The Dirty Dozen: India's Twelve Biggest Corporate Defaulters by N. Sundaresha Subramanian

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Book Summary

The Dirty Dozen: India’s Twelve Biggest Corporate Defaulters exposes the complex world of large-scale corporate loan defaults in India. Through investigative reporting and detailed case studies, the book profiles twelve major business groups whose unpaid loans contributed significantly to India’s mounting problem of non-performing assets (NPAs). Subramanian explores how some of these corporations—once celebrated business empires—engaged in reckless borrowing, political connections, inflated valuations, and questionable financial practices. He reveals how banks, regulators, and policymakers often failed to act in time, allowing debts to spiral into massive losses for the Indian banking system and taxpayers. Each chapter unravels a different corporate story, highlighting systemic flaws, governance failures, and the interplay of money, power, and corruption. The book ultimately serves as a cautionary tale about the dangers of unchecked corporate ambition and weak financial oversight.

About the Author

N. Sundaresha Subramanian is an Indian investigative journalist known for his deep expertise in business, finance, and corporate governance. With years of experience reporting for leading financial publications, he has built a reputation for uncovering complex financial frauds, regulatory lapses, and corporate scandals. His writing combines rigorous data analysis with clear storytelling, making intricate financial issues accessible to general readers. The Dirty Dozen showcases his ability to blend investigative depth with narrative clarity, solidifying his place among India’s most respected financial journalists.

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