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Aditya Birla Group
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Aditya Birla Group
Aditya Birla Group is an Indian multinational conglomerate headquartered in Mumbai. The group's business interests include metals, cement, fashion and retail, financial services, renewables, fibre, textiles, chemicals, real estate, trading, mining, and entertainment. The group has a presence in 42 countries and a combined annual revenue of US$70 billion, over 50% of which is derived from its overseas operations.
Aditya Birla Group has seven companies that are listed publicly, and their total market capitalisation as of March 2024 is over $100 billion. Notable group companies include UltraTech Cement, Hindalco, Novelis, Grasim, Aditya Birla Capital, Aditya Birla Fashion and Retail and Vodafone Idea.
The group has its origins in a cotton trading business started by Shiv Narayan Birla in 1857 in Pilani, Rajasthan. His grandson G. D. Birla later expanded the family's trading business to jute, cotton, and textiles, and established multiple manufacturing businesses that laid the foundation for the Aditya Birla Group. He was noted for his connection with Mahatma Gandhi.
Aditya Vikram Birla, the grandson of G.D. Birla, began establishing the group's businesses abroad. In 1969, he founded companies in Thailand, Malaysia, Indonesia, Philippines, and Egypt. Under his leadership, the group diversified into metals, cement, textiles, and telecom.
Kumar Mangalam Birla became the chairman of the Aditya Birla Group in 1995 after the death of his father Aditya Vikram Birla.
The group entered the cement business through a hostile takeover of Larsen & Toubro's cement business between 2001 and 2004. The business was renamed UltraTech Cement.
In 2007, group company Hindalco Industries acquired Novelis, a producer of flat-rolled aluminium products, for $6.1 billion.
In 2008, the group's telecom arm Idea Cellular acquired Spice Communications for $1.8 billion.
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Aditya Birla Group
Aditya Birla Group is an Indian multinational conglomerate headquartered in Mumbai. The group's business interests include metals, cement, fashion and retail, financial services, renewables, fibre, textiles, chemicals, real estate, trading, mining, and entertainment. The group has a presence in 42 countries and a combined annual revenue of US$70 billion, over 50% of which is derived from its overseas operations.
Aditya Birla Group has seven companies that are listed publicly, and their total market capitalisation as of March 2024 is over $100 billion. Notable group companies include UltraTech Cement, Hindalco, Novelis, Grasim, Aditya Birla Capital, Aditya Birla Fashion and Retail and Vodafone Idea.
The group has its origins in a cotton trading business started by Shiv Narayan Birla in 1857 in Pilani, Rajasthan. His grandson G. D. Birla later expanded the family's trading business to jute, cotton, and textiles, and established multiple manufacturing businesses that laid the foundation for the Aditya Birla Group. He was noted for his connection with Mahatma Gandhi.
Aditya Vikram Birla, the grandson of G.D. Birla, began establishing the group's businesses abroad. In 1969, he founded companies in Thailand, Malaysia, Indonesia, Philippines, and Egypt. Under his leadership, the group diversified into metals, cement, textiles, and telecom.
Kumar Mangalam Birla became the chairman of the Aditya Birla Group in 1995 after the death of his father Aditya Vikram Birla.
The group entered the cement business through a hostile takeover of Larsen & Toubro's cement business between 2001 and 2004. The business was renamed UltraTech Cement.
In 2007, group company Hindalco Industries acquired Novelis, a producer of flat-rolled aluminium products, for $6.1 billion.
In 2008, the group's telecom arm Idea Cellular acquired Spice Communications for $1.8 billion.