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Anil Agarwal

About Anil Agarwal

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Who is Anil Agarwal

Anil Agarwal is the chairman of Vedanta Resources Plc, a company he founded in 1976. The company started as a cable manufacturer and went on to be listed in the London Stock Exchange in 2003. Agarwal, however, took the company private on October, 2019. 
Agarwal controls Vedanta through Volcan Investments, a holding vehicle with a 100 per cent stake in the business.
 
Agarwal's journey from a scrap dealer to a tycoon
 
Born in 1954 in Patna, Agarwal rose from running a tiny scrap metal business four decades back to becoming one of the India's wealthiest tycoons with a business empire spanning across mining and petroleum.
 
Agarwal began trading in scrap metal in mid-1970s. He acquired Shamsher Sterling Corporation in 1976. Ten years later, he set up Sterlite Industries, which became the first private sector company in India to set up a copper smelter and refinery in 1993. He ventured into mining a few years later and acquired 51 per cent stake in Bharat Aluminium Company (BALCO) and a majority share (nearly 65 per cent) in state-run HZL (Hindustan Zinc Limited).
 
In 2003, Agarwal incorporated Vedanta Resources in London to access international capital. The firm is a globally diversified natural resources conglomerate, with interests in zinc, lead, silver, copper, iron ore, aluminium, power generation, and oil and gas.
 
Retirement and succession plan
 
Agarwal in 2012 indicated that he would in 3-4 years time step back from leadership and take a mentoring role as non-executive chairman. But in January 2019, he said he has no immediate plans to retire or take a non-executive role at Vedanta Group.
 
He also ruled out someone from his family succeeding him.
 
Philanthropy
 
In 1992, Agarwal created the Vedanta Foundation to carry out philanthropic programs and activities. He has pledged to donate 75 per cent of his family’s wealth to charity, saying he was inspired by Bill Gates.

Latest Updates on Anil Agarwal

Winning government funding is key to fulfilling Agarwal's chip dream, given his broader empire is facing intensifying financial strain

Updated On: 06 Apr 2023 | 1:09 PM IST

Vedanta's HZL signed an MoU with the Rajasthan Cricket Association for the development of the world's third-largest cricket stadium in the village of Chonp in Jaipur

Updated On: 30 Mar 2023 | 4:47 PM IST

Hindustan Zinc dividend: In FY23 so far, the company has announced a dividend worth Rs 75.5 per share, and out of this, Rs 49.5 per share have already been received by the shareholders

Updated On: 29 Mar 2023 | 12:55 PM IST

Vedanta dividend 2023: The company has already given four interim dividends totalling Rs 81 so far in the current financial year

Updated On: 28 Mar 2023 | 12:54 PM IST

Vedanta's quest to raise cash comes during a rocky time for India's business elite. Highly leveraged conglomerates are under increased scrutiny after a short seller accused Gautam Adani

Updated On: 26 Mar 2023 | 10:06 PM IST

Vedanta Ltd on Thursday termed any talks of sale in oil-to-metals conglomerate as untrue and baseless. This comes in the wake of news report which said that Anil Agarwal is contemplating a stake sale

Updated On: 23 Mar 2023 | 2:29 PM IST

The Rajasthan-based miner will pay an interim dividend of 26 rupees per share totaling 109.9 billion rupees, according to an exchange filing Tuesday

Updated On: 22 Mar 2023 | 12:56 PM IST

The Rajasthan-based miner will pay an interim dividend of 26 rupees per share, according to an exchange filing Tuesday

Updated On: 21 Mar 2023 | 10:02 PM IST

With Adani scandal putting Modi govt under heightened scrutiny about entanglement of public purpose with private profit, Vedanta's top priority should be to stay out of the headlines

Updated On: 27 Feb 2023 | 7:05 AM IST

Investors to whom Agarwal pitched the plan raised concerns about the group's limited experience in the sector, say people aware of the development

Updated On: 14 Dec 2022 | 7:46 PM IST

It cannot be a small capacity plant, says Anil Agarwal

Updated On: 02 Dec 2022 | 12:13 AM IST

Vedanta Group approved the third interim dividend of Rs 17.50 per share or 1750 per cent for the financial year 2022-23, on Tuesday November 2022

Updated On: 22 Nov 2022 | 6:13 PM IST

The development acquires significance since Vedanta's holding company, Vedanta Resources, will receive nearly 70 per cent of the dividend to be distributed

Updated On: 12 Oct 2022 | 7:50 PM IST

Shareholders of Indian unit Vedanta Ltd. will on a company plan to move money out of its reserves and into its balance sheet, increasing the probability that the funds will be used for dividends

Updated On: 07 Oct 2022 | 11:03 PM IST

As a political storm brewed over his group shifting a multi-billion dollar semiconductor factory from Maharashtra to Gujarat, Anil Agarwal said the site was chosen based on professional advice

Updated On: 15 Sep 2022 | 6:33 PM IST

Agarwal said that Gujarat met expectations and the decision was made a few months ago

Updated On: 15 Sep 2022 | 12:30 AM IST

Vedanta chairman says chips from Gujarat would help to foster clusters of companies that could make products like iPhones, television sets, laptops and other electronic goods in India

Updated On: 14 Sep 2022 | 7:22 PM IST

Each one of them has played a key role in the building of India, taking ideas and giving them wings. Here's a look at 20 leaders of India Inc who are inseparable from the idea of India

Updated On: 12 Aug 2022 | 11:19 AM IST

Business Standard brings you the top headlines at this hour

Updated On: 11 Aug 2022 | 7:30 AM IST

Agarwal pointed to the acquisition of Goa-based Nicomet (in December 2021), which has made Vedanta the only producer of nickel in India

Updated On: 11 Aug 2022 | 2:27 AM IST