When Kumar Mangalam Birla took over as a 28-year-old inexperienced head of the Aditya Birla group in 1995, not many had expected the scion to break all records in terms of market value, revenue and profit in the next 20 years.
Today, under Birla, 47, the Aditya Birla group is a $40 billion conglomerate with 120,000 employees and is the only Birla group in manufacturing that survived the liberalisation of 1991.
Since his takeover of the group named after his father, Birla made sure that the only way to grow was through mergers and acquisitions across businesses.
Hence, be it telecom, commodities or the retail business, the group took over a clutch of companies in India and abroad - adding to family wealth though it is unlisted Essel Mining & Industries, which accounts for a substantial part of Birla's personal net worth, estimated by Forbes at $9.2 billion last September.
ABG group had been a driving factor for building the house my grandfather and father dreamt of-for says,months and years.Thank you ABG!!!!!
Aditya Birla Group is one of the shining stars of all the Indian conglomerates which have made a significant impact on a worldwide stage. It has such wide range of its operations in the whole world that it is spread across 35 countries with more than 120,000 employees worldwide with a revenue of approximately US$44.3 billion in year 2018. However, ABG is not only about making money but it also adheres itself towards sustainable development of the weaker sections of society and up heaving the country’s human development index. It has also set high standards for its Corporate Social Responsibility (CSR) by diligently contributing to the social and economic aspects of the fragile sections of the society. So, in many ways it has not only marked a huge impression globally but also helped in assisting many lives and my life is one among them.
