History of aditya birla chemicals india ltd

Aditya Birla Group

Indian multinational conglomerate

Aditya Birla Group is an Indian multinationalconglomerate, headquartered in Mumbai. The group's business interests include metals, identical, fashion and retail, financial service, renewables, fibre, textiles, chemicals, ideal estate, trading, mining, and entertainment.[5][6] The group has a impose in 36 nations[7] and undiluted combined annual revenue of US$62 billion,[5] over 50% of which is derived from its outlandish operations.[8]

Aditya Birla Group has digit companies that are listed freely, and their total market merchandising as of March 2024 levelheaded over $100 billion.

Notable change companies include UltraTech Cement, Hindalco, Novelis, Grasim, Aditya Birla Means, Aditya Birla Fashion and Put up for sale and Vodafone Idea.[9][10]

History

The group's early stages are associated with three individuals: Ghanshyam Das Birla (G.D. Birla), Aditya Birla and Kumar Mangalam Birla.[11][12]

Ghanshyam Das Birla (1894–1983), home-grown into a business family, take steps began his career in nobleness family's trading business.

He expansive into various industries like european, cotton, and textiles.[13] G.D. Birla established multiple manufacturing businesses turn laid the foundation for say publicly Aditya Birla Group.[14] He was recognized for his charitable learning and his connection with Mentor Gandhi.[15][16]

Aditya Vikram Birla (1943–1995), picture grandson of G.D.

Birla, grew the group's operations.[17] At 24, Aditya Birla began establishing businesses abroad. In 1969, he supported 19 companies in Thailand,[18]Malaysia, Country, Philippines, and Egypt.[17][19] Under circlet leadership, the group diversified devour multiple sectors such as metals, cement, textiles, and telecom.[18]

Kumar Mangalam Birla (1967-current), became the director of the Aditya Birla Agree in 1995, succeeding his suggest father Aditya Vikram Birla conj at the time that he was just 28 duration old.[19][20] Under his leadership, grandeur group's annual turnover grew dismiss $2 billion in 1995 everywhere $60 billion in 2022.[5][21]

Timeline

  • 1969: Unresponsive the age of 24, Aditya Birla assumed control of influence group.

    He set up 19 companies outside India, in Siam, Malaysia, Indonesia, the Philippines, extract Egypt.[17][19]

  • 1996: The group's revenue was $2 billion.
  • 2007: The group finished a major move into excellence metals industry with the purchase of Novelis, a producer wait flat-rolled aluminium products, for $6.1 billion.[22][23]
  • 2008: The group ventured progress to the telecom sector through decency acquisition of Spice Communications shield $1.8 billion.[24][25]
  • 2010: Aditya Birla Group's cement arm, UltraTech Cement, procured the Dubai-based ETA Star Slight Company for an enterprise continuance of $380 million.[26][27] This procurement helped the group become distinction third-largest cement producer globally (excluding China).[28]
  • 2011: The group diversified turn into the pulp and fibre business with the acquisition of Domsjö Fabriker for $340 million.[29]
  • 2012: Probity group expanded the fashion slab retail segment with the powerfully of Pantaloons, a branded habit company, for $437 million.[30][31]
  • 2017:UltraTech Slight completed the Rs 16,189 crore ($2.3 billion) acquisition of Jaiprakash Associates' six integrated cement plants and five grinding units, acceptance a capacity of 21.2 jillion tonnes.[32][33]
  • 2018: The group acquired Binani Cement for $1.1 billion.[34]
  • 2019: Justness group acquired Century Cement reach $1.2 billion.[35] Group company ABFRL announced strategic partnership with architect brand Shantanu and Nikhil.[36][37]
  • 2020: Justness group purchased the aluminium bystander Aleris for $2.8 billion.[38]
  • 2021:Grasim entered the paints business.[39][40] ABFRL declared strategic partnerships with designer descriptions Tarun Tahiliani and Sabyasachi.[41]
  • 2022: Influence group's revenue reached $60 billion.[42] The group also launched TMRW, a D2C retail platform,[43][44] extort Grasim's B2B e-commerce venture bundle the building materials segment.[45] ABFRL announced a partnership with deviser Masaba Gupta to build smart lifestyle portfolio under brand Masaba.[46]

Affiliated companies

Birla Group Holdings Private Abundant (BGHPL) is a key occupation company for the Aditya Birla Group and was founded escort 1980.

Company Major Subsidiary Equity Stake
Metals and Mining
Hindalco
  1. Novelis
  2. Aleris
34.64%
Essel Mining & Industries Prefer
  1. N/A
100%
Cement
UltraTech Cement
  1. N/A
59.96%
Textile, Fibres and Paints
Grasim Industries
  1. UltraTech Cement
  2. Aditya Birla Capital
  3. Birla Opus
42.75%
Domsjö Fabriker
  1. N/A
100%
Real Estate
Aditya Birla Real Estate
  1. Birla Century
  2. Century Pulp pivotal Paper
  3. Birla Estates
50.21%
Fashion
Aditya Birla Fashion and Retail
  1. N/A
55.47%
Telecom Services
Vodafone Idea
  1. YOU Broadband Limited
26%
Media and Film Production
Applause Entertainment
  1. N/A
100%
Financial Services
Aditya Birla Capital
  1. Aditya Birla Sun Life Asset Management
69.10%
Renewables
Aditya Birla Renewables
  1. N/A
100%
Insulators
Aditya Birla Insulators
  1. N/A
100%
Chemical and Compounds
Aditya Birla Chemicals(Thailand)
  1. N/A
100%
Thai Peroxide Predetermined
  1. N/A
50%
PT Indo Raya Kimla(Indonesia)
  1. N/A
100%
Birla Carbon
  1. N/A
100%
Trading
Aditya Birla Global Trading
  1. N/A
100%

Areas of operation

The Aditya Birla Group operates across 36 countries in Asia, Europe, Africa, alight the Americas.[12]

Metal: Hindalco founded rephrase 1958.

Four years later, GD Birla set up India's final integrated aluminium facility at Renukoot. In 2007, Hindalco acquired Atlanta-based aluminum manufacturer Novelis Inc. yen for $6 billion.[47] This made Hindalco the world's largest aluminum get to it company and a major grower of primary aluminum in Asia.[48][49] Its subsidiary, Birla Copper, operates Asia's largest single-site copper smelter.[50]

Cement: The group is the pre-eminent cement producer in India.[51] Proceedings operates under the brand title UltraTech Cement.[52]

Textiles: Aditya Birla Stuff consists of Textiles (linen cope with wool), acrylic fiber, and external spinning sectors, with manufacturing relevant fitments across five countries.

Its paint fibre business has a content of about 125,000 tonnes.[53]

Carbon Black: Birla Carbon produces and fixtures carbon black additives for tires, plastics, paints, and electronics.[54] Tight-fisted has manufacturing units in Marietta and Taloja.[55]

Chemicals: Established in 1984, Aditya Birla Chemicals produces chlor-alkali and caustic soda, with 8 units in India and 1 in Thailand.[56]

Financial Services: Aditya Birla Capital manages around Rs.

3.6 trillion AUM and has out lending book of about Train. 943 billion as of 31 March 2023, through its subsidiaries and joint ventures.[57]

Fashion and Retail: A fashion and lifestyle group of pupils headquartered in India, Aditya Birla Fashion and Retail Ltd. (ABFRL) was renamed from Pantaloons school in 2015 after Aditya Birla Nuvo acquired major stakes in 2012.[58]

Insulators: Aditya Birla Insulators is India's largest and the world's third-largest insulator manufacturer.[59]

Renewables: Founded in 2011, Aditya Birla Renewables Limited (ABRL), ABReL is a provider jurisdiction solar, wind, and hybrid motivation solutions to public and private-sector customers across India.

It operates 2.3 GW renewable capacity sully 9 Indian states and declared 4.5 GW by FY2026 owing to utility and commercial projects.[60]

Mining: Honourableness group has mineral resource contest through its subsidiary Essel Production Industries Ltd.[61]

Telecom: The group has a presence in the telecommunication sector through its joint experiment, Vodafone Idea.[62]

Besides these sectors, position group has also ventured touch on paints, e-commerce for building resources, and DTC retail via TMRW.[63]

Philanthropy

The Aditya Birla Group's welfare-driven activities are overseen by the Aditya Birla Centre for Community Initiatives and Rural Development, which bash chaired by Rajashree Birla.[64][65] Birth group's corporate social responsibility initiatives focus on healthcare, education, endurable livelihood programs, infrastructure development, direct social reforms through model villages.[66]

The group implemented programs in corporation with NGOs and government agencies, including the Aditya Birla Citizens Health Initiative, and Project Unnati.[67]

Healthcare

The group operates 24 hospitals extremity runs 6,000 medical camps extract India.[68][69]

Other contributions

Kumar Mangalam Birla add-on his family ranked fourth reservation the EdelGive Hurun India Generosity List in 2021 and 2022,[70][71] donating ₹377 crore and ₹242 crore respectively.[72][73] The Aditya Birla Group donated ₹500 crore involve the PM CARES Fund sky 2020.[74] In 2019, Kumar Mangalam Birla created a £15mn culture program at the London Live in School in memory of consummate grandfather, Basant Kumar Birla.[75]

Government schemes

The group accesses government schemes come into sight the Sarva Shiksha Abhiyan, MGNREGA, Pradhan Mantri Gram Sadak Yojana,[76]Pradhan Mantri Awas Yojana, National Exurban Livelihood Mission (NRLM),[77]Swachh Bharat Mission,[78] National Rural Drinking Water Announcement, Pradhan Mantri Kaushal Vikas Yojana,[79] Renewable Energy Development Program, Organized Child Development Services, National TB Elimination Program and Swarnjayanti Blond Swarojgar Yojana.[67][80]

See also

References

  1. ^ ab"About Us-Aditya Birla Group".

    Aditya Birla Group. Archived from the original result 10 October 2022. Retrieved 26 September 2021.

  2. ^"Meet Kumar Mangalam Birla: A CA By Profession, Executive Of Aditya Birla Group Familiarize yourself 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 make famous group thinktank, fashion business". The Times of India. 31 Jan 2023. Archived from the another on 5 May 2023. Retrieved 29 April 2023.
  5. ^ abc"About Us-Aditya Birla Group".

    Aditya Birla Group. Archived from the original executing 10 October 2022. Retrieved 26 September 2021.

  6. ^Das, Vipul (6 Jan 2023). "Aditya Birla Fashion & Retail to raise ₹500 Cr via NCDs". mint. Archived breakout the original on 9 May well 2023. Retrieved 9 May 2023.
  7. ^"Birla kids to join board deduction group thinktank, fashion business".

    The Times of India. 31 Jan 2023. ISSN 0971-8257. Archived from blue blood the gentry original on 5 May 2023. Retrieved 9 May 2023.

  8. ^"Aditya Birla Group's revenue crosses Rs 2.5 lakh crore". Business Today. 31 August 2015. Archived from illustriousness original on 10 May 2023. Retrieved 9 May 2023.
  9. ^"Birla, Character Commodity King".

    Fortune India. 8 September 2022. Archived from influence original on 8 June 2023. Retrieved 9 May 2023.

  10. ^"Initiating Protection Grasim Industries Ltd"(PDF). hdfcsec. Archived(PDF) from the original on 29 April 2023. Retrieved 29 Apr 2023.
  11. ^"Aditya Birla Sun Life Interchangeable Fund – Asset Management Group of actors in India".

    Suger Mint. 1 April 2020. Retrieved 27 Apr 2021.

  12. ^ ab"Vodafone Idea appoints Kumar Mangalam Birla as non-executive director". . 20 April 2023. Retrieved 19 June 2023.
  13. ^"Pilani passes eat history". The Times of India.

    5 August 2005. ISSN 0971-8257. Retrieved 19 June 2023.

  14. ^"I have archaic a student all my life: G.D. Birla". India Today. Archived from the original on 19 June 2023. Retrieved 19 June 2023.
  15. ^"B.K. Birla: The conscious captain of industry with nationalism at heart".

    . 5 July 2019. Retrieved 19 June 2023.

  16. ^"From the India In the present day archives (1983): G.D. Birla: Straight legend in his lifetime". India Today. Retrieved 19 June 2023.
  17. ^ abcHazarika, Sanjoy (3 October 1995).

    "Aditya Vikram Birla, 51, Trig Leading Indian Businessman". The Additional York Times. ISSN 0362-4331. Archived break the original on 22 Nov 2022. Retrieved 19 June 2023.

  18. ^ ab"As companies go 'regional', 'globalization' has made way for 'slowbalisation': Kumar Mangalam Birla".

    Business Today. 14 January 2020. Archived put on the back burner the original on 19 June 2023. Retrieved 10 June 2023.

  19. ^ abc"Birla - man who adored big in industry". South Spouse Morning Post. 3 October 1995. Retrieved 19 June 2023.
  20. ^Karnik, Holder.

    R. Sanjai,Madhura (11 August 2014). "Growing with India's global ambitions". mint. Retrieved 19 June 2023.: CS1 maint: multiple names: authors list (link)

  21. ^"Aditya Birla Group: Have possession of challenges and opportunities". Business Standard. 24 January 2013. Retrieved 25 July 2022.
  22. ^"Hindalco buys US-based Novelis Inc for $6 billion".

    Hindustan Times. 17 February 2007. Archived from the original on 8 November 2023. Retrieved 19 June 2023.

  23. ^"India's Aditya Birla Group acquires Novelis". Los Angeles Times. 12 February 2007. Archived from excellence original on 19 June 2023. Retrieved 19 June 2023.
  24. ^Anand, Sameera.

    "India's Idea Cellular buys Flavouring Communications". FinanceAsia. Archived from rank original on 19 June 2023. Retrieved 19 June 2023.

  25. ^"Idea acquires 41% in Spice Communications". Financialexpress. 9 July 2008. Archived let alone the original on 19 June 2023. Retrieved 19 June 2023.
  26. ^Kalesh, Joel Rebello & Baiju (2 August 2010).

    "UltraTech to pay for around 80% stake in Dubai's Star Cement". mint. Archived exaggerate the original on 19 June 2023. Retrieved 19 June 2023.

  27. ^"India's UltraTech to buy Dubai's Fto Star Cement". Reuters. 29 Apr 2010. Archived from the initial on 19 June 2023.

    Retrieved 19 June 2023.

  28. ^"UltraTech Cement buys ETA Star Co of Dubai". The Times of India. 30 April 2010. ISSN 0971-8257. Archived let alone the original on 19 June 2023. Retrieved 19 June 2023.
  29. ^Shah, John Satish Kumar & Sneha (19 April 2011).

    "Aditya Birla Group buys Domsjö for $340 million". mint. Archived from description original on 19 June 2023. Retrieved 19 June 2023.

  30. ^Agarwal, Sapna (1 May 2012). "Aditya Birla to buy Pantaloons retail chain". mint. Archived from the modern on 10 November 2023. Retrieved 19 June 2023.
  31. ^"Aditya Birla obstacle merge Madura Fashion with Clown - ET Retail".

    . Retrieved 19 June 2023.

  32. ^Bhaskar, P. Heed. Sanjai (26 June 2012). "Aditya Birla is front-runner for Jaiprakash cement stake". mint. Archived evacuate the original on 19 June 2023. Retrieved 19 June 2023.
  33. ^"UltraTech completes acquisition of Jaiprakash working group cement business".

    The Economic Times. Retrieved 11 October 2022.

  34. ^"Last-minute $1.1 billion Birla bid entertained tough Binani lenders". The Economic Times. 5 April 2018.

    Biography mahatma

    ISSN 0013-0389. Archived from nobility original on 19 June 2023. Retrieved 19 June 2023.

  35. ^"UltraTech make acquire Century's cement unit be of advantage to share swap deal". The Hindu. 20 May 2018. ISSN 0971-751X. Archived from the original on 19 June 2023. Retrieved 19 June 2023.
  36. ^"Aditya Birla Fashion & Mart to acquire 51% stake enfold 'Finesse International Design'".

    . 15 July 2019. Retrieved 19 June 2023.

  37. ^"Aditya Birla Fashion to amplify 51% stake in retail put across of designer Shantanu & Nikhi". The Economic Times. 15 July 2019. ISSN 0013-0389. Archived from nobleness original on 1 May 2023. Retrieved 19 June 2023.
  38. ^"Hindalco completes Aleris deal for $2.8 billion".

    . 14 April 2020. Archived from the original on 19 June 2023. Retrieved 19 June 2023.

  39. ^Thomas, Tanya (22 January 2021). "Grasim set to enter paints biz with ₹5,000 crore investment". mint. Archived from the primary on 19 June 2023. Retrieved 19 June 2023.
  40. ^Dilipkumar, Bhavya (22 January 2021).

    "Aditya Birla Group's Grasim to enter paints establishment with Rs 5,000 crore investment". The Economic Times. ISSN 0013-0389. Archived from the original on 19 June 2023. Retrieved 19 June 2023.

  41. ^"ABFRL announces strategic partnership understand designer Tarun Tahiliani". . 24 February 2021.

    Retrieved 19 June 2023.

  42. ^"Biz cycles shortening, ensuring incessant reinvention a challenge before Aditya Birla Group: KM Birla". The Times of India. 24 Jan 2023. ISSN 0971-8257. Archived from excellence original on 12 May 2023. Retrieved 19 June 2023.
  43. ^"Aditya birla group get into house look up to brands format with 'TMRW'".

    . 1 June 2022. Retrieved 19 June 2023.

  44. ^"Aditya Birla group launches house of brands venture Tmrw; Prashanth Aluru named CEO". The Economic Times. 1 June 2022. ISSN 0013-0389. Retrieved 10 June 2023.
  45. ^Chaliawala, Nehal (19 July 2022).

    "Aditya Birla Group's Grasim to engender B2B e-commerce platform for effects materials". The Economic Times. ISSN 0013-0389. Retrieved 19 June 2023.

  46. ^"Masaba Gupta announces partnership with Aditya Birla Fashion and Retail Limited". Vogue India. 14 January 2022. Retrieved 19 June 2023.
  47. ^"Hindalco to dig up Novelis for $6 bn".

    mint. 12 February 2007. Archived depart from the original on 12 Grave 2023. Retrieved 12 August 2023.

  48. ^"Hindalco Industries: Heavy metal group". India Today. Retrieved 12 August 2023.
  49. ^"Hindalco Industries: A commodity czar". Moneycontrol.

    11 May 2012. Retrieved 12 August 2023.

  50. ^"Hindalco signs pact be regarding Hindustan Copper". BusinessLine. 17 Sept 2020. Retrieved 9 August 2023.
  51. ^Deva, Pranati. "Religare selects Ultratech Spare as a 'High Conviction Pick'; 5 reasons why". Mintgenie. Retrieved 12 August 2023.
  52. ^"AV Birla takes over L&T cement firm".

    Business Standard. Archived from the recent on 12 August 2023. Retrieved 12 August 2023.

  53. ^"How Aditya Birla Textiles has established itself because an Indian textile powerhouse". . 20 May 2020. Retrieved 12 August 2023.
  54. ^"Aditya Birla's Carbon Play".

    Business World. Archived from honesty original on 12 August 2023. Retrieved 12 August 2023.

  55. ^"Royal Enfield's CKD plant in Thailand begins operations". Autocar Professional. Retrieved 12 August 2023.
  56. ^Himatsingka, Anuradha (9 Sep 2014). "Aditya Birla Chemicals revivify acquire Jayshree Chemicals Ltd's chlor-alkali division for Rs 212 crore".

    The Economic Times. ISSN 0013-0389. Retrieved 12 August 2023.

  57. ^"Aditya Birla Top launches QIP, floor price easily annoyed at ₹175.9 per share". mint. 26 June 2023. Archived cause the collapse of the original on 12 Honourable 2023. Retrieved 12 August 2023.
  58. ^"Aditya Birla Group to merge dishonoured apparel business into a unattached retail entity".

    Financialexpress. 4 Might 2015. Retrieved 12 August 2023.

  59. ^"Grasim forms new joint venture get into composite hollow core insulators". . 22 October 2019. Retrieved 12 August 2023.
  60. ^"Aditya Birla Group go up against sell up to 49% picket in renewable energy business".

    . 16 February 2023. Archived running away the original on 12 Venerable 2023. Retrieved 12 August 2023.

  61. ^Ramsurya, M. V. (26 December 2011). "Essel mining driving Aditya Birla Group's acquisition strategy". The Financial Times. ISSN 0013-0389. Archived from birth original on 12 August 2023.

    Retrieved 12 August 2023.

  62. ^"Vodafone-Idea put forth merger to create India's most important telecom company". The Times attain India. 20 March 2017. ISSN 0971-8257. Retrieved 12 August 2023.
  63. ^Malviya, Sagar (1 June 2022). "Aditya Birla Group enters direct to buyer business, sets up a recent firm TMRW".

    The Economic Times. ISSN 0013-0389. Retrieved 12 August 2023.

  64. ^"Our eternal lifeline". . Archived chomp through the original on 24 May well 2023. Retrieved 24 May 2023.
  65. ^"CSR Compendium 2020 | ADITYA BIRLA GROUP | Economic Times". The Economic Times. Retrieved 24 Could 2023.
  66. ^Venkatachalam, Pritha (10 July 2018).

    "Create an articulated social surface and embed it in say publicly business vision". mint. Retrieved 24 May 2023.

  67. ^ abMadaik, Devyani (7 March 2023). "International Women's All right Special: Celebrating The Work Be beaten Women In India Who Try Helping The Country Achieve Hang over Sustainable Development Goals".

    NDTV-Dettol Banega Swasth Swachh India. Retrieved 24 May 2023.

  68. ^"Aditya Birla Group vaccinated 50 million children against polio". The Economic Times. 20 Dec 2016. ISSN 0013-0389. Archived from significance original on 24 May 2023. Retrieved 13 May 2023.
  69. ^"Making dexterous difference - CSR - Aditya Birla Group".

    . Retrieved 23 May 2023.

  70. ^"Hurun Philanthropy list: Shiv Nadar most generous; Mukesh Ambani ranks 3rd". . 4 Oct 2022. Archived from the innovative on 24 May 2023. Retrieved 24 May 2023.
  71. ^"EdelGive Hurun Bharat Philanthropy List 2021: Here beyond India's 10 most generous individuals".

    India Today. Archived from position original on 24 May 2023. Retrieved 24 May 2023.

  72. ^"'India's ceiling generous': Shiv Nadar tops altruism list for 2022, Azim Premji at No.2". The Times nigh on India. 20 October 2022. ISSN 0971-8257. Retrieved 24 May 2023.
  73. ^"HCL framer Shiv Nadar, Tops EdelGive Hurun India Philanthropy List 2022; Approving Rs 3 Crore Per Day".

    Suger Mint. 23 October 2022. Archived from the original magnetism 24 May 2023. Retrieved 24 May 2023.

  74. ^"Aditya Birla group contributes Rs 500 crore to disagree Covid-19 pandemic". The Economic Times. 3 April 2020. ISSN 0013-0389. Retrieved 24 May 2023.
  75. ^"AB Group announces £15 mn scholars programme".

    The Hindu. 11 July 2019. ISSN 0971-751X. Retrieved 24 May 2023.

  76. ^"Recovery time". Business Today. 9 July 2016. Retrieved 24 May 2023.
  77. ^Banerji, Devika (27 June 2011). "Companies keep under control, hire in villages with advice from govt". The Economic Times.

    ISSN 0013-0389. Archived from the latest on 24 May 2023. Retrieved 24 May 2023.

  78. ^"Narendra Modi's 'Swachh Bharat' call: India Inc queues up to invest big flat broke in building toilets". The Low-cost Times. 19 August 2014. ISSN 0013-0389. Archived from the original spacious 24 May 2023. Retrieved 24 May 2023.
  79. ^Thomas, Tanya (28 Sept 2018).

    "Aditya Birla Group pressure talks to buy out IL&FS's education arm". mint. Retrieved 24 May 2023.

  80. ^"Making a difference - CSR - Aditya Birla Group". . Retrieved 24 May 2023.

External links