What went wrong with Anil Ambani?

• Misfortune: Although Anil Ambani -a media savvy tycoon -had launched Reliance communication with high hopes. He simply wanted to spread mobile telephony network across India
• No wonder, Reliance launched a number of CDMA phones across India with its unique revenue model
• However, soon it lost race to its rivals mobile companies .Many of them happen to be international brands- Vodafone or Nokia or Ericsson along with well established Indian brands -Airtel and Idea

• Alas, its own revenue model and poor connectivity due to low spectrum turned Reliance into a heavy loser
  [1]

• Failure: He dabbled in power sector in a big way. But, out of three major projects; his company could complete only one. Naturally, it incurred heavy debts
  [2]

• Controversy: Anil Ambani dabbled in defence manufacturing sector - Rafale deal.
  [3]
  But, it soon turned controversial and earned him a lot of negative publicity
  [4]

• Conclusion:Luck never gives; it only lends : Proverb
• Pic credit: Google

Footnotes

[1] The tough life of an Ambani

[2] Anil Ambani's Reliance Power suffers Rs 2,951 crore loss in FY19

[3] Reliance Defence will get 3% of Rs 30,000 crore Rafale offset

[4] Congress on back foot after SC clean chit on Rafale deal