Latest news with #KumarMangalamBirla
India.com
a day 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.
Hans India
15-06-2025
- 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.
Time of India
07-06-2025
- Business
- Time of India
Birla's paints unit said to have filed antitrust case against Asian Paints
Aditya Birla Group 's Indian paints venture has filed an antitrust complaint against market leader Asian Paints for allegedly abusing its market position, three sources said, a case that could lead to a stand off between the two industry rivals. Asian Paints is India's biggest player with a 52% market share, but it has lost some of its dominance after Birla Opus launched in February 2024 and grew rapidly to garner a near 7% market share by March this year, Elara Capital data shows. The Competition Commission of India (CCI) has in recent weeks been reviewing a confidential complaint filed by Birla Opus alleging abuse of its position by Asian Paints, said the two sources, who declined to be named as the discussions are private. The CCI is yet to decide if the complaint holds merit and needs a broader probe by its investigations unit, or should be dismissed. One of the sources familiar with the matter said the allegations from Birla say Asian Paints had asked its retail dealers to not stock the rival's products and had warned of restricting their credit facilities if they do so. Birla Opus, the paints arm of the Aditya Birla Group company Grasim, did not respond to Reuters queries. The group is led by billionaire Kumar Mangalam Birla, India's seventh richest person ranked by Forbes. Asian Paints and the CCI did not respond to Reuters queries. Reuters is first to report the antitrust case, details of which - in line with watchdog's policy - are not made public. The first source added that Asian Paints also allegedly told its dealers it will curtail its supplies to them if they put up hoardings of Birla paint products or place them at prominent places. Asian Paints has not been told about the case, according to a source with direct knowledge. But it had received some media queries and has told the CCI in a confidential letter - seen by Reuters - that the company must be allowed fair comment before any decision is taken. "The rapid and substantial growth of Birla Opus demonstrated the absence of any significant barriers to entry or anti-competitive conduct by existing players," Asian Paints letter to the CCI stated. Birla has expanded its paints business in the $9.5 billion sector, starting last year with an investment of $1.2 billion, with five plants operational now. Asian Paints clocked revenues of 294 billion Indian rupees ($3.43 billion) in 2024-25, and has 26 factories globally. In 2022, the CCI closed a case filed by JSW Paints against Asian Paints for abusing its market position, saying it found no contravention of competition laws.
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.
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Business Standard
06-06-2025
- Business
- Business Standard
Aditya Birla Group's paints unit files antitrust case against Asian Paints
Aditya Birla Group's Indian paints venture has filed an antitrust complaint against market leader Asian Paints for allegedly abusing its market position, three sources said, a case that could lead to a stand off between the two industry rivals. Asian Paints is India's biggest player with a 52% market share, but it has lost some of its dominance after Birla Opus launched in February 2024 and grew rapidly to garner a near 7% market share by March this year, Elara Capital data shows. The Competition Commission of India (CCI) has in recent weeks been reviewing a confidential complaint filed by Birla Opus alleging abuse of its position by Asian Paints, said the two sources, who declined to be named as the discussions are private. The CCI is yet to decide if the complaint holds merit and needs a broader probe by its investigations unit, or should be dismissed. One of the sources familiar with the matter said the allegations from Birla say Asian Paints had asked its retail dealers to not stock the rival's products and had warned of restricting their credit facilities if they do so. Birla Opus, the paints arm of the Aditya Birla Group company Grasim, did not respond to Reuters queries. The group is led by billionaire Kumar Mangalam Birla, India's seventh richest person ranked by Forbes. Asian Paints and the CCI did not respond to Reuters queries. Reuters is first to report the antitrust case, details of which - in line with watchdog's policy - are not made public. The first source added that Asian Paints also allegedly told its dealers it will curtail its supplies to them if they put up hoardings of Birla paint products or place them at prominent places. Asian Paints has not been told about the case, according to a source with direct knowledge. But it had received some media queries and has told the CCI in a confidential letter - seen by Reuters - that the company must be allowed fair comment before any decision is taken. "The rapid and substantial growth of Birla Opus demonstrated the absence of any significant barriers to entry or anti-competitive conduct by existing players," Asian Paints letter to the CCI stated. Birla has expanded its paints business in the $9.5 billion sector, starting last year with an investment of $1.2 billion, with five plants operational now. Asian Paints clocked revenues of 294 billion Indian rupees ($3.43 billion) in 2024-25, and has 26 factories globally. In 2022, the CCI closed a case filed by JSW Paints against Asian Paints for abusing its market position, saying it found no contravention of competition laws. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
