Kumar Mangalam Birla was born on June 14, 1967 in a Marwari family. His father Aditya Vikram Birla was a well-known businessman. He studied at Sydenham College of Commerce. After this he did B.Com from University of Bombay and then went to London to do MBA. Also he did CA. Due to the untimely demise of his father in 1995, he had to take charge of the group. At an early age, a lot of responsibility fell on his shoulders, but he handled it well. After becoming the chairman of Aditya Birla Group, he made many changes in the group and spread business in many sectors.
30 times increased turnover
He is the chairman of the boards of all the major group companies in India and abroad. These include Novelis Inc., Birla Carbon, Aditya Birla Chemicals, Domsjö Fabriker, Terrace Bay Pulp Mill, Hindalco Industries Ltd., Grasim Industries Ltd., UltraTech Cement Ltd., Aditya Birla Fashion and Retail Ltd. and Aditya Birla Capital Ltd. In 28 years, he took the group to great heights. During this period the turnover of the group has increased more than 30 times. Today the turnover of Aditya Birla Group is more than $60 billion.
In the last 28 years, the Birla Group has acquired over 40 companies in India and abroad, a record for any Indian multinational company. These include the acquisition of Novelis. This is the second largest acquisition by an Indian company. Today many companies of Aditya Birla Group are leaders in their sector. This includes cement, chemicals, metals, textiles, fashion and financial services. Today, more than 140,000 employees from 100 countries work in this group. According to the Bloomberg Billionaire Index, Kumar Mangalam Birla’s net worth is $11 billion. He is 11th in the list of India’s rich and 174th in the world.
Chancellor of BITS
Under his leadership, Aditya Birla Group was awarded the title of Best Employer by Forbes in 2020. Prior to that, in 2018, AON-Hewitt had declared the group as India’s Best Employer. Birla has also been a part of several regulatory and professional boards outside the group. He has been a director on the Central Board of Directors of the Reserve Bank of India. Along with this, he has also been in the Prime Minister’s Advisory Council on Trade and Industry. Also he is associated with educational institutions. Kumar Mangalam Birla is the Chancellor of Birla Institute of Technology & Science (BITS). It has campuses in Pilani, Goa, Hyderabad and Dubai.
Source: navbharattimes.indiatimes.com
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