Aditya Birla Nuvo: A Premium Conglomerate
Aditya Birla Nuvo Ltd. (ABNL) is a premium conglomerate. It is part of the Aditya Birla Group, a US $41
billion Indian multinational, operating in 36 countries in six continents. Read More
Board of Directors & Management team
Aditya Birla Nuvo has transformed itself from a manufacturing company to a diversified conglomerate. Over the course of this journey, the company has been lead by a management team that represents some of the most reputed and experienced professionals, across industries.
- Reaching new
2012 – 2016
- A new identity
- Acquisitions and
- The diversification
- The beginning
Aditya Birla Nuvo continued to strengthen its leadership position in the core
businesses while exiting
from the sub scale businesses and unlocking value for the shareholders
Preferential allotment of 16.5 million warrants to promoters on 10 May, 2012 on receipt of 25 per cent upfront application money of Rs.376 crore
ABNL board approves the acquisition of controlling stake in ‘Pantaloons Fashion’ business post its demerger from Future Retail Ltd. (FRL) (formerly known as Pantaloon Retail (India) Ltd).
MFL launches the quintessential British men’s luxury clothing and accessories brand Hackett London through a joint venture with the UK firm.
Promoters infused a sum of Rs. 1,127 Crore, being 75% amount payable on the conversion of 16.5 million warrants allotted in 2012
On effectiveness of the Scheme of Arrangement by High Court, ‘Pantaloons Fashion’ business got transferred to Pantaloons Fashion & Retail Limited (PFRL), a subsidiary of ABNL. Post demerger and open offer, the holding of ABNL, through its wholly owned subsidiary, became 67.95% in PFRL.
Considering the sector dynamics and to ensure focus on other businesses, ABNL divested its Carbon Black Business at an enterprise value of Rs. 1451 Crore
Indian Rayon expanded its VFY capacity by 2,300 tons p.a. using Spool technology imported from Germany
Linen Yarn and Linen Fabric processing capacities expanded from 2,300 TPA to 3,400 TPA and from 7.3 million meters p.a. to 10.1 million meters p.a.
Considering the sector dynamics and to ensure focus on other businesses, ABNL divested its IT-ITeS business at an enterprise value of ~ USD 260 million
Commenced housing finance operations and signed MoU with MMI Holdings Ltd. (a leading South African financial services group) to enter the Health Insurance business in India
ABNL announces consolidation of branded apparels businesses under its listed subsidiary - Pantaloons Fashion & Retail Ltd.
ABNL receives in-principle approval from RBI to set up Payments Bank in a 51:49 Joint Venture with Idea Cellular
ABNL forms a 51:49 JV with the Abraaj Group to invest in the Solar Power Business in India.
ABNL to enter into a 51:49 JV with MMI Holdings to foray in health insurance business in India.
Life Insurance JV Partner Sun life to raise its stake in Life Insurance JV from 26% to 49%.
Scheme of demerger of Madura division into Pantaloons Fashion & Retail Ltd (PFRL) becomes effective. PFRL gets rechristened as Aditya Birla Fashion & Retail Ltd (ABFRL), thereby, creating India’s largest pure play fashion & lifestyle Company. Post allotment of equity shares by ABFRL to the shareholders of ABNL, ABFRL has ceased to be the subsidiary of ABNL, with the reduction in resultant holding of ABNL in ABFRL to 9.1%. The consolidation unlocks value for the shareholders by giving them an opportunity to participate in the promising fashion space directly through ABFRL
The proposed Payments Bank incorporated as Aditya Birla Idea Payments Bank Ltd.
Indian Rayon's new identity as Aditya Birla Nuvo marks the transformation of a manufacturing company into
a premium conglomerate with diversified businesses. Its tagline of strong foundation, energised growth
reflects the company's thrust on growth and creation of value.
Indian Rayon rechristened as Aditya Birla Nuvo
Merger of Indo Gulf Fertilisers Limited and Birla Global Finance Limited with the company, effective from 1 September 2005. By virtue of the merger, Birla Sun Life Asset Management and Birla Sun Life Distribution, leading players in high growth Asset Management and Wealth Management industry came into the company's fold.
Increased stake from 4.3 per cent to 20.7 per cent in Idea Cellular Limited, a company in the high growth telecom sector
Increased stake from 20.7 per cent to 35.7 per cent in Idea Cellular Limited
Acquired Minacs, a leading Canadian BPO company in August 2006
Caustic soda capacity increased by 65 tpd taking total capacity to 225 tpd
18 mw power plant commissioned in September 2006 in the Rayon division
Wholly owned subsidiary "Aditya Birla Insulators Ltd." merged into Aditya Birla Nuvo w.e.f. 1 April 2007
Raised Rs. 777 crore through rights issue of equity shares
Brownfield expansion of 60,000 tpa completed at HiTech Carbon, Gummidipundi, taking total capacity to 2,30,000 tpa
Preferential allotment of 20.5 million warrants to promoters. Promoters infused Rs. 719 Crore on conversion of 1.7 million warrants and as 10% application money on balance 18.8 million warrants
Acquired 76% stake in Apollo Sindhoori, a retail broking company. Re-brands it as Aditya Birla Money Ltd.
Acquired balance 50% stake in Birla Sun Life Distribution. Re-brands it as Aditya Birla Money Mart Ltd.
Preferential allotment of 18.5 million warrants to promoters. Promoters infused a sum of Rs. 250 crore in June 2009 as 25% application money and Rs. 325 Crore in October 2009 on conversion of 8 million warrants into equity shares.
Greenfield Carbon Black capacity expansion to reach 0.3 million mtpa
Promoters infused a sum of Rs. 426 Crore in December 2010, on conversion of balance 10.5 million warrants into equity shares
ABNL purchased stake of RHCP in Aditya Birla Minacs, the ITeS business and merged its IT business into Aditya Birla Minacs. Consequently the shareholding of ABNL in Aditya Birla Minacs increased to 99.85%.
The journey continues - the company goes through a spate of acquisitions and joint ventures to
bring into its fold new businesses like garments, life insurance, IT services and BPO
Indian Rayon's cement business transferred to Group company Grasim, as part of cement business consolidation
Production commences at Hi-Tech Carbon's second carbon black plant at Gummidipoondi, Chennai
Indian Rayon returns surplus cash to shareholders through a buyback
Indian Rayon acquires Madura Garments, taking the Aditya Birla Group to the top of the league in the branded apparels sector
Life insurance joint venture — Birla Sun Life Insurance Company commences operations in March
Indian Rayon acquires PSI Data Systems
Insulators business hived into a separate subsidiary, effective from 1 August 2002
Joint venture with NGK of Japan – Birla NGK Insulators Pvt Ltd – launched on 6 February 2003
Entry into business process outsourcing (BPO), with the acquisition of TransWorks, a leading Indian ITES / BPO company
Brownfield expansion of 40,000 tpa completed at HiTech Carbon,Gummidipundi, taking total capacity to 1,60,000 tpa
This period saw the diversification of the company to include businesses like textiles, insulators,
cement and carbon black. The company is renamed as Indian Rayon and Industries Limited.
Jaya Shree Textiles and Industries Limited, active in textiles and insulators, is merged with Indian Rayon Corporation Ltd
Jaya Shree Insulators' second unit at Halol goes on stream
Indian Rayon enters cement business
Indian Rayon Corporation renamed as Indian Rayon And Industries Limited, to reflect the diversified activities of the company
Indian Rayon forays into carbon black. Hi-Tech Carbon (Renukoot) goes on stream
Aditya Birla Nuvo traces its origins to a modest beginning with the acquisition of Indian Rayon
Corporation Limited, a viscose filament yarn manufacturing unit, in 1963.
Business-wise capacity and distribution network
Assess the business- wise capacity and network of Aditya Birla Nuvo’s businesses.Read More
Aditya Birla Nuvo Limited
Corporate Finance Division
4th Floor, 'A' Wing
Aditya Birla Centre
S. K. Ahire Marg, Worli,
Mumbai 400 030
Aditya Birla Financial Services
One Indiabulls Centre, Tower 1,
Jupiter Mills Compound,
841, Senapati Bapat Marg,
Mumbai - 400 013. Maharashtra
Idea Cellular Ltd.
5th Floor, Windsor
Off CST Road, Kalina
Mumbai 400 098.
Indo Gulf Fertilisers
P.O. Jagdishpur Industrial Area
Dist. Amethi - 227 817
Uttar Pradesh, India.
Aditya Birla Nuvo
Indian Rayon Compound
Veraval 362 266
Aditya Birla Insulators
P.O. - Meghasar Taluka - Halol
Dist. - Panchmahal
Indian Rayon Compound
Veraval - 362 266 Gujarat.
Idea Cellular Limited
Suman Tower, Plot No. 18,
Gandhinagar – 382 011
Jaya Shree Textiles
PO: Prabhasnagar 712 249
Aditya Birla Insulators
P.O. Prabhas Nagar, Rishra
Dist. Hooghly - 712249