How did Birla Business Empire Start Aditya Birla Group
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stories inspiring success stories and lessons on stock market
investment taking
india to the world a statement used by
aditya birla group in its
tv ads if we go by the reach this business empire has all around the world then it justifies the statement indeed the
birla family has been at the center stage of
india's financial and industrial segment for nearly a century what we see today is one of the largest conglomerates in
india aditya birla group finds its origin during the latter half of the
19th century and today's video we are going to tell you about how the group started stay tuned till the end to know what makes it one of the leading businesses in india you can trace the origins of the birla group during the second half of the 19th century in the deserts of Rajasthan during 1870 a man named shiv narayan birla opened a
business that traded cotton and jute in the small town of pilani we are talking about the time when britishers had a monopoly over the trading scenario in india but amidst all this he did quite well and the business went on to flourish locally by the early
20th century
shivnarayan birla's grandson mr ghancham das
birla came in took over the wheels of the business and became the founding father of the birla group the story started with him setting up a jute mill by the name kesuram cotton mills in
bombay but later decided to shift to kolkata in
1918 to
1919. between
1930 to
1940 he successfully set up sugar and paper mills he then went on to set up
hindustan motors but the boom in the true sense rang in for birla group after the independence of india from british rule often regarded as a nationalist
businessman mr g d birla supported the freedom struggle by contributing much needed funds he was a close confidant of mahatma gandhi and a part of the discussions held for independence once india was free from the rule of britishers g.d birla started to develop his industrial empire in a short span of time he founded grasim industrial limited by inaugurating a weaving plant in gualia soon the company started to manufacture rayon-based fabrics as time went on its textile business gained momentum and ultimately it started in-house production of rayon pulp instead of importing it with the passage of time the company started to enter new avenues like cement production manufacture of metal etc it was around this time that birla group acquired
indian rayon corporation and rebranded it as aditya
birla nuvo followed by this the establishment of its new company hindalco in
1958 took metal production to another level you would be surprised to know that the idea of starting the commercial banks in india was done by gd
birla and as a result of this united commercial
bank came into existence that is now called yuko
bank in fact the federation of
indian chambers and industry was set up by mr g.d
birla along with purushottam he's also responsible for setting up some of the renowned institutions of india we still take pride in those institutions like bitspilani that was founded in
1964. it's due to all these factors that make him one of the architects of the
country's industrial growth the development of the business was slowly passed on to the sons of gd birla namely kk birla ck birla and bk the segment of raw material was taken over by b.k birla families holdings like hindustan motors and hindustan times was looked after by his brothers k.k birla and c.k barilla by
1960s young son of bk birla and grandson of gd birla aditya vikram birla came in to help his father just 24 years old aditya birla was a visionary like his grandfather and at such a young age he was given the responsibility of grasim hindalko (Industries) and
indian rayon or aditya birlani were together the base of the famous aditya birla group was formed with his entry into the family business a new era for the birla family started he acted as a strong force in the emerging indian industrial segment and had the courage to dream about putting india's name on the globe with his family business well aditya birla achieved it he became the first industrialist to put indian business on the world map even before the globalization concept came into india as a wind of change he started with setting up a business in the southeast asian nations helping india to be a part of a global stage aditya birla established nearly 19 firms outside of india in countries like indonesia malaysia philippines thailand etc with this he also made the business in india so strong that it could compete with global companies under his guidance and leadership aditya birla group went on to achieve a lot of success as the largest refiner of palm oil the largest producer of viscose staple fiber in the world and the third largest producer of insulators after his sudden demise in 1995 the chairmanship of aditya birla group was taken over by his son kumar mangalambirla at the age of 28 years he continues to take the firm on the growth trajectory with a market capitalization of nearly
4500 crores and net profit of nearly
65.77 crores in june quarter
2020 aditya birla continues to be one of the tycoons in the business world if you like share our blog with your family or Friends,Also share your openion in Comment
