www.curiousbugs.com

Aditya Vikram Birla (BIOGRAPHY)

The Aditya Birla Group is a US $24 billion Conglomerate with a market cap of US $31.5 billion. It is anchored by a force of over one lakh employees, belonging to 25 nationalities. Its operations are in 20 countries across 6 continents. Over 50 percent of the group’s revenues flow from operations around the world. The  Group nurtures a work culture where success does not come in the way of the need to keep learning and to keep innovating.

A premium conglomerate, the Aditya Birla Group is a dominant player in all of the sectors in which it operates. Among these are viscose staple fibre , non-ferrous metals, cement, viscose filament yarn, branded  apparel, carbon black, chemicals, fertilizers, sponge iron, insulators, financial services, telecom, BPO and IT services.

Born to Basant Kumar  Birla and Sarla Birla on 14 November 1943 in Kolkata Aditya Vikram Birla was a renowned Indian industrialist and former Chairman of one of India’s biggest multinational corporations – the Aditya Birla Group. Aditya Vikram Birla was born into the formidable business family of the Birlas, and ts the grandson of the legendary G.D. Birla who was one of India’s most outstanding industrialists and founder of the vast Birla Industrial Empire. Besides being a successful business tycoon ,he also led a well balanced family-life, along with his wife, son Kumarrnangalam, the present Chairman, and a daughter.

Aditya Birla completed his formal education by graduating in science from St Xavier’s College, Calcutta, and then earning a degree in chemical engineering from the Massachusetts Institute of Technology, Boston. On returning back to India in 1965, Aditya entered the world of business and industry, with most of his ventures leading either to successful expansions or profitable turnovers. His maiden venture was the establishment of the Eastern Spinning Mills in Calcutta. It put die sinking rayon and textile business back on track and registered handsome profits.

His next few ventures saw his success in the expansion of Hindustan Gas and the magnificent conversion of the sick lndo-Gulf Fertilisers and Chemicals Ltd, with liquidity and managerial crisis, into a booming blue-chip company. He then went on to have a series of industrial and business successes over the years; however, after his grandfather’s death in 1983, he had to play a bigger role. Over the next 12 years, Aditya Birla expanded the Birla Empire making it one of India’s largest business conglomerates and himself becoming one of India’s foremost businessmen. His overseas joint industrial ventures in Thailand, Indonesia. The Philippines and Malaysia reaped immense gains, being the largest multinational company set up by a resident Indian industrialist. He has even held the post of Director of the Central Bank of India and Air India.

With its dominion spreading across India and South-East Asia, Aditya Birla’s industries were involved in manufacturing of textiles, chemicals, engineering goods, fertilizers, and palm oil. Amongst his manufacturing houses in India, Hindalco (being amongst the largest low-cost producers of aluminium in the world) and Grasim (the largest producer of viscose staple fibre), shine greatly reflecting the sheer brilliance of this industrial wizard. A thoroughbred businessman and industrialist, Aditya Birla’s determination and innovative theories carved a niche for India, putting this country on the world map amongst the world’s largest companies. He has also been instrumental with his advice on market reform policies to the Indian Government and is well known for his inspirational speeches that nor only motivated people but proved effective as well.

Aditya Birla passed away , aged 51, in Baltimore on 1 October, 1995. For his immense contributions, he was declared as” Business Man of theYear” in 1990. Not many know that Aditya was himself an accomplished artist. In memory of him, the Aditya Vikram Birla Kalashikar Puraskar is awarded to painters and sculptors. He would always be remembered for creating India’s first global corporation.

GROUP COMPANIES

Grasim: viscose staple fibte, rayon grade pulp, cement, chemicals, sponge iron, textiles.

 UltraTech Cement Ltd: ordinary Portland cement, Portland blast furnace slag cement, Portland pozzolana cement and grey Portland cement.

Shree Digviiay Cement:
cement and clinker Hindalco aluminium, copper.

Indian Aluminium Company Ltd: aluminium foil

 Bihar Cosmic and Chemicals Ltd: caustic soda

 Adltya Birla Nuvo: garments, viscose filament yarn, carbon black, textiles

Idea Cellular Ltd: Cellular Telecommunications

 Birla NGK Insulators: Insulators

Birla Sun Life Insurance Co.Ltd: Insurance

Birla Sun Life Asset Management Company Ltd: Mutual funds

Birla Sun Life Distribution Company Ltd: Investment planning services

PSI Data Systems: Application development, maintenance and enhancement solutions

TransWorks: Customer relations management (CRM) services-inbound customer service, including technical support; email/web-chat support; and outbound telemarketing BPO services include transaction processing, financial accounting and human resource (HR) related services

Birla Global Finance Ltd: Asset-based finance, corporate finance and investment banking, capital market, treasury, Birla Privilege (tie-up with Sun Life Financial Services of Canada).

The Group had instituted the Aditya Birla Scholarships in memory of Aditya Vikram Birla, in order to recognize and award fresh talent and potential future leaders from prestigious institutes in India. Every year more than 40 scholars from among six Indian Institutes of Management, seven Indian Institutes of Technology and Birla Institute of Technology and Science receive this scholarship.

A value-based, caring corporate group, the Aditya Birla Group inherently believes in the trusteeship concept of management. A part of the Group’s profits are ploughed back into meaningful welfare-driven initiatives that make a qualitative difference to the lives of marginalized people. These activities are carried out under the aegis of the Aditya Birla Centre for Community Initiatives and Rural Development, which is spearheaded by Raiashri Birla.

Comments

comments

Leave a Reply

Your email address will not be published. Required fields are marked *