The Aditya Birla Group is an Indian multinational conglomerate, headquartered in Worli, Mumbai, India. It operates in 35 countries with more than 120,000 employees worldwide. The group was founded by Seth Shiv Narayan Birla in 1857. The group has interests in sectors such as viscose staple fibre, metals, cement (largest in India), viscose filament yarn, branded apparel, carbonblack, chemicals, fertilisers, insulators, financial services, telecom, BPO and IT services.
The group had a revenue of approximately US$44.3 billion in year 2018. It is the third-largest Indian private sector conglomerate behind Tata Group with revenue of just over US$100 billion and RIL with revenue of US$74 billion.
Video Aditya Birla Group
Non-ferrous metals
The Group's non-ferrous metals are under Hindalco Industries. Its manufacturing locations are primarily in India and it owns mines in Great Sandy Desert, Australia near Nifty Airport called Birla Nifty Copper Operation. On 11 February 2007, the company entered into an agreement to acquire the Canadian company Novelis for US$6 billion, making the combined entity the world's largest rolled-aluminium producer. On 15 May 2007, the acquisition was completed with Novelis shareholders receiving $44.93 per outstanding share of common stock. The Group plans to close a part of its aluminium foil making mill in UK and shift that to its plant near Nagpur.
Hindalco makes alumina chemicals, primary aluminium, rolled products, alloy wheels, roofing sheets, wire rods, cast copper rods, copper cathodes and several other products.
Maps Aditya Birla Group
Cement
The Group's cement business was earlier under Grasim Industries and UltraTech Cement. The two entities have now been merged into UltraTech Cement to form India's largest cement company. UltraTech Cement was acquired from L&T in 2004.
Carbon black
After purchasing Columbian Chemicals Co the Group is now the largest manufacturer of Carbon black worldwide.
Textile business
The Aditya Birla Group is the world's largest producer of Viscose staple fibre. It operates from India, Laos, Thailand, Malaysia and China. It owns the Birla Cellulose brand. Apart from viscose staple fibre, the group also owns acrylic fibre business in Thailand, viscose filament yarn businesses and spinning mills in India and South East Asia. The group has pulp and plantation interests in Canada and Laos. It also owns the Domsjö factory in Sweden which exports viscose today. The Swedish government is hoping to negotiate further investments in Sweden, in particular in the hyper-modern future biorefinery in the city of Örnskökdsvik. Its two companies i.e. Aditya Birla Nuvo Ltd and Grasim Bhiwani Textiles Ltd which is a subsidiary of Grasim Industries are in textile business.
Fashion
Aditya Birla Group sells in-house and other branded apparel via brick-and-mortar and online stores. The group's firm Aditya Birla Fashion & Retail Ltd sells in-house brands such as Louis Philippe Allen Solly, Peter England and People via their individual brand stores and through other multi brand outlets. It also operates a multi brand fashion retail chain Pantaloons which it acquired from Future Group.
The group ventured into niche target and select portfolio apparel in October 2015 with Abof. However the group decided to shut ABOF citing non profitability of eCommerce sector.
Planet fashion
'Planet Fashion' is a men's clothing brand. Commencing in 2001, Planet Fashion now has more than one hundred fifty retailers in 100 cities throughout India. Planet Fashion, right now, is an acronym being a menswear getaway giving comprehensive closet alternatives for all those occasions, around price things, while using greatest brands throughout each category.
The Aditya Birla Group's retail store enterprise - Madura Fashion & Lifestyle - is one of the strongest developing brand clothes corporations throughout The Indian subcontinent. Global marketing involves models like Van Heusen, Allen Solly, Philip Britain and Louis Philippe. Madura Fashion & Lifestyle has 1607 shops, covering 2.2 sq. ft. connected with retail store room. It has 1,500 premium multi-brand shops along with 320+ departmental shops worldwide. The company outsources engineering, textiles and apparel.
Telecom Services
Aditya Birla Group is the majority shareholder of Idea Cellular. Idea Cellular was started as a joint venture with the AT&T and the Tata Group. After an IPO on the Indian stock markets, Idea Cellular now accounts for a third of the group's market capitalisation. The company is headquartered in Mumbai.
Financial Services
Aditya Birla Capital (ABC) is the umbrella brand for all the financial services business of The Aditya Birla Group. ABFSG ranks among the top 5 fund managers in India (including LIC) with an AUM of US$23 billion. Having a strong presence across the life insurance, asset management, lending (excluding Housing), housing finance, equity & commodity broking, wealth management and distribution, online money management portal--Aditya Birla Money MyUniverse, general insurance advisory and private equity and health insurance businesses. In FY 2013-14, ABFSG reported consolidated revenue from these businesses at just under INR70 billion (US$1.0 billion) and profits of about INR7.5 billion (US$110 million). The financial services arm of the group is currently headed by Ajay Srinivasan.
See also
- Kumar Mangalam Birla
- Birla family
- Birla Foundation
- Aditya Birla Minacs
- Grasim Industries
- Yash Birla Group
- CK Birla Group
- Columbian Chemicals Plant explosion hoax in Centerville, St Mary Parish, Louisiana
References
External links
- Official website
Source of article : Wikipedia
0 Comments