Chairman of the Aditya Birla Group
NAME – Kumar Mangalam Birla
PROFESSION- Industrialist
BORN –14/6/1967
PLACE OF BIRTH – Kolkata
FATHER’S NAME – Aditya Birla
MOTHER’S NAME – Rajashri Birla
SPOUSE – Neerja Birla
SIBLINGS – Vasavadatta Birla
CHILDREN – 3
EDUCATION –
He did his schooling from Sydenham College of Commerce and Economics.
He got his bachelor’s degree from H.R. College of Commerce and Economics (Mumbai University) .
He pursued his Master of Business Administration (MBA) at London Business School from University of London in 1992.
He is a chartered accountant (C.A.) from Institute of Chartered Accountants of India.
FILM INDUSTRY/ COMPANIES/ TEAMS-
The Group’s businesses are spread across many industries like aluminum, solar power copper, telecommunications, cement, textiles (pulp, fiber, yarn, fabric and branded apparel), agribusiness, carbon black, insulators, natural resources, financial services, retail and trading.
The companies under Aditya Birla Group are-
- Grasim
- UltraTech Cement Ltd
- Shree Digvijay Cement
- Hindalco aluminum
- Indian Aluminum Company Ltd
- Bihar Caustic and Chemicals Ltd
- Aditya Birla Nuvo,Idea Cellular Ltd
- Birla Sun Life Insurance Co Ltd
- Birla Sun Life Asset Management Company Ltd
- Birla Sun Life Distribution Company Ltd
- PSI Data Systems
- Aditya Birla Minacs Worldwide Limited
- Birla Global Finance Ltd,Birla Insurance Advisory & Broking Services Ltd
- Madura Garments Life Style Retail Co. Ltd
- Peter England Fashions and Retail Ltd, Madura Garments Exports Limited
- Aditya Birla Retail, Tanfac Industries Ltd
- Essel Mining & Industries Ltd
AWARDS – N/A
BACKGROUND –
Kumar maglalam was born in Kolkata and brought up in Mumbai. He did his schooling from Sydenham College of Commerce and Economics and he got his bachelor’s degree from H.R. College of Commerce and Economics (Mumbai University). He pursued his Master of Business Administration(MBA) at London Business School from University of London in 1992.He is a chartered accountant(C.A.) from Institute of Chartered Accountants of India.
At the age of 28 he took over as chairman of the Aditya Birla Group in 1995, after the sudden demise of his father Aditya Vikram Birla. His success has proved that he is a great industrialist, as during his tenure as chairman of the group its annual turnover has increased from US$3.33 Billion in 1995 to US$48.3 billion in 2019. With being a great industrialist, he is also a leading philanthropist and contributes significantly towards the growth of weaker sections of the society.
CAREER TIMELINE –
1995 to Present- Birla at the age of 28, took over as chairman of the Aditya Birla Group in 1995, after the death of his father Aditya Vikram Birla. During his tenure as chairman, the group’s annual turnover has increased from US$3.33 Billion in 1995 to US$48.3 billion in 2019.
He came with new strategies in business and also expanded to new sectors like Telecom, Software, BPO and other areas, and holds a company of net worth of $40 billion multinational with operations spanning across more than 40 countries across six continents.
He has served as the Chairman of Securities and Exchange Board of India’s (SEBI) Committee on Corporate Governance, and also the Chairman of SEBI’s Committee on Insider Trading. He was appointed the Chairman of the Board of Trade constituted by the Ministry of Commerce & Industry, and served as the Chairman of the Ministry of Company Affairs’ Advisory Committee.
Birla has lost $3.1 billion between 2017 and 2019, with his net worth reduced to $6 billion, main cause for this loss is financial distress that Vodafone Idea Ltd was experiencing.
He has also made over 40 acquisitions in 20 years in India and globally, the highest by any Indian multinational in India. And recently, he through Novelis had bid for Aleris, a US major metals company for a consideration of $ 2.6 billions.
CONTROVERSIES/CASES –
Recently in 2016, Rahul Gandhi has accused Birla’s firm of paying bribes to the then Gujarat Chief Minister Narendra Modi (now Prime Minister).
Kumar mangalam Birla’s name significantly came in Indian coal allocation scam, that traced its origin to the illegal allocation of coal blocks between 2004 and 2009. And he was accused of “influencing the then coal secretary in getting the block, Talabira II in Orissa, allocated to Hindalco, when its was meant only for allocation to public sector firms in 2013 by Central Bureau of Investigation.
But when Modi Government came to power, CBI filed closure report against Birla In 2014.