Kumar Mangalam Birla
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He is a growth spree
The $40 billion Aditya Birla Group is continuing to expand at home in spite of the coal scam allegations hanging over its head. In September 2014, its cement arm, UltraTech, inked a $600 mn deal to buy a rival unit. The combined group is now India's largest cement producer.
He keeps stitching up international deals, such as a joint venture with South African insurance giant MMI Holdings Ltd in October 2014 and two chemicals companies in Germany. Half the group's revenues now flow from overseas.
Hindalco Industries Ltd is India's second-biggest aluminium producer, expects to achieve full output at its new factory in Madhya Pradesh by March 2015.
All work, no play
A perfectionist and detached karmayogi.Once asked by a journalist what keeps him awake at night, he replied that he works so hard during the day, he's too tired to be awake at night. “
Loves Indian cuisine but also frequents Frangipani at Hotel Trident, Nariman Point,Mumbai, for Mediterranean, Italian and Asian delicacies.
"A slew of timely measures by the new Government that address fiscal imbalances and fast-forward investment activity should play out positively in the coming year.”
Birla House in Mumbai
India Today December 29, 2008
In 2007, the Aditya Birla Group’s Hindalco Industries acquired USbased aluminum giant Novelis for nearly $6 billion, making it the world’s largest aluminum rolling company. “This will enable Hindalco’s entry into downstream business, from cans to cars” (India Today, February 2007).