Badmaash Company Index -
The phrase "Badmaash Company" first gained widespread recognition through the 2010 Hindi-language action comedy film of the same name. Directed by actor-turned-director in his directorial debut and produced by Aditya Chopra under the Yash Raj Films banner, the movie stars Shahid Kapoor, Anushka Sharma, Vir Das, and Meiyang Chang.
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These stocks are rarely concentrated in stable sectors like Fast-Moving Consumer Goods (FMCG) or utilities. Instead, they thrive in highly speculative or emerging sectors: These stocks are rarely concentrated in stable sectors
To protect investors, both SEBI and the Ministry of Corporate Affairs (MCA) have built a strong regulatory framework to identify and penalize "badmaash" companies. These companies face prosecution under the Companies Act,
The government maintains an official list of "vanishing companies." As of 2026, 87 companies remain in this category, with total public money raised of ₹341.90 crore. These companies face prosecution under the Companies Act, 1956 and the Indian Penal Code. First Information Reports (FIRs) have been filed against the directors of 112 such vanishing companies [11†L18-L21][11†L33-L41].
To qualify for a high ranking on the Badmaash Company Index, a business must demonstrate strength in four distinct pillars. We score each pillar from 1 (Compliant Corpse) to 10 (Unhinged Revolutionary).
