A Presentation on Kumar Mangalams business journey
Presented byNirav Panchal
Introduction
Kumar Mangalam Birla was born at Jeddah, Saudi Arabia on 14th June 1967. He was brought up in Calcutta and Mumbai. He studied Chartered Accountancy and later accomplished his MBA(Masters in Business Administration) degree from the London Business School and a Commerce Graduated (B.Com). Kumar Mangalam Birla got married to Neerja and is the father of 3 children name Ananyashree, Aryaman and Advaitesha He took charge from his father Mr.Aditya Vikram Birla i:e Aditya Birla Group in 1995 at the age of 28 years only when his father died at the early age of 52 years because of Cancer.
In Todays Scenario
Kumar Mangalam Birla is among the Top 10 Richest persons of India (7th Richest person of India)
His Net Worth is more than US $ 10 Billions.
He ranks as the 8th Youngest Billionaire of the World according to Forbes magazine.
Birla Group has a yearly Revenue of more than US $ 24 Billions. More than 1,00,000 people are working for this Group.
The major Companies of Birla Group are
Grasim Hindalco Ultra-Tech Cement Aditya Birla Nuvo & Idea Cellular Joint Ventures includes Birla Sun Life (Financial services) and Birla NGK (Insulators).
Some more about kumar m.
he is a Board member of the G.D.Birla Medical Research & Education Foundation A Board member of Governors of the Birla Institute of Technology & Science (BITS), Pilani
A Member of the London Business School's Asia Pacific Advisory Board.
When Aditya, Kumars father died in 1995, the group was already worth Rs.8,000 Crores. He has transformed his fathers empire to Rs.34,000 Crores Empire by his knowledge, Passion, Entrepreneurship, Interest & Leadership. He brought in radical changes, changed business strategies, professionalized the entire group and replaced internal systems of his overall business. Kumar Mangalam reduced his groups dependence on the cyclic commodities sector by entering consumer products.
About His leadership
The Aditya Birla Group, apart from consolidating its position in existing businesses, also ventured into sunrise sectors like cellular telephony, asset management, software and BPO. Kumar Mangalam Birla also holds several key positions on various regulatory and professional boards, Which includes o Chairmanship of the advisory committee constituted by the ministry of company affairs for 2006 and 2007, o Membership of the prime minister of India's advisory council on trade and industry, o Chairmanship of the board of trade reconstituted by the union minister of commerce and industry and o Membership of the Central Board of Directors of the Reserve Bank Of India.
Some honors won by Kumar M.
Includes o The Business Leader of the Year (2003) by The Economic Times,
o Business Man of the Year - 2003 by Business India and o The Ernst & Young Entrepreneur of the Year India in 2005.
His Transformation from an employee to an asset
To build a great culture in the group, birla has created a system based on meritocracy. His HR initiatives fall under three broad heads: o Learning and re-learning, o Performance management and o Organizational renewal.
Awards and Achievements
Lakshmipat Singhania - IIM, Lucknow National Leadership Award - 2006 "The Ernst & Young Entrepreneur of the Year India" (2005) "Young Super Performer in the CEO Category" by Business Today(2005) Udyog Ratna by Chamber of Commerce and Industry(2005) D.Litt (Honoris Causa) degree by Banaras Hindu University .
Kumar Mangalam Birla has held and continues to hold several key and responsible positions on various regulatory and professional Boards, such as: Director of the Central Board of Directors of the Reserve Bank of India from 27 June 2006 Chairman of the Advisory Committee constituted by the Ministry of Company Affairs for 2006 and 2007 Member of The Prime Minister of India's Advisory Council on Trade and Industry Chairman of the Board of Trade reconstituted by the Union Minister of Commerce and Industry
Chairman of the National Safety Council Member of The Government of Uttar Pradesh's High Powered Investment Task Force Member of The National Council of the Confederation of Indian Industry (CII) Member of the Apex Advisory Council of The Associated Chambers of Commerce and Industry of India On The Advisory Council for the Centre for Corporate Governance Member of the Organising Committee for Commonwealth Games, Delhi 2010 Chancellor of the Birla Institute of Technology and Science, Pilani.
Thank You
