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.[5] The group has a presence in 42 countries[6] and a combined annual revenue of US$70 billion,[7] over 50% of which is derived from its overseas operations.[8]
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.[9][10]
History
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,[11] and established multiple manufacturing businesses that laid the foundation for the Aditya Birla Group.[12] He was noted for his connection with Mahatma Gandhi.[13][14]
Aditya Vikram Birla, the grandson of G.D. Birla, began establishing the group's businesses abroad.[15] In 1969, he founded companies in Thailand
Affiliated companies
Birla Group Holdings Private Limited (BGHPL) is a key holding company for the Aditya Birla Group and was founded in 1980.
Areas of operation
The Aditya Birla Group operates across 36 countries in Asia, Europe, Africa, and the Americas.[41]
Metal: Hindalco founded in 1958. Four years later, GD Birla set up India's first integrated aluminium facility at Renukoot. In 2007, Hindalco acquired Atlanta-based aluminum manufacturer Novelis Inc. for $6 billion.[42] This made Hindalco the world's largest aluminum rolling company and a major producer of primary aluminum in Asia.[43][44] Its subsidiary, Birla Copper, operates Asia's largest single-site copper smelter.[45]
Philanthropy
The Aditya Birla Group's welfare-driven activities are overseen by the Aditya Birla Centre for Community Initiatives and Rural Development, which is chaired by Rajashree Birla.[59][60] The group's corporate social responsibility initiatives focus on healthcare, education, sustainable livelihood programs, infrastructure development, and social reforms through model villages.[61]
The group implemented programs in partnership with NGOs and government agencies, including the Aditya Birla Public Health Initiative, and Project Unnati.[62]
Healthcare
The group operates 24 hospitals and runs 6,000 medical camps in India.
See also
- Birla family
- Birla Foundation
- Yash Birla Group
- CK Birla Group
- M.P. Birla Group
- Columbian Chemicals Plant explosion hoax in Centerville, St. Mary Parish, Louisiana
External links
References
- 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^
- Vatsala Gaur. Sushil Agarwal elevated as Aditya Birla Group CFO The Economic Times, 28 May 2019^
- Birla kids to join board of group thinktank, fashion business