Kumar Birla
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Kumar Birla
Kumar Mangalam Birla (born 14 June 1967) is an Indian billionaire industrialist, philanthropist, Chartered Accountant and the chairman of the Aditya Birla Group, one of the largest global conglomerates in India. He is also the chancellor of the Birla Institute of Technology & Science, Pilani and Chairman of Indian Institute of Management Ahmedabad. According to Forbes, he has an estimated net worth of US$14 billion, as of 1 October 2022. Birla took over as chairman of the Aditya Birla Group in 1995, at the age of 28, following the death of his father Aditya Vikram Birla. During his tenure as chairman, the group's annual turnover has increased from US$2 Billion in 1995 to US$45 billion in 2021. Today, the group is present in 36 countries across six continents with over 50% of its revenues coming from overseas operations. Early life and education A fourth generation member of the Birla Family from Rajasthan, Kumar Birla was born in Kolkata and grew up in a joint family in Mumb ...
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Calcutta
Kolkata (, or , ; also known as Calcutta , List of renamed places in India#West Bengal, the official name until 2001) is the Capital city, capital of the Indian States and union territories of India, state of West Bengal, on the eastern bank of the Hooghly River west of the border with Bangladesh. It is the primary business, commercial, and financial hub of East India, Eastern India and the main port of communication for North-East India. According to the 2011 Indian census, Kolkata is the List of cities in India by population, seventh-most populous city in India, with a population of 45 lakh (4.5 million) residents within the city limits, and a population of over 1.41 crore (14.1 million) residents in the Kolkata metropolitan area, Kolkata Metropolitan Area. It is the List of metropolitan areas in India, third-most populous metropolitan area in India. In 2021, the Kolkata metropolitan area crossed 1.5 crore (15 million) registered voters. The ...
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Birla Family
The Birla family is a family connected with the industrial and social history of India. Foundations The Birla family origins lie with the Maheshwari caste of Bania Vaishya traders but they were outcast from their traditional community in 1922 when one of their member, Rameshwar Das Birla, was thought to have broken the caste marriage rules. They are Marwari and by convention merchants from Rajasthan are termed Marwari. The family originates from the town of Pilani in the Shekhawati region in North-east Rajasthan. They still maintain their residence in Pilani and run several educational institutions there, including the BITS, Pilani. Shiv Narayan Birla In Pilani during the early 19th century lived Seth Shobharam, grandson of Seth Bhudharmal, a local tradesman of modest means. It was his son, Seth Shiv Narayana (1840–1909), who first ventured outside Pilani. At this time, Ahmedabad was the railhead which serviced trade from a large region of northwest India. Goods (mainly cott ...
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Flipkart
Flipkart Private Limited is an Indian e-commerce company, headquartered in Bengaluru, and incorporated in Singapore as a private limited company. The company initially focused on online book sales before expanding into other product categories such as consumer electronics, fashion, home essentials, groceries, and lifestyle products. The service competes primarily with Amazon's Indian subsidiary and domestic rival Snapdeal. As of March 2017, Flipkart held a 39.5% market share of India's e-commerce industry. Flipkart has a dominant position in the apparel segment, bolstered by its acquisition of Myntra, and was described as being "neck and neck" with Amazon in the sale of electronics and mobile phones. Flipkart also owns PhonePe, a mobile payments service based on the UPI. In August 2018, American retail chain Walmart acquired a 77% controlling stake in Flipkart for US$16 billion, valuing Flipkart at around US$20 billion. Flipkart is valued at $37.6 billion as of 2022. It is pl ...
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Walmart
Walmart Inc. (; formerly Wal-Mart Stores, Inc.) is an American multinational retail corporation that operates a chain of hypermarkets (also called supercenters), discount department stores, and grocery stores from the United States, headquartered in Bentonville, Arkansas. The company was founded by Sam Walton in nearby Rogers, Arkansas in 1962 and incorporated under Delaware General Corporation Law on October 31, 1969. It also owns and operates Sam's Club retail warehouses. Walmart has 10,586 stores and clubs in 24 countries, operating under 46 different names. The company operates under the name Walmart in the United States and Canada, as Walmart de México y Centroamérica in Mexico and Central America, and as Flipkart Wholesale in India. It has wholly owned operations in Chile, Canada, and South Africa. Since August 2018, Walmart held only a minority stake in Walmart Brasil, which was renamed Grupo Big in August 2019, with 20 percent of the company's shares, and p ...
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Binani Cement
Binani Cement Limited is engaged in the production and sales of cement and clinker based in Mumbai, Maharashtra, India. It is the flagship subsidiary of Binani Industries Ltd. The company is certified as ISO9001, ISO14001 and OHSAS18001 compliant. The company's subsidiaries include Krishna Holdings Pte Limited, Muku, Dubai Dubai (, ; ar, دبي, translit=Dubayy, , ) is the most populous city in the United Arab Emirates (UAE) and the capital of the Emirate of Dubai, the most populated of the 7 emirates of the United Arab Emirates.The Government and Politics of ... (BCFLLC). History The company was incorporated on 15 January 1996 as Dynasty Dealer Private Ltd. In 1998, it was listed on BSE and changed its name to Binani Cement Ltd. References {{reflist Cement companies of India Manufacturing companies based in Mumbai Companies established in 1996 1996 establishments in Maharashtra Manufacturing companies established in 1996 Indian companies established in 1996 ...
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Vodafone India
Vodafone India (formerly Vodafone Essar Ltd, Huchison Essar Ltd) was the Indian subsidiary of UK-based Vodafone Group plc and was a provider of telecommunications services in India with its operational head office in Mumbai. As of March 2018, Vodafone India had a market share of 21% and with its merger with Idea, the collective Vodafone Idea network has approximately 375 million subscribers and is the Third largest mobile telecommunications network in India. History Hutchison Max Telecom Ltd. (HMTL), a joint venture between Hutchison Whampoa and the Max Group, was established on 21 February 1992. The licence to operate in Mumbai (then Bombay) circle was awarded to Hutchison Max by the Department of Telecommunications (DoT) in November 1994. The cellular service branded "Max Touch" was launched the same year. Hutchison Max entered into the Delhi telecom circle in December 1999, the Kolkata circle in July 2000 and the Gujarat circle in September 2000. Licences for these circl ...
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Idea Cellular
Idea Cellular (commonly referred to as Idea, and stylised as ''!dea'') was an Indian mobile network operator based at Mumbai, Maharashtra. Idea was a pan-India integrated GSM operator and had 220.00 million subscribers as of June 2018. Idea Cellular merged with Vodafone India and is now known as Vodafone Idea or Vi. History Idea Cellular was incorporated as Birla Communications Limited in 1995 after GSM licenses were won in Gujarat and Maharashtra circles. The company name was changed to Idea Cellular and the brand Idea was introduced in 2002 after a series of name changes following mergers and joint ventures with Grasim Industries, AT&T Corporation and Tata Group. Following the exit of AT&T Corporation and Tata Group from the joint venture in 2004 and 2006 respectively, Idea Cellular became a subsidiary of Aditya Birla Group. Malaysia based Axiata had bought around 20% stake in the company in 2008 for US$2 billion. Idea previously bought a 40.8% stake in Spice Communi ...
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Applause Entertainment
Applause Entertainment, a venture of the Aditya Birla Group of Companies, headed by Sameer Nair Sameer Nair (born 1965) is an Indian media executive and business professional currently serving as CEO of Applause Entertainment Limited. He helped revamp the Star India, Star One, Star Utsav, Star Gold, Star Vijay and Channel V television ne ... is a media, content and IP creation studio. Television shows Films References {{reflist External links Official Website Streaming television Television production companies of India Indian companies established in 2017 Entertainment companies established in 2017 Aditya Birla Group ...
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UltraTech Cement
UltraTech Cement Limited is an Indian cement company based in Mumbai, and a part of Aditya Birla Group. UltraTech is the largest manufacturer of grey cement, ready-mix concrete Ready-mix concrete (RMC) is concrete that is manufactured in a batch plant, according to each specific job requirement, then delivered to the job site "ready to use". There are two types with the first being the barrel truck or in–trans ... (RMC) and white cement in India with an installed capacity of 116.75 million tonnes per annum. It is the only company in the world to have a capacity of over 100 million tonnes in a single country, outside of China. History In February 2016, Bombay High Court rejected UltraTech's plan to acquire two cement plants from Jaiprakash Associates. In 2015 the court passed the Mines and Mineral Development and Regulation Act after which the company began to make plans to acquire several cement plants as a whole by acquiring Jaiprakash Associates. Operation ...
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Indian Coal Allocation Scam
The Coal allocation scam, dubbed in media as Coalgate, is a major political scandal concerning the Indian government's allocation of the nation's coal deposits to public sector enterprise (PSEs) and private companies. In a draft report issued in March 2012, the Comptroller and Auditor General of India (CAG) office accused the Government of India of allocating coal blocks in an inefficient manner during the period 2004–2009. Over the Summer of 2012, resulting in a Central Bureau of Investigation probe into whether the allocation of the coal blocks was in fact influenced by corruption. Hereafter Draft CAG Report. The essence of the CAG's argument is that the Government had the authority to allocate coal blocks by a process of competitive bidding, but chose not to. As a result, both public sector enterprises (PSEs) and private firms paid less than they might have otherwise. In its draft report in March the CAG estimated the "windfall gain" to the allocatees was . The CAG Final R ...
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Hindalco Industries
Hindalco Industries Limited an Indian aluminium and copper manufacturing company, is a subsidiary of the Aditya Birla Group. Its headquarters are at Mumbai, Maharashtra, India. The company has annual sales of 25 billion and employs around 20,000 people. It is listed in the Forbes Global 2000 at 895th rank. Its market capitalisation by the end of May 2013 was US$3.4 billion. Hindalco is one of the world's largest aluminium rolling companies and one of the biggest producers of primary aluminium in Asia. History The Hindustan Aluminium Corporation Limited was established in 1958 by the Aditya Birla Group. In 1962 the company began production in Renukoot in Uttar Pradesh making 20 thousand metric tons per year of aluminium metal and 40 thousand metric tons per year of alumina. In 1989 the company was restructured and renamed Hindalco. Ramdev Singh was the first trade union leader of Hindalco Industries Limited, Renukoot. Operations Power plants * Renusagar Power Plant. An 826.57 ...
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