Aditya Birla Group

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ADITYA BIRLA GROUP

Founded: 1857 Founder: Ghanshyam das Birla Type: Private Industry: Conglomerate Key People: Kumar Manglam Birla Area Served: Worldwide Products:Metals,Cements,Textiles, Chemicals,Agribusiness,Carbonblac 12/5/12

Operations: 33 Countries Employees: 136000(2012) Revenue: US $40 billion(2012) Diverse Business: Aditya Birla Group consists of five main companies that operate in various industry sectors through subsidiaries, joint ventures, etc. These are Hindalco,Grasim, Aditya Birla Nuvo,Idea 12/5/12 cellularandUltraTech Cement.

Deep Routed History

1857: The foundation of the Birla Group of Companies laid by Seth Shiv Narayan Birla cotton trading operations commenced at Pilani, Rajasthan. 1919: Ghanshyamdas Birla, grandson of Shiv Narayan Birla, sets up the first Birla jute mill, marking his entry into the manufacturing sector. Rapid business expansion followed. 12/5/12

1958: Hindalco is incorporated 1962: Hindalco commences production at its aluminium complex at Renukoot, UP 1965: Mr. Aditya Birla, grandson of the legendary Ghanshyamdas Birla, starts the Eastern Spinning Mills & Industries 1966: The Indian Rayon Corporation 12/5/12 Ltd is acquired.

1969: Mr. Aditya Birla sets up Indo Thai Synthetics Company Ltd, the Group's first overseas company. 1973: P.T. Elegant Textiles established to manufacture spun yarn. It marked the Group's first venture in Indonesia. 1974: Thai Rayon, the Group's Viscose Rayon Staple Fibre business 12/5/12 incorporated in Thailand.

1977:Pan Century Edible Oils incorporated in Malaysia. It went on to become the world's largest singlelocation palm oil refinery. 1978:Thai Carbon Black, the Group's first carbon black company incorporated in Thailand 1982:P.T Indo Bharat Rayon established. It was the first producer 12/5/12 of Viscose Staple Fibre in Indonesia.

1985:India's first gas-based fertiliser plant in the private sector Indo Gulf goes on stream at Jagdishpur, UP. 1986:The Birla Growth Fund set up to finance industrial equipment, plants and machinery, and consumer durables, as well as for stock market operations. 1987:Indian Rayon is renamed Indian 12/5/12 Rayon and Industries Limited (IRIL),

1988:The government liberalises the petroleum industry. The Aditya Birla Group enters into a joint venture with Hindustan Petroleum Corporation Ltd to set up a three-million-tonne refinery, Mangalore Refineries and Petrochemicals Ltd (MRPL), at Mangalore, Karnataka. 1989:Thai Peroxide commences manufacturing of hygrogen peroxide 12/5/12

1991:Pan Century Oleochemicals commences production of fatty acids and glycerine in Malaysia. 1992:Thai Epoxy and Allied Products commences production of epoxy resins in Thailand. 1994:The Birla Growth Fund is renamed Birla Global Finance Limited, as its span of operations 12/5/12 expands.

1995: The Group enters the telecommunications sector through a joint venture with AT&T (USA). Thai Sulphites & Chemicals is incorporated to manufacture sodium sulphite and sodium metabisulphite. 1996:To honour the memory of the late Aditya Birla, a new corporate logo Aditya, the rising sun is 12/5/12 launched.

1998: The Group forms a 50:50 joint venture company with Tembec Inc. of Canada, called A.V. Cell Inc., to supply pulp for the Group's VSF operations. Grasim acquires Dharani Cement and Shree Digvijay Cement to consolidate the Group's leadership position in cement. The cement businesses of Indian

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1999:A joint venture with financial services major Sun Life of Canada is inked, as part of the overall restructuring of the Group's financial services business. 2000:Indian Rayon acquires Madura Garments and selected overseas brand rights, taking the Group to the top of the league in the branded apparels sector. 12/5/12

The Insurance Regulatory Development Authority (IRDA) grants registration in principle to Birla Sun Life Insurance Company. Indian Rayon acquires major world rights for international apparel brands Louis Philippe, Allen Solly and Peter England. The Group announces its intention to 12/5/12 launch a 450 MW 'Green Power

2001:Grasim acquires 2.50 crore shares representing just over 10 per cent of the equity in L&T from Reliance Industries Ltd. Birla Consultancy & Software Services spun off; becomes a separate entity called Birla Technologies Ltd. Indian Rayon acquires a stake in PSI 12/5/12 Data Systems, in one of the largest

2002:The Grasim board approves an open offer for purchase of up to 20 per cent of the equity of L&T, in accordance with the provisions and guidelines issued by the Securities & Exchange Board of India Regulations, 1997. Grasim increases stake in L&T to 14.15 per cent (351.84 lakh shares). Landmark corporate restructuring of

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2003:Mr. Kumar Mangalam Birla, Chairman of the Group, selected asBusiness India's Businessman of the Year - 2003.::Mr. Kumar Mangalam Birla selected asThe Economic Times' Business Leader of the year. The Group is ranked 16th in India's first ever survey of 'Great places to work in', published inBusiness 12/5/12

The board of engineering major Larsen & Toubro Ltd (L&T) decides to demerge its cement business into a separate cement company (CemCo), in which L&T will retain 20 per cent of its equity with the balance to be distributed to their shareholders in proportion to their shareholding in L&T. As a consequence, Grasim to acquire an 8.5 per cent equity stake 12/5/12 from L&T and then make an open

2004:Board reconstituted with Mr. Kumar Mangalam Birla taking over as Chairman. Completion of the implementation process to demerge the cement business of L&T and completion of open offer by Grasim, with the latter acquiring controlling stake in the newly formed company UltraTech. Grasim, Nagda, receives the FICCI

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2005:Indian Rayon re-christened as Aditya Birla Nuvo. Aditya Birla Group to set up a worldclass aluminium project in Orissa. The Aditya Birla Group signs a framework agreement to acquire St Anne Nackawic Pulp Mill, Canada. 2006:Hindalco enters into a joint venture with Almex USA Inc.

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2007:The Aditya Birla Group honoured with theIndia TodayGroup'sReader's DigestGold award in recognition of the work that truly exemplifies the highest values of society as well as those ofReader's Digest. The award was received by Mrs. Rajashree Birla, Chairperson, Aditya Birla Center for Community Initiatives and Rural 12/5/12 Development, at the Pegasus

2008:The President of India, Mrs. Pratibha Patil confers the much coveted Rotary International Polio Eradication Champion Award on Mrs. Rajashree Birla in an elegant function at the Rashtrapati Bhavan (Delhi), attended by the Chairman, select Rotarians and WHO officials. 2009:Grasim's pulp and fibre division wins the highly prestigious Asian CSR 12/5/12

The Birla Sun Life Equity-Linked FMP wins the "Best Local Currency Structured Product-India" at the Triple A Investment Performance Awards 2009.::Birla Sun Life Mutual Fund named the best "Onshore Fund House India" by Hong Kong based magazine,The Asian Investor, at the Investment Performance Awards 2009.
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Reader's Digest Pegasus Star Award conferred on Hindalco in recognition of work that truly exemplifies the highest values of society and corporate leadership for social responsibility and sustainable development initiatives. Mrs. Rajashree Birla who spearheads all the Group's social projects received this much coveted award on behalf of 12/5/12 Hindalco from Mr. Arun Jaitley, MP,

2010:Ultratech's 'Concern for Health' project awarded the Asian Corporate Social Responsibility Award by the Asian Institute of Management Centre for Corporate Social Responsibility. Hindalco ranked ninth across industries on Forbes Asia's Fab 50 companies list of Asia's 50 most valued companies. 12/5/12

Mr. Kumar Mangalam Birla, Chairman of the Group, presented the All India Management Association (AIMA) Managing India Award 2010 for ' Business Leader of the Year'. AIMA confers these awards to persons who are exemplary leaders who have made a fundamental difference. Mrs. Rajashree Birla, Chairperson, Aditya Birla Centre for Community 12/5/12

The Aditya Birla Centre for Community Initiatives and Rural Development team up with Columbia University's research centre, the Columbia Global Centers' Earth Institute in Mumbai, to become its principal partner. The Earth Institute's goal is to help achieve sustainable development primarily by expanding people's understanding 12/5/12 of the earth as one integrated

2011:The 'Corporate Citizen of the Year' Award was bestowed upon the Aditya Birla Group by the Public Relations Council of India for "its touchingly engaging work amidst the rural poor in our country and for setting a fine example for other corporates". Mrs. Rajashree Birla received the award at the hands of Mr. H. K. Dua, Member of Parliament 12/5/12 and formerly Press Advisor to the

The Aditya Birla Group is ranked No. 4 in the list of global top companies for leaders and No.1 in Asia Pacific for 2011, in a study conducted by Aon Hewitt,Fortune Magazineand RBL (a strategic HR and Leadership Advisory firm). Mrs. Rajashree Birla was presented the All India Management Association (AIMA) Managing India Award 2011 12/5/12

2012:The Aditya Birla Group (ABG) bags the 'Economic Times Corporate Citizen Award - 2011-12'. The award seeks to honour the contribution to public good through commitment to critical social causes that influence the lives of thousands of needy Indians. ABG was the recipient of this coveted award for the first time in 2002.
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