Bollywood — Celebrities

Veteran Bollywood actor Amitabh Bachchan departed India while at the zenith of his career, settling 6900 km away in an unspecified locale, and endured two isolated years before a subsequent development.

Bollywood legend Amitabh Bachchan returned from Switzerland and established his business ABCL, which later faced financial collapse. To cope with his debt, he sold his residence in Juhu. Bachchan rebounded in 2000, reviving his career through Kaun Banega Crorepati and Mohabbatein.

, and ASMedia

2025 June 11 . 2:28 PM

3 min read

Bollywood star Amitabh Bachchan returned from Switzerland and established his own business, ABCL,... — Bollywood star Amitabh Bachchan returned from Switzerland and established his own business, ABCL, which eventually faced financial collapse. To settle his mounting debts, he sold his residence in Juhu. Mr. Bachchan, however, made a remarkable comeback, reinventing himself with the shows Kaun Banega Crorepati and Mohabbatein in the year 2000.

Amitabh Bachchan's Journey Through the Highs and Lows

Veteran Bollywood actor Amitabh Bachchan departed India while at the zenith of his career, settling 6900 km away in an unspecified locale, and endured two isolated years before a subsequent development.

Bollywood legend Amitabh Bachchan, a household name in India, experienced a tumultuous era in the late 90s. After a stint in Switzerland, he returned to India with a fresh vision and launched his own company, ABCL, which unfortunately ended up bankrupt. To clear his debts, Big B was forced to sell his Juhu residence. However, the resilient superstar didn't let this setback dampen his spirit. With the success of Kaun Banega Crorepati and Mohabbatein in 2000, he bounced back like never before and never looked back.

Rajinikanth, another legendary actor from Tamil cinema, shared his admiration for Amitabh during the audio launch of Vettaiyan last year. He praised the Sholay star for his relentless determination and called him a role model. Rajinikanth fondly recalled Amitabh's two-year sojourn in Switzerland, where he lived alone and carried out everything independently. Despite facing financial struggles and the criticism of some, Amitabh picked himself up, continued to work tirelessly, and showed everyone that one can overcome adversity and rise again.

Inside the Fall and Rise of ABCL

ABCL ventured into various business segments, but financial losses, mounting debt, and poor planning led to its downfall. The company, with an initial valuation of approximately ₹60 crore, incurred losses of ₹70 crore and suffered an additional debt of ₹22 crore, pushing it towards bankruptcy.Slipped up and fell hard, but with a resilient spirit, Big B picked himself up and climbed back. Let's take a closer look at what happened with ABCL:

Mounting Debts: The financial strain was so intense that Bachchan had to mortgage his family home, Prateeksha, and was on the verge of selling it to pay off creditors, with a total debt reported to have reached ₹90 crore at one point.
Unprofitable Ventures: ABCL's ventures into film production and event management weren't profitable, and many projects were shelved before release.
Operational Mismanagement: Inadequate financial planning and over-extension into unfamiliar business segments further compounded the crisis.

Bachchan's Triumphant Comeback

Amidst these hardships, Amitabh Bachchan accepted the hosting job for the Indian version of the quiz show Kaun Banega Crorepati (KBC). This opportunity served as the turning point in his career, rekindling his public image and providing much-needed financial support. The show's popularity re-established his stardom in the film industry, leading to more film offers and endorsements. His comeback was further solidified by the critical and commercial successes of films released around the same time, ensuring a stable financial future and solidifying his position in the industry.

In conclusion, ABCL's downfall was the result of deep financial losses, unsustainable debt, and flawed business strategies. Amitabh Bachchan's resilience and determination allowed him to not only overcome adversity but also solidify his position in the Indian film industry through his successful TV debut on KBC.

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Sources:[1] The Indian Express[2] India Today[3] Economic Times[4] The Hindu[5] NDTV

Keywords: Amitabh Bachchan, ABCL, bankruptcy, Amitabh Bachchan Corporation Ltd, personal finance, bankruptcy recovery, Indian cinema.

Amitabh Bachchan's comeback in Indian cinema was cemented by his successful TV debut as the host of Kaun Banega Crorepati (KBC) in 2000, leading to more film offers and endorsements.
Despite the failure of ABCL, Amitabh Bachchan's resilience allowed him to overcome financial struggles and solidify his position in the Indian film industry.
The resilient superstar's journey, which included a stint in Switzerland and the eventual sale of his Juhu residence to clear debts, has become viral news and serves as an inspiration for many.
In the realm of Bollywood entertainment and celebrity news, the latest trends cover updates on Amitabh Bachchan's personal and professional life, as well as the upcoming action drama Vettaiyan, featuring both Rajinikanth and Amitabh Bachchan.