๐๐ผ๐ ๐ฑ๐ถ๐ฑ ๐ฎ ๐ฝ๐ฒ๐ฟ๐๐ผ๐ป ๐ณ๐ฟ๐ผ๐บ ๐ฎ ๐บ๐ถ๐ฑ๐ฑ๐น๐ฒ-๐ฐ๐น๐ฎ๐๐ ๐ณ๐ฎ๐บ๐ถ๐น๐ ๐ฏ๐๐ถ๐น๐ฑ ๐๐ต๐ฒ ๐๐ผ๐ฟ๐น๐ฑ'๐ ๐น๐ฎ๐ฟ๐ด๐ฒ๐๐ ๐๐ถ๐ป๐ฐ-๐ฝ๐ฟ๐ผ๐ฑ๐๐ฐ๐ถ๐ป๐ด ๐ฐ๐ผ๐บ๐ฝ๐ฎ๐ป๐? It's about Anil Agarwal. Born in Patna, Bihar in 1954 into a modest family; father ran a small aluminum conductor business. Moved to Mumbai after high school in search of business opportunities. Started trading scrap metal (copper and aluminum) in 1976; gained insights into the metal industry. Founded Sterlite Industries in 1986; focused on copper cable manufacturing. Set up India's first private sector copper smelter and refinery in 1993. Took Sterlite public and rapidly expanded operations. Acquired Bharat Aluminium Company Ltd (BALCO) (51% stake) in 2001 and Hindustan Zinc Ltd (HZL) (65% stake) in 2002 from the Indian government during privatization. Turned both companies profitable and established Vedanta as a leading player in zinc and aluminum. Founded Vedanta Resources PLC in 2003 and listed it on the London Stock Exchange (first Indian company to do so). Consolidated all mining and metal businesses under Vedanta. Acquired Cairn India in 2011; gained control of Indiaโs largest oil-producing fields. Expanded into iron ore, zinc, lead, silver, aluminum, and oil and gas with operations in India, Africa, and Australia. Became one of the largest natural resources companies globally. Focused on acquiring undervalued government assets and turning them profitable. Leveraged India's growing demand for metals and expanded into international markets. Focused on improving operational efficiency and reducing production costs. Took calculated risks, including LSE listing and major acquisitions, even during economic uncertainty. Vedantaโs market capitalization crossed $15 billion at its peak. Vedanta became one of the world's largest producers of zinc and a major player in aluminum and oil production. Faced environmental and human rights issues, including the closure of the Thoothukudi copper plant due to environmental protests. Continued expansion despite operational challenges and regulatory hurdles. Follow me vishakha Jangir for more such business insights.
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