Kumar Birla Biography & Net Worth
|Popular Name:||Kumar Birla|
|Real Name:||Kumar Mangalam Birla|
|Birth Date:||14 June 1967|
Kolkata, West Bengal, India
Neerja Birla (m. 1989)
|Profession:||Businessman, Entrepreneur, Investor|
|Net Worth:||$6.3 Billion|
|Last Updated:||December, 2020|
Kumar Birla is an Indian Businessman and the chairman of the multinational, Aditya Birla Group— known to be the third largest business house in the whole of India. Born into a business family, he was raised to become a successful entrepreneur, and eventually got involved in the family business. After obtaining his degree and becoming a Chartered Accountant, Birla completed his post-graduation from London. Following the shocking demise of his father, Kumar Birla, 28 at that time, was saddled with the responsibility of taking care of the family business as well as the family. He faced a lot of doubts regarding his lack of experience because by the time he took over the Aditya Birla Group, it was already a giant business enterprise, dealing in viscose, garments, cement, textiles, aluminum and fertilizers. But he let none of these challenges let him down and went on to silence his critics with his sharp business sense. He encouraged new business policies and changes in the running of the organization were marked by his passionate approach. Along with preserving the reputation of the company in existing sectors, Kumar also showed interest in changing sectors like software and BPO. Apart from running a prosperous business group, this billionaire is also a leading philanthropist and his contribution towards the growth of weak sections of the society is noticeable and appreciated.
Kumar Birla’s Early Life
Kumar Mangalam Birla was born into a Marwari business family on June 14, 1967. His parents were Aditya Vikram Birla and Rajashri Birla. He has a sister named Vasavadatta Birla. He spent most of his childhood in Kolkata and Mumbai, and was raised in a high-pressure environment which constantly reminded him of his family name, fortune, and the responsibility attached with it.
After completing his school education, he attended the University of Bombay and graduated with a B.Com degree. He then attended the Institute of Chartered Accountants of India and graduated as a Chartered Accountant, before attending London Business School, London, United Kingdom where he completed his MBA.
Kumar Birla’s Career
Following the passing of his father in 1995, Kumar took over as the Chairman of Aditya Birla Group of Companies. Some suspicions were raised concerning his abilities to handle such a big organization due to his lack of experience but he proved his cynics wrong. He consolidated the position of the company in existing businesses and further expanded to BPO, Telecom, Software, and other areas. He is currently the Chairman of the $40 billion multinational company with operations spanning across over 40 different countries across six continents.
Kumar was appointed as Chairman of the Board of Trade by the Ministry of Commerce & Industry. He also served as the Chairman of the Advisory Committee of the Ministry of Company Affairs. He was made Chairman of SEBI’s Committee on Insider Trading, and also became the Chairman of Securities and Exchange Board of India’s (SEBI) Committee on Corporate Governance.
He is a former Director of the Central Board of Directors at the Reserve Bank of India. He also became a member of Asian Regional Advisory Board of London Business School, and has been inducted on the Advisory Board of The Economic Times Corporate.
He is a member of the Advisory Council for the Centre for Corporate Governance, Apex Advisory Council of the Associated Chambers of Commerce, and National Council of the Confederation of Indian Industry (CII).
Awards & Achievements
Kumar Birla was named ‘Business Man of the Year’ by Business India and ‘The Business Leader of the Year’ by The Economic Times in 2005. He was honoured with ‘The Ernst & Young Entrepreneur of the Year-India’ Award in 2005. In 2007, he was named Outlook business magazine’s ‘Most Socially Responsible Leader’ and NDTV’s ‘Global Indian Leader of the Year’.
In 2008, the Amity International Business School presented him ‘The Corporate Role Model Award’ and AIMA honoured him with the ‘JRD Tata Corporate Leadership Award’. In 2009, the Bombay Management Association presented him the ‘Entrepreneur of the Decade Award’. In 2010, he was named ‘CNN-IBN Indian of the Year– Business’. The All India Management Association also named him the ‘Business Leader of the Year’ in the same year.
He has earned the honor of being the Bombay Management Association’s “The Management Man of the Year”, NITIE’s “Business Visionary”, and the World Economic Forum’s “Young Global Leader”.
The Banaras Hindu University has awarded him the D. Litt (Honoris Causa) Degree. He also received The Honorary Doctorate of Science (Honoris Causa) from the G. D. Pant University of Agriculture & Technology, Pantnagar.
Personal Life & Family
The entrepreneur is a happily married man. He is married to a fulltime homemaker named Neerja Kasliwal. The couple has been blessed with three children: a son named Aryaman Vikram, and two daughters, Ananyashree and Advaitesha.
Kumar Birla Net Worth
As a prosperous Indian industrialist, Kumar Birla net worth is $6.3 billion. He has acquired his billionaire status and fame from heading the Aditya Birla Group since he was 28 years old. The Aditya Birla Group is one of India’s largest conglomerate corporations, and became chairman of the group following the demise of his father, noted innovator and industrialist Aditya Birla. Under his leadership, the company diversified into BPO (Business Process Outsourcing), asset management, software, and cellular telephony. He has evolved the business by implementing internal systems, new business strategies, and radical changes. Kumar Birla is also the Chancellor of Birla Institute of Technology & Science.