The Yash Birla Group
Company typePublic company (BSE: 500335)
IndustryConglomerate
Founded1980s; 43 years ago (1980s)
FounderRaja Baldeo Das Birla
Headquarters
Mumbai
,
India
Area served
Worldwide
Key people
Yashovardhan Birla (Chairman)[1]
ProductsSteel, Information technology, Education, Textiles, Publication, Lifestyle, Travel & Power, Financial service, Infrastructure,
Revenue₹30 billion (US$380 million)[2]
Number of employees
3,363 (2010)
SubsidiariesMelstar Information Technologies, Birla Shloka Edutech[3][4]
Websiteyashbirlagroup.com

Yash Birla Group is Indian industrial conglomerate group based in Mumbai, Maharashtra.[5] Its chairman Yashovardhan Birla, is a member of the Birla family. The group has diversified interest in industries like steel pipes, machine tools, cutting tools, tool holders, iron castings, power solution[buzzword] products, multipurpose engines pumps, electrical appliances, textiles, carpets, furnishing, lifestyle, infotech, publication, travel, electricity, property development, cotton ginning etc.[6] The Group traces its origins to the businesses started by various members of the Birla family. The group today has 10 publicly listed subsidiaries in India.[7][8][9][10][11] The group is currently facing major financial and legal bottlenecks.[11][4][3][12]

In June 2013, the group was declared a NPA account for non payment of dues. Further in 2016, UCO Bank also published a notice indicating Birla as defaulter. On 16 June 2019, he was declared wilful defaulter by the bank with outstanding dues of over 67 crores.[13]`

Subsidiaries

Zenith Birla (India) Ltd: Zenith Birla (India) Limited was incorporated in 1960, and commenced its commercial production in 1962. ZBIL, a flagship company of Yash Birla Group, is a pioneer in Manufacture and Exports of Steel Pipes, Tubes, and Hollow Sections from India. The Company's plants are located at Khopoli, Tarapur & Murbad. The Khopoli Plant has a complete Manufacturing and Residential complex for its employees with facilities of School, Club House, Guest House, Temple and Auditorium.[14][15][16]

See also

References

  1. ^ "Yash Birla group plans to set up 200 schools". The Hindu Business Line. 8 May 2009. Retrieved 9 January 2011.
  2. ^ "Yash Birla Group to invest Rs 5,500 cr in power, lifestyle". Business Standard India. Business-standard.com. 18 March 2010. Retrieved 9 January 2011.
  3. ^ a b Yash Birla slapped with Rs 2-crore cheating case
  4. ^ a b Birla Power Solutions Ltd. - FD Interest
  5. ^ "The Yash Birla Group". The Yash Birla Group. 29 January 2009. Retrieved 9 January 2011.
  6. ^ Lenders file suits against Birla Power for payment defaults - Economic Times
  7. ^ "BSE - Scrip Search". www.bseindia.com. Archived from the original on 25 October 2008.
  8. ^ Yash Birla Group companies in deep trouble? - Moneylife
  9. ^ How to get your money back from Yash Birla group companies - Moneylife
  10. ^ zenith birla Complaints
  11. ^ a b Yashovardhan Birla resigns from boards of four listed group companies - Economic Times
  12. ^ Yash Birla firm faces Rs 1,000-cr loan recall | Business Standard
  13. ^ Tanwar, Sangeeta (17 June 2019). "A flamboyant Indian industrialist is now chased by a bank his ancestor founded". Quartz India. Retrieved 18 June 2019.
  14. ^ "Home". yashbirlagroup.com.
  15. ^ Yash Birla Group set to re-establish appliances biz - The Economic Times
  16. ^ The Hindu : Andhra Pradesh / Hyderabad News : Yash Birla group forays into education
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