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Kumar
Mangalam Birla
Dr.
Kumar Mangalam Birla
is the
Chairman of the Aditya Birla Group. This is a massive group that has
interests
in many sectors like cement, steel, Telecom, Insurance etc. The
group's
operations extend to many countries across the globe. Aditya Birla
Group is a
household name in India, and one of India's largest business houses.
Kumar
Mangalam Birla was
born
on 14 June, 1967, to the illustrious Aditya Vikram Birla. Aditya
was an
eminent industrialist and doyen of the Aditya Birla Group. He was
raised in
Calcutta and Mumbai as the family business were concentrated in these
two
cities. Kumar Mangalam studied to be a Chartered Accountant and
completed his
MBA (Masters in Business Administration) from the London Business
School. Soon after his education, Kumar Mangalam joined the family
business and started to learn under the guidance of his father.
The
Birla group was
founded a
century back, were well established, and prosperous at that time. In
fact, it
was one of the few Indian business groups that were truly
global. This was
the heritage of Aditya Birla, who believed in putting his business on
the
globe, way before globalization became a key word in the Indian economy.
Kumar
Mangalam benefited
greatly from this, and under his leadership, the group's vision grew
from
strength to strength. When Aditya Birla expired in 1995, the
complete
management of the group came under Kumar Mangalam. This would have made
anyone
falter, but Kumar Mangalam had been tutored by his legendary father.
And knew
that he had to carry on his father's legacy. Under the aegis of Kumar
Mangalam,
the Birla group's revenues have grown to massive levels over the years
putting
the Aditya Vikram Birla group amongst the top companies in India and
the world.
Kumar
Mangalam has been
instrumental in growing and diversifying the groups businesses in the
last 15
years. Some of its major companies in India are Grasim, UltraTech
Cement,
Hindalco, Indian Rayon, Indo Gulf and India. The group has also
partnered with
other companies to jointly promote - Idea Cellular (Telecom), Birla Sun
Life
(Financial Services) and Birla NGK (Insulators). Kumar Mangalam is the
Chairman
of all of the Group's blue-chip companies in India. He serves as a
Director on
the board of the Group's international companies in Thailand,
Indonesia,
Malaysia, Philippines and Egypt. The Group's operations extend to
Canada,
China, USA, UK and Australia as well.
The
economic upsurge in
India
had benefited the group’s revenues tremendously. Under Kumar
Mangalam's able
guidance, the group touched revenues of $6 billion, placing them
solidly on the
list of top performing companies in the world. The stock prices of the
group's
flagship company - Grasim, a fiber and Cement Company, and aluminium
maker
Hindalco has surged in the recent past, further adding to the group's
fortunes.
Kumar Mangalam's telecom company - Idea Cellular, which is in alliance
with
Tata and AT&T, bought Escotel, a telecom services provider for $256
million, winning out over fellow billionaire Sunil Mittal.
Kumar
Mangalam has ensured
his
contribution to society too. He has launched the Aditya Birla
Scholarships for
deserving’s students. Also the group is involved in several
social causes like
adult education, rehabilitation of the handicapped, village
infrastructure
development among others. The media too, has showered accolades on
Kumar
Mangalam. Between 1997 to date, NDTV, Star Plus, India Business Week
designated
him as 'The Businessman of the Year'. Global Finance has cited him
among the 10
Super Stars of corporate finance. Business World ranked him among the
top 10 of
India's most admired and respected CEOs. And the top CEO of the coming
millennium.
Kumar
Mangalam is married
to
Neerja Birla, and has three children, Ananyashree, Aryaman Vikram, and
Advaitesha. Along with his wife Neerja, he launched the Sarala
Birla
Academy, a boarding school for boys named after his grandmother. He was
chosen
as Ernst & Young Entrepreneur of the Year - India, in 2005. An
iconic
figure, Kumar Mangalam Birla holds several key positions on various
regulatory
and professional boards. He is a director of the Central of Directors
of the
Reserve Bank of India and chairman of the Staff Sub-Committee of the
Central
Board of the Reserve Bank of India. He serves on the Prime Minister of
India’s
Advisory Council on Trade and Industry. He is the chairman of the Board
of Trade
constituted by the Union Minister of Commerce & Industry, also
chairman of
the Ministry of Company Affairs' Advisory Committee.
Kumar
Mangalam Birla is all geared up to set new
standards in Indian business. And take his organization even further.
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Short
Biography
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