- 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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