Winning Bizness Desk
Mumbai. After the demise of veteran industrialist DhiruBhai Ambani, Reliance saw a split with Reliance Infocom going to Anil Ambani's account, whereas Mukesh Ambani got petrochemicals. Both got equal share, but Mukesh Ambani has assets of more than $ 85 billion. Whereas Anil Ambani has gone bankrupt today. There was a time when Anil Ambani was the sixth richest industrialist in the world, but today the condition is that he has gone bankrupt. The company went on well for a few years after the split, but then Anil Ambani walked on the path of ruin. Anil Ambani's RCom reached the brink of bankruptcy. The debt of the company started increasing.
Anil's plan failed to work
After the split, Anil Ambani made many ambitious plans regarding Reliance Telecom, but the planning did not go well. He wanted to become the king of the telecom, power and infrastructure sector, but today his company is bankrupt. Anil Ambani's condition became such that he had to take a loan to repay the loan. This pain of debt became more heavy when the merger of RCom and Aircel failed. The merger of RCom and Aircel failed in 2016. After the partition, Anil Ambani got the profit and growth giving companies of Reliance. Despite that, he could not even save her, let alone grow her. His mistakes are behind Ambani's downfall.
Debt got out of control
Anil Ambani kept jumping from one business to another, but due to the lapses in implementation, his money got stuck in those businesses. Anil is investing money in new projects, due to which the debt burden on him was increasing. The debt was now getting out of control. By the year 2019, the total debt burden on Anil Ambani's companies had reached Rs 1.73 lakh crore. In the year 2008, Anil Ambani was the sixth richest industrialist in the world with $ 45 billion, in the year 2019, he is also outside India at number 70 in the Forbes list. His number was 1349 among the billionaires of the world. Anil Ambani is left with $1.7 billion. Anil Ambani lost everything because of his mistakes. In the year 2019, when Anil Ambani had assets of $ 1.7 billion left. At that time Mukesh Ambani had 50 billion dollars. Anil Mukesh was not able to stand far and wide of Ambani. Mukesh Ambani is among the top 10 rich in the world today.
