Latest news with #AdityaBirlaGroup
India.com
an hour ago
- Business
- India.com
Meet super gorgeous wife of billionaire Kumar Mangalam Birla, who looks half her age at 54, lives in Rs 4250000000 mansion, is founder of...
Meet super gorgeous wife of billionaire Kumar Mangalam Birla, who looks half her age at 54, lives in Rs 4250000000 mansion, is founder of... While Kumar Mangalam Birla, the head of the Aditya Birla Group, is often seen in the business headlines, his wife Dr. Neerja Birla tends to stay away from the public eye. But over time, she has carved out her own identity not just as the wife of a leading industrialist, but as a changemaker in the fields of education and mental health. At 53 years old, Neerja Birla continues to surprise many with her youthful glow and elegance. In fact, many people who come across her photos on social media find it hard to believe her age, some even say she looks more like her daughter Ananya Birla's elder sister than her mother! A leader in her own right Neerja Birla is the founder and chairperson of the Aditya Birla Education Trust. Through this initiative, she works to improve education and create awareness about mental health. She is deeply passionate about helping others and is a strong advocate for emotional well-being, especially among children and young adults. A legacy of leadership Neerja comes from a business family herself. Her father, Shambhu Kumar Kasliwal, was a well-known businessman and the founder of S. Kumar's Group based in Indore. She also shares moments from her personal life on social media, giving followers a glimpse into her world. Her elegant style, calm nature, and positive energy have made her a role model for many. More than just a businessman's wife Though she is married to one of the most successful businessmen in the country, Neerja Birla has built her own identity, as a mother, a changemaker, and a woman who leads with heart and purpose. Neerja Birla's net worth As of December 31, 2024, Neerja Birla holds publicly disclosed shareholdings in six companies, with a net worth of over Rs. 39.2 crore. However, this figure may not reflect her full wealth, as it doesn't include other private assets or investments. Her husband, Kumar Mangalam Birla, is one of India's richest industrialists, with an estimated net worth of USD 23.1 billion as of the same date. The Birla residence: 'Jatia House' The Birla family lives in one of Mumbai's most iconic and luxurious homes, the Jatia House. This sea-facing mansion, located in the upscale Malabar Hill area, spans a massive 30,000 square feet. Kumar Mangalam Birla purchased the property in 2015 through an auction, for Rs. 425 crore.
Business Standard
a day ago
- Business
- Business Standard
Core Investment company within Aditya Birla Group, Pilani Investment reports Net Profit of Rs. 98.46 crore for the FY 2024-25
VMPL Kolkata (West Bengal) [India], June 20: Pilani Investment and Industries Corporation Ltd (BSE: 539883, NSE: PILANIINVS), a Core Investment Company within Aditya Birla Group, primarily focused on managing investments in other Birla Group companies and providing them with financing has reported a net profit of Rs. 98.46 crore for the FY 2024-25. Total income of the company during the year ended March 2025 was reported at Rs. 307 crore, 7% higher the previous year total income of Rs. 286.3 crore reported in FY 2024. The company has recommended dividend of Rs. 15 per equity share of face value of Rs. 10 each for the FY 2024-25. The company has received approval from RBI and received fresh Certificate of Registration on conversion of the Company from Non-Banking Financial Company (NBFC-ICC) to Core Investment Company (CIC). The board of directors of the company also considered and approved, increase the borrowing powers of the company up to Rs. 3,500 crores, which is subject to approval of the Shareholders at the ensuing Annual General Meeting of the Company. The company has recommended dividend of Rs. 15 per equity share of face value of Rs. 10 each for the financial year 2024-25, subject to the approval of the shareholders at the ensuring annual general meeting scheduled to be held on 30th June 2025. The company has fixed Monday, 23rd June 2025, as the 'Record Date' for the purpose of determining the entitlement of Members to receive the aforesaid dividend for the financial year ended 31st March, 2025. Promoter group of company holds 57.55% of the company as on March 2025. Pilani Investment and Industries Corporation Limited is registered as a non-deposit-taking NBFC with the Reserve Bank of India. It functions as a core investment company with main activity being investment in shares and securities of the Aditya Birla group companies and providing finance to them.
Hans India
6 days ago
- Business
- Hans India
Mass feeding organised in Tirupati
Tirupati: Kasturba Gandhi Kendra Trust (R), led by its chairman Dr PC Rayulu, celebrated 58th birthday of Kumar Mangalam Birla, Chairman of Aditya Birla Group, by organising a free meals to programme to 1,000 underprivileged individuals at Gandhi Road, Tirupati on Saturday. Dr Rayulu highlighted Birla's contributions to industry and philanthropy, noting his recognition as the Global Business Leader 2025 and as a Padma Bhushan awardee. Leaders including BJP Tirupati district president Samanchi Srinivas and TTD Trust Board member G Bhanu Prakash Reddy lauded Aditya Birla Group's CSR efforts and the Trust's social initiatives.
Economic Times
12-06-2025
- Business
- Economic Times
Paint companies face profitability challenges amidst high competition
The recent declines in paint shares have removed some froth of their valuations, which were considered among the most expensive in the consumer-facing businesses. Investor concerns persist for paint companies due to intense competition and weak demand, impacting profitability. Despite recent share underperformance, valuations remain high, leading to analyst caution. The entry of new players like Aditya Birla Group intensifies the fight for market share, further pressuring margins and potentially causing incumbent stock prices to struggle. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mumbai: Investor woes in shares of paints companies may be far from over as the hyper competition in the sector and tepid demand are expected to continue squeezing profitability in the sector. With valuations remaining elevated despite the recent underperformance in the shares, money managers and analysts are less enthusiastic about their prospects in the foreseeable far in 2025, Asian Paints is down 4.2% and Kansai Nerolac has fallen 4.5%. Berger Paints bucked the trend, rising 24%. In comparison, the Nifty 50 is up 6%.Morgan Stanley said this 'de-rating' is not yet done."While there is consensus on the sell side on growth and ratings, we think the exact extent of a potential de-rating for paint stocks is not yet understood," said the brokerage in a recent apathy for paints shares among investors and analysts is a contrast to the situation three years ago when they were Dalal Street darlings for over a decade. The entry of deep-pocketed players like the Aditya Birla Group into the sector has resulted in companies focussing on fighting for market share, putting pressure on profitability. "The overall competitive intensity will remain high for the next two years," said Aniruddha Kekatpure, head of research at Edelweiss Mutual Fund. "If the new entrant executes better than expected, the stock prices of incumbents will likely continue to languish."The recent declines in paint shares have removed some froth of their valuations, which were considered among the most expensive in the consumer-facing businesses."While valuations have moderated from their post-COVID highs, they continue to remain elevated amid persistent growth and margin pressures," Vaqarjaved Khan, senior fundamental analyst at Angel One. Khan said the estimated Price to Earnings (P/E) ratio - a popular valuation measure - for most paint companies still hovers around 48-55x, a rich multiple, especially when the growth outlook for FY26 appears clouded.
Time of India
06-06-2025
- Business
- Time of India
Aditya Birla Group acquires Cargill's speciality chemical manufacturing facility in US, ET Manufacturing
Advt Advt Business conglomerate Aditya Birla Group has acquired Cargill 's speciality chemical manufacturing facility in Dalton, a statement on Thursday, the group announced the expansion of its US Advanced Materials business with the acquisition of Cargill Incorporated's 17-acre speciality chemical manufacturing facility in Dalton, acquisition continues Aditya Birla's expansion in the US' manufacturing sector, a key aspect of Aditya Birla's growth strategy, which now totals over $15 billion in acquisition was executed through Aditya Birla Chemicals (USA) Inc., a wholly-owned subsidiary of Aditya Birla Chemicals (Thailand) Ltd."This acquisition represents Aditya Birla's strategic entry into the US chemicals industry, extending the business model of our other successful manufacturing businesses in the United States, including Novelis and Birla Carbon," said Kumar Mangalam Birla, Chairman of Aditya Birla Group."Our growth strategy in the United States is anchored in a commitment to leverage our deep manufacturing expertise to support the revitalisation of the growing American manufacturing sector. We look forward to investing in and expanding this foundational facility and identifying other strategic assets to drive growth."With this acquisition, the advanced materials business welcomes 50 business plans to expand the facility's current capacity of 16,000 tonnes per year to over 40,000 tonnes over the next two Birla Group will continue to manufacture the plant's current output of formulated resins, curing agents, reactive diluents and polyaspartic resins for the marine, industrial coatings, and flooring industries, which include epoxy resins, modifiers, curing agents, and other specialty chemicals sold under the brands CHEMCURE, ChemMod, Altor, Acme Shield, and ChemRes Additionally, it will introduce products for the automotive, renewable energy and aerospace industries, including its patented chemistries to enable recycling of epoxy composites used in wind, sports goods, pressure vessels and other applications."This acquisition reinforces our commitment to expanding our Advanced Materials business in the United States and globally. Establishing a local presence in the US will enable us to serve regional customers more efficiently and collaborate closely to develop tailored solutions."We are excited to leverage this facility to enhance its capabilities and broaden our product offerings for our customers," said Rajesh Balakrishnan, CEO of Aditya Birla Group, Advanced Materials business.
