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A List Of Duds

Some of A.C. Muthiah's spectacular failures.

  • Auto Products of India—Manufacturers of Lambretta scooters which once commanded 40 per cent of the marketshare. Stopped production.
  • SPIC Electronics—Is in the red.
  • SPIC Fine Chemicals—Majority stakes were transferred to the German partner. Failed to penetrate the market.
  • Standard Motors—BIFR has ordered winding up.
  • Manali Petrochemicals—Is in the red.
  • Arochem—non starter.
  • Singapore corridor—non starter.
  • Abortive bid to take over the Bank of Madura.
  • Clumsy attempt to take over the Tamil Nadu Mercantile Bank.
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