Kumar Manglam Birla: Like paint or cement, see what Kumar Mangalam Birla replied – kumar manglam birla says he loves cement but excited about foray into paint sector
[ad_1]
In a program of Lokmat, Kumar Mangalam Birla was asked whether he likes paint or cement. To this he said that he likes cement now and it will remain his choice for a long time. He said, I grew up with the cement business. That’s why I like cement right now. But we are very excited about the paint. If industry experts are to be believed, Aditya Birla Group wants to become a big player in paints. For this, plants are being built in Panipat, Ludhiana and Chamrajnagar. When Birla was asked what he liked between the top line (revenue) and the bottom line (profit), he replied flatly, ‘Bottom line. More than this I like cash. Asked what he prefers between acquisitions and greenfield/brownfield, Birla said it depends on the situation. Whichever will create more value, that is right. He said that both manufacturing and consumer facing are interesting. The manufacturing base of the group is high but there are many possibilities in consumer facing as well. Regarding startup companies, Birla said that there are many good people working in the fintech sector.
how much is the net worth
According to the Bloomberg Billionaire Index, Kumar Mangalam Birla’s net worth is $13.9 billion. He is at number 129 in the list of the world’s rich. Recently he was awarded the Padma Bhushan, the country’s third highest civilian award. Kumar Mangalam Birla had to take over the command of the group at the age of just 28 due to the untimely demise of his father. He spread business in many areas including software, BPO and telecom. Today the business of Aditya Birla Group is spread across 36 countries in six continents. Under his leadership, the group’s turnover has increased 30 times to $60 billion. Under his leadership, the group acquired over 40 companies in India and abroad. This is the largest acquisition by an Indian multinational company.
[ad_2]
Source link
