Aditya Birla Group is an Indian
multinational
conglomerate, headquartered in Worli, Mumbai, India.[5][6] It operates in 35 countries with more than 120,000 employees worldwide.[7] The group was founded by Seth Shiv Narayan Birla in 1857. The group has interests in viscose staple fibre, metals, cement (largest in India), viscose filament yarn, branded apparel, carbonblack, chemicals, fertilisers, insulators, financial services, telecom, BPO and IT services.
The group had a revenue of approximately US$44.3 billion in year 2018.[3][8] It is the third-largest Indian private sector conglomerate behind Tata Group with revenue of just over US$100 billion and RIL with revenue of US$74 billion.
The Group's non-ferrous metals' business is under Hindalco Industries.[9] Its manufacturing locations are primarily in India and it owns mines in Great Sandy Desert, Australia near Nifty Airport called Birla Nifty Copper Operation (Nifty Copper Mine). On 11 February 2007, the company entered into an agreement to acquire the Canadian company Novelis for US$6 billion,[10] making the combined entity the world's largest rolled-aluminium producer. On 15 May 2007, the acquisition was completed with Novelis shareholders receiving $44.93 per outstanding share of common stock. The Group plans to close a part of its aluminium foil making mill in UK and shift that to its plant near Nagpur.[11][12]
Hindalco makes alumina chemicals, primary aluminium, rolled products, alloy wheels, roofing sheets, wire rods, cast copper rods, copper cathodes and several other product
The Group's cement business was earlier under Grasim Industries and UltraTech Cement. The two entities have now been merged into UltraTech Cement to form India's largest cement company. UltraTech Cement was acquired from L&T in 2004.
After purchasing Columbian Chemicals Co.[14][15] the Group is now the largest manufacturer of carbon black worldwide
The Aditya Birla Group is the world's largest producer of Viscose staple fibre.[17] It operates from India, Laos, Thailand, Malaysia and China. It owns the Birla Cellulose[18][19]brand. Apart from viscose staple fibre, the group also owns acrylic fibre business in Thailand, viscose filament yarn businesses and spinning mills in India and South East Asia. The group has pulp and plantation interests in Canada and Laos. It also owns the Domsjö factory in Sweden which exports viscose today. The Swedish government is hoping to negotiate further investments in Sweden, in particular in the hyper-modern future biorefinery in the city of Örnsköldsvik.[20] Its two companies i.e. Aditya Birla Nuvo Ltd and Grasim Bhiwani Textiles Ltd which is a subsidiary of Grasim Industries are in textile business. Grasim Industries was recently placed 154th in a list of the world’s best regarded firms compiled by Forbes
Aditya Birla Group sells in-house and other branded apparel via brick-and-mortar and online stores. The group's firm Aditya Birla Fashion & Retail Ltd sells in-house brands such as Louis Philippe, Allen Solly, Van Heusen, Peter England and People via their individual brand stores and through other multi brand outlets. It operates a multi brand fashion retail chain Pantaloons [22] which it acquired from Future Group.[23] Also acquired exclusive online and offline rights to American fast fashion retailer Forever 21 in India.[24] [25] The group ventured into niche target and select portfolio apparel in October 2015 with Abof.[26] However the group decided to shut ABOF citing non profitability of eCommerce secto