bud-17-anil, Anil, bud-17-anil, Anil, Anil Agarwal

bud-17-anil, Anil, Anil Agarwal

Anil Agarwal

Vedanta

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		Anil Agarwal is the chairman of Vedanta Resources Plc, a company he founded in 1976. The company started as a cable manufacturer and went on to be listed in the London Stock Exchange in 2003. Agarwal, however, took the company private on October, 2019.&nbsp;</div>
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		Agarwal controls Vedanta through Volcan Investments, a holding vehicle with a 100 per cent stake in the business.</div>
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		<strong>Agarwal&#39;s journey from a scrap dealer to a tycoon</strong></div>
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		Born in 1954 in Patna, Agarwal rose from running a tiny scrap metal business four decades back to becoming one of the India&#39;s wealthiest tycoons with a business empire spanning across mining and petroleum.</div>
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		Agarwal began trading in scrap metal in mid-1970s. He acquired Shamsher Sterling Corporation in 1976. Ten years later, he set up Sterlite Industries, which became the first private sector company in India to set up a copper smelter and refinery in 1993. He ventured into mining a few years later and acquired 51 per cent stake in Bharat Aluminium Company (BALCO) and a majority share (nearly 65 per cent) in state-run HZL (Hindustan Zinc Limited).</div>
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		In 2003, Agarwal incorporated Vedanta Resources in London to access international capital. The firm is a globally diversified natural resources conglomerate, with interests in zinc, lead, silver, copper, iron ore, aluminium, power generation, and oil and gas.</div>
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		<strong>Retirement and succession plan</strong></div>
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		Agarwal in 2012 indicated that he would in 3-4 years time step back from leadership and take a mentoring role as non-executive chairman. But in January 2019, he said he has no immediate plans to retire or take a non-executive role at Vedanta Group.</div>
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		He also ruled out someone from his family succeeding him.</div>
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		<strong>Philanthropy</strong></div>
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		In 1992, Agarwal created the Vedanta Foundation to carry out philanthropic programs and activities. He has pledged to donate 75 per cent of his family&rsquo;s wealth to charity, saying he was inspired by Bill Gates.</div>
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Learn who is Anil Agarwal, his net worth, his company Vedanta, his family and more Anil Agarwal news here

Page 10 - Latest Updates on Anil Agarwal

Mining baron Anil Agarwal pledges 75% of his wealth to child welfare

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