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How Aditya Birla Group has impacted India & the world - SCMHRD

Jul 15, 2019 | 2 minutes |

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ABGFounded in 1857 by Seth Shiv Narayan Birla, Aditya Birla Group (ABG) is the third-largest Indian private sector conglomerate with a revenue of US$44.3 billion in the year 2018. Although the headquarters of the prestigious company are in Worli, Mumbai, ABG has made its presence felt worldwide with the huge range of products in its offering. Ranging from viscose staple fibre, metals, cement, branded apparel, IT services and what not, it’s hard to come across a product that has not been associated with ABG in any way.          Aditya Birla Fashion and Retail Ltd. (ABFRL) is consolidated from Madura Fashion and Lifestyle and Pantaloons Fashion and Retail. It is India’s no. 1 Fashion lifestyle entity with over 6000 points of sale across 200 cities of India.  Coveted brands like Peter England, Allen Solly, Van Heusen and Louise Phillipe belong to none other than Aditya Birla Group. The names of these brands are enough to make a good number of people flock to the malls.          Hindalco Industries being one of the subsidiaries of ABG primarily looks into the non-ferrous metals’ business. With its manufacturing locations primarily situated in India, it owns mines in Great Sandy Desert, Australia. In 2007, the company acquired the Canadian company Novelis for US $6 billion, which resulted in making the combined entity the world’s largest rolled-aluminium producer.          As far as the cement business is concerned, the two entities Grasim Industries and UltraTech Cement merged into one, making it India’s largest cement company.          Having a strong hold on varied financial sectors like life insurance, asset management, lending, wealth management and distribution, Aditya Birla Capital is the umbrella brand for all the financial services business of the Aditya Birla Group.          Aditya Birla Group is also the largest manufacturer of carbon black in the world.          With effective services rendered by ABG in innumerable sectors not only in India but also abroad, it is surely a force to reckon with in the times to come as well.