Aditya Birla Group
From Wikipedia, the free encyclopedia
 |
This article needs additional citations for verification. Please help improve this article by adding reliable references. Unsourced material may be challenged and removed. (February 2009) |
 |
|
| Type | Private Conglomerate/Listed Companies. |
|---|---|
| Founded | 1960s |
| Headquarters |  Mumbai, India |
| Key people |  Kumar Mangalam Birla (Chairman) |
| Industry | Metals and several others. |
| Products | Aluminium, Copper, Cement, Fertilizer, Textile, Fibre, etc. |
| Revenue | ▲ $29 billion |
| Employees | 130,000 |
| Subsidiaries | Several. |
| Website | www.adityabirla.com |
The Aditya Birla Group is a multinational corporation based in Mumbai, India with operations in 25 countries including Thailand, Dubai, Singapore, Myanmar, Laos, Indonesia, Philippines, Egypt, Canada, Australia, China, USA, UK, Germany, Hungary, Brazil, Italy, France, Luxembourg, Switzerland, Bangladesh, Malaysia, Vietnam and Korea.
The Aditya Birla group is US$ 29 billion conglomerate. The group is a major player in all the industry sectors it operates in. The Aditya Birla Group has been adjudged the best employer in India and among the top 20 in Asia by the Hewitt-Economic Times and Wall Street Journal Study 2007[1]. The origins of the group lie in the conglomerate once held by one of India's foremost industrialists Mr. Ghanshyam Das Birla.
Contents |
[edit] Businesses
Aditya Birla is organized into various subsidiaries that operate across different sectors. Among these are viscose staple fibre, non-ferrous metals, cement, viscose filament yarn, branded apparel, carbon black, chemicals, Retail (under the 'More' brand of supermarkets), fertilizers, chemicals, insulators, financial services, telecom, BPO and IT services.The Group consists of four main companies, which operate in various industry sectors through subsidiaries, joint ventures, etc.These are Hindalco, Grasim, Aditya Birla Nuvo, and UltraTech Cement.
[edit] Non Ferrous Metals
The groups non-ferrous metals are under Hindalco. It is a dominant player in aluminum and copper. Its manufacturing locations are primarily in India, and it owns mines in Australia. On February 11, 2007, the company entered into an agreement to acquire the Canadian company Novelis for U$6 billion, making the combined entity the world's largest rolled-aluminium producer. On May 15, 2007, the acquisition was completed with Novelis shareholders receiving $44.93 per outstanding share of common stock.[2].
Hindalco makes alumina chemicals, primary aluminum, rolled products, alloy wheels, roofing sheets, wire rods, cast copper rods, copper cathodes and several other products.
[edit] Cement
The Groups cement business is under both Grasim and UltraTech cement. Together the two companies under the group account for a substantial share of the cement market in India. UltraTech cement comprises the cement business of L&T which was acquired by the group.
[edit] Carbon Black
The Group is the fourth largest manufacturer of Carbon Black worldwide. It operates out of facilities in Egypt, Thailand, India and China. It is a major supplier to several major automobile tyre manufacturers worldwide.
[edit] Textile Business
The Aditya Birla Group is the world's largest player in the Viscose Staple Fiber industry. It operates out of India, Laos, Thailand, Malaysia and China. It owns the Birla Cellulose brand. Apart from viscose staple fiber, the group also owns acrylic fiber businesses in Egypt and Thailand, viscose filament yarn businesses and spinning mills at several locations all over India and South East Asia. The group has pulp and plantation interests in Canada and has recently invested in plantations in Laos. The Aditya Birla group is also a major player in the branded garments market in India.
[edit] Telecom Services
Idea Cellular is now owned by Adittya Birla Group itself. Idea Cellular started off as a joint venture with the group, AT&T and the Tata Group. However the stakes of the remaining partners was eventually acquired by the group. After an Initial Public Offering on the Indian Stock Markets, Idea Cellular now accounts for a third of the group's market capitalization. The company is headquartered in Mumbai and has over 43.02 million subscribers.
[edit] Other Businesses
Apart from the above businesses, the group is a major player in industry sectors like Insulators, Fertilizers, Insurance (Birla Sun Life Insurance), IT, Chemicals, Mining, Sponge Iron, Financial Services (jointly with Sunlife) and more recently, Retail.
[edit] Philanthropy
The Group actively involves itself in several community development initiatives - in particular around its manufacturing location. The group also supports development activities in areas like healthcare, education, sustainable livelihood, infrastructure and social causes. The group's philanthropic activities are guided by Mrs Rajashree Birla.
It works in 3,700 villages, reaching out to 7 million people annually through the Aditya Birla Centre for Community Initiatives and Rural Development. It runs 45 schools and 18 hospitals.
[edit] See also
[edit] External links
[edit] References
- ^ "Best Employers in India 2007". Hewitt Associates Best Employers in India Survey. 2007-04-13. http://was7.hewitt.com/bestemployers/asia/english/results2007/india.htm. Retrieved on 2007-09-20.
- ^ "Birla buys Novelis for $6 bn". The Indian Express. 2007-02-12. http://www.indianexpress.com/story/23106.html. Retrieved on 2007-02-12.
