Group's international footprints made a beeline for success
21st July, 2016
The Economic Times
21 July 2016
Kumar Mangalam Birla: Chairman, Aditya Birla Group
What it was in 1991:
The Aditya Birla group was primarily a commodities player, spanning cement, aluminium and oil refining. With revenues of around $1.5 billion, it expanded to foreign shores as the licensing raj delayed building new business in India.
How liberalisation changed life:
The group included India's largest cement maker, largest aluminium producer and third largest mobile telephony company, making it the third largest diversified conglomerate.
What he went on to achieve:
The group chose M&As as a key strategy to purchase cement plants both in India and overseas, bought the world's largest aluminium can maker Novelis and transformed itself from a commodities player to one with interests in mobile telephony, retail, apparel and financial services. It is now looking to diversify into defence.