Rishi Agarwal: the shipbuilder whose empire sank from within
· livemint.com
Rishi Agarwal built ABG Shipyard into one of India’s biggest private shipbuilders, but a debt-fuelled expansion ended in collapse, liquidation and allegations of a ₹22,842-crore fraud.
By 2011-12, ABG's best year, the company had delivered a dozen vessels and posted record revenue of ₹2,432 crore and a net profit of ₹180 crore. Despite the...