He
ruled the industry in his youth and in his late sixties he is still rocking it.
He also had his share of flop films, accidents on film sets (almost fatal one
on the sets of coolie) and struggle in the industry which we all know about but
in this article I want to talk about two of his major failures :
- Politics
- Amitabh Bachchan Corporation Limited(ABCL)
He
ventured into the corporate and political arena with a bang to explode like a
balloon later.
These failures not only brought ‘bad name’ to him but also made him
almost ‘bankrupt’.
With
help of his long time family friend Rajiv Gandhi he contested Allahabad’s
seat of 8Th Lok Sabha against the heavyweight politician and former
CM i.e H.N Bahuguna. His confidence was correct and he smashed Bahuguna’s
dreams with one of the highest victory margins in general election
history i.e 68.2% of the vote.
My
father always keep telling me “HATHI USE KO KHARIDNI CHAHIYE JISKIAUKAAD
HO HATHI PAALNE KI” , in simple words you should buy something
only if you are capable of bearing the running and maintenance cost. Mr.
Bachchan entered politics, won but had no real idea of how politics is done.
The ‘hero of reel- life’ was unable to fight the ‘real-life political
crooks’. He got frustrated and realised that politics is not his cup of
tea its safer and better to beat monsters in films.After three years of his
historical win he ‘surrendered’ by saying “POLITICS IS A CESSPOOL”
(a pit to collect domestic waste especially human excreta).I wonder why he said
this, he was old enough to know that politics is, was and will always remain
dirty (less or more, in this way or that way).It’s our favourite time pass to
abuse politicians although they are just mere reflection of ‘the so
called weak common man’ who is actually greedy & selfish. Sorry,
that’s a different topic. THANK YOU Amitji you made people who voted for
you to realize difference between ‘reel-life heroes and real-life heros’.

In
1996 during his temporary retirement period he became producer setting up
Amitabh Bachchan Corporation, Ltd. (A.B.C.L.) in 1996, with the vision of
becoming a 10 billion rupees (approx 250 million $US) premier entertainment
company by the year 2000. ABCL's strategy was to introduce products and
services covering the entire section of the India's entertainment industry. Its
operations were mainstream commercial film production and distribution, audio
cassettes and video discs, production and marketing of television software,
celebrity and event management.
Soon after the company was launched in 1996,
the first film was produced by the company. Tere Mere Sapne failed
to do well. In 1997,he attempted to make his acting comeback with the film Mrityudata,
produced by ABCL. Though Mrityudaata attempted to reprise Bachchan's
earlier success as an action hero, the film was a failure both financially and
critically. ABCL was the main sponsor of the 1996 Miss World beauty pageant,
Bangalore but lost millions.
The fiasco and the consequent legal battles
surrounding ABCL and various entities after the event, coupled with the fact
that ABCL was reported to have overpaid most of its top level managers, eventually
led to its financial and operational collapse in 1997. The company went
into administration and was later declared a failed company by Indian
Industries board. The Bombay high court, in April 1999,
restrained him from selling off his Bombay bungalow 'Prateeksha' and two flats
till the pending loan recovery cases of Canara Bank were disposed of.
He had, however, pleaded that he had mortgaged his bungalow to Sahara India
Finance for raising funds for his company.
This
failure brought the 6’3” tall icon down on ground but ‘when going gets
tough, tough gets going’. Harassed by money lenders he returned to what
he knew the best with a positive attitude and steely grit. He admitted that he
is not a good businessman like ‘Ambanis’ who know how to manage the
smallest things to avoid future loss. This quality of admitting mistakes and
shortcomings is what makes him great. This was the time when he stated going to
gym regularly so that he may not miss his work due to health issues.He vowed
that his financial crisis will not curtail his children’s needs.


If
we look at his failure in politics and business then we will brand him as a 'learner’
instead of ‘failure’ who values his hard earned lessons.I wish he
will keep doing what he is best at(acting) till he can so that his
accomplishments can shout back at people who criticize him : “BUDDHA HOGA
TERA BAAP”.
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