Mangalam is an Indian industerial and the chairmanof the Aditya Birla Group, one of the largest conglomerate corporations in India. He is also the chancellor of the Birla Institute of Technology & Science .He was Born on the 14th of June 1967 in Rajasthan, Kumar Mangalam Birla is the
4th generation business person of the Birla family. The family he comes
from is an industrial as well as has a social history in India. He spent
his childhood in Kolkata and Mumbai. As for education, he obtained his
B. Com degree in the University of Bombay and his CA from ICAI. He
obtained his MBS from the London Business School.
The role of chairman at the tender age of 28, Kumar Birla has taken his father's company from $2 billion in revenues to $30 billion as his empire continues to delve into new sectors and new operating centers across the world.The 43-year-old is at the helm of India's first true multinational company, the Aditya Birla Group, named after his father, who ran the company before his death in 1995. The Birla family business itself goes back four generations.
He founded the "MORE Store " in 2007.
ABRL is the fourth largest supermarket chain in the country after Future Group, Reliance Retail and D-Mart.It operates two different store formats - Supermarket and Hypermarket under the brand more..Now, The retail arm of Aditya Birla Group, a USD 41 billion corporation in
the league of Fortune 500 companies. The Company ventured into food and
grocery retail in 2007 through the acquisition of Trinethra Super Retail
and subsequently expanded its presence nationally under the brand 'more' across Supermarkets & Hypermarkets. There are currently 503 Supermarkets and 20 Hypermarkets and more aims to offer a shopping experience that delivers unbeatable value and quality..As per a report in Economic Times, Aditya Birla Retail Ltd ( ABRL) with
its 500 + 'More' branded supermarkets and 14 hypermarkets reported
sales of Rs 1,966 crore and a net loss of Rs 650 crore in the year ended
March 2012. The company has accumulated losses of Rs 2,984 crore since
it entered the segment over six years ago.
On July 15, 2015, Kumar Mangalam Birla announced the merger of all the retail businesses and create a single listed company.As a part of this restructuring effort, Fashion & Lifestyle business will be de-merged from the Aditya Birla Nuvo and merged with other retail businesses. It is likely that after the merger is complete, about 10% of the stock would be sold to PE players to raise Rs. 3000 crore. However, the restructuring plan has yet not been finalized.
One passionate thing about Kumar Mangalam is, his primary motivation is to earn and return those earnings to the community. Especially in the form of education. There is an international institution in Mumbai that he runs, focusing on the growth of future industrialists.
The role of chairman at the tender age of 28, Kumar Birla has taken his father's company from $2 billion in revenues to $30 billion as his empire continues to delve into new sectors and new operating centers across the world.The 43-year-old is at the helm of India's first true multinational company, the Aditya Birla Group, named after his father, who ran the company before his death in 1995. The Birla family business itself goes back four generations.
He founded the "MORE Store " in 2007.
On July 15, 2015, Kumar Mangalam Birla announced the merger of all the retail businesses and create a single listed company.As a part of this restructuring effort, Fashion & Lifestyle business will be de-merged from the Aditya Birla Nuvo and merged with other retail businesses. It is likely that after the merger is complete, about 10% of the stock would be sold to PE players to raise Rs. 3000 crore. However, the restructuring plan has yet not been finalized.
Globally, the Aditya Birla Group is:
- A metals powerhouse, among the world's most cost-efficient aluminium and copper producers. Hindalco-Novelis is the largest aluminium rolling company. It is one of the three biggest producers of primary aluminium in Asia, with the largest single location copper smelter
- No.1 in viscose staple fibre
- No.1 in carbon black
- The fourth-largest producer of insulators
- The fifth-largest producer of acrylic fibre
- Among the top 5 cement producers globally
- Among the best energy-efficient ferlterision plants
- The largest Indian MNC with manufacturing operations in the USA, wherein 95 per cent of the workforce comprises of Americans.
Aditya Birla Group – The Indian Scenario
- A top fashion (branded apparel) and lifestyle player
- The second-largest player in viscose filament yarn
- The largest producer in the chlor-alkali sector
- Among the top three mobile telephonic companies
- A leading player in life insurance and asset management
- Among the top two supermarket chains in the retail business.
One passionate thing about Kumar Mangalam is, his primary motivation is to earn and return those earnings to the community. Especially in the form of education. There is an international institution in Mumbai that he runs, focusing on the growth of future industrialists.
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