India’s listed SME space is a ticking time bomb
If recent investigations by SEBI into cases of fraud by listed SMEs are any indication, a scam running into lakhs of crores is in the making, putting the entire financial system at risk.

Subscribe to read this story
We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.
$99 for one year
Not ready to subscribe? Sign up for a free account
We value our free readers. Read 100+ stories every year.
More in Business
You may also like
Milky Mist is a rare best-of-both-worlds business
IPO-bound Milky Mist is a dairy company that operates like an FMCG player. Its unique business model and ambitious promoter have served it well thus far. Now for the market test
Blinkit, Chanda Kochhar and the perils of short-term thinking
The changing power equation in quick commerce, a grim lesson in accountability and what our institutions lose every time they fail to see the big picture.
HDFC Bank charged with ripping off NRI depositors. Now it is set to pay
Allegations of misselling risky AT1 bonds to retail investors come as a new headache for India’s largest private bank. The regulatory backlash could leave a $100 million hole in its books.