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Amitabh Bachchan Corporation (formerly Amitabh Bachchan Corporation Limited ABCL) or AB CORP is an Indian entertainment company which is owned by Amitabh Bachchan. It was founded in 1995, it did event-management, film production and distribution work.
Amitabh Bachchan was on the brink of bankruptcy in 1999 when his venture, Amitabh Bachchan Corporation Ltd (ABCL), faced major losses.
Around 1994, Bachchan started Amitabh Bachchan Corporation Ltd (ABCL), an event management, production and distribution company. But the company fell into debt with a fiasco and went into bankruptcy, subsequently Bachchan became nearly bankrupt.
Feb 16, 2024 · Despite his stardom, Amitabh's foray into business with the Amitabh Bachchan Corporation Ltd (ABCL) in the mid-1990s faced significant failures. ABCL, initially profitable, soon spiraled into debt, reaching a staggering Rs 90 crore.
Oct 10, 2022 · Big B started ABCL in 1994 with the aim to bring in a new culture - that of the corporate - in filmmaking. A novel idea at that time, the company went on to assign Sanjiv Gupta as the CEO, who was hired from Hindustan Lever Ltd. ABCL got off to a flying start.
Oct 11, 2022 · Bachchan’s brush with bad luck continued as ABCL (Amitabh Bachchan Corporation Ltd), the entertainment company he launched in 1995, turned into a financial disaster. The company had some initial success.
Mar 28, 2012 · MUMBAI: The Bombay High Court has admitted an appeal filed by the IT authorities challenging an order of Income Tax Appellate Tribunal which had held that Rs 17.74 crore paid by Amitabh Bachchan Corporation Ltd (ABCL) to the actor and his wife Jaya in 1995 for their services was revenue expenditure and hence not taxable.
Nov 8, 2021 · That’s when Bachchan and a team of professionals headed by Sanjiv Gupta, who had been hired from Hindustan Levers Ltd (HUL), came up with the plan for setting up Amitabh Bachchan Corporation Ltd (ABCL) to get into film production, distribution, event management, talent management and television marketing.
Apr 21, 2021 · Abhishek Bachchan has remembered the time when father Amitabh Bachchan’s company ABCL went bust. He said his father called him to his study late at night, said ‘nothing was working’.
Apr 3, 2016 · Two years before he launched Amitabh Bachchan Corporation Limited (ABCL) in 1995, the Bollywood legend was appointed director in at least four offshore shipping companies.
