Mega-Thread on the Indian Billionaire industrialist and Chairman of the Aditya Birla Group
Kumar Mangalam Birla
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Kumar Mangalam Birla
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1) Kumar Birla was born on June 14, 1967, in a Marwadi Business Family to Aditya Vikram Birla and his wife Raja Shri Birla.
2) He is the fourth-generation member of the business family and spent most of his childhood in Mumbai and Kolkata.
2) He is the fourth-generation member of the business family and spent most of his childhood in Mumbai and Kolkata.
3) Being brought up in a high-pressure environment, it constantly made him conscious of his family name, wealth & the responsibility attached to it.
4) Early on in his life he was groomed to become an entrepreneur & he eventually decided to get involved in the family business.
4) Early on in his life he was groomed to become an entrepreneur & he eventually decided to get involved in the family business.
5) After finishing school, he received his B Com degree from Mumbai University.
6) Later he pursued Chartered Accountancy from The Institute of Chartered Accountants of India.
6) Later he pursued Chartered Accountancy from The Institute of Chartered Accountants of India.
7) Then he went abroad for further studies and completed his MBA from London Business School, London, UK.
8) In 1995, after the sudden demise of his Father, Kumar took over the Aditya Birla Group as Chairman at the age of just 28.
8) In 1995, after the sudden demise of his Father, Kumar took over the Aditya Birla Group as Chairman at the age of just 28.
9) He faced a lot of skepticism regarding his inexperience as he was very young.
10) The Aditya Birla Group was dealing in Viscose, Textiles, Garments, Cement, Aluminium, and Fertilizers when Kumar took over the business as Chairman.
10) The Aditya Birla Group was dealing in Viscose, Textiles, Garments, Cement, Aluminium, and Fertilizers when Kumar took over the business as Chairman.
11) But he refused to get let down by these challenges & silenced everybody with his sharp business sense.
12) He encouraged new business policies & his passionate approach marked changes in the functioning of the organization.
12) He encouraged new business policies & his passionate approach marked changes in the functioning of the organization.
13) Along with presenting the company’s reputation in existing sectors, he also showed interest in evolving sectors like software and BPO.
14) Some suspicious were raised regarding his abilities to handle such a big organization but he proved his cynics wrong.
14) Some suspicious were raised regarding his abilities to handle such a big organization but he proved his cynics wrong.
15) The Birla Empire roots go back to 1857 in cotton trading in Rajasthan State.
16) He is the Chancellor of the Birla Institute of Technology and Science & Indian Institute of Management Ahemdabad.
16) He is the Chancellor of the Birla Institute of Technology and Science & Indian Institute of Management Ahemdabad.
17) According to Forbes, he has an estimated Net Worth of US $17.5 billion as of Jan 2022.
18) During his tenure as Chairman, the group’s annual turnover increased from US $3.33 billion in 1995 to US $ 48.3 billion.
18) During his tenure as Chairman, the group’s annual turnover increased from US $3.33 billion in 1995 to US $ 48.3 billion.
19) Birla received the International Advertising Association “CEO of the year award” in 2016.
20) Kumar Mangalam Birla & his family ranks fourth on the philanthropy list with a donation to more in the health sector in 2021.
20) Kumar Mangalam Birla & his family ranks fourth on the philanthropy list with a donation to more in the health sector in 2021.
21) In 2020, Aditya Birla Group contributed Rs. 500 cr towards covid relief measure.
22) Aditya Birla Group is the 3rd largest business house in India.
23)He received the “Global Leadership Award” in 2014 from the India Business Council in 2003.
22) Aditya Birla Group is the 3rd largest business house in India.
23)He received the “Global Leadership Award” in 2014 from the India Business Council in 2003.
24) Birla’s name significantly surfaced in the Indian Coal allocation scam, an infamous political scandal that traced its origin into the illegal allocation of coal blocks between 2004 and 2009.
25) CBI in 2013 accused him of influencing the coal secretary in getting the block, Talabira-II in Orissa, allocated to Hindalco when it was meant only for allocation to public sector firms.
26) In 2021, he stepped down as chairman of debt-strapped telecom firm Vodafone Idea.
27) He married Neerja a full-time homemaker.
27) He married Neerja a full-time homemaker.
28) He has 2 daughters Anayashree and Advaitesha, and one son Aryaman Vikram.
29) The group has an interest span in Cement and Aluminum to Telecom and Financial Services.
29) The group has an interest span in Cement and Aluminum to Telecom and Financial Services.
30) Apart from the role models that he has within the family, Birla admires Infosys founder Narayana Murthy and Jack Welcher the former chairman of General Electric.
31) 35. The Birla family has built schools and temples around India, including BITS Pilani and
Birla Mandir.
31) 35. The Birla family has built schools and temples around India, including BITS Pilani and
Birla Mandir.
32)Kumar Birla has created a 15 million pound endowed scholarship to support 10 MBA candidates every year at London Business School.
Would appreciate a Retweet as it helps our mission to educate maximum investors.
Would appreciate a Retweet as it helps our mission to educate maximum investors.
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