Saheli Majumdar_IMI New Delhi
The Aditya Birla Group, one of the premier business conglomerate of India. Starting as a Jute Manufacturing Company in 1919, slowly but steadily it developed into a leading multi-product corporation, thus extending its stretch over a wide range of sectors. Its activities spread over like India, Thailand, Laos, Indonesia, Philippines, Egypt, China, Canada, Australia, USA, UK, Germany, Hungary, Brazil, Italy, France, Luxembourg, Switzerland, Malaysia and Korea. Mr. Kumar Mangalam Birla is the Chairman of the Aditya Birla Group. Its product line includes manufacturing of cement, jute goods, PVC floor covering, textiles, telecommunications, BPO and software services etc. The Group's non-ferrous metals' business is under Hindalco Industries. 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. The Aditya Birla Group is the world's largest producer of Viscose staple fibre. 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 which it acquired from Future Group. Aditya Birla Capital (ABC) is the umbrella brand for all the financial services business of The Aditya Birla Group. ABFSG ranks among the top 5 fund managers in India (including LIC). Having a strong presence across the life insurance, asset management, lending (excluding Housing), housing finance, equity & commodity broking, wealth management and distribution, online money management portal—Aditya Birla Money MyUniverse, general insurance advisory and private equity and health insurance businesses are some of the other domains that ABG is currently thriving on.
