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Wadhawan Global Capital
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Wadhawan Global Capital (WGC) was established as the parent company for the Wadhawan family's various financial services businesses. It positioned itself as a leading financial services conglomerate in India, managing a significant asset portfolio with a core focus on providing credit solutions. Its main businesses included lending (mortgages, SME financing) through its flagship company Dewan Housing Finance Corporation Ltd. (DHFL), asset management, investment advisory, and insurance. However, the group collapsed following the exposure of a massive financial scandal at DHFL, leading to insolvency proceedings and the arrest of its promoters.
India
Industry
Financial