Kumar Manglam Birla is the chairman and owner of Aditya Birla Group. This blog shares Aditya Birla Group net worth, owner, founder and investors details.
Kumar Mangalam Birla chairman Aditya Birla Group invested 20 billion and said we want to be in the top 2 in their industry. Most of the investment is done in the manufacturing industry. Aditya is the owner of Aditya Birla Group and according to Forbes his estimated net worth is Us $23 billion.
Aditya Birla Group owner net worth investment KM Mangalam
KM Birla chairman Aditya group invested 20 billion
Aditya Birla Group invested 20 billion and most of the investment is in manufacturing, ABG is among top 2 players in the sector. It was officially announced by the company on Saturday.
While speaking with the leading news sensation Hindustan Times, Aditya Birla Group chairman KM Birla said the group has taken bold and tough decisions. KM Mangalam said Acquisition of Novelis by Hindalco is done to scale the cement business from 100 million tonnes to 200 million tonnes over the next 10 years.
He said most group investments are long term for achieving new business targets and visions for 15 to 20 years while consumer business have a shorter span.
Aditya said they want to be number one or two in every business they enter or every business they are doing. To become number one or two scale is important and without scale you can’t survive.
He said without scale it is impossible to survive unless you have very unique or very high technology that is giving you very high margins. He said Birla Group company has built 100 million tonnes of cement over 36 million and don’t want to stop, they want to scale it up to 150 million tonnes in next 5 years and 200 million tonnes in next 10 years.
Birla said Hindalco acquired Novelis for $6 billion to build a scale or growth.
Kumar Mangalam Birla biogrpahy
Indian Billionaire Industrialist chairman of Aditya Birla Group Kumar Mangalam Birla was born on 14 June 1967. KM Birla is the owner of Aditya Birla Group and the company founded by Seth Shivnarayan Birla in 1957.
Aditya Birla Group is one of the largest conglomerates in India, conglomerates meaning multi industry companies. Today ABG is present in 36 countries across six continents and the group is performing great out of India as well with over 50% of its revenues coming from overseas operations.
Kumar Mangalam Birla net worth
According to the Forbes KM Birla net worth (estimated) is Us $23 billion as of March 2024. With this net worth he is the 6th richest person in India.
Family education awards
Parents – Aditya Vikram Birla is his Daddy and Rajashree Birla is mother.
Spouse – Nirja Birla.
Married – In 1989.
Children – He has 3 children and two of them are Ananya Birla, Aryman Birla.
Education – MB from London Business School and Bcom from university of Mumbai.
Born – 14 June 1967, Kolkata west Bengal, India.
Award – Padma Bhushan Award.
Positions
Chancellor – Is the chancellor of Birla Institute of Technology & Science, Pilani.
Ex chairman – India Institute of Management, Ahmedabad.
Chairman Aditya Birla group – He became ABG chairman in 1995.
Aditya birla group net worth
KM Manglam net worth Us $23 billion. Aditya Birla Group market capitalization is over $100 billion.
What is Aditya Birla company all about?
ABG is a multi product company that deals in multiple industries. They deal in cement, textile, telecom, cellulose fibre, paints, fashion, financial services, carbon black, chemicals, mining, trading, renewables, real estates, venture capitals, entertainment, dining and experiments Digital platforms, jewelry and metals.You can apply for the Aditya Birla engineering internship program.
Aditya Birla Group companies
UltraTech Cement Limited, Grasim Industries Limited, Hindalco Industries Limited, Vodafone Idea Limited, Aditya Birla Fashion and Retail, Aditya Birla capital ltd, Aditya Birla Sun Life AMC Limited, Aditya Birla Money ltd, Aditya Birla Real estate Limited and Century Enka ltd.
Conclusion – This blog tells you about Aditya Birla Group’s 20 billion investment, Kumar Mangalam net worth, family background and ABG listed companies.