Company type | Corporate group |
---|---|
Industry | Conglomerate |
Founded | 1857[1] |
Founder | Shiv Narayan Birla |
Headquarters | Mumbai, Maharashtra, India |
Area served | Worldwide |
Key people | Kumar Mangalam Birla (Chairman)[2] Sushil Agarwal (Group CFO)[3] Santrupt Misra (Group director) |
Products | |
Revenue | ₹6,216,76 crore US$75 billion[1] (2024) |
Owner | Kumar Mangalam Birla |
Number of employees | 187,000 (2024)[4] |
Subsidiaries | |
Website | www |
The Aditya Birla Group (ABG) is an Indian multinational conglomerate, headquartered in Mumbai.[5] The group has a presence in 36 nations[6] and a combined annual revenue of $75 billion,[7] over 50% of which is derived from its overseas operations.[8] The group's business interests include metals, cement, fashion and retail, financial services, renewables, fibre, textiles, chemicals, real estate, trading, mining, and entertainment.[7]
Aditya Birla Group has seven companies that are listed publicly, and their total market capitalisation as of March 2024 is over $75 billion. Notable group companies include UltraTech Cement, Hindalco, Novelis, Grasim, Aditya Birla Capital, Aditya Birla Fashion and Retail and Vodafone Idea.[9][10]
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, G.D. Birla 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.[7][21]
Company | Major Subsidiary | Equity Stake |
---|---|---|
Metals and Mining | ||
Hindalco | 34.64% | |
Essel Mining & Industries Limited |
|
100% |
Cement | ||
UltraTech Cement |
|
59.96% |
Textile and Fibres | ||
Grasim Industries |
|
42.75% |
Century Textile and Industries |
|
50.21% |
Domsjö Fabriker |
|
100% |
Fashion | ||
Aditya Birla Fashion and Retail |
|
55.47% |
Telecom Services | ||
Vodafone Idea |
|
26% |
Media and Film Production | ||
Applause Entertainment |
|
100% |
Financial Services | ||
Aditya Birla Capital | 69.10% | |
Renewables | ||
Aditya Birla Renewables |
|
100% |
Insulators | ||
Aditya Birla Insulators |
|
100% |
Chemical and Compounds | ||
Aditya Birla Chemicals(Thailand) |
|
100% |
Thai Peroxide Limited |
|
50% |
PT Indo Raya Kimla(Indonesia) |
|
100% |
Birla Carbon |
|
100% |
Trading | ||
Aditya Birla Global Trading |
|
100% |
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]
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]
The group operates 24 hospitals and runs 6,000 medical camps in India.[69][70]
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]
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]