Why the Aditya Birla Group is big in my life.
Give it a little thought, and you will realize that there is no real shortage of successful family-owned companies in India. The truth is, that only a few of those have actually redefined organizational success and created history in the process. I’m talking about the Aditya Birla Group, one of India’s largest conglomerates formed back in the 1960s, during which a 24-year old by the name of Aditya Birla was handled the mantle of heading a group that at the time consisted of Hindalco, Grasim and Indian Rayon. Over time, Aditya Birla proved his mettle by taking charge and executing, with the group reporting steady growth, focusing on diversification and making strategic acquisitions.
As of today, the conglomerate operates in 35 countries and has a reported revenue of $44.3bn (2018). This revenue figure makes the group the 3rd largest Indian private sector conglomerate in India. Some of the big-name subsidiaries of the Aditya Birla Group include UltraTech Cement, Grasim Industries, Aditya Birla Capital, Vodafone Idea, Hindalco Industries and Pantaloons Fashion & Retail. Every brand owned by the Aditya Birla Group is special in more ways than you’d imagine; whether you talk about Vodafone Idea being the largest telecom provider in the country, UltraTech Cement being the leader in the cement industry or Hindalco being the largest aluminium manufacturing company in the country. With these facts in mind, it’s safe to say that the Aditya Birla Group has in some way, impacted the life of millions of people, not just in India, but also globally.
The presence of the group in my life has been massive and it all boils down to the financial services platform of the Aditya Birla Group: Aditya Birla Capital. A couple of years back, I made a major life decision, to venture into the field of investments, and begin my investment journey. Considering the fact that I was about to put my hard-earned savings into something that was really new to me, I was justifiably nervous. Although I did my due diligence at the time by using research and taking advice from people with knowledge in this domain, I was also about to put my faith in a person that I barely knew (fund manager), who’s job was to help grow my money so that I in turn could meet my long term financial goals. Needless to say, that trust has so far been re-payed as the fund I invested in is giving good returns and I plan to stay invested in the same for many more years to come. To conclude, I'd like to say that while The Aditya Birla Group has contributed to my life in a number of ways, the Financial impact mentioned above has created the maximum number of positive experiences for me.
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