Amitabh Bachchan with his parents Harivanshrai and Teji Bachchan. This picture was posted on Facebook by Amitabh Bachchan
Amitabh Bachchan ruled Hindi films Industry during 1970’s to 1990’s. He did have lot of money. So he started a Business venture named “Amitabh Bachchan Corporation Ltd(ABCL)” in his 2nd innings. ABCL started Film Production & Event Management. But the venture did not succeed like his films. It worked like a disaster. He was almost bankrupt. He was depressed. But one thing which he didn’t lose was hope.
In his own words on his blog “…in the year 2000, when the entire world was celebrating the new century, I was celebrating my disastrous fortune. There were no films, no money, no company, a million legal cases against and the tax authorities had put notice of recovery on my home. An offer for television changed all that when I agreed to anchor Kaun Banega Crorepati much against all the advice and resentment from friends, family and advisers. “
“It is only my conscience that kept me going,” the legendary actor said. “Many businessmen and financial advisers told me that I should give up ABCL and start a new life. But somewhere I felt that I owe people money. People had put faith in ABCL because of my name. Therefore, I could not let it go easily.” (Source)
Amitabh Bachchan’s friends who morally helped him during the financial crisis.
“There was a sword hanging on my head all the time. I spent many sleepless nights. One day, I got up early in the morning and went directly to Yash Chopraji and told him that I was bankrupt. I had no films. My house and a small property in New Delhi were attached. Yashji listened coolly and then offered me a role in his film Mohabattein,” (Source)
Happy family. Now they have overcome the crisis.
“I then started doing commercials, television and films. And I am happy to say today that I have repaid my entire debt of Rs 90 crore and am starting afresh,” Bachchan said. (Source)
Read More Information About Legends Financial Crisis & Recovery
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