Saturday, November 3, 2018

History of Corporate "Misadventures" in India

During the past decade of investing in Indian stock markets, I have came across many instances of corporate "misadventures" through my own experiences and interactions with fellow investors over blogs, forums and social media.

For new investors coming to the Indian markets, it is often important to not to repeat some of the mistakes of the past and pay costly tuition fees in the process. I have refrained from adding any personal comments and used only public sources here - for obvious reasons, as the readers might well understand.


This list is no way exhaustive, but goes on to gives one a glimpse of the extent of "misadventures" possibly present and to understand - what not to choose in our investment picks.


As you read through these, do let me know other similar stories where you were either impacted by or was able to safely navigate out of.  


Happy investing!


Sl. No.
Company
Industry
Event Year
Links
1
Teledata
Technology
2007
2
Pyramid Saimira
Entertainment
2008
3
Unitech
Real Estate
2008
4
Satyam
IT Services
2009
5
IRB India
Infrastructure
2009
6
Subiksha
Retail Chain
2009
7
LIC Housing Finance
NBFC
2010
8
Welspun Corp
Steel Pipes
2010
9
Concurrent India Infrastructure
Infrastructure
2010
10
Compact Disc (India)
Entertainment
2010
11
Glodyne Technoserve
IT Services
2010
12
Micro Technologies (India)
IT Services
2010
13
EdServ Softsystem
Education
2010
14
Onmobile
Technology
2011
15
Educomp Solution
Education
2011
16
Everonn Education
Education
2011
17
Prithvi Info Systems
Technology
2011
18
Riddhi Siddhi Gluco Biols
Agro Commodities
2011
19
K S Oils
Agro Commodities
2011
20
Moser Baer
IT Hardware
2011
21
Octant Interactive Solutions
IT Software
2011
22
Ess Dee Aluminium
Packaging Solutions
2011
23
Cranes Software
Technology
2011
24
Photoquip India
Photographic
2011
25
CORE Education and Technologies
Education
2011
26
Deccan Chronicle
Media, Newspapers
2012
27
Opto Circuits
Medical Devices
2012
28
Subex
IT Software
2012
29
Parekh Aluminex
Packaging Solutions
2012
30
Amar Remedies
Manufacturing
2012
31
Eldeco Housing
Real Estate
2012
32
CEEBCO
Manufacturing
2013
33
MCX (NSEL Scam)
Commodity Exchange
2013
34
Kitex Garments
Textiles
2015
35
Vakrangee
IT Services
2015
36
PNB
Banking
2015
37
ICSA (India)
IT Software
2015
38
Tanla Solutions
Technology
2016
39
Ricoh India
IT Hardware
2016
40
Geodesic
IT Software
2016
41
Vasan Healthcare
Medical Services
2016
42
Manpasand
Food Products
2016
43
Videocon
Conglomerate
2016
44
Fortis
Healthcare
2017
45
EROS International
Entertainment
2017
46
Best Steel Logistics
Trading
2017
47
Kesoram Industries
Conglomerate
2018
48
Lloyd Electric & Engineering 
Manufacturing
2018
49
8K Miles
IT Software
2018
50
Archit Organosys
Chemicals
2018