Chairman of Aditya Birla Group - Kumar Mangalam Birla is India’s 10th richest person

According to Forbes, Kumar Mangalam Birla has a net worth of Rs 1,05,105 crore.

Kumar Mangalam Birla is the chairman of Aditya Birla Group, which is among the world’s largest conglomerates. He joined as a chairman at the age of 28 when his father, Aditya Birla died in the year 1995.

Aditya Birla Group was founded in 1857 and has a widespread business across different sectors like metals, pulp & fibre, fashion retail, textiles, chemicals, financial services, carbon black, telecom, cement, and renewable energy.

Grasim, Hindalco, UltraTech Cement, Vodafone-Idea Ltd, Aditya Birla Fashion & Retail Limited, Aditya Birla Capital, and Aditya Birla Sun Life Limited are the listed companies which are a part of the Aditya Birla group.

Grasim is the global leader in VSF (Viscose Staple Fibre) and the largest Chlor-Alkali producer in India. The company has a market capitalization of Rs 91,600 crore.

Hindalco is involved in the business of manufacturing aluminium sheet, extrusion and light gauge products which are generally used for packaging beverages and food products. The company has a market capitalization of Rs 77,900 crore.

UltraTech Cement is India’s largest cement and cement product producer in India. It has 24% of India’s installed capacity for cement production. The company has a market capitalization of Rs 167,467 crore.

Vodafone-Idea is the third largest telecom provider in India. The company has been under financial pressure, reporting losses for the last 6 consecutive years. The company has a market capitalisation of Rs 28,200 crore.

Aditya Birla Fashion & Retail Ltd (ABFRL) is involved in the apparel business. India’s iconic brands like Louis Philippe, Van Heusen, Allen Solly, and Peter England belong to the ABFRL. The company has a market capitalization of Rs 24,450 crore.

Aditya Birla Capital is engaged in the business of providing financial services like mutual fund investing, life & health insurance, home finance, etc. The company has a market capitalisation of Rs 22,993 crore.

Aditya Birla Sun Life AMC is set up as a joint venture between Aditya Birla Capital Ltd and Sun Life AMC. The company provides portfolio management services, and offshore and real estate offerings. The company has a market capitalisation of Rs 12,407 crore.