Aditya Birla Group enters $100 billion market capitalisation club
Aditya Birla Group enters $100 billion market capitalisation club
The year 2024 has been an incredible one for the Aditya Birla Group as it makes its entry into the elite $100 billion market capitalisation club.
The group’s cement business consolidated its position as the largest in India through multiple acquisitions.
It entered paints with a plan to add a massive 40% of the industry’s production capacity. Group company’s Vodafone Idea, India’s third largest telecom player, raised `18,000 crore through the biggest-ever domestic follow-on public offer.
Helmed by 57-year-old Kumar Mangalam Birla the fourth generation of the Birla family the group has also forayed into competitive branded jewellery.
The jury recognised the outstanding year the group has had, picking Birla as Business Leader of the Year in a unanimous vote.
N̈nɓWhat Kumar has achieved $100 billion market capitalisation for the group this year is enormous, said one jury member.
Established early in the 20th century by Ghanshyam Das Birla, the group started off in industries critical to nationbuilding, with the next leg of growth led by Aditya Vikram Birla focusing on establishing it on the global stage.
Kumar Mangalam articulated “It is a privilege to receive this honour from ET on behalf of my 187,000 colleagues across the globe. This award is yet another testament to the enduring impact we have created as a business group, and that too in an era of such dramatic change,” Birla told ET.
News Edit KV Raman
