Kumar Manglam (Aditya Birla Group)
| Kumar Mangalam Birla Net Worth | $13.2 Billion |
|---|---|
| Name | Kumar Mangalam Birla |
| Net Worth In Indian Rupees: | 96,000 Crore INR |
Born: June 14, 1967
Achievement: Chairman of the Aditya Birla Group; Chosen as Ernst & Young Entrepreneur of the Year – India in 2005.
Kumar Mangalam Birla is the Chairman of the Aditya Birla Group. The group is India’s third largest business house. Major companies of Aditya Birla Group in India are Grasim, Hindalco, UltraTech Cement, Aditya Birla Nuvo and Idea Cellular. Aditya Birla Group’s joint ventures include Birla Sun Life (Financial Services) and Birla NGK (Insulators). The group also has its presence in various countries such as Thailand, Indonesia, Malaysia, Philippines, Egypt, Canada, China and Australia.
Born on June 14, 1967, Kumar Mangalam Birla spent the early of his life in Calcutta and Mumbai. He is a Chartered Accountant and did his MBA (Masters in Business Administration) from the London Business School, London. Kumar Mangalam Birla took over as Chairman in 1995, at the age of 28, after sudden demise of his father, noted industrialist Aditya Birla, after whom the group is named.
When Kumar Mangalam Birla assumed the mantle at the Aditya Birla Group, Doubts were raised about his ability to handle a giant business house with interests spanning viscose, textiles and garments on the one hand and cement, aluminium and fertilisers on the other. But Kumar Mangalam proved his skeptics wrong. He brought in radical changes, changed business strategies, professionalised the entire group and replaced internal systems. Kumar Mangalam reduced his group’s dependence on the cyclic commodities sectors by entering consumer products.
Under Kumar Mangalam Birla’s leadership, the Aditya Birla Group, apart from consolidating its position in existing businesses, also ventured into sunrise sectors like cellular telephony, asset management, software and BPO.
Kumar Mangalam Birla also holds several key positions on various regulatory and professional boards, including chairmanship of the advisory committee constituted by the ministry of company affairs for 2006 and 2007, membership of the prime minister of India’s advisory council on trade and industry, chairmanship of the board of trade reconstituted by the union minister of commerce and industry, and membership of the Central Board of Directors of the Reserve Bank of India.
Kumar Mangalam Birla has won several honors. Major among them include The Business Leader of the Year (2003) by The Economic Times, Business Man of the Year – 2003 by Business India, and The Ernst & Young Entrepreneur of the Year – India in 2005.
Spouse/Ex-: Neerja Birla
Father: Aditya Vikram Birla
Personal Life-
He got married to Neerja Kasliwal, who is a full time homemaker with no business ambitions. The couple has three children; two daughters, Ananyashree and Advaitesha, and a son, Aryaman Vikram.
Childhood & Early Life
Kumar Mangalam Birla was born on June 14, 1967, he grew in a Marwari family which had a growing and thriving old business, his father was Aditya Vikram Birla and his mother was Rajashri Birla. Kumar has a sister, Vasavadatta.
Kumar is a 4th generation member of this Marwari business family. He was born in Kolkata and raised in Mumbai. Being a part of this conglomerate holding family always made him think about his family’s name and the wealth and responsibilities of the business.
After completing schooling at Sydenham College of Commerce, and his B.Com degree from the University of Bombay he moved to London business school for pursuing Post Graduation in MBA. He also became a Chartered Accountant a part of ICAI.
Career-
In 1995, when he took over Aditya Birla group as a chairman of the company due to the untimely demise of his father at the age of 28. There he had to face scepticism, questions were raised regarding his inexperience and capabilities to manoeuvre Aditya Birla Group which was already a thriving business in India and were on expanding process but with his passion and dedication, he proved every questioner wrong and reflected to be astute.
He expanded the company’s business to software, BPO, telecom and in many several other areas. He holds the company’s chairman position with his business spanning over many countries.
He had also been on the designation of Chairman of Securities and Exchange Board of Indias (SEBI) Committee on Corporate Governance, and the Chairman of SEBIs Committee on Insider Trading.
He has also served as the Chairman of the Board of Trade constituted by the Ministry of Commerce & Industry and worked as the Chairman of the Ministry of Company Affairs Advisory Committee.
He is also a part of the National Council of the Confederation of Indian Industry (CII), which is the Apex Advisory Council for Associated Chambers of Commerce, and the Advisory Council for the Centre for Corporate Governance. He served as the Director of the Central Board of Directors of the Reserve Bank of India.
Major Works
After becoming the chairman of the Aditya Birla Group he brought very significant changes regarding, professionalism and strategies necessary for speeding the growth of the company gradually over the years.
As a philanthropist, he has contributed to different sectors of society for a strong and progressive impact on the quality of life of the poor and week parts of society he is doing this not only in India but also in many countries around the globe i.e. Thailand and Egypt etc.
Awards & Achievements
Kumar has been awarded several honourable awards, a few among them are listed below.
In 2003, he was awarded The Business Leader of the Year by The Economic Times. In 2006 CEO of the year by International Advertising Association. In 2014 “Global Leadership Award” by the US India Business Council.
In 2012 Most Inspiring Leader title from NDTV Profit Business Leadership Awards.
He has also been the chairman of IIM Ahmedabad and IIT Delhi, and also been the Chancellor of Birla Institute of Technology & Science (BITS).
Kumar Mangalam Birla’s daughter, Ananya Birla’s music career
Ananya Birla’s music journey also started right from the bottom. The singer used to sing at bars and pubs while she was studying at the University of Oxford. However, after a lot of struggle and hard work, Ananya recorded her first debut single, Livin’ The Life, at a studio in Philadelphia.
Ananya Birla is the first Indian singer to be signed by Maverick Management
The year 2020 was a big turning point in Ananya Birla’s music career as she had signed a deal with one of the biggest music labels in the world, Maverick Management. The American Music company is famous for signing legendary singers like Ricky Martin, Aerosmith, Steven Tyler and many more. Thus, it was a huge moment for Ananya Birla as she was signed by one of the world’s biggest music labels.
Soon after her collaboration with Maverick Management, Ananya Birla became the first Indian artist to be featured on the famous pop radio show, Sirius XM Hits after the success of her back-to-back hits, Let There Be Love and Everybody’s Lost.
