KM Birla

With "dual growth engines" ABFRL and ABLBL, the Aditya Birla Group is strategically positioned to capture emerging opportunities in the Indian fashion industry, which is undergoing rapid evolution, its Chairperson, Kumar Mangalam Birla said. Addressing shareholders of Aditya Birla Fashion and Retail Ltd (ABFRL) in the latest annual report, Birla said India's per capita GDP is expected to grow from USD 2,500 to over USD 4,000 over the next five years, as it is entering a phase of aspirational consumption. This, in turn, will drive significant shifts from the unorganised to the organised retail sector, accelerate demand across all fashion categories and fuel creation of brands. "With India's dynamic economic growth, an expanding middle class and rapid shifts in consumer behaviour, we are confident that the opportunities ahead are significant," said Birla. The group has completed the demerger of Aditya Birla Lifestyle Brands Ltd (ABLBL) from ABFRL and subsequently listed in June 2025.

Kumar Mangalam Birla said the group chaired by him has invested $15 billion in the US over the last 17 years

Aditya Birla Group has invested about USD 20 billion, mainly in manufacturing space, as it looks to be among the top two players across the segments it operates in, a top company official said on Saturday. Speaking at the Hindustan Times Leadership Summit, Aditya Birla Group Chairman KM Birla said the group firm has taken tough decisions, including the acquisition of Novelis by Hindalco, to build scale and aims to expand cement business from 100 million tonnes to 200 million tonnes over the next 10 years. He said most of the group's investments are long-term, with a business outlook over the next 15-20 years, while consumer businesses have a shorter span. "We have USD 20 billion of announced investments that are on the ground. Obviously, you look at it because a lot of them are in the manufacturing space. You would look at the next 15-20 years. Shorter than that doesn't make sense in that kind of business... If, on the other hand, you're looking at fashion retail or jewellery retail

Exploring copper smelter expansion in Gujarat

Leading cement maker UltraTech is expected to cross 200 million tonne per annum capacity by FY27 helped by recent acquisitions and expansion projects, Chairman Kumar Mangalam Birla said on Wednesday. The Aditya Birla Group flagship firm has embarked on a capacity expansion drive "on a scale that is globally unprecedented" in the cement sector, he said while addressing the shareholders in the annual general meeting of the company. UltraTech last month announced acquisition of Tamil Nadu-based India Cements Ltd (ICL). Its Rs 3,142 crore open offer for acquiring 26 per cent stake will tentatively open on September 19. It has already announced the acquisition of a 32.72 per cent stake in ICL from promoters and their associates for Rs 3,954 crore. Besides, UltraTech is acquiring Kesoram Cement Business from Kesoram Industries, for which it received approval from fair trade regulator CCI in March. UltraTech is also increasing the capacity of its existing units as it faces competition fr

Aims to add 30 mn users in 3 years on the back of new financial services platform

Commissions two greenfield plants adding 5.4 mtpa in Chhattisgarh and Tamil Nadu

UltraTech said Kesoram had decided to demerge its cement business and approached UltraTech Cement in relation to it

Some of the large offerings this year have been PNB Housing Finance's Rs 2,500-crore rights issue in April followed by Capri Global Capital (Rs 1,440 crore), and Piramal Pharma (Rs 1,050 crore)

Birla said, last ten years had been a period of epochal change for India and the leaders of industry have had a chance to participate in that change and shape the future of the country

This year, President Murmu has approved 106 Padma Awards, seven of which go to posthumous recipients

Birla said the new round of expansion by UltraTech will take its capacity to 159.25 mtpa, reinforcing its position as the third-largest cement company in the world, outside of China

Birla Group Chief Financial Officer Sushil Agarwal has been named additional director on the Vi board

Analysts say that VIL losses could potentially swamp the group finances making Birla wary of making additional investments in the company

Birla indicated that his group will not invest any money in the company in the absence of relief from the government

Birla was the chairman of Century Textiles and Industries, and had been active in business since the age of 15

The chairman of the Aditya Birla group, however, sounded very optimistic about the economic growth prospects in the country