There was a time when one of the richest men in India was in a deep financial crisis for the want of Rs 5000. That was the time when people did not write cheques for funding," said Mittal describing his financial status during those times.Mittal narrated how he then approached Brijmohan Lall Munjal to write him a cheque for Rs 5000. "I approached Mr. Munjal and told him: 'Uncle, I need Rs 5000'. At that time, I did not know anything about telecommunications," recalled Mittal.Generator business shut, Mittal took a trip to foreign to scout for opportunities. "Soon, the government came out with a licensing policy for telecommunications and Mittal took his bet on the game.

Source: Economic Times December 16, 2017 05:34 UTC