the infrastructure leasing & financial services limited, which soared higher and higher only to get burnt by its own ambitions. How could so much value, resources and prestige disappear so quickly? Was this a business failure or a fraud?.

Seller Inventory # 136795

Contact seller

Report this item

Bibliographic Details

Title: NEVER TOO BIG TO FAIL: The Collapse of IL&FS and its Ten Trillion-Rupee Maze
Publisher: Rupa Publications India
Publication Date: 2020
Language: English
ISBN 10: 9389967538
ISBN 13: 9789389967531
Binding: Hardcover
Condition: New

About this title

Synopsis

Multiple stakeholders, including bankers, bureaucrats and other government authorities helped create an Icarus— the Infrastructure Leasing & Financial Services Limited, which soared higher and higher only to get burnt by its own ambitions. Its highly valued companies have gone bankrupt and are now being purchased at distress sale prices by the highest bidder.

"About this title" may belong to another edition of this title.

Store Description

A one stop shop for books from India. We can supply any title published in India by any publisher. We have an extensive annotated catalogue of books on the web. We have been supplying books from India to University Libraries, Art Museums, Botanical Gardens world wide for the past thirty years.

Visit Seller's Storefront

Seller's business information

Vedams eBooks Pvt Ltd
Vardhaman Charve Plaza IV, Bldg # 10, 2nd Floor, K.P. Block Commerical Complex, Pitampura, New Delhi, 110 034, India

Sale & Shipping Terms

Terms of Sale

We check every book for page mistake before they are shipped out. We take a lot of pain in our packing so that the books reach their destination in mint condition.

Name of the Company : Vedams eBooks [P] Ltd
Business Address: Vardhaman Charve Plaza IV, Bldg. 10, 2nd Floor, KP Block Commercial Centre, Pitampura, New Delhi 110034, India
e-mail address: vedams@vedamsbooks.com
Telephone Numbers: 00-91-11-27310611; 00-91-11-27310612
Fax: 00-91-27310613
Office Working Hours: 9 AM to 5 PM - Monday to F...

More Information

Shipping Terms

Shipping costs includes insurance. Books lost in transit will be replaced immediately. Shipping costs are based on books weighing 2.2 LB, or 1 KG. If your book order is heavy or oversized, we may contact you to let you know if extra shipping is required.

Shipping rates from India to U.S.A.

Shipping rates from India to U.S.A.
Order quantity	20 to 24 business days	4 to 7 business days
First item	US$ 20.03	US$ 36.62

Delivery times are set by sellers and vary by carrier and location. Orders passing through Customs may face delays and buyers are responsible for any associated duties or fees. Sellers may contact you regarding additional charges to cover any increased costs to ship your items.