Wikipedia

Aditya Birla Group

(Redirected from Peter England (Apparels))

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] [6] The group has a presence in 36 nations[7] and a combined annual revenue of US$62 billion,[5] over 50% of which is derived from its overseas operations.[8]

Aditya Birla Group
Company typeCorporate group
IndustryConglomerate
Founded1857; 167 years ago (1857)[1]
HeadquartersMumbai, Maharashtra, India
Area served
Worldwide
Key people
Kumar Mangalam Birla (Chairman)[2]
Sushil Agarwal (Group CFO)[3]
Santrupt Misra (Group director)
Products
Revenue$65 Billion[1] (2024)
OwnerKumar Mangalam Birla
Number of employees
187,000 (2024)[4]
Subsidiaries
Websitewww.adityabirla.com

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

edit

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

Ghanshyam Das Birla (1894–1983), born into a business family, he began his career in the family's trading business. He expanded into various industries like jute, cotton, and textiles.[13] G.D. Birla established multiple manufacturing businesses that laid the foundation for the Aditya Birla Group.[14] He was recognized for his charitable acts and his connection with Mahatma Gandhi.[15][16]

Aditya Vikram Birla (1943–1995), the grandson of G.D. Birla, grew the group's operations.[17] At 24, Aditya Birla began establishing businesses abroad. In 1969, he founded 19 companies in Thailand,[18] Malaysia, Indonesia, Philippines, and Egypt.[17][19] Under his leadership, the group diversified into multiple sectors such as metals, cement, textiles, and telecom.[18]

Kumar Mangalam Birla (1967-current), became the chairman of the Aditya Birla Group in 1995, succeeding his late father Aditya Vikram Birla when he was just 28 years old.[19][20] Under his leadership, the group's annual turnover grew from $2 billion in 1995 to $60 billion in 2022.[5][21]

Timeline

edit
  • 1969: At the age of 24, Aditya Birla assumed control of the group. He set up 19 companies outside India, in Thailand, Malaysia, Indonesia, the Philippines, and Egypt.[17][19]
  • 1996: The group's revenue was $2 billion.
  • 2007: The group made a major move into the metals industry with the acquisition of Novelis, a producer of flat-rolled aluminium products, for $6.1 billion.[22][23]
  • 2008: The group ventured into the telecom sector through the acquisition of Spice Communications for $1.8 billion.[24][25]
  • 2010: Aditya Birla Group's cement arm, UltraTech Cement, acquired the Dubai-based ETA Star Cement Company for an enterprise value of $380 million.[26][27] This acquisition helped the group become the third-largest cement producer globally (excluding China).[28]
  • 2011: The group diversified into the pulp and fibre industry with the acquisition of Domsjö Fabriker for $340 million.[29]
  • 2012: The group expanded the fashion and retail segment with the acquisition of Pantaloons, a branded apparel company, for $437 million.[30][31]
  • 2014: The group acquired Jaypee Cement for $634 million.[32]
  • 2016: The group acquired Jaiprakash Associates for $2.3 billion.[33]
  • 2018: The group acquired Binani Cement for $1.1 billion.[34]
  • 2019: The group acquired Century Cement for $1.2 billion.[35] Group company ABFRL announced strategic partnership with designer brand Shantanu and Nikhil.[36][37]
  • 2020: The group purchased the aluminium company Aleris for $2.8 billion.[38]
  • 2021: Grasim entered the paints business.[39][40] ABFRL announced strategic partnerships with designer brands Tarun Tahiliani and Sabyasachi.[41]
  • 2022: The group's revenue reached $60 billion.[42] The group also launched TMRW, a D2C retail platform,[43][44] and Grasim's B2B e-commerce venture in the building materials segment.[45] ABFRL announced a partnership with designer Masaba Gupta to build a lifestyle portfolio under brand Masaba.[46]

Affiliated companies

edit
Company Major Subsidiary Equity Stake
Metals and Mining
Hindalco
  1. Novelis
  2. Aleris
 34.64%
Essel Mining & Industries Limited
  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 and 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 Limited
  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

edit

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

Metal: In 2007, Hindalco acquired Atlanta-based aluminum manufacturer Novelis Inc. for $6 billion.[47] This made Hindalco the world's largest aluminum rolling company and a major producer 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 third-largest cement producer globally (excluding China) and the largest in India.[51] It operates under the brand name UltraTech Cement.[52]

Textiles: Aditya Birla Textiles consists of Textiles (linen and wool), acrylic fiber, and overseas spinning sectors, with manufacturing units across five countries. Its acrylic fibre business has a capacity of about 125,000 tonnes.[53]

Carbon Black: Birla Carbon produces and supplies carbon black additives for tires, plastics, paints, and electronics.[54] It 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 a lending book of about Rs. 943 billion as of 31 March 2023, through its subsidiaries and joint ventures.[57]

Fashion and Retail: A fashion and lifestyle company headquartered in India, Aditya Birla Fashion and Retail Ltd. (ABFRL) was renamed from Pantaloons 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: Aditya Birla Renewables is a joint venture between Birla Group and Abraaj, with Birla holding 51% and Abraaj 49%.[60] It operates 2.3 GW renewable capacity in 9 Indian states and announced 4.5 GW by FY2026 through utility and commercial projects.[61]

Mining: The group has mineral resource operations through its subsidiary Essel Mining Industries Ltd.[62]

Telecom: The group has a presence in the telecom sector through its joint venture, Vodafone Idea.[63]

Besides these sectors, the group has also ventured into paints, e-commerce for building materials, and DTC retail via TMRW.[64]

Philanthropy

edit

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.[65][66] The group's corporate social responsibility initiatives focus on healthcare, education, sustainable livelihood programs, infrastructure development, and social reforms through model villages.[67]

The group implemented programs in partnership with NGOs and government agencies, including the Aditya Birla Public Health Initiative, and Project Unnati.[68]

Healthcare

edit

The group operates 24 hospitals and runs 6,000 medical camps in India.[69][70]

Other contributions

edit

Kumar Mangalam Birla and his family ranked fourth on the EdelGive Hurun India Philanthropy List in 2021 and 2022,[71][72] donating INR 377 crore and INR 242 crore respectively.[73][74] The Aditya Birla Group donated INR 500 crore to the PM CARES Fund in 2020.[75] In 2019, Kumar Mangalam Birla created a £15mn scholarship program at the London Business School in memory of his grandfather, Basant Kumar Birla.[76]

Government schemes

edit

The group accesses government schemes like the Sarva Shiksha Abhiyan, MGNREGA, Pradhan Mantri Gram Sadak Yojana,[77] Pradhan Mantri Awas Yojana, National Rural Livelihood Mission (NRLM),[78] Swachh Bharat Mission,[79] National Rural Drinking Water Program, Pradhan Mantri Kaushal Vikas Yojana,[80] Renewable Energy Development Program, Integrated Child Development Services, National TB Elimination Program and Swarnjayanti Gram Swarojgar Yojana.[68][81]

See also

edit

References

edit
  1. ^ a b "About Us-Aditya Birla Group". Aditya Birla Group. Archived from the original on 10 October 2022. Retrieved 26 September 2021.
  2. ^ "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.
  3. ^ Gaur, Vatsala (28 May 2019). "Sushil Agarwal elevated as Aditya Birla Group CFO". The Economic Times.
  4. ^ "Birla kids to join board of group thinktank, fashion business". The Times of India. 31 January 2023. Archived from the original on 5 May 2023. Retrieved 29 April 2023.
  5. ^ a b c "About Us-Aditya Birla Group". Aditya Birla Group. Archived from the original on 10 October 2022. Retrieved 26 September 2021.
  6. ^ Das, Vipul (6 January 2023). "Aditya Birla Fashion & Retail to raise ₹500 Cr via NCDs". mint. Archived from the original on 9 May 2023. Retrieved 9 May 2023.
  7. ^ "Birla kids to join board of group thinktank, fashion business". The Times of India. 31 January 2023. ISSN 0971-8257. Archived from the 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 the original on 10 May 2023. Retrieved 9 May 2023.
  9. ^ "Birla, The Commodity King". Fortune India. 8 September 2022. Archived from the original on 8 June 2023. Retrieved 9 May 2023.
  10. ^ "Initiating Coverage Grasim Industries Ltd" (PDF). hdfcsec. Archived (PDF) from the original on 29 April 2023. Retrieved 29 April 2023.
  11. ^ "Aditya Birla Sun Life Mutual Fund – Asset Management Company in India". Suger Mint. 1 April 2020. Retrieved 27 April 2021.
  12. ^ a b "Vodafone Idea appoints Kumar Mangalam Birla as non-executive director". cnbctv18.com. 20 April 2023. Retrieved 19 June 2023.
  13. ^ "Pilani passes into history". The Times of India. 5 August 2005. ISSN 0971-8257. Retrieved 19 June 2023.
  14. ^ "I have been 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 capitalist with nationalism at heart". www.fortuneindia.com. 5 July 2019. Retrieved 19 June 2023.
  16. ^ "From the India Today archives (1983): G.D. Birla: A legend in his lifetime". India Today. Retrieved 19 June 2023.
  17. ^ a b c Hazarika, Sanjoy (3 October 1995). "Aditya Vikram Birla, 51, A Leading Indian Businessman". The New York Times. ISSN 0362-4331. Archived from the original on 22 November 2022. Retrieved 19 June 2023.
  18. ^ a b "As companies go 'regional', 'globalization' has made way for 'slowbalisation': Kumar Mangalam Birla". Business Today. 14 January 2020. Archived from the original on 19 June 2023. Retrieved 10 June 2023.
  19. ^ a b c "Birla - man who aimed big in industry". South China Morning Post. 3 October 1995. Retrieved 19 June 2023.
  20. ^ Karnik, P. R. Sanjai,Madhura (11 August 2014). "Growing with India's global ambitions". mint. Retrieved 19 June 2023.{{cite web}}: CS1 maint: multiple names: authors list (link)
  21. ^ "Aditya Birla Group: 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 the original on 19 June 2023. Retrieved 19 June 2023.
  24. ^ Anand, Sameera. "India's Idea Cellular buys Spice Communications". FinanceAsia. Archived from the original on 19 June 2023. Retrieved 19 June 2023.
  25. ^ "Idea acquires 41% in Spice Communications". Financialexpress. 9 July 2008. Archived from the original on 19 June 2023. Retrieved 19 June 2023.
  26. ^ Kalesh, Joel Rebello & Baiju (2 August 2010). "UltraTech to buy around 80% stake in Dubai's Star Cement". mint. Archived from the original on 19 June 2023. Retrieved 19 June 2023.
  27. ^ "India's UltraTech to buy Dubai's ETA Star Cement". Reuters. 29 April 2010. Archived from the original 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 from 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 the 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 original on 10 November 2023. Retrieved 19 June 2023.
  31. ^ "Aditya Birla to merge Madura Fashion with Pantaloon - ET Retail". ETRetail.com. Retrieved 19 June 2023.
  32. ^ "UltraTech acquires Jaypee group's cement assets for Rs. 16,500 crore". The Hindu. 28 February 2016. ISSN 0971-751X. Archived from the original on 19 June 2023. Retrieved 19 June 2023.
  33. ^ Bhaskar, P. R. Sanjai (26 June 2012). "Aditya Birla is front-runner for Jaiprakash cement stake". mint. Archived from the original on 19 June 2023. Retrieved 19 June 2023.
  34. ^ "Last-minute $1.1 billion Birla bid entertained by Binani lenders". The Economic Times. 5 April 2018. ISSN 0013-0389. Archived from the original on 19 June 2023. Retrieved 19 June 2023.
  35. ^ "UltraTech to acquire Century's cement unit in 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 & Retail to acquire 51% stake in 'Finesse International Design'". www.business-standard.com. 15 July 2019. Retrieved 19 June 2023.
  37. ^ "Aditya Birla Fashion to acquire 51% stake in retail firm of designer Shantanu & Nikhi". The Economic Times. 15 July 2019. ISSN 0013-0389. Archived from the original on 1 May 2023. Retrieved 19 June 2023.
  38. ^ "Hindalco completes Aleris deal for $2.8 billion". www.thehindubusinessline.com. 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 original on 19 June 2023. Retrieved 19 June 2023.
  40. ^ Dilipkumar, Bhavya (22 January 2021). "Aditya Birla Group's Grasim to enter paints business 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 with designer Tarun Tahiliani". www.thehindubusinessline.com. 24 February 2021. Retrieved 19 June 2023.
  42. ^ "Biz cycles shortening, ensuring continuous reinvention a challenge before Aditya Birla Group: KM Birla". The Times of India. 24 January 2023. ISSN 0971-8257. Archived from the original on 12 May 2023. Retrieved 19 June 2023.
  43. ^ "Aditya birla group get into house of brands format with 'TMRW'". www.business-standard.com. 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 launch B2B e-commerce platform for building 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 acquire Novelis for $6 bn". mint. 12 February 2007. Archived from the original on 12 August 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 with Hindustan Copper". BusinessLine. 17 September 2020. Retrieved 9 August 2023.
  51. ^ Deva, Pranati. "Religare selects Ultratech Cement 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 original on 12 August 2023. Retrieved 12 August 2023.
  53. ^ "How Aditya Birla Textiles has established itself as an Indian textile powerhouse". businesschief.asia. 20 May 2020. Retrieved 12 August 2023.
  54. ^ "Aditya Birla's Carbon Play". Business World. Archived from the 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 September 2014). "Aditya Birla Chemicals to 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 Capital launches QIP, floor price set at ₹175.9 per share". mint. 26 June 2023. Archived from the original on 12 August 2023. Retrieved 12 August 2023.
  58. ^ "Aditya Birla Group to merge branded apparel business into a single retail entity". Financialexpress. 4 May 2015. Retrieved 12 August 2023.
  59. ^ "Grasim forms new joint venture for composite hollow core insulators". www.thehindubusinessline.com. 22 October 2019. Retrieved 12 August 2023.
  60. ^ "Aditya Birla Group enters into partnership with Abraaj Group". The Hindu. 7 October 2015. ISSN 0971-751X. Retrieved 12 August 2023.
  61. ^ "Aditya Birla Group to sell up to 49% stake in renewable energy business". cnbctv18.com. 16 February 2023. Archived from the original on 12 August 2023. Retrieved 12 August 2023.
  62. ^ Ramsurya, M. V. (26 December 2011). "Essel mining driving Aditya Birla Group's acquisition strategy". The Economic Times. ISSN 0013-0389. Archived from the original on 12 August 2023. Retrieved 12 August 2023.
  63. ^ "Vodafone-Idea announce merger to create India's biggest telecom company". The Times of India. 20 March 2017. ISSN 0971-8257. Retrieved 12 August 2023.
  64. ^ Malviya, Sagar (1 June 2022). "Aditya Birla Group enters direct to consumer business, sets up a new firm TMRW". The Economic Times. ISSN 0013-0389. Retrieved 12 August 2023.
  65. ^ "Our eternal lifeline". businessindia.co. Archived from the original on 24 May 2023. Retrieved 24 May 2023.
  66. ^ "CSR Compendium 2020 | ADITYA BIRLA GROUP | Economic Times". The Economic Times. Retrieved 24 May 2023.
  67. ^ Venkatachalam, Pritha (10 July 2018). "Create an articulated social vision and embed it in the business vision". mint. Retrieved 24 May 2023.
  68. ^ a b Madaik, Devyani (7 March 2023). "International Women's Day Special: Celebrating The Work Of Women In India Who Are Helping The Country Achieve Its Sustainable Development Goals". NDTV-Dettol Banega Swasth Swachh India. Retrieved 24 May 2023.
  69. ^ "Aditya Birla Group immunized 50 million children against polio". The Economic Times. 20 December 2016. ISSN 0013-0389. Archived from the original on 24 May 2023. Retrieved 13 May 2023.
  70. ^ "Making a difference - CSR - Aditya Birla Group". abg.com. Retrieved 23 May 2023.
  71. ^ "Hurun Philanthropy list: Shiv Nadar most generous; Mukesh Ambani ranks 3rd". www.fortuneindia.com. 4 October 2022. Archived from the original on 24 May 2023. Retrieved 24 May 2023.
  72. ^ "EdelGive Hurun India Philanthropy List 2021: Here are India's 10 most generous individuals". India Today. Archived from the original on 24 May 2023. Retrieved 24 May 2023.
  73. ^ "'India's most generous': Shiv Nadar tops philanthropy list for 2022, Azim Premji at No.2". The Times of India. 20 October 2022. ISSN 0971-8257. Retrieved 24 May 2023.
  74. ^ "HCL founder Shiv Nadar, Tops EdelGive Hurun India Philanthropy List 2022; Donated Rs 3 Crore Per Day". Suger Mint. 23 October 2022. Archived from the original on 24 May 2023. Retrieved 24 May 2023.
  75. ^ "Aditya Birla group contributes Rs 500 crore to fight Covid-19 pandemic". The Economic Times. 3 April 2020. ISSN 0013-0389. Retrieved 24 May 2023.
  76. ^ "AB Group announces £15 mn scholars programme". The Hindu. 11 July 2019. ISSN 0971-751X. Retrieved 24 May 2023.
  77. ^ "Recovery time". Business Today. 9 July 2016. Retrieved 24 May 2023.
  78. ^ Banerji, Devika (27 June 2011). "Companies train, hire in villages with help from govt". The Economic Times. ISSN 0013-0389. Archived from the original on 24 May 2023. Retrieved 24 May 2023.
  79. ^ "Narendra Modi's 'Swachh Bharat' call: India Inc queues up to invest big money in building toilets". The Economic Times. 19 August 2014. ISSN 0013-0389. Archived from the original on 24 May 2023. Retrieved 24 May 2023.
  80. ^ Thomas, Tanya (28 September 2018). "Aditya Birla Group in talks to buy out IL&FS's education arm". mint. Retrieved 24 May 2023.
  81. ^ "Making a difference - CSR - Aditya Birla Group". abg.com. Retrieved 24 May 2023.
edit
Retrieved from "https://en.wikipedia.org/w/index.php?title=Aditya_Birla_Group&oldid=1258131014"