10 Corporate Firms Under Huge Debt In India
2. Century Communication Limited
Even some of the largest production facilities in India are in the list of loan defaulters. Century Communication is one such post-production facility in India that also owns some TV channels including Mahuaa, one of the famous Bhojpuri channel. This production facility has worked behind some of the Hollywood and Bollywood films. The total debt amount of this company comes around
624crore.
3. Indian Technomac
A company like Indian Technomac that has achieved 395th rank among Fortune 500 companies in India is also among the loan defaulters list. It is one of the largest manufacturers of mines that include titanium alloys, silicon, nickel and more with a revenue base of almost 45 billion(Dollar or rupee?). The loan amount that needed to be repaid is around
629 crore.
4. ICSA (India)
ICSA is an ISO 9001:2008 certified company based in Hyderabad that has its many braches operating around the world. They provide solutions and software for utilities and energy sector that include natural gas, water and more. The company is also into the development of innovative products which include Energy Audit, Control applications and Energy management that are convenient for Power utilities. this firm is also marked as a loan defaulter in the list with an amount that approximately counts to
646crore.
Read More:
Now Loans Against Fixed Deposits At Lower Interest Rates
Here Is Everything That You Wanted To Know About Insurance Cover

