Subhiksha Subhiksha was started in 1997 and it had 1600 retail outlets selling groceries, fruits, vegetables, medicines,

mobile phones etc. But it was closed down in 2009 due to severe cash crunch and financial mismanagement. Mr. Azim Premji, a wellknown Indian business man, invested in Subhiksha through his private investment vehicle only a few months prior to its downfall at advice of ICICI. He said that Subhiksha was a retail equivalent of Satyam India s largest corporate fraud. There was an overstatement of accounts, fake inventory, fake bills, fake companies th at money was transferred to Unitech The Unitech Group is second largest real estate investment company in India. But the Unitech Managing director Sanjay Chandra involved in 2G Spectrum Scam and w as arrested on February 2nd, 2011. Though the company had good position and good market share, it was accused by CBI for involvement in 2G Spectrum Scam. As of 2006, Unitech share price was around Rs. 1600. Today, Unitech share is around Rs . 35 only. The total profits of the company decreased from Rs 16,692 million in 2008 to Rs 6,946 million in 2010. This is a good example of big companies failin g.