Aditya Birla Group

The Aditya Birla Group (ABG) is an Indian multinational Fortune 500 company headquartered in Mumbai, Maharashtra.[5] The group has a presence in 36 nations.[6] As of 2023 the company is worth $60 billion[7] and derives over 50% of its revenue from its global operations.[8]

Aditya Birla Group
TypeCorporate group
IndustryConglomerate
Founded1857 (1857)[1]
FounderShiv Narayan Birla
HeadquartersMumbai, Maharashtra, India
Area served
Worldwide
Key people
Kumar Mangalam Birla (Chairman)[2]
Sushil Agarwal (Group CFO)[3]
Dr. Santrupt Misra (Group director)
Products
RevenueIncrease US$60 billion[1] (2022)
OwnerKumar Mangalam Birla
Number of employees
140,000 (2022)[4]
Subsidiaries
Websitewww.adityabirla.com

The group's industries include metals, cement, fashion and retail, financial services, renewables, fibre, textiles, chemicals, real estate, trading, mining, and entertainment.[7]

ABG has seven companies that are listed publicly, and their total market capitalisation as of March 2022 is over $70 billion. The companies include UltraTech Cement, Hindalco, Novelis, Grasim, Aditya Birla Capital, and Aditya Birla Fashion and Retail.[9][10]

History

It is one of India's largest corporate houses operating in 26 countries – India, Germany, the United Kingdom, Brazil, Italy, Hungary, United States, Canada, France, Australia, Egypt, Luxembourg, Philippines, the United Arab Emirates, Switzerland, Singapore, Myanmar, China, Thailand, Laos, Bangladesh, Indonesia, Malaysia, Bahrain, Vietnam and South Korea.[11] The company is majorly engaged in the business of non-ferrous metals, viscose filament yarn, viscose staple fiber, cement, fertilizers, chemicals, branded apparel, carbon black, sponge iron, telecom, IT services, financial services, insulators, and business process outsourcing.[11]

Units and investment areas

Non-ferrous metals
Main articles: Hindalco and Novelis

Cement
Main article: UltraTech Cement

Textile and fibres
Main article: Grasim Industries

The organization operates from India, Indonesia, Laos, Thailand, Malaysia and China. Apart from viscose staple fibre, the group also owns acrylic fibre business in Thailand, viscose filament yarn businesses and spinning mills in India and Southeast Asia. The group has pulp and plantation interests in Canada and Laos. It also owns the Domsjö factory in Sweden which exports viscose. 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.[12]

Fashion
Main article: ABFRL

Telecom services
Main article: Vodafone Idea

The Aditya Birla group owns 27.4% of the mobile network operator Vodafone Idea, branded as Vi.[13]

Idea Cellular was started as a joint venture of Aditya Birla Group with AT&T and the Tata Group, which was widely also known as BATATA (Birla+AT+Tata).[14] The company is headquartered in Mumbai. In August 2019, Idea Cellular merged with Vodafone India.[15]

Aditya Birla Capital

Aditya Birla Capital (ABC) is the umbrella brand for all the financial services business of the Aditya Birla Group. Birla Sun Life Asset Management is part of the group.

See also

References
  1. "Indian business families that are shifting control to their next generation". Business Standard. 7 February 2023.
  2. "Meet Kumar Mangalam Birla: A CA By Profession, Chairman Of Aditya Birla Group With Net Worth Of USD 13.2 Billion". TimesNow. 21 April 2023.
  3. Gaur, Vatsala (28 May 2019). "Sushil Agarwal elevated as Aditya Birla Group CFO". The Economic Times.
  4. "Birla kids to join board of group thinktank, fashion business". The Times of India. 31 January 2023.
  5. Das, Vipul (6 January 2023). "Aditya Birla Fashion & Retail to raise ₹500 Cr via NCDs". mint. Retrieved 9 May 2023.
  6. "Birla kids to join board of group thinktank, fashion business". The Times of India. 31 January 2023. ISSN 0971-8257. Retrieved 9 May 2023.
  7. "Biz cycles shortening, ensuring continuous reinvention a challenge before Aditya Birla Group: KM Birla". The Times of India. 24 January 2023. ISSN 0971-8257. Retrieved 9 May 2023.
  8. "Aditya Birla Group's revenue crosses Rs 2.5 lakh crore". Business Today. 31 August 2015. Retrieved 9 May 2023.
  9. "Birla, The Commodity King". Fortune India. Retrieved 9 May 2023.
  10. "Initiating Coverage Grasim Industries Ltd" (PDF). hdfcsec.
  11. "Aditya Birla Sun Life Mutual Fund – Asset Management Company in India". Suger Mint. 1 April 2020. Retrieved 27 April 2021.
  12. "12 Indian firms feature in Forbes' list of world's best companies". hindustantimes.com/. 2 October 2018. Retrieved 3 October 2018.
  13. "Vodafone Idea Limited Quarterly Report, 3rd quarter ended on December 31st, 2022" (PDF). Vodafone Idea Limited. Retrieved 13 March 2023.
  14. "From Batata and Hutch, it's been a long, eventful journey". 20 March 2017.
  15. "Idea-Vodafone say merger complete, now India's largest telco with 408 million active users". Retrieved 31 August 2018.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.