Kumar Mangalam Birla

Aditya Birla Group Chairman Kumar Mangalam Birla, the recipient of Padma Bhushan this year, is the fourth in the extended Birla family to be conferred the nation's highest civilian honours. Birla (55), was conferred the Padma Bhushan, the country's third highest civilian award by President Droupadi Murmu on Wednesday. His great grandfather GD Birla was a recipient of Padma Vibhushan in 1957 and his mother Rajashree Birla was awarded Padma Bhushan in 2011. GP Birla, cousin of Kumar Mangalam Birla's grandfather BK Birla, was awarded Padma Bhushan in 2006. Kumar Mangalam Birla (KM Birla) has been at the helm for 28 years of the diversified Aditya Birla group with its presence ranging from metals, pulp and fibre, chemicals, textiles, carbon black, telecom, cement, financial services, fashion retail and renewable energy. He transformed the group into an Indian multinational with operations in 36 countries across six continents and increased the group's turnover by over 30 times to USD

Chaired by K M Birla, the 8-member panel will select best in corporate India across 7 categories

From Ambani to Birla, more and more business families in India are showing trust in their scions

'Thin line between hustle and hubris', Kumar Mangalam Birla warns upcoming companies in blog post

In his annual note, Birla listed five trends that will have a multi-year impact on the world

The publicly-traded company has held talks with potential buyers about a sale of Aditya Birla Insurance Brokers Ltd. as it failed to scale up the 19-year-old business

Aditya Birla Fashion and Retail Ltd (ABFRL) is confident of fortifying its market position further and surpassing the projected revenue of Rs 21,000 crore by 2026, said its chairman Kumar Mangalam Birla on Monday. ABFRL is leveraging technology and its execution excellence to build a strong, profitable and future-ready brand portfolio, Birla told shareholders at the 15th annual general meeting of the company. "We had projected a revenue of Rs 21,000 crore for the year 2026 during our annual investor day held in March 2021. I am very confident that we will be able to surpass that target and set even higher milestones for the business going forward," he said. For the financial year ended on March 31, 2022, ABFRL's revenue stood at Rs 8,136 crore, recording a growth of 55 per cent. "The strong revenue recovery resulted in improved profitability over the previous year. Several initiatives encompassing cost management, supply chain optimisation and smart procurement were taken up by the

Despite global headwinds due to the ongoing Russia-Ukraine war and lingering post-pandemic challenges, the Indian economy has some "bright spots" to help sail through the choppy waters, industrialist Kumar Mangalam Birla said on Friday. Addressing shareholders of Aditya Birla Capital Ltd (ABCL) at the company's Annual General Meeting (AGM), Birla said the turn of the decade felt like a "moment of departure", making 2020 an unprecedented year marred by the pandemic, followed by supply side woes of 2021 and then the Russia-Ukraine war in 2022. Global stagflation is making 2022 feel unprecedented and disruption now feels like 'business as usual', Birla noted. "The Indian economy has not remained unscathed by these global developments. India has also witnessed upward pressures on inflation, rate hikes by the RBI and a widening trade deficit. We are also seeing greater turbulence in currency markets," said Birla, chairman of Aditya Birla Group's financial services arm ABCL. Nevertheless

Hindalco Industries Chairman Kumar Mangalam Birla on Tuesday said the company has earmarked a total capital expenditure of about USD 8 billion over the next five years in its arm Novelis and India. Novelis has found potential investment opportunities of USD 4.5 billion. Birla was speaking at the Hindalco's AGM. He said the company has identified potential investment opportunities of nearly USD 3 billion in India. Birla further said that 70 per cent of the company's consolidated cash flows will be allocated towards high-growth downstream segments , including EVs, mobility, batteries and Consumer durables. "On the back of solid financial performance and a strong balance sheet, your company is well-positioned to drive a new wave of transformational growth fuelled by organic expansion." The company plans to achieve a renewable capacity of 300 MW by FY'25, including 100 mw solar power capacity with hybrid storage.

Even as the use of technology is growing in life and industry, the value of human creativity is growing even more exponentially, Aditya Birla Group Chairman Kumar Mangalam Birla said on Saturday. "We are entering a high-tech and high-touch world. As the application of technology is growing in life and industry, the value of human creativity is growing even more exponentially. I would argue that the value of human touch and empathy is directly proportional to the growth of technology," Birla said while addressing the convocation of the Indian Institute of Technology, Bombay. He said that over the coming decade technologists, industrialists, politicians and citizens alike will need to grapple with some existential questions. "For instance, the question of drinking water - 3/4th of the earth is water, and yet we are grappling with problems of drinking water. Similarly, the question of clean energy adequacy... we in India have sunshine, yet we are energy deficient," he added. The bigge

'The Indian economy is headed towards a steady recovery and as the vaccination drives progress, consumers are expected to get back to shopping with renewed confidence'

The economic activity in India has witnessed a sharp recovery to pre-pandemic levels on the back of a rapid and widespread rollout of the vaccination programme, Birla said

Investment adds new high-growth engine within Grasim's standalone businesses and of its associate cos; firm is spending Rs 10,000 cr in new paints business, will launch products by early 2024

Kumar Mangalam Birla comes from old money, unlike Adani, a first-generation entrepreneur

This ambitious capacity expansion plan is a significant milestone in the ongoing transformational growth journey of UltraTech, says Kumar Mangalam Birla, chairman, Aditya Birla Group

He was speaking during a session on 'Balancing globalisation and resilience in a time of crisis' at the World Economic Forum Annual Meeting 2022.

Here is a list of all the events at WEF 2022, Davos that will be attended by Indian ministers, CEOs, and corporate honchos

The new facility will increase Novelis's, unit of Hindalco, recycling capacity to 90 billion cans globally, from 74 billion currently

Century doesn't own 30 acres of land in Worli, it claims to own, says Nusli Wadia in public notice

Competition for investment & FOMO have pushed up valuations, he says