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$380 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

Related Research Articles

<span class="mw-page-title-main">National Stock Exchange of India</span> Indian securities marketplace

National Stock Exchange of India Limited (NSE) is one of the leading stock exchanges in India, based in Mumbai. NSE is under the ownership of various financial institutions such as banks and insurance companies. It is the world's largest derivatives exchange by number of contracts traded and the third largest in cash equities by number of trades for the calendar year 2022. It is the 7th largest stock exchange in the world by total market capitalization, as of January 2024. NSE's flagship index, the NIFTY 50, a 50 stock index is used extensively by investors in India and around the world as a barometer of the Indian capital market. The NIFTY 50 index was launched in 1996 by NSE.

Birla Corporation Limited is an Indian-based flagship company of the M.P Birla Group, founded by Ghanshyam Das Birla in the late 1910s and carried on by Madhav Prasad Birla.

<span class="mw-page-title-main">Aditya Birla Group</span> Indian multinational conglomerate

The Aditya Birla Group (ABG) is an Indian multinational conglomerate, headquartered in Mumbai. The group has a presence in 36 nations and a combined annual revenue of $75 billion, over 50% of which is derived from its overseas operations. The group's business interests include metals, cement, fashion and retail, financial services, renewables, fibre, textiles, chemicals, real estate, trading, mining, and entertainment.

<span class="mw-page-title-main">Larsen & Toubro</span> Indian multinational conglomerate company

Larsen & Toubro Limited, abbreviated as L&T, is an Indian multinational conglomerate, with interests in engineering, construction, manufacturing, technology, information technology, military and financial services. It is headquartered in Mumbai, Maharashtra.

<span class="mw-page-title-main">Kumar Mangalam Birla</span> Indian industrialist (born 1967)

Kumar Mangalam Birla is an Indian billionaire industrialist, philanthropist, and the chairman of the Aditya Birla Group, one of the largest conglomerates in India. He is the chancellor of the Birla Institute of Technology & Science, Pilani and ex-chairman of Indian Institute of Management Ahmedabad. According to Forbes, he has an estimated net worth of US$19.6 billion, as of March 2024 making him the 7th richest person in India.

<span class="mw-page-title-main">Aditya Birla Fashion and Retail</span> Indian clothing retail company

Aditya Birla Fashion and Retail Limited (ABFRL) is an Indian fashion retail company headquartered in Mumbai. It emerged after the consolidation of the branded apparel businesses of Aditya Birla Group, comprising ABNL's Madura Fashion division and ABNL's subsidiaries Pantaloons Fashion and Retail (PFRL) and Madura Fashion & Lifestyle (MFL), in May 2015. Post consolidation, PFRL was renamed Aditya Birla Fashion and Retail Ltd.

Future Group is an Indian conglomerate, founded by Kishore Biyani and based in Mumbai. The company is known in Indian retail and fashion sectors, operating supermarket chains Big Bazaar and Food Bazaar, lifestyle stores Brand Factory and Central, integrated foods and FMCG manufacturing sectors. Future Retail Limited and Future Lifestyle Fashions Limited are two operating companies whose assets are among the top retail companies listed in BSE, with market capitalization among the highest on the National Stock Exchange of India.

<span class="mw-page-title-main">Infrastructure Leasing & Financial Services</span> Infrastructure development and finance company headquartered in Mumbai, India

Infrastructure Leasing & Financial Services Limited (IL&FS) is an Indian state-funded infrastructure development and finance company. It was created by public sector banks and insurance companies.

<span class="mw-page-title-main">Lalit Jalan</span> Indian businessman

Lalit Jalan is the Advisor & former Chief Executive Officer of Reliance Infrastructure, part of the Reliance Anil Dhirubhai Ambani Group (ADAG), one of India's largest corporate houses. He is the Chairman of BSES Rajdhani Power Limited and BSES Yamuna Power Limited and serves as Director in several companies including Reliance Defence Ltd, which is associated with the Rafale deal between India and France.

Religare Enterprises Limited (REL) is an Indian investment and financial services holding company, headquartered in New Delhi. REL is listed on National Stock Exchange of India and Bombay Stock Exchange. It is registered with the Reserve Bank of India (RBI).

<span class="mw-page-title-main">Central Depository Services</span> Indian security depository

Central Depository Services (India) Ltd. (CDSL) is an Indian central securities depository, founded in 1999.

<span class="mw-page-title-main">Surya Roshni</span> Indian multinational manufacturer

Surya Roshni Limited is an Indian multinational company headquartered in Delhi that produces fans, steel, lighting, LED, kitchen appliances and PVC pipes. Surya exports its products over 44 countries and is one of the top manufacturers of LED lights in India.

CK Birla Group is an Indian multinational conglomerate headquartered in Birla Tower on Barakhamba Road, New Delhi, India. The group has been historically led by industrialists Braj Mohan Birla and Ganga Prasad Birla. The CK Birla Group has a presence in following sectors - technology, automotive, home and building, healthcare, and education. It incorporates a diverse range of entities, including Orient Electric, Orient Cement, HIL Limited, National Engineering Industries, Birlasoft, GMMCO, and Orient Paper & Industries. The company is currently headed by its chairman, C. K. Birla, who is a member of the Birla family.

<span class="mw-page-title-main">Aditya Birla Sun Life Asset Management</span> Indian investment company

Aditya Birla Sun Life Asset Management Company Ltd. (ABSLAMC), formerly known as Birla Sun Life Asset Management Company Limited, is an investment managing company registered under the Securities and Exchange Board of India. It is a joint venture between the Aditya Birla Capital of India and the Sun Life Financial Inc. of Canada. The company offers sector-specific equity schemes, fund of fund schemes, hybrid and monthly income funds, debt and treasury products and offshore funds.

<span class="mw-page-title-main">Karvy Corporate</span> Indian financial services company

Karvy Group is a financial services company in India. It was involved in financial services like equity, commodities trading, depository and wealth services and distribution of other financial products. It has its headquarters in Hyderabad. It also had branch offices outside India in Bahrain, Dubai, Malaysia, Philippines and the United States. Scams perpetrated during 2019 involving Karvy Stock Broking Limited(KSBL), a group company led to the filing of criminal cases against the Chairman and others. This led to the banning of KSBL by the regulator.

ICICI Prudential Life Insurance Company Limited is an Indian life insurance company in India. Established as a joint venture between ICICI Bank Limited and Prudential Corporation Holdings Limited, ICICI Prudential Life is engaged in life insurance and asset management business. In 2016, the company became the first insurance company in India to be listed in the domestic stock exchanges.

Birla Precision Technologies Limited is an Indian engineering company. Company established in 1937, leading in various fields.

Aavas Financiers, also known as Aavas, is a Jaipur based housing finance company known for providing home loans in the rural and semi-urban locations of India. Aavas is registered with National Housing Bank as a Housing Finance Company and was granted the license in August 2011.

India Grid Trust (IndiGrid) is an Indian power sector infrastructure investment trust (InvIT), sponsored by KKR & Sterlite Power (SPTL). Established on 21 October 2016, the entity is registered with SEBI pursuant to the InvIT regulations to own power transmission and renewable assets. Harsh Shah is the CEO and Director of IndiGrid and Jyoti Kumar Agarwal is the CFO.

RattanIndia, formerly RattanIndia Infrastructure Ltd, is an Indian company that is involved in the energy sector. The traditional focus of the company was on coal on thermal power, however more recently the company has expanded its scope, focusing more on emerging technologies and e-commerce.

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
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.