Savage Cannibal Capitalism’s Dr. Jekyll and Mr. Hyde — The Piramal Scenario
Savage Cannibal Capitalism’s Dr. Jekyll and Mr. Hyde — The Piramal Scenario
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Savage Cannibal Capitalism’s Dr. Jekyll and Mr. Hyde — The Piramal Scenario
Savage Cannibal Capitalism’s Dr. Jekyll and Mr. Hyde — The Piramal Scenario

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Pressing Repeat: A Tragi-Comedy of DHFL Ruin, Viraha, and Satyagraha through Dilemma
Posted on 25th March, 2026 (GMT…) ABSTRACT In this darkly comic, self-reflexive monologue, a financially devastated DHFL victim—robbed of her life savings and hounded by a 100-crore SLAPP suit under an undeclared emergency—chronicles her solitary existence through obsessive loops of Rabindrasangeet. Trapped between paralyzing fear and compulsive repetition, she navigates aesthetic intimate…
Stones, Frogs, and Divine Dividends: Piramal’s Philanthro-Capitalist Lila
Stones, Frogs, and Divine Dividends: Piramal’s Philanthro-Capitalist Lila
From Issuer Pays to Polluter Pays: Unearthing Piramal Pharma’s Credit Ratings
From Issuer Pays to Polluter Pays: Unearthing Piramal Pharma’s Credit Ratings
One Rupee, Piramal Finance, and the Ruins of DHFL: A Letter to Mr. Ajay Piramal
Posted on 9th January, 2026 (GMT 03:55 hrs) ABSTRACT This open letter to Ajay Piramal interrogates the moral dissonance between Piramal Finance’s “Neeyat” advertising campaign, which celebrates honesty through the return of a single rupee, and the lived reality of DHFL depositors whose life savings were erased through a deeply contested insolvency process. By juxtaposing corporate…
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Piramal Finance and the Rating Ruse: How India’s Credit Rating Agencies Manufacture Trust to Enable Systemic Expropriation
Posted on 6th January, 2026 (GMT 11:12 hrs) Compiled by DHFL Victim⤡ ABSTRACT In India’s deeply captured financial regime under prolonged BJP-NDA rule (2014–2025), credit rating agencies (CRAs)—dominated by the CRISIL-ICRA-CARE triopoly—have degenerated from purported risk sentinels into systemic enablers of crony expropriation, perpetuating a predatory cycle of manufactured trust, retail…
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When AA+ Means “Ask Again”: Manufactured Ratings, Piramal Finance, and the Credit Ratings Trap
Posted on 6th January, 2026 (GMT 01:36 hrs) Authored by DHFL Victim⤡ ABSTRACT Despite glowing CRISIL AA+/Stable ratings, Piramal Finance’s strength is an illusion built on conflicted issuer-paid ratings, legacy DHFL fraud asymmetries (₹45,000 Cr recoveries valued at Re 1, massive retail haircuts), governance controversies, political proximity, and a backdoor listing that bypassed scrutiny.…
Piramal Finance and the Rating Ruse: How India's Credit Rating Agencies Manufacture Trust to Enable Systemic Expropriation
Posted on 6th January, 2026 (GMT 11:12 hrs) ABSTRACT In India’s deeply captured financial regime under prolonged BJP-NDA rule (2014–2025), credit rating agencies (CRAs)—dominated by the CRISIL-ICRA-CARE triopoly—have degenerated from purported risk sentinels into systemic enablers of crony expropriation, perpetuating a predatory cycle of manufactured trust, retail mobilization, delayed…