Company type | Corporate group |
---|---|
Industry | Conglomerate |
Founded | 1857[1] |
Headquarters | Mumbai, Maharashtra, India |
Area served | Worldwide |
Key people | Kumar Mangalam Birla (Chairman) [2] Sushil Agarwal (Group CFO) [3] Santrupt Misra (Group director) |
Products |
|
Revenue | $65 Billion [1] (2024) |
Owner | Kumar Mangalam Birla |
Number of employees | 187,000 (2024) [4] |
Website | www |
Aditya Birla Group is an Indian multinational conglomerate, headquartered in Mumbai, India. The group's business interests include metals, cement, fashion and retail, financial services, renewables, fibre, textiles, chemicals, real estate, trading, mining, and entertainment. [5] [6] The group has a presence in 36 nations [7] and a combined annual revenue of US$62 billion, [5] over 50% of which is derived from its overseas operations. [8]
Aditya Birla Group has seven companies that are listed publicly, and their total market capitalisation as of March 2024 is over $100 billion. Notable group companies include UltraTech Cement, Hindalco, Novelis, Grasim, Aditya Birla Capital, Aditya Birla Fashion and Retail and Vodafone Idea. [9] [10]
The group's origins are associated with three individuals: Ghanshyam Das Birla (G.D. Birla), Aditya Birla and Kumar Mangalam Birla. [11] [12]
Ghanshyam Das Birla (1894–1983) Born into a business family, G.D. Birla began his career in the family's trading business. He expanded into various industries like jute, cotton, and textiles. [13] G.D. Birla established multiple manufacturing businesses that laid the foundation for the Aditya Birla Group. [14] He was recognized for his charitable acts and his connection with Mahatma Gandhi. [15] [16]
Aditya Vikram Birla (1943–1995), the grandson of G.D. Birla, grew the group's operations. [17] At 24, Aditya Birla began establishing businesses abroad. In 1969, he founded 19 companies in Thailand, [18] Malaysia, Indonesia, Philippines, and Egypt. [17] [19] Under his leadership, the group diversified into multiple sectors such as metals, cement, textiles, and telecom. [18]
Kumar Mangalam Birla (1967-current), became the chairman of the Aditya Birla Group in 1995, succeeding his late father Aditya Vikram Birla when he was just 28 years old. [19] [20] Under his leadership, the group's annual turnover grew from $2 billion in 1995 to $60 billion in 2022. [5] [21]
Company | Major Subsidiary | Equity Stake |
---|---|---|
Metals and Mining | ||
Hindalco | 34.64% | |
Essel Mining & Industries Limited |
| 100% |
Cement | ||
UltraTech Cement |
| 59.96% |
Textile, Fibres and Paints | ||
Grasim Industries |
| 42.75% |
Century Textile and Industries |
| 50.21% |
Domsjö Fabriker |
| 100% |
Fashion | ||
Aditya Birla Fashion and Retail |
| 55.47% |
Telecom Services | ||
Vodafone Idea |
| 26% |
Media and Film Production | ||
Applause Entertainment |
| 100% |
Financial Services | ||
Aditya Birla Capital | 69.10% | |
Renewables | ||
Aditya Birla Renewables |
| 100% |
Insulators | ||
Aditya Birla Insulators |
| 100% |
Chemical and Compounds | ||
Aditya Birla Chemicals(Thailand) |
| 100% |
Thai Peroxide Limited |
| 50% |
PT Indo Raya Kimla(Indonesia) |
| 100% |
Birla Carbon |
| 100% |
Trading | ||
Aditya Birla Global Trading |
| 100% |
The Aditya Birla Group operates across 36 countries in Asia, Europe, Africa, and the Americas. [12]
Metal: In 2007, Hindalco acquired Atlanta-based aluminum manufacturer Novelis Inc. for $6 billion. [47] This made Hindalco the world's largest aluminum rolling company and a major producer of primary aluminum in Asia. [48] [49] Its subsidiary, Birla Copper, operates Asia's largest single-site copper smelter. [50]
Cement: The group is the third-largest cement producer globally (excluding China) and the largest in India. [51] It operates under the brand name UltraTech Cement. [52]
Textiles: Aditya Birla Textiles consists of Textiles (linen and wool), acrylic fiber, and overseas spinning sectors, with manufacturing units across five countries. Its acrylic fibre business has a capacity of about 125,000 tonnes. [53]
Carbon Black: Birla Carbon produces and supplies carbon black additives for tires, plastics, paints, and electronics. [54] It has manufacturing units in Marietta and Taloja. [55]
Chemicals: Established in 1984, Aditya Birla Chemicals produces chlor-alkali and caustic soda, with 8 units in India and 1 in Thailand. [56]
Financial Services: Aditya Birla Capital manages around Rs. 3.6 trillion AUM and has a lending book of about Rs. 943 billion as of 31 March 2023, through its subsidiaries and joint ventures. [57]
Fashion and Retail: A fashion and lifestyle company headquartered in India, Aditya Birla Fashion and Retail Ltd. (ABFRL) was renamed from Pantaloons in 2015 after Aditya Birla Nuvo acquired major stakes in 2012. [58]
Insulators: Aditya Birla Insulators is India's largest and the world's third-largest insulator manufacturer. [59]
Renewables: Aditya Birla Renewables is a joint venture between Birla Group and Abraaj, with Birla holding 51% and Abraaj 49%. [60] It operates 2.3 GW renewable capacity in 9 Indian states and announced 4.5 GW by FY2026 through utility and commercial projects. [61]
Mining: The group has mineral resource operations through its subsidiary Essel Mining Industries Ltd. [62]
Telecom: The group has a presence in the telecom sector through its joint venture, Vodafone Idea. [63]
Besides these sectors, the group has also ventured into paints, e-commerce for building materials, and DTC retail via TMRW. [64]
The Aditya Birla Group's welfare-driven activities are overseen by the Aditya Birla Centre for Community Initiatives and Rural Development, which is chaired by Rajashree Birla. [65] [66] The group's corporate social responsibility initiatives focus on healthcare, education, sustainable livelihood programs, infrastructure development, and social reforms through model villages. [67]
The group implemented programs in partnership with NGOs and government agencies, including the Aditya Birla Public Health Initiative, and Project Unnati. [68]
The group operates 24 hospitals and runs 6,000 medical camps in India. [69] [70]
Kumar Mangalam Birla and his family ranked fourth on the EdelGive Hurun India Philanthropy List in 2021 and 2022, [71] [72] donating INR 377 crore and INR 242 crore respectively. [73] [74] The Aditya Birla Group donated INR 500 crore to the PM CARES Fund in 2020. [75] In 2019, Kumar Mangalam Birla created a £15mn scholarship program at the London Business School in memory of his grandfather, Basant Kumar Birla. [76]
The group accesses government schemes like the Sarva Shiksha Abhiyan, MGNREGA, Pradhan Mantri Gram Sadak Yojana, [77] Pradhan Mantri Awas Yojana, National Rural Livelihood Mission (NRLM), [78] Swachh Bharat Mission, [79] National Rural Drinking Water Program, Pradhan Mantri Kaushal Vikas Yojana, [80] Renewable Energy Development Program, Integrated Child Development Services, National TB Elimination Program and Swarnjayanti Gram Swarojgar Yojana. [68] [81]
The Birla family is an Indian business family connected with the industrial and social history of India.
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