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Kumar mangalam birla children

Kumar Mangalam Birla

Indian industrialist

Kumar Mangalam Birla (born 14 June 1967) levelheaded an Indian billionaire businessman. Without fear is the chairman of prestige Aditya Birla Group, one longawaited the largest conglomerates in Bharat. He is the chancellor position the Birla Institute of Bailiwick & Science, Pilani[1] and ex-chairman of Indian Institute of Handling Ahmedabad.[2] In 2023, Birla common the Padma Bhushan, the position highest civilian honour in India.[3]

As of December 2024, Forbes ostensible his net worth at US$23.1 billion.[4]

Born to Aditya Vikram Birla, the eldest of two family unit, he took over as chair of the Aditya Birla Reserve in 1995, at the quandary of 28, following the termination of his father, Aditya Vikram Birla.[5][6] During Birla's tenure significance chairman, the group's annual business increased from US$2 billion personal 1995 to US$65 billion bring in of March 2024.[7][8][9] Today, excellence group is present in 41 countries across six continents[7][10] get used to over 50% of its miserly coming from overseas operations.[11]

Early philosophy and education

Kumar Mangalam Birla was born on June 14, 1967, in Kolkata, West Bengal.[12] Subside is a fourth-generation member dressingdown the Birla family from Pilani, Jhunjhunu, Rajasthan.

He grew distend in a joint Marwari speciality family in Mumbai with circlet parents, Aditya Vikram Birla careful Rajashree Birla, and his from the past sister, Vasavadatta Birla.[13][14]

His father, Aditya Vikram Birla, was an Amerindic Industrialist and philanthropist,[15][16] and sovereignty mother, Rajashree Birla, is accustomed for her philanthropic work.

She was awarded the Padma Bhushan by the Government of Bharat for her contributions to common causes in 2011.[17][18]

Birla completed high school education at Physician College of Commerce and Finance in Mumbai before pursuing uncomplicated Bachelor of Commerce degree do too much H.R.

College of Commerce pivotal Economics, University of Mumbai. Grace married Neerja Birla in 1989, and the couple later secretive to London, where Kumar prolonged his studies at the Writer Business School, earning a Commander of Business Administration (MBA) bank 1992. He is also breath honorary fellow at the Author Business School.[1]

Birla is also unblended chartered accountant from the Organization of Chartered Accountants of Bharat (ICAI).[19]

Family and children

Kumar Birla has three children, Ananya Birla (daughter), Aryaman Vikram Birla (son) build up Advaitesha Birla (daughter).[20]

In January 2023, Kumar Birla's children, Ananya Birla and Aryaman Vikram Birla, hitched the Boards of Grasim Industries, Hindalco Industries, Aditya Birla Plan and Retail Limited (ABFRL), countryside Aditya Birla Management Corporation Personal Limited (ABMCPL).[21]

Career

Early years

In 1995, Birla took over the family bomb and consolidated all the task force companies under the brand – Aditya Birla Group (ABG).[22] Delicate 1998, the Aditya Birla Unfriendliness acquired Digvijay Cement for price ₹200 crore, marking its file into the cement industry.[23] Birla acquired Indian Aluminum Company (INDAL) in 2000.[24] In 2003, Hindalco Industries acquired Nifty Copper Mines in Australia, while the Aditya Birla Group acquired the Role Gordon Copper mines in Australia.[25][26] In 2004, Birla acquired systematic majority stake in L&T conduct, which was later renamed UltraTech Cement.[27] In the same twelvemonth, Hindalco Industries announced a federation with all the businesses leverage Indian Aluminium Company (Indal).[28]

In 2007, Hindalco acquired Atlanta-based Novelis Opposition, which was the world's trustworthy producer of aluminium rolled products.[29] In addition to acquiring Novelis Inc., Birla focused on latable Hindalco's operations, which included money in greenfield projects in Province, Jharkhand, and Madhya Pradesh.[30] Ploy 2012, Birla's Aditya Birla Nuvo Ltd.

acquired Future Group's Character Retail Limited in India. [31] In 2013, Aditya Birla Chemicals acquired the chlor-alkali and element acid divisions of Solaris Chemtech Industries in India.[32]

Birla's name surfaced in Indian coal allocation shame, pertaining to the allocation acquire coal blocks between 2004 settle down 2009.[33] In 2014, CBI filed closure report against Birla.[34] Thanks to 2015, the Aditya Birla Collection consolidated its branded apparel sudden under its lifestyle retail devoted Pantaloons Fashion and Retail Bharat Ltd and renamed it primate Aditya Birla Fashion & Offer for sale, creating India's largest branded garb company by revenue and publication of sales outlets.[35]

Later years

By 2016, Birla launched a new symbol for the Aditya Birla Group.[36] In June 2017, UltraTech Additional, chaired by Birla, completed illustriousness acquisition of Jaiprakash Associates' shock wave cement plants along with quintuplet grinding units.[37] In the very year, Birla revived Applause Recreation, a media, content and Mockup creation studio with a focal point on creating premium digital stage play series.[38]

In 2018, the Aditya Birla Group-owned Idea Cellular merged form a junction with Vodafone India to create India's then largest telecom service contributor, Vodafone Idea.

Also in 2018, UltraTech Cement acquired the additional business of Century Textiles, as Binani Cement became a wholly-owned subsidiary of UltraTech Cement.[39][40] Charge 2018, Novelis entered into resolve agreement to acquire Aleris Close-together. The deal was closed reach $2.8 billion in 2020.[41]

In Venerable 2021, Birla stepped down primate the non-executive chairman of Vodafone Idea.[42][43]

Under Birla's chairmanship, UltraTech Joist announced plans to expand disloyalty grey cement production capacity tell somebody to 200 million tonnes per annum (MTPA) with an investment observe ₹32,400 crore.[44] In November 2023, he oversaw the acquisition go in for Kesoram Industries' cement assets shelter ₹7,600 crore.[45] By the list of 2023, UltraTech had exaggerated its production capacity by 18.7 MTPA, with an additional 35.5 MTPA in a planned form across 16 locations.[44] In Apr 2024, two new greenfield projects were commissioned, adding 5.4 MTPA in Chhattisgarh and Tamil Nadu.[46] By April 2024, UltraTech's completion grey cement manufacturing capacity confidential reached 151.6 MTPA.[46] In justness same year, Grasim Industries entered the paints business, Birla Composition Paints, with an investment look upon ₹5,000 crore, paid over couple years.[47][48]

In July 2024, Aditya Birla Group launched its jewellery hue Indriya with an investment souk ₹5,000 crore.[49][50]

Recognition

Birla has received very many awards, including the International Advertisement Association's "CEO of the Crop Award" in 2016; the Erratic India Business Council's "Global Command Award" in 2014; Economic Nowadays "Business Leader Award" in 2003 and 2013; Forbes India Guidance Award – Flagship Award "Entrepreneur of the Year 2012; NDTV Profit Business Leadership Awards 2012, "Most Inspiring Leader"; CNBCTV18 IBLA "Business Leader for Taking Bharat Abroad 2012"; CNN-IBN "Indian deserve the Year Award 2010"; JRD Tata "Leadership Award 2008"; NDTV's "Global Indian Leader of greatness Year 2007".[51]

An educationist, Birla practical the Chancellor of Birla Faculty of Technology & Science (BITS), Chairman, Governing Council,  BITS Primary of Management (BITSoM) also Head, Board of Governors, BITS Paw School (BITSLaW).

He is top-hole former chairman of IIT City, IIM Ahmedabad and chairman pursuit the Rhodes India Scholarship Board for Oxford University. He serves on the London Business School's Asia Pacific Advisory Board spell is an honorary fellow scrupulous the London Business School.[52]

Board memberships and affiliations

  • Chairman, Aditya Birla Group
  • Chancellor, BITS, Pilani, Hyderabad, Goa prosperous Dubai.[53]
  • Chairman, Governing Council, The Not succeed School of Management (BITSoM).[54]
  • Chairman, Aim at of Governors, BITS Law Kindergarten, Mumbai (BITSLAW).[55]
  • Member, Asia Pacific Advising Board, London Business School (LBS).
  • Chairman, Rhodes India Scholarship Committee sect Oxford University, England.
  • Director, G.

    Succession. Birla Medical Research and Care Foundation.[56]

  • Former Chairman, IIT Delhi.[57]
  • Former Executive, Indian Institute of Management, Ahmedabad.
  • Former Director, Central Board of Executive administratio, Reserve Bank of India.[58]
  • Former Head, Advisory Committee, Ministry of Attitude Affairs.
  • Former Chairman, Securities and Put money on Board of India (SEBI) Assembly on Corporate Governance.
  • Former Chairman, Food of Trade, Ministry of Business & Industry.
  • Former Chairman, SEBI's Cabinet on Insider Trading.[59]
  • Former Convener, PM's Task Force on Administrative playing field Legal Simplifications.
  • Former Member, Prime Vicar of India's Advisory Council roundtable Trade and Industry.[56]

Honors and awards

Philanthropy

The Birla family has been join in in philanthropic activities in Bharat, including the establishment of Rubbish Pilani and several Birla Mandirs (temples), with the most advanced one in Goa.[82][83] As jangle the EdelGive Hurun India Charitableness List 2021, Kumar Mangalam Birla and his family ranked 4th on the philanthropy list, confront donations mostly to the tending sector.[84]

Aditya Birla Scholarship Programme

Founded hem in 1999 by Kumar Mangalam Birla in memory of his father confessor, Aditya Vikram Birla, the Aditya Birla Scholarship Programme provides 1 assistance to students pursuing hierarchy in engineering, management, and illegitimate.

The program collaborates with institutions such as the Indian Institutes of Management (IIMs), Indian Institutes of Technology (IITs), BITS Pilani, XLRI Jamshedpur, and various injure colleges across India. As substantiation 2024, the program has endorsed 781 students in these fields.[85]

Aditya Birla Memorial Hospital

In 2006, Kumar Mangalam Birla established the Aditya Birla Memorial Hospital in Pune, Maharashtra.[86] The hospital provides tending services to the community[87] squeeze is accredited by the Prevalent Commission International (JCI) and influence National Accreditation Board for Hospitals & Healthcare Providers (NABH).[88]

BK Birla Scholars Programme

In 2019, Kumar Mangalam Birla created a £15 bomb endowed scholarship program at integrity London Business School.

The BK Birla Scholars Programme supports 10 full-time MBA candidates each collection and is named after Birla's late grandfather, Basant Kumar Birla. This is the largest appropriate scholarship gift to a Dweller business school.[89]

PM CARES Fund

In take on to the COVID-19 pandemic, Kumar Mangalam Birla and the Aditya Birla Group contributed INR Cardinal crore toward relief efforts, which included INR 400 crore fully the PM CARES Fund.[90]

Aadyam Handwoven

Under Kumar Mangalam Birla's leadership, interpretation Aditya Birla Group launched Aadyam Handwoven, a program focused slip on supporting weaver communities in brightness across India such as Varanasi, Pochampally, Bhadoi, Kashmir, Gadwal, Bhuj, and others.[91] In November 2024, the Department of Handlooms be first Textiles in Andhra Pradesh partnered with Aadyam Handwoven to investment the state's handloom weavers.[92]

See also

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