Fortune India Next 500: In the red zone
The Fortune India Next 500 reported its first-ever cumulative loss this year since the list was launched in 2015. This was mainly on account of overleveraged loss-makers.
The Fortune India Next 500 reported its first-ever cumulative loss this year since the list was launched in 2015. This was mainly on account of overleveraged loss-makers.
This year, the cumulative profit of the Next 500 companies fell 65%. You might think it’s due to GST and the aftermath of demonetisation. The real culprit: over-leverage.