We had Kapal Mehra of Orkay Silk Mills who once was expected to be another Dhirubai Ambani for the kind of rags to riches story. the Raid raj of VP Singh blew the lid of this engine. We had Abey Oswal who could one day write a cheque for 430 crores that did not bounce but then he too fell by the way side with a plethora of financial irregularities and scandals surfacing his firms. DRI raid rubbed of all the shine and sheen of a  Delhi based packaging manufacturer who had rich connections with powers that be. The Nahatas of Himachal Futuristics were the other casualty of Sukhram era. To Day Sukhram stands indicted for a massive public fraud. 

The Ambani empire has always been accused of using dubious means to attain premier status. the fued between ambani and Nusli Wadia  attained gigantic proportions resulting in murder attempts and media fights between Ramnath Goenka through Gurumurthi and RIL owned Business and political  Observer( now defunct) Ambani was in genious when he collected Public money at his will through his NCD series which were later converted in to equity at attractive prices to cut down cost of debt servicing. He is alleged to have multiple folios for every shareholder during every bonus/rights issue in order to boost the no of shareholders. RIL did not give dividend more than 50% during his time when Colgate Polmolive and Multinational Companies were declaring more than 100% dividend. 

Ambani formed his Reliance Petroleum based on his Patalganga refinery which was set up in record time. All his officers were poached from PSU majors like Indian Oil, ONGC etc Most of Mukesh Ambani's oil and gas  finds are at the best secrets leaked out by PSU Executives who later on took jobs at RIL. RPL has been demerged in the past and merged in a manner which will make regulatory framework a laughing stock. Only a couple of years ago, RPL was demerged. It was claimed that this will benefit the shareholders of RPL. Now the Boards have recommended the merger of RIL and RPL to create a monolithic Oil Co. Both the Companies have different product lines. RIL is in Textililes and textile intermediaries while RPL is in the business of oil exploration and gas finds. Except that Purified Terephthalic acid(PTA) the alternate raw material for Polyster Filament Yarn to DMT( manufactured by Bombay dyeing and Bongaoikon Refineries) is the raw material for RIL, the synergies that are supposed to exist between RIL and RPL are attempts to short change the shareholders.