Yash Birla Group

Last updated

The Yash Birla Group
Company typePublic company (BSE:  500335)
Industry Conglomerate
Founded1980s;43 years ago (1980s)
FounderRaja Baldeo Das Birla
Headquarters
Mumbai
,
India
Area served
Worldwide
Key people
 Yashovardhan Birla (Chairman) [1]
ProductsSteel, Information technology, Education, Textiles, Publication, Lifestyle, Travel & Power, Financial service, Infrastructure,
Revenue₹30 billion (US$360 million) [2]
Number of employees
3,363 (2010)
Subsidiaries Melstar Information Technologies, Birla Shloka Edutech [3] [4]
Website yashbirlagroup.com

Yash Birla Group is Indian industrial conglomerate group based in Mumbai, Maharashtra. [5] Its chairman Yashovardhan Birla, is a member of the Birla family. The group has diversified interest in industries like steel pipes, machine tools, cutting tools, tool holders, iron castings, power solution[ buzzword ] products, multipurpose engines pumps, electrical appliances, textiles, carpets, furnishing, lifestyle, infotech, publication, travel, electricity, property development, cotton ginning etc. [6] The Group traces its origins to the businesses started by various members of the Birla family. The group today has 10 publicly listed subsidiaries in India. [7] [8] [9] [10] [11] The group is currently facing major financial and legal bottlenecks. [11] [4] [3] [12]

Contents

In June 2013, the group was declared a NPA account for non payment of dues. Further in 2016, UCO Bank also published a notice indicating Birla as defaulter. On 16 June 2019, he was declared wilful defaulter by the bank with outstanding dues of over 67 crores. [13] `

Subsidiaries

Zenith Birla (India) Ltd: Zenith Birla (India) Limited was incorporated in 1960, and commenced its commercial production in 1962. ZBIL, a flagship company of Yash Birla Group, is a pioneer in Manufacture and Exports of Steel Pipes, Tubes, and Hollow Sections from India. The Company's plants are located at Khopoli, Tarapur & Murbad. The Khopoli Plant has a complete Manufacturing and Residential complex for its employees with facilities of School, Club House, Guest House, Temple and Auditorium. [14] [15] [16]

See also

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References

  1. ↑ "Yash Birla group plans to set up 200 schools". The Hindu Business Line. 8 May 2009. Retrieved 9 January 2011.
  2. ↑ "Yash Birla Group to invest Rs 5,500 cr in power, lifestyle". Business Standard India. Business-standard.com. 18 March 2010. Retrieved 9 January 2011.
  3. 1 2 Yash Birla slapped with Rs 2-crore cheating case
  4. 1 2 Birla Power Solutions Ltd. - FD Interest
  5. ↑ "The Yash Birla Group". The Yash Birla Group. 29 January 2009. Retrieved 9 January 2011.
  6. ↑ Lenders file suits against Birla Power for payment defaults - Economic Times
  7. ↑ "BSE - Scrip Search". www.bseindia.com. Archived from the original on 25 October 2008.
  8. ↑ Yash Birla Group companies in deep trouble? - Moneylife
  9. ↑ How to get your money back from Yash Birla group companies - Moneylife
  10. ↑ zenith birla Complaints
  11. 1 2 Yashovardhan Birla resigns from boards of four listed group companies - Economic Times
  12. ↑ Yash Birla firm faces Rs 1,000-cr loan recall | Business Standard
  13. ↑ Tanwar, Sangeeta (17 June 2019). "A flamboyant Indian industrialist is now chased by a bank his ancestor founded". Quartz India. Retrieved 18 June 2019.
  14. ↑ "Home". yashbirlagroup.com.
  15. ↑ Yash Birla Group set to re-establish appliances biz - The Economic Times
  16. ↑ The Hindu : Andhra Pradesh / Hyderabad News : Yash Birla group forays into education
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