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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]
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.
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.
[17] [18] [11] Under the terms of the deal, the Vodafone Group Plc held a 45.2% stake in the combined entity, the Aditya Birla Group held 26% and the remaining shares were to be held by the public. [11] Vodafone Idea lost a significant number of gross and active subscribers in the month of August 2020. [19]
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]
Birla Sun Life Asset Management Company was established in 1994 as a joint venture between the Aditya Birla Group and Sun Life Financial of Canada where the former owns 51% and the rest is owned by the latter. It provides wealth accumulation and protection products, and services to individuals and corporate customers.
Kumar Mangalam Birla (born 14 June 1967) is an Indian billionaire businessman. He is the chairman of the Aditya Birla Group, one of the largest conglomerates in India. He is the chancellor of the Birla Institute of Technology & Science, Pilani [1] and ex-chairman of Indian Institute of Management Ahmedabad. [2]
In March 2010, Aditya Birla Minacs announced the acquisition of London-based Compass BPO, seeking to acquire a significant finance and accounting outsourcing capability. [5] The company also acquired the Minnesota-based Bureau of Collection Recovery (BCR) in June 2010, adding accounts receivable management and collections services to their ...