In 2008, Reliance Capital’s market value surpassed Rs 70,000 crore, but by 2019, chairman Anil Ambani had to declare bankruptcy. Various factors, including governance issues and poor investment decisions, led to the company’s decline. Defaults at Reliance Home Finance and Reliance Commercial Finance further exacerbated the situation, ultimately leading the Reserve Bank of India to initiate bankruptcy proceedings in 2021.