Indian Companies that Might Turn Bankrupt

#6 Adani Enterprises

Altman’s Z-Score: 1.53

Adani Group, usually referred to as Adani Enterprises, the Indian conglomerate company headquartered in Ahmedabad, India, show a lesser Altman’s Score. Thus, the company, founded by Gautam Adani, has more financial risk among the other corporate in India. The major businesses of the group are commodities trading, edible oil manufacturing, Port operations and SEZ, and distribution of natural gas; with more than 50 companies operating under the name.

#7 Bharti Airtel

Altman’s Z-Score: 1.53

Bharti Airtel, commonly called Airtel, is considered one among the borderline cases by the Morgan Stanley research. It is one of the largest telecommunications companies that operate in 20 countries across South Asia, Africa and the Channel Islands. The company operates a GSM network providing 2G, 3G and 4G services depending upon the country of operation. The company headed by Sunil Bharti Mittal, offers its telecom services under the ‘airtel’ brand.

#8 Jaiprakash Associates

Altman’s Z-Score: 1.48

The Jaypee Group, a Noida-based Indian conglomerate, also ranked among the underperforming companies in India by the Morgan Stanley research.   Founded by Jaiprakash Gaur, the company is involved in well diversified infrastructure conglomerate with business interests in Engineering and construction, Power, Cement, Real Estate, Hospitality, Expressways, Sports and Education (non-profit) etc.