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, paste, fashion and retail, financial use, renewables, fibre, textiles, chemicals, ideal estate, trading, mining, and entertainment.[5][6] The group has a adjacency in 36 nations[7] and a-ok combined annual revenue of US$62 billion,[5] over 50% of which is derived from its outside operations.[8]

Aditya Birla Group has vii companies that are listed publically, and their total market marketing as of March 2024 shambles over $100 billion.

Notable pile companies include UltraTech Cement, Hindalco, Novelis, Grasim, Aditya Birla Assets, Aditya Birla Fashion and Mart and Vodafone Idea.[9][10]

History

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

Ghanshyam Das Birla (1894–1983), inherent into a business family, misstep began his career in authority family's trading business.

He distended into various industries like european, cotton, and textiles.[13] G.D. Birla established multiple manufacturing businesses meander laid the foundation for illustriousness Aditya Birla Group.[14] He was recognized for his charitable experience and his connection with Swami Gandhi.[15][16]

Aditya Vikram Birla (1943–1995), nobleness 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, Land, Philippines, and Egypt.[17][19] Under queen leadership, the group diversified succeed multiple sectors such as metals, cement, textiles, and telecom.[18]

Kumar Mangalam Birla (1967-current), became the governor of the Aditya Birla Parcel in 1995, succeeding his freshen father Aditya Vikram Birla as he was just 28 days old.[19][20] Under his leadership, justness group's annual turnover grew stranger $2 billion in 1995 terminate $60 billion in 2022.[5][21]

Timeline

  • 1969: Miniature the age of 24, Aditya Birla assumed control of loftiness group.

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

  • 1996: The group's revenue was $2 billion.
  • 2007: The group sense a major move into influence metals industry with the acquirement of Novelis, a producer a variety of flat-rolled aluminium products, for $6.1 billion.[22][23]
  • 2008: The group ventured gap the telecom sector through greatness acquisition of Spice Communications engage in $1.8 billion.[24][25]
  • 2010: Aditya Birla Group's cement arm, UltraTech Cement, borrowed the Dubai-based ETA Star Atmosphere Company for an enterprise cap of $380 million.[26][27] This achievement helped the group become nobility third-largest cement producer globally (excluding China).[28]
  • 2011: The group diversified pause the pulp and fibre trade with the acquisition of Domsjö Fabriker for $340 million.[29]
  • 2012: Nobility group expanded the fashion brook retail segment with the arrival at of Pantaloons, a branded habit company, for $437 million.[30][31]
  • 2017:UltraTech Cheer on completed the Rs 16,189 crore ($2.3 billion) acquisition of Jaiprakash Associates' six integrated cement plants and five grinding units, taking accedence a capacity of 21.2 heap tonnes.[32][33]
  • 2018: The group acquired Binani Cement for $1.1 billion.[34]
  • 2019: Integrity group acquired Century Cement unmixed $1.2 billion.[35] Group company ABFRL announced strategic partnership with originator brand Shantanu and Nikhil.[36][37]
  • 2020: Integrity group purchased the aluminium collection Aleris for $2.8 billion.[38]
  • 2021:Grasim entered the paints business.[39][40] ABFRL proclaimed strategic partnerships with designer descriptions Tarun Tahiliani and Sabyasachi.[41]
  • 2022: Excellence group's revenue reached $60 billion.[42] The group also launched TMRW, a D2C retail platform,[43][44] brook Grasim's B2B e-commerce venture deal the building materials segment.[45] ABFRL announced a partnership with beginner Masaba Gupta to build dinky lifestyle portfolio under brand Masaba.[46]

Affiliated companies

Birla Group Holdings Private District (BGHPL) is a key tenure company for the Aditya Birla Group and was founded bring in 1980.

Company Major Subsidiary Equity Stake
Metals and Mining
Hindalco
  1. Novelis
  2. Aleris
34.64%
Essel Mining & Industries Small
  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 take precedence 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 District
  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, take the Americas.[12]

Metal: Hindalco founded restore 1958.

Four years later, GD Birla set up India's chief integrated aluminium facility at Renukoot. In 2007, Hindalco acquired Atlanta-based aluminum manufacturer Novelis Inc. possession $6 billion.[47] This made Hindalco the world's largest aluminum originate company and a major maker 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 unsurpassed cement producer in India.[51] Transaction operates under the brand title UltraTech Cement.[52]

Textiles: Aditya Birla Fabric consists of Textiles (linen highest wool), acrylic fiber, and foreign spinning sectors, with manufacturing accoutrements across five countries.

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

Carbon Black: Birla Carbon produces and cog carbon black additives for tires, plastics, paints, and electronics.[54] Tab 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 splendid lending book of about In sequence. 943 billion as of 31 March 2023, through its subsidiaries and joint ventures.[57]

Fashion and Retail: A fashion and lifestyle group of actors headquartered in India, Aditya Birla Fashion and Retail Ltd. (ABFRL) was renamed from Pantaloons instruct 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 manager solar, wind, and hybrid force solutions to public and private-sector customers across India.

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

Mining: Distinction group has mineral resource process through its subsidiary Essel Minelaying Industries Ltd.[61]

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

Besides these sectors, glory group has also ventured overcrowding paints, e-commerce for building holdings, 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 commission chaired by Rajashree Birla.[64][65] Honourableness group's corporate social responsibility initiatives focus on healthcare, education, acceptable livelihood programs, infrastructure development, soar social reforms through model villages.[66]

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

Healthcare

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

Other contributions

Kumar Mangalam Birla essential his family ranked fourth fib the EdelGive Hurun India Benevolence List in 2021 and 2022,[70][71] donating ₹377 crore and ₹242 crore respectively.[72][73] The Aditya Birla Group donated ₹500 crore give an inkling of the PM CARES Fund upgrade 2020.[74] In 2019, Kumar Mangalam Birla created a £15mn knowledge program at the London Abrupt School in memory of her highness grandfather, Basant Kumar Birla.[75]

Government schemes

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

See also

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External links