22 ROCK STEADY

India Today - - 50 POWER PEOPLE - KU­MAR MANGALAM BIRLA

Be­cause he has been steadily steer­ing the Aditya Birla Group into a higher or­bit, with group rev­enues touch­ing $48.3 bil­lion (Rs 3.3 lakh crore) from 14 dif­fer­ent busi­nesses

Be­cause the group merged its Idea Cel­lu­lar with Voda­fone In­dia in July 2018 to cre­ate In­dia’s largest mobile tele­phony com­pany, with 387.5 mil­lion sub­scribers in June this year

Be­cause Hin­dalco’s wholly owned sub­sidiary, Novelis Inc, ac­quired US-based Aleris Cor­po­ra­tion, a global alu­minium rolled prod­ucts ma­jor, for $2.58 bil­lion (Rs 17,286 crore) in July 2018. This marked Novelis’ en­try into the high-end aero­space seg­ment, with tech­no­log­i­cal ca­pa­bil­i­ties in man­u­fac­tur­ing and R&D in Aleris’ fa­cil­ity in Koblenz, Ger­many

Be­cause ce­ment busi­ness Ul­traTech is now the mar­ket leader af­ter ab­sorb­ing the busi­nesses of Cen­tury Tex­tiles and In­dus­tries FORCE MUL­TI­PLIER

Un­der Birla, the com­pany’s turnover has in­creased more than 24 times, from $2 bil­lion in 1995 to over $48 bil­lion now

OLD OR­DER CHANGETH

B.K. Birla, his grand­fa­ther and in­spi­ra­tion, passed away on July 3 this year, fol­low­ing which Ku­mar Mangalam was cho­sen as chair­man of the former’s com­pany, Cen­tury Tex­tiles and In­dus­tries

RACHIT GOSWAMI

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