Top 20 Bank loan defaulter companies in India



Few corporate defaulters have brought most of the public sector banks to their knees eroding their net-worth and compelling them to dilute equity to comply with Basel norms. PSBs have been huge wealth destroyers since past couple of years partly due to economic slowdown and partly because of willful defaulters. 

Following is the list of top 20 loan defaulters in India:

  1. Kingfisher Airlines - 2673 crores
  2. Winsome Diamonds & Jewelry - 2660 crores
  3. Electrotherm India Limited - 2211 crores
  4. Zoom Devlopers Pvt. Ltd - 1810 crores
  5. Sterling Biotech Ltd - 1732 crores
  6. S. Kumars Nationwide Ltd - 1692 crores
  7. Surya Vinayak Industries - 1446 crores
  8. Corporate Ispat Alloys - 1360 crores
  9. Forever Precious Jewelry and Diamonds - 1254 crores
  10. Sterling Oil Resources - 1197 crores
  11. Varun Industries - 1129 crores
  12. Orchid Chemicals & Pharmaceuticals - 938 crores
  13. Kemrock Industries and Exports - 929 crores
  14. Murli Industries & Exports - 884 crores
  15. National Agricultural Cooperative - 862 crores
  16. STCL Ltd - 860 crores
  17. Surya Pharama - 726 crores
  18. Zylog Systems Ltd - 715 crores
  19. Pixion Media Pvt. Ltd - 712 crores
  20. Deccan Chronicles Holdings Ltd - 700 crores

The above top 20 accounts have together defaulted for over 25000 crores worth of public money. 



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