Crisis Zone

28.8% Rise in interest outgo of the 15 most-indebted non-BFSI companies in FY20 against FY19

32.4% Increase in their cash and bank balance in FY20 compared to FY19

Albert Einstein once said, “We cannot solve our problems with the same thinking we used when we created them.” Businesses in their aggression to grow wealth or in their failure to understand the storm that chases them, usually end up leveraging the entity. In recent times, companies that leveraged beyond their repayment ability had to undergo insolvency proceedings and some billionaire promoters returned home with empty pockets.

The BT500 rankings shows that