Fall of India's Biggest Wealth Creators

8. Mahanagar Telephone Nigam
MCap (Beginning 2008): 13,091.40 crore (130.91 billion)
Current MCap: 1,300.95 crore (13 billion)
Change: -90.1 Percent

The company had a monopoly in Mumbai and Delhi until 1992, when the telecom sector was opened to other service providers. In recent years, MTNL has been losing revenue and market share heavily due immense competition in the Indian telecom sector. The company has lost almost 90.1 percent of its market capitalization since 2008.

9. Pantaloon Retail (India)
MCap (Beginning 2008): 12,553.71 crore (125.53 billion)
Current MCap: 4,270.94 crore (42.70 billion)
Change: -66 Percent

Pantaloon Retail (India) Limited, is a large Indian retailer, part of the Future Group, and operates in multiple retail formats in both, value and lifestyle, segments of the Indian consumer market. The company’s market capitalization slipped from 12,553.71 crore in 2008 to 4,270.94 crore, which accounts for around -66 Percent change.

10. Tata Teleservices
MCap (Beginning 2008): 11, 759.15 crore (117.59 billion)
Current MCap: 1,724.55 crore (17.24 billion)
Change: -85.3 Percent

In November 2008, Japanese telecom giant NTT Docomo picked up a 26 per cent equity stake in Tata Docomo a subsidiary of Tata teleservies for about 130.7 billion or an enterprise value of 502.69 billion. The company has lost almost -85.3 percent of its market capitalization since 2008.

It is reported that the company incurred net loss of 115.23 crore for the quarter ended March 31, 2013. It also reported net loss of 123.40 crore in the corresponding period last fiscal.

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