4th Generation Kumar Mangalam Birla, Net worth, Education, Family, Biography, House ,

Kumar Mangalam Birla is an Indian business magnate who holds the position of Chairperson in the largest global business group of India, which operates in 36 countries across all six continents. This business group generates 50% of its revenue from overseas operations. Mr. Birla is a prominent figure in the Indian business community, and his leadership in this group has helped to cement its position as a major player in the global economy.

In addition to his role as Chairperson of the largest global business group in India, Kumar Mangalam Birla is also affiliated with the Birla Institute of Science and Technology as its chancellor. Moreover, he has served as the Ex-Chairman of the Indian Institute of Management Ahmedabad. These positions highlight Mr. Birla’s commitment to education and his desire to contribute to the development of the next generation of leaders in India.                                           

During his speech at the UP Global Investor Summit 2023, Kumar Mangalam Birla stated that India’s economy is currently experiencing the highest rate of growth among large economies in the world. He also expressed his belief that India is on track to become the world’s third-largest economy by the year 2030. As a respected business leader and educational figure in India, Mr. Birla’s comments carry significant weight and demonstrate his optimism for the future of the Indian economy.”

Biography Of kumar Mangalam Birla 

Early Age

Kumar Mangalam Birla was born on June 14, 1967, in Kolkata, India to Aditya Vikram and Rajashree Birla. He grew up in a joint family in Mumbai, along with his younger sister and cousin. He earned his undergraduate degree from H.R. College of Commerce and Economics in Mumbai, and subsequently pursued post-graduate studies at London Business School in London. Additionally, he is a qualified chartered accountant from the Institute of Chartered Accountants of India (ICAI).

Career

At the age of 28, Kumar Mangalam Birla joined the Birla group following the death of his father, Aditya Vikram Birla. Under his leadership, the company has experienced significant growth and success. The group’s annual turnover has increased from $30 billion to $60 billion, and it operates globally in various industries under the Aditya Birla Group (ABG) brand. The core areas of the company include cement, aluminum, telecom, chemicals, textiles, fashion, and financial services. Mr. Birla’s leadership has helped the company to establish itself as a major player in these industries both domestically and internationally.

As part of the expansion of the Birla group, Kumar Mangalam Birla oversaw more than 40 acquisitions to establish a global presence, which is a remarkable achievement for any industrialist. In 1999, the group ventured into the apparel business through the acquisition of Madura Garments by Indian Rayon (a division of Aditya Birla Nuvo Ltd). This acquisition allowed the company to become the owner of several premium brands such as Van Heusen, Allen Solly, Peter England, and Louis Philippe. Mr. Birla’s strategic decision-making and ability to identify opportunities for growth and expansion have been key factors in the success of the Birla group.

In 2004, Kumar Mangalam Birla gained management control of UltraTech Cement, which is the only cement company in the world to have over 100 million tonnes per annum (MTPA) of cement manufacturing capacity in a single country. This acquisition was a significant milestone for the Birla group and demonstrated its commitment to expanding its presence in the cement industry. Mr. Birla’s leadership and strategic decision-making skills have played a crucial role in the success of the Birla group’s cement business.

In 2007, Kumar Mangalam Birla acquired Novelis Inc., which is the world’s leading producer and recycler of aluminum. The company has a global capacity of 4 million tonnes and this acquisition was a significant milestone in the Birla group’s journey of expansion and diversification. Mr. Birla’s strategic decision-making and leadership skills have been instrumental in the successful acquisition and integration of Novelis into the Birla group.

The Birla group’s global expansion was supported by several other major acquisitions such as Aleris in the United States, Columbian Chemicals, Domsjo Fabrikers, CTP GMBH- Chemicals & Technologies, Binani Cement, Jaypee Cement, and Indal from Alcan. In addition, the acquisition of Pantaloons also played a significant role in expanding the Birla group’s presence in the retail industry. These acquisitions demonstrate Mr. Birla’s vision and strategic approach to expanding the group’s presence across various sectors and geographies.

Kumar Mangalam Birla has a strong interest in education and is actively involved with educational institutions such as BITS and BITsom, where he serves as Chancellor and Chairman respectively. Additionally, he has also held leadership positions in other organizations, including serving as the Ex-Chairman of Indian Institute of Management Ahmedabad.

He also served the different leadership position apart from the Group like,.

• As director on Central board of Directors of the Reserve bank Of India,
• Chairman of Advisory Committee constituted by Ministry of company Affairs,
• Prime Ministry Of India’s Advisory Council On trade and Industry
• Chairman of Securities and Exchange Board Of India Committee on Corporate Governance

Achievements & Awards 

• Outstanding Business Man of the Year By National HRD Network in
• 2001 The Business Leader of the Year By The Economic Times 2003
• Business Man of the Year By Business India 2003
• Young Global Leader By World Economic Forum (Davos) 2004
• Doctor of Literature (Honoris causa) By Banaras Hindu University 2004
• Ernst & Young Entrepreneur of the Year By India Ernst & Young 2005
• Global Indian Leader of the Year By NDTV 2007
• JRD Tata Corporate Leadership Award By AIMA 2008
• Doctor of Literature By SRM University 2008
• GQ Business Leader of the Year By Condé Nast India Pvt. Ltd.2011
• Entrepreneur of the Year By Forbes India Leadership Award 2012
• Most Inspiring Leader By NDTV 2012
• Business Leader for Taking India Abroad By CNBCTV18 2012
• Global Business Leader Award By NASSCOM 2012
• Doctor of Science (Honoris Causa) By Visvesvaraya Technological University 2012
• The Business Leader of the Year By The Economic Times 2013
• Positioned the fourth Most Powerful CEO Economic Times’ Corporate India’s Definitive Power posting of 100 CEOs 2013
• Inducted as an Honorary Member by Rotary Club of Mumbai 2014
• CEO of the Year By International Advertising Association 2016
• Outstanding Businessman of the Year by CNBC-TV18 – IBLA 2017
• The GIL Visionary Leadership Award By Frost & Sullivan 2017
• Global Asian Award By ABLF 2019
• Global Entrepreneur of the Year’ in business transformation By The Indus Entrepreneurs (TiE) 2021
• Padma Bhushan By Government of India 2023

Personal life Of Kumar Mangalam Birla

Kumar Mangalam is a family-oriented individual who values spending time with his loved ones. He tied the knot with Neerja Birla in 1989 and together they have three children, including two daughters and a son. With his remarkable management skills and efficiency, he has achieved a great deal of success and his hard work and dedication are evident in his accomplishments. He has demonstrated the traits of a true businessman through his achievements over the years.

Controversy

The allegations of wrongdoing were made against Kumar Mangalam Birla in relation to the allocation of the Talabira-II coalfield in Orissa to Hindalco Industries in 2005. A First Information Report (FIR) was filed against him in connection with the case.

Social Activism

Kumar Mangalam Birla has made significant contributions to various sectors of society to bring about a positive impact on the quality of life of underprivileged and vulnerable segments of society. His contributions are not limited to India alone but extend to other countries such as Thailand and Egypt.

Kumar Mangalam Birla is actively involved in supporting educational institutions and philanthropic causes related to education. He channels his efforts through the Aditya Birla Foundation, which focuses on various initiatives related to education. Under his leadership, the Aditya Birla Group is engaged in welfare-driven activities that make a significant difference in the lives of underprivileged people..

Kumar Mangalam Birla founded the Aditya Birla Centre for Community Initiatives and Rural Development (ABCCIRD), which has launched multiple programs aimed at improving the lives of rural communities in India.

Kumar Managlam Birla Luxuries

Kumar Mangalam Birla, the Chairman of Aditya Birla Group, made one of the costliest real estate deals in Mumbai when he acquired Jatia House in Malabar Hill for a whopping amount of Rs. 425crore.

Kumar Mangalam Birla has a passion for cars and owns a luxurious car collection that includes models such as Rolls Royce Ghost, Mercedes Maybach s500, BMW 760LI, Jaguar XF, and BMW 5 series. As the head of India’s third-largest business house, he enjoys indulging in his love for cars.

Kumar Mangalam Birla owns two private jets, namely the Cessna Citation and the seven-seater Gulfstream.

Interesting Facts

• Birla Empire’s started from Cotton trading in Rajasthan State
• Kumar Mangalam is Fourth generation head of the Birla’s
• Her daughter and son has joined the boards of Grasim and Aditya Fashion& Retail
• Birla Group has constituted 15 million Scholarship Programme at the London Business School in memory of his grandfather marking the largest ever endowed Scholarship gift to a European business school
• Kumar Mangalam like to spend time with his family and take leave of 10 days yearly for family trip
• Kumar Managalam is the first Industrialist to be conferred honorary membership by Institute of Company Secretaries of India
• Kumar Mangalam is honorary fellow of the London Business School
• He is a firm practitioner of the trusteeship concept, with this mandate Group is involved in meaningful welfare driven activities
• Kumar Mangalam Birla had dipped into his own resources to help his beleaguered relative Yash with his financial issues with creditors in order to preserve the family name
• Kumar family always made him think about his family’s name and the wealth and responsibilities of the business since his childhood
• Kumar’s father demise happened untimely, the whole family was in shock and Kumar had to take care of his father’s legacy, he took over the company as chairman and face a lot of skepticism, but instead of giving up, shouting at them, he handled the company passionately and like a true astute which impressed everyone and made company grew faster.

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FAQ

Q1How much is the Birla family worth?

Ans1- Birla Family net worth is approx. $14.6B

Q2.What is the salary of CEO of Aditya Birla Group?

Ans2 The Aditya Birla Group is a conglomerate with diverse businesses, and the salary of the CEO would depend on various factors such as the size and profitability of the company, the industry it operates in, and the market conditions. It would also depend on the experience and qualifications of the CEO. Therefore, the salary range mentioned may not be applicable to all CEOs in the Aditya Birla Group

Q3Which are the companies owned by Kumar Mangalam Birla?

Ans3 Kumar Mangalam Birla is the chairman of the boards of all major companies within the Aditya Birla Group, both in India and globally. These companies include Novelis Inc., Birla Carbon, Aditya Birla Chemicals, DomsjöFabriker, Terrace Bay Pulp Mill, Hindalco Industries Ltd., Grasim Industries Ltd., UltraTech Cement Ltd., Aditya Birla Fashion and Retail Ltd., and Aditya Birla Capital Ltd.

Q4 Who is richest in Birla family?

Ans4 Kumar Mangalam Birla, born on June 14th, 1967, is an industrialist and philanthropist from India who is a billionaire. He is the chairman of the Aditya Birla Group, which is one of India’s largest global conglomerates.

Q5Who is the most famous Birla?

Ans5. Shri G.D. Birla, a prominent figure in Indian history, was a visionary leader who was renowned for his commitment to nationalism, industry, and reform. He was an entrepreneur who played a key role in laying the foundation of the Birla Empire. He was widely regarded as a doyen of Indian industry and was known for his entrepreneurial spirit, which drove him to succeed in various fields, including textiles, jute, sugar, cement, and other industries. In addition to his industrial pursuits, Shri G.D. Birla was also deeply committed to social reform and played an important role in India’s struggle for independence.

Conclusion

Kumar Mangalam Birla say “The work environment is very important in determining how enjoyable work is. It is very important to work with smart guys who have a superior level of intellectual bandwidth and still have softer skills as well”

“I think the golden rule I can think of is the fact that you must follow your passion and do something that’s close to your heart. And I think that that’s very important, well, to be successful and to be happy”.

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