Kumar Birla net worth
Current Net Worth – $15.1 Billion (USD – 1,510 Crores), (Rupees – 1.20 Lakh Rupees)
Kumar Birla short biography
| Net Worth | $15.1 Billion |
|---|---|
| Born | June 14, 1967 (Age – 54) |
| Identified as | Indian Billionaire Industrialist |
| Status | Chairman of Vodafone Idea Limited & Aditya Birla Group |
| Education | Bachelor of Arts/Science, University of Bombay; London Business School, Master of Business Administration |
| Nationality | Indian |
| Residence | Mumbai, India |
| Spousal status | Married (Neerja Birla – M. 1989) |
| Children | 3 (Daughters – Ananyashree, Advaitesha & Son – Aryaman Vikram) |
Kumar Birla has a net worth of $15.1 Billion (Rupees – 1,20,738 Rupees), which increased by around $7 Billion from April 2020.
The Indian billionaire industrialist, Kumar Mangalam Birla, is the chairman of the Aditya Birla Group, one of India’s largest conglomerates.
He is also the Chancellor of the Birla Institute of Technology and Science and the President of the Delhi Indian Institute of Technology and the Ahmedabad Indian Institute of Management.
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Kumar Birla biography
| Full Name | Kumar Mangalam Birla |
| Birthplace | Calcutta, West Bengal, India |
| Height | 5.8 feet, 172 cm |
| Weight | 75 Kg |
| Father | Aditya Vikram Birla |
| Mother | Rajashree Birla |
Kumar Mangalam Birla was born on 14 June 1914, Birla is a fourth-generation member of the Rajasthan state’s Marwari Birla family.
Education
The University of Mumbai College of Commerce and Economics, and an MBA degree from the London Business School, where he is an honorary fellow.
Career
In 1995, at the age of 28, following the death of his father, Aditya Vikram Birla, Birla took over as chairman of the Aditya Birla Group.
The group’s annual turnover rose from US$3.33 trillion in 1995 to US$48.3 billion in 2019 during its time as chairman.
Aditya Birla Capital has reported strong results for the fourth quarter and the year ended 31st March 2021. Stellar growth across businesses led to highest ever consolidated profit.@abcapital#Q4FY21#AdityaBirlaCapital#AdityaBIrlaGroup#BigInYourLife pic.twitter.com/hKWpX0JT1z
— Aditya Birla Group (@AdityaBirlaGrp) May 14, 2021
Birla lost $3.1 billion between 2017 and 2019, according to the Bloomberg Billionaires Index, with its net worth reduced to $6 billion.
The key explanation for this decline is the “financial distress” faced by Vodafone Idea Ltd, in addition to the drop in the “shares of flagship firms that produce chemicals, metals, and cement.”
The fourth-generation head of the storied $48.3 billion (revenue) Aditya Birla Group is commodity king Kumar Birla.
The interests of the company range from cement and aluminum to telecommunication and financial services.
His telecom company, Vodafone Idea, was renamed Vi, created by the merger between his Idea Cellular and Vodafone India in 2018.
Private & early life
Kumar Manglam Birla is married to Neerja Birla in 1989.
When his father, Aditya Birla, died in 1995, Birla inherited the family empire at the age of 28.
He is also a Chartered Accountant at the Indian Chartered Accountants Institute (ICAI).
In October 2019, the European Commission approved the acquisition of $2.6 billion by its aluminum producer, Novelis of Aleris, in Ohio.
Controversy
In India’s coal allocation scam, an infamous political scandal that traced its roots to the illegal allocation of coal blocks between 2004 and 2009, the name Birla significantly emerged.
In 2013, the Central Bureau of Investigation accused Birla of “influencing the then coal secretary to allocate the block, Talabira II in Orissa, to Hindalco, when it was intended for public allocation only.”
The investigative agency reported that in 2005 the block was allocated to Neyveli Lignite and Mahanadi Coalfields (both PSUs), but sometime in the middle of the year, Birla met Parekh, after which the previous screening committee decision was reversed and Hindalco and the two were also accommodated.
In 2014, CBI filed a closure report against Birla after the Modi Government came to power.
In 2016, the opposition leader Rahul Gandhi accused Birla’s firm of paying bribes to Narendra Modi, the then Gujarat Chief Minister. However, allegedly, when FIR was filed against Birla in the Coal Blocks allocation scam in 2013, Mr. Gandhi was “upset” at CBI.
The Birla Group did not make any donations “after being its top donor with a donation of Rs 36.4 crore between 2004-5 and 2011-12.” to the Rahul-led Indian National Congress in 2012-13.
Birla was eventually appointed by the government of Narendra Modi-led BJP as Chairman of the Indian Institute of Management Ahmedabad as well as the Indian Institute of Technology Delhi Board of Governors (in 2016) and a non-official independent director of Air India (in 2018).
Net worth statistics
- March 2011 – $9.2 B
- March 2012 – $8.0 B
- March 2013 – $7.9 B
- March 2014 – $7.0 B
- March 2015 – $9.0 B
- March 2016 – $6.1 B
- March 2017 – $9.5 B
- March 2018 – $11.8 B
- March 2019 – $11.1 B
- April 2020 – $7.6 B
- April 2021 – $12.8 B
- April 2022 – $16.5 B
Kumar Birla Quote
“One feels very blessed to be born into a family like the Birla family, which is a household name in India, which stands for tradition, is yet contemporary, stands for trust.”
– Kumar Birla
