CEOs to Watch Out For In 2013
2. Mukesh Ambani
He is the richest man of India and leads Reliance Industries. But he also seem to be rounded by few bad news as the sudden attention was drawn on RIL’s suspected deeds after the petroleum ministry denied to clear the higher expenses associated to Reliance's Krishna-Godavari gas basin.
Though RIL initially objected the CAG audit but later down the line they agreed. "RIL has been directed to provide access to all records, documents, accounts of the block to CAG as per the contractual provisions." Minister of State for Petroleum and Natural Gas Panabaaka Lakshmi said, repots PTI.
The company also decided to launch its fourth generation data plan in 2013.
3. Vijay Mallya
2012 is definitely among the years that Vijay Mallya will like to erase from his memory as the grounded wings of Kingfisher Airlines went into the web of problems. Making some serious observations about the books of accounts of Kingfisher, the auditors in their report for 2011-12 have said the company has prepared its financial statements on a ‘going concern’ basis, despite its net worth having been completely eroded.
Kingfisher’s net loss more than doubled to 2,328 crore in 2011-12, from 1,027 crore in the previous year.Its total long-term borrowings stood at 5,695 crore as on March 31, 2012, down from 6,306 crore a year ago.
Though Mallya claimed that he will be restarting the airline soon but had hard luck to make believe the aviation ministry.
Also Read: Biggest Business battles of 2012
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