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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.
Hindalco Industries Limited an Indian aluminium and copper manufacturing company, is a subsidiary of the Aditya Birla Group. [5] Its headquarters are at Mumbai, Maharashtra, India. The company is listed in the Forbes Global 2000 (2023) at 661st rank. [6] Its market capitalisation by the end of November 2023 was US$15.6 billion. [7]
Aditya Birla Fashion and Retail Limited (ABFRL) is an Indian fashion retail company headquartered in Mumbai.It emerged after the consolidation of the branded apparel businesses of Aditya Birla Nuvo Limited (ABNL), comprising ABNL's Madura Fashion division and ABNL's subsidiaries Pantaloons Fashion and Retail (PFRL) and Madura Fashion & Lifestyle (MFL), in May 2015.
In May 2012, Future Group announced a 50.1% stake sale of its fashion chain Pantaloons to Aditya Birla Group in order to reduce its debt of around ₹ 8,000 crore (equivalent to ₹ 150 billion or US$1.7 billion in 2023). [6]
More operates its stores under two formats; More Supermarkets and More Hypermarkets. More also offers an online grocery service via its mobile app. More Retail [1] was previously known as Aditya Birla Retail Limited when it was part of the Aditya Birla Group [2] [3] [4] before More was sold to investors led by Samara Capital and Amazon. More ...
In October 2020, Flipkart acquired a 7.8% stake in Aditya Birla Fashion and Retail for US$204 million. [59] [60] The following month, Flipkart acquired the intellectual property of gaming startup Mech Mocha for an undisclosed amount. [61] The acquisition formed part of Flipkart's plans to gain and retain users by offering casual games. [62]
Birla Corporation Limited is an Indian-based company of the M.P Birla Group, founded by Ghanshyam Das Birla in the late 1910s and carried on by Madhav Prasad Birla. In the 1890s, Birla Corporation was a jute manufacturing company, but over time, it grew to operate four main divisions: cement, jute, linoleum, and auto trim. [ 1 ]
Following the exit of AT&T Corporation and Tata Group from the joint venture in 2004 and 2006 respectively, Idea Cellular became a subsidiary of Aditya Birla Group. [8] Malaysia based Axiata had bought around 20% stake in the company in 2008 for US$2 billion. [9] Idea previously bought a 40.8% stake in Spice Telecom, for over ₹ 2,700 crore. [10]