Kumar Mangalam Birla
(5 out of 5 based on 5 Ratings)
Kumar Mangalam Birla Biography
Kumar Mangalam Birla
•Born- 14th June, 1967
•Occupation- Chairman of Aditya Birla Group
•Net worth- USD 8 billion
•Alma mater- University of Mumbai, London School of Business.
•Spouse- Neerja Birla
•Children- Ananyashree, Aryman Vikram, Advaitesha
•Parents- Aditya Birla and Rajashri Birla
•Residence- ML Dahunkhar Marg Dhanukar hill, Cumbala hill, Mumbai
•Salary- USD 35 billion
Holding the reigns of one of India’s most popular and at the same time largest conglomerate is certainly not easy. More than business acumen and skill there is a need to be astute. Kumar Mangalam has approached the challenges of job with judicious and decisive perspective thus defying skeptics who had lined him for lack of business caliber. He has also been successful in truly taking India to the world.
Kumar Mangalam Birla Early Life- Kumar Mangalam Birla was born on the 14th June, 1967 to Aditya and Rajashri Birla in Kolkata. Being the son of a business tycoon was never easy for Kumar and he learned things the hard way. He was trained up in the most austere conditions. He spent in childhood first in Kolkata then in Mumbai. By profession he is a Chartered Accountant. He secured his commerce degree from the HR College of Commerce and Economics Mumbai and also his MBA from London School of Business where he is an Honorary Fellow. He is also the holder of various honorary degrees.
Kumar Mangalam Birla Personal Life- The sudden death of Aditya Birla was a shock to his family. Aged 28 at the time Kumar Mangalam Birla took on the mantle of the Tata group. Many doubts were raised about the credibility of Birla. His ability to lead the multifaceted Tata Group was under contention. The group was rooted at that time in textiles, cement, aluminum and fertilisers. But contrary to skeptics, Kumar aimed solely at maintaining the growth trajectory. In the last 17 years at the helm of affairs the company he has been a reason for accelerated growth and has aimed at meritocracy. From a turnover of close of USD 2 billion in 1995 the company today stands at USD 40 billion. He was responsible for restructuring the business. The company has also been instrumental in making 22 acquisitions in the last 17 years. In the last years the company has also expanded to sectors like Telecom, Software and Business processing and outsourcing. The company has expanded operations to almost 40 countries prominent among them include North America, Canada, Brazil, Germany, Italy, Spain, Hungary and China. 60% of the company’s revenue comes from abroad and 1, 30,000 people are hired for the company’s business operation.
Kumar Mangalam Birla board positions- Kumar Mangalam Birla is the Chairman of the Aditya Birla Group. Apart from that he is also deeply engaged with other educational institutions.
•He is the Chancellor of Birla Institute of Technology and Sciences (BITS)
•He is a member of GD Birla Medical Research and Educational Foundation
•He serves on the London Business School’s Asia Pacific Advisory Board and is a Honorary Fellow of the London Business School.
Kumar Mangalam Birla personal life- He is married to Girija Birla and they have three children Ananyashree, Aryman Vikram, Advaitesha. His wife Neerja overlooks the Aditya Birla World Academy a school in Mumbai. Mr. Birla has his magnificent mansion at the Carmichael Road, Mumbai.
His lavish house has five stories and the interior is based on indo-gothic theme. The interior of his home has European touch with Indian feel.
Kumar Mangalam Birla Assets- Kumar Birla is known for setting targets for himself and he has always kept up to these targets. He is known in corporates terms as infusing meritocracy in organization. He has healthy net worth of USD 8 billion dollars and draws a salary of USD 35 billion dollars. Recently he set a target that the company was aiming at achieving the title of 65 billion US dollars in the next three years. The company’s turnover at present is 40 billion US dollars.
Kumar Mangalam Birla’s Car Collection- The business magnate owns BMW 5 Series Sedan. This car sets the standards for sports sedans. The sedan features include a sun roof, power tilt telescoping steering wheel, Bluetooth and 12 speaker sound systems. The interiors of the cars are specially customized. The car has 8 speed auto transmission with electric power steering.
Kumar Mangalam Birla Charity- Kumar Mangalam Birla has cemented the company’s profits with charity and as such has become an example for others to follow. In India the group is engaged in the 300 villages reaches out to 7 million people. The group has laid emphasis on various sectors namely education, healthcare, sustainable living, infrastructure and various social causes. For instance, the Group runs 42 schools, which provide quality education to 45,000 children. Of these, over 18,000 children receive free education. Additionally, over a 100,000 youngsters benefit from bridge educational programmes and vocational training.
Kumar Mangalam Latest news-
Kumar Mangalam Birla; Target is 65 million by 2015
Recently he set a target that the company was aiming at achieving the target of 65 billion US dollars in the next three years. The company’s turnover at present is 40 billion US dollars. He said that he is also focusing on acquiring mining or copper assets abroad, though he stated that the company is not close to buying anything as of late. He included that there was not despondency as far as growth is concerned by the aim was simply to grow that a formulated pace.
Kumar Mangalam Birla Awards
Harish Mahindra Memorial Global Award for outstanding contribution to globalisation of Indian industry
National Indian Business Icon Award from the Indore Management Association (IMA)
NASSCOM's 'Global Business Leader Award' 2012.
'CNBC-TV18 India Business Leader Award 2012' for "taking India abroad".
'GQ Business Leader of the Year Award - 2011' from Condé Nast India, an affiliate of Condé Nast Global.
'CNN-IBN Indian of the Year 2010 - Business' for being the most outstanding business person and making a success out of most of the businesses including the sunrise sector.
The All India Management Association's (AIMA), Managing India Awards 'Business Leader of the Year' 2010.
The 'AIMA-JRD Tata Corporate Leadership Award' 2008.
The Honorary Degree of Doctor of Science (honoris causa) in 'recognition of his invaluable contribution in the field of business administration' by the G. D. Pant University of Agriculture & Technology, 2008.
"For the development of technology and also for the involvement in the field of industries in bringing the country at par with other countries in the field of industries", the SRM University in Tamil Nadu conferred the Degree of Doctor of Literature, 2008.
The Asia Pacific Global HR Excellence 'Exemplary Leader' Award, 2007.
'The Global Indian Leader of the Year' by NDTV Profit in their Business Leader Awards category, 2007.
The Lakshmipat Singhania – IIM Lucknow National Leadership Award, Business Leader, 2006.
Inducted as a Member of the Ernst & Young World Entrepreneur of the Year Academy.
'The Ernst & Young Entrepreneur of the Year' Award, 2005.
'Young Super Performer in the CEO Category' by Business Today, 2005.
Chosen by the World Economic Forum (Davos) as one of the Young Global Leaders, 2004.
'The D. Litt (honoris causa) Degree' by the Banaras Hindu University, 2004.
'Honorary Fellowship' by the All India Management Association, 2004.
'The Business Leader of the Year', The Economic Times Awards for Corporate Excellence 2002-2003.
'Business Man of the Year - 2003' by Business India.
'The Rajiv Gandhi Award' for "business excellence and his contribution to the country" by the Mumbai Pradesh Youth Congress, 2001.
The National HRD Network, 'The Outstanding Business Man of the Year', 2001.
The Institute of Directors' 'Golden Peacock National Award for Business Leadership', 2001.
The Hindustan Times', 'Businessman of the Year', 2001.
The Bombay Management Association's 'The Management Man of the Year 1999-2000'.
'Among the 10 super stars of corporate finance' - Global Finance, 1998.
'Among the top 10 of India's most admired and respected CEOs and the top CEO of the coming millennium', Business World, 1998.