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Aditya Birla Group Chairman Kumar Mangalam’s children Ananya, Aryaman join Hindalco board | Mint
Livemint
·
11m ago
Medial
Hindalco Industries, a subsidiary of the Aditya Birla Group, has appointed Ananya Birla and Aryaman Vikram Birla, the children of Kumar Mangalam Birla, to its board of directors. Ananya Birla is known for her entrepreneurship and music career, while Aryaman Vikram Birla has experience in entrepreneurship and venture capital investing. The board has also welcomed Anjani Kumar Agrawal and Sukanya Kripalu as independent directors, and Bharat Goenka as the CFO (Designate). The move follows the siblings' appointment to other key positions within the Aditya Birla Group in 2023. Hindalco Industries aims to focus on sustainability and a low-carbon future.
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Hindalco ' board approves induction of Ananya, Aryaman Vikram Birla as directors
Money Control
·
12m ago
Medial
Hindalco Industries has announced the induction of Ananya Birla and Aryaman Vikram Birla as directors on its board. The company expects to benefit from their expertise in new-age insights and business acumen as it undergoes a transition towards a low-carbon future. Ananya and Aryaman were previously appointed as directors on the boards of Grasim Industries and Aditya Birla Fashion and Retail in 2023. The board has also inducted Anjani Kumar Agrawal and Sukanya Kripalu as independent directors, and Bharat Goenka as the chief financial officer (Designate).
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Private equity firms at Svatantra Microfin's doorstep
Livemint
·
1y ago
Medial
Svatantra Microfin, India's second-largest microlender, is planning to raise ₹2,000 crore ($266 million) in a funding round led by Advent International and Multiples Private Equity. The Mumbai-based microfinance institution will utilize the funds to fuel its expansion and growth. This follows Svatantra's acquisition of Chaitanya Microfin last year, which boosted its assets under management to over ₹12,874 crore ($1.71 billion). Svatantra focuses on providing loans for agriculture and allied activities across 19 states in India and has become a key focus area for Ananya Birla, daughter of Aditya Birla Group chairman Kumar Mangalam Birla.
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Aditya Birla Group makes $20B investment as it sets eyes on scaling biz: KM Birla
YourStory
·
8m ago
Medial
Aditya Birla Group has invested approximately $20 billion, mainly in the manufacturing sector, with the goal of becoming one of the top players in all the segments it operates in. The group has made tough decisions and acquisitions to build scale, such as acquiring Novelis by Hindalco. Aditya Birla Group Chairman KM Birla emphasized the importance of long-term investments in the manufacturing space, while consumer businesses have a shorter time frame. The group aims to expand its cement business from 100 million tonnes to 200 million tonnes over the next decade.
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0 to 10,000 in 3 years: Birla sets ambitious target for new paints business
Livemint
·
1y ago
Medial
Aditya Birla Group has entered the Indian decorative paints market with the launch of Birla Opus. Chairman Kumar Mangalam Birla expects the paints business to turn profitable within three years, targeting revenues of INR 10,000 crore. The company plans to expand distribution to over 6,000 towns by FY25. Grasim Industries, a flagship business of the Aditya Birla Group, has invested INR 5,000 crore in the decorative paints business and plans to establish six manufacturing plants across India by 2025. Additionally, Birla mentioned that progress is being made in attracting outside investors for Vodafone Idea Ltd, in which the group has a joint venture.
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Ananya Birla founded Svatantra to acquire Sachin Bansal's Chaitanya for Rs 1,479 crore
IndianStartupNews
·
2y ago
Medial
Billionaire Kumar Mangalam Biral daughter Ananya Birla founded Svatantra Microfin said it will be acquiring Chaitanya India Fin Credit, a wholly owned subsidiary of Sachin Bansal's Navi Group (Navi) for Rs 1,479 crore.
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'Abundance' of Stability, Transparency Make US an Attractive Investment Destination: Birla
OutlookIndia
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2m ago
Medial
Kumar Mangalam Birla, chairman of the Aditya Birla Group, highlights the United States as an attractive investment destination due to its stability and transparency. Over the past 17 years, the group has invested $15 billion in the U.S., marking it as the largest Indian investor in the country. With significant ventures like a $4.1 billion aluminium rolling mill in Alabama, Birla emphasizes the group's commitment to long-term impact, employment, and shared global prosperity.
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Aditya Birla subsidiary Novelis files for US IPO, price band at $18-21 per share
Money Control
·
1y ago
Medial
Aditya Birla-subsidiary Novelis Inc, the world's largest producer of flat-rolled aluminium products, has filed for an initial public offering (IPO) in the US. It plans to offer 45 million shares in a price range of $18-$21 per share. The IPO aims to raise $945 million at the upper range and achieve a valuation of up to $12.6 billion. Hindalco Industries, owned by billionaire Kumar Mangalam Birla, will retain approximately 92.5% stake in the company after the IPO. The shares will be listed on the New York Stock Exchange under the ticker 'NVL'.
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'India’s 6-7% growth proves this is our moment', says Kumar Mangalam Birla on 2047 vision
Business Today
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4m ago
Medial
Kumar Mangalam Birla is optimistic about India's future, projecting it as a developed nation by 2047 amid global uncertainties. The chairman of Aditya Birla Group cites India's steady 6-7% growth, policy stability, and infrastructure investments as pivotal for its success. Highlighting strategic ventures in sectors like paints and cosmetics, Birla emphasizes scale and leverage. Addressing global risks, he notes their US operations' local focus, ensuring insulation from potential US tariffs. Birla also values his children's diverse experiences before their business roles.
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Birla Estates buys land from Hindalco Industries for ₹537.42 crore in Mumbai | Mint
Livemint
·
11m ago
Medial
Birla Estates, a real estate venture of the Aditya Birla Group, has purchased a 24.5-acre land in Mumbai Metropolitan Region (MMR) from Hindalco Industries for INR 537.42 crore. The land is located in Kalwa along the Thane-Belapur Road. The purchase was made by Ekamaya Property Pvt Ltd, a wholly owned subsidiary of Birla Estates. The deal was finalized in September 2024 and included a stamp duty of INR 37.61 crore and a registration fee of INR 30,000. This comes after Birla Estates acquired 10 acres of leasehold land in Worli, Mumbai for INR 1,100 crore.
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Hindalco Industries to consider dividend for FY25. Details here
Business Today
·
4m ago
Medial
Hindalco Industries is considering a dividend for FY25, with its stock recently trading 1.53% lower at Rs 682.85, yet up 11.81% in 2025. Previously, a dividend of Rs 3.50 per share was announced. As of December 2024, the promoter stake stood at 34.64%. Hindalco serves as the metals flagship entity of the Aditya Birla Group.
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