10 Corporate Firms Under Huge Debt In India
5. Deccan Chronicle Holdings Limited
“Deccan Chronicle,” the daily English newspaper that you read is published by Deccan Chronicle Holdings Limited in Hyderabad. The newspaper is published in states like Tamil Nadu, Kerala and Karnataka with around 10.88 lakhs readers. The publisher has a pending loan amount that sums upto
700crore. Reportedly, the firm is trying hard to pay off their loans to the bank by disposing their properties.
6. Pixion Media Pvt. Limited
Pixion is a company that is considered the best in both Talent and Technology. They are into end to end digital post-production in addition to completing almost 5000 projects of some of the world’s leading brands including Nestle, Pepsi, L’Oreal, Axis bank, Dabur and many more, the company has worked with some of the huge Ad films like Red Ice Productions, Bang Bang films and jiamic films. Eventhough a big name in its arena, they are still listed among the loan defaulters. The loan amount comes around
712crore.
7. National Agricultural Co-Operative
Banks are not giving any more loans to such a huge agency like NAFED as they have around
862 crore of loan amount to be paid back. National Agricultural Cooperative Marketing Federation of India (NAFED) is a government agency that produces forest resources and agricultural products across the nation. It is headquartered in Delhi and has about 28 zonal offices.
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