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Status: Offline Posts: 5,056 Management Paradise Rupees.: 105,607 Join Date: Apr 2006 Location: Mumbai Age: 21 | Re: Aditya Birla Group India -
September 2nd, 2008
The Aditya Birla Group, India's first multinational corporation, traces its origins back to the tiny village of Pilani in the Rajasthan desert, where Seth Shiv Narayan Birla started cotton trading operations in 1857. Today, the Group's footprint extends to 25 countries and its revenues are US$ 28 billion. We retrace the highlights of this remarkable journey, starting from the present:
2008-
:: The President of India, Mrs. Pratibha Patil conferred the much coveted Rotary International Polio Eradication Champion Award on Mrs. Rajashree Birla in an elegant function at the Rashtrapati Bhavan (Delhi), attended by the Chairman, select Rotarians and WHO officials
2007-
:: The Aditya Birla Group was honoured with the India Today Group's Readers Digest Gold award in recognition of the work that truly exemplifies the highest values of society as well as those of Reader's Digest. The award was received by Mrs. Rajashree Birla, Chairperson, Aditya Birla Center for Community Initiatives and Rural Development, at the Pegasus Corporate Social Responsibility Awards 2007 function
:: Hindalco awarded the CII - Sorabji Green Business Centre "National Award for Excellence in Water Management 2007".
:: In May 2007, Novelis became a Hindalco subsidiary with the completion of the acquisition process. The transaction makes Hindalco the world's largest aluminum rolling company and one of the biggest producers of primary aluminum in Asia, as well as being India's leading copper producer.
2006-
:: Hindalco in a joint venture with Almex USA Inc.
:: TransWorks Information Services announces success of bid to acquire Minacs Worldwide
:: Grasim Industries Limited, India; Thai Rayon Public Company Limited, Thailand and P.T. Indo Bharat Rayon, Indonesia form a JV with Hubei Jing Wei Chemical Fibre Company, China, for VSF.
:: Hindalco awarded the Greentech Safety Silver Award for its outstanding safety performance during 2005-06.
2005-
:: Indian Rayon re-christened as Aditya Birla Nuvo.
:: Aditya Birla Group to set up a world-class aluminium project in Orissa.
:: The Aditya Birla Group signs a framework agreement to acquire St Anne Nackawic Pulp Mill, Canada.
2004-
:: Board reconstituted with Mr. Kumar Mangalam Birla taking over as Chairman.
:: Completion of the implementation process to demerge the cement business of L&T and completion of open offer by Grasim, with the latter acquiring controlling stake in the newly formed company UltraTech.
:: Grasim, Nagda, received the FICCI Annual Award 2003-2004 in
recognition of corporate initiaitve in rural development.
:: Bihar Caustic and Chemicals Ltd., Rehla, Jharkhand, has received the
FICCI Annual Award 2003-2004 in recognition of corporate initiative in family welfare.
:: Hindalco recieves India CFO Award 2004 for excellence in finance in a large corporate.
:: Scheme of Arrangement announced to merge Indal with Hindalco.
:: Indian Rayon completes its brownfield expansion of 40,000 TPA at Hi-Tech Carbon, Gummidipundi, taking total capacity to 1,60,000 TPA.
:: Deming Award for Indo Gulf.
:: Indal wins FICCI Award 2002-2003 for 'Corporate Initiative in Rural Development'.
2003-
:: Mr. Kumar Mangalam Birla, Chairman of the Group, is selected as Business India's Businessman of the Year - 2003.
:: Mr. Kumar Mangalam Birla is selected as The Economic Times' Business Leader of the year.
:: The Group is ranked 16th in India's first ever survey of 'Great places to work in', published in Business World magazine. The Group's joint venture concern, Birla Sun Life Insurance, is ranked 9th in the same study.
:: The Group is ranked 20th in a study on the 'Best Employers in India', conducted by Hewitt Associates and Business Today.
:: Hindalco receives the Asian CSR Award for its "Rural Poverty Alleviation Programme". The Asian CSR Awards are Asia's premier awards programme on Corporate Social Responsibility.
:: The Group acquires the Mount Gordon Copper mines in Australia, another strategic step in becoming a globally competitive copper player.
:: Liaoning Birla Carbon, the Group's first carbon black company in China, is incorporated.
:: Indian Rayon acquires TransWorks, a leading Indian ITES / BPO company.
:: The board of engineering major Larsen & Toubro Ltd (L&T) decides to demerge its cement business into a separate cement company (CemCo), in which L&T will retain 20 per cent of its equity with the balance to be distributed to their shareholders in proportion to their shareholding in L&T. As a consequence, Grasim to acquire an 8.5 per cent equity stake from L&T and then make an open offer for 30 per cent of the equity of CemCo, to acquire management control of CemCo.
:: The Group divests its entire 37.38 per cent equity stake in Mangalore Refineries and Petrochemicals Ltd (MRPL) to the Oil and Natural Gas Corporation (ONGC).
:: Birla Copper acquires the Nifty Copper Mines in Australia, as part of a strategic plan to make the company an integrated copper producer, and source raw material for its copper smelter at Dahej, Gujarat.
:: Indian Rayon formally launches its insulators joint venture with NGK Insulators Ltd., Japan, christening it as "Birla NGK Insulators Private Limited.
:: Birla Copper, a strategic business unit of Hindalco, is accorded London Metal Exchange (LME) registration. Its copper cathodes are approved as 'Grade A' copper brand by LME.
2002-
::The Grasim board approves an open offer for purchase of up to 20 per cent of the equity of L&T, in accordance with the provisions and guidelines issued by the Securities & Exchange Board of India Regulations, 1997.
:: Grasim increases stake in L&T to 14.15 per cent (351.84 lakh shares).
:: Landmark corporate restructuring of Hindalco and Indo Gulf. The fertiliser business of Indo Gulf to be demerged into a separate company called Indo Gulf Fertilisers. Indo Gulf's copper business to be merged with Hindalco, creating a non-ferrous metals powerhouse.
:: Grasim divests its Gwalior unit to Melodeon Exports Limited, and consolidates textile operations at a single location in Bhiwani, MP, which will manufacture both 'Grasim' and 'Graviera' brands.
:: PSI Data Systems acquires Birla Technologies Ltd, bringing the Group IT services business under one umbrella.
:: Indal acquires a controlling stake in Anapurna Foils Ltd (AFL), to augment its position in the foil and packaging sectors. Subsequently AFL is merged with Indal.
:: The Group receives The Economic Times' "Corporate Citizen" of the year award.
2001-
:: Grasim acquires 2.50 crore shares -- representing just over 10 per cent of the equity -- in L&T from Reliance Industries Ltd.
:: Birla Consultancy & Software Services spun off; becomes a separate entity called Birla Technologies Ltd.
:: Indian Rayon acquires a stake in PSI Data Systems, in one of the largest cash transactions in the Indian technology sector.
:: Grasim closes its pulp plant at Mavoor as a part of its restructuring initiatives.
2000-
:: Indian Rayon acquires Madura Garments and selected overseas brand rights, taking the Group to the top of the league in the branded apparels sector.
:: The Group forays into e-business through a strategic alliance of its software arm, Birla Software and Consultancy Services (BCSS), with Lawson Software (USA).
:: 'Gyanodaya', the Institute of Management Learning of the Adiya Birla Group, is inaugurated.
:: Hindalco acquires Indal. The Indal board is reconstituted. Mr Kumar Mangalam Birla becomes Indal's new chairman. The Group holding goes up to 74.6 per cent, and further increases to 96 per cent in FY'03.
:: The Insurance Regulatory Development Authority (IRDA) grants registration in principle to Birla Sun Life Insurance Company. Indian Rayon acquires major world rights for international apparel brands Louis Philippe, Allen Solly and Peter England.
:: The Group announces its intention to launch a 450 MW `Green Power Project' in Karnataka .
:: The merger of Birla AT&T and Tata Cellular is completed.
1999-
:: A joint venture with financial services major Sun Life of Canada is inked, as part of the overall restructuring of the Group's financial services business.
1998-
:: The Group forms a 50:50 joint venture company with Tembec Inc. of Canada, called A.V. Cell Inc., to supply pulp for the Group's VSF operations.
:: Grasim acquires Dharani Cement and Shree Digvijay Cement to consolidate the group's leadership position in cement.
:: The cement businesses of Indian Rayon and Grasim are consolidated into a single division of Grasim – the biggest restructuring ever by any corporate entity in India.
:: The Group forays into copper with the commissioning of Indo Gulf's copper smelter – the largest of its kind in India.
:: Thai Organic Chemicals begins commercial operations of Chlor-Alkali and Epichlorohydrin.
1996-
:: To honour the memory of the late Aditya Birla, a new corporate logo – Aditya, the rising sun – is launched.
:: All group companies are consolidated under the umbrella of the Aditya Birla Group, led by Mr Kumar Mangalam Birla.
:: P.T. Indo Liberty Textiles is incorporated to manufacture yarn in Indonesia.
1995-
:: The Group enters the telecommunications sector through a joint venture with AT&T (USA).
:: Thai Sulphites & Chemicals is incorporated to manufacture sodium sulphite and sodium metabisulphite.
1994-
:: The Birla Growth Fund is renamed Birla Global Finance Limited, as its span of operations expands.
:: Alexandria Carbon Black, the Group's first joint venture with the Egyptian government, is established.
1992-
:: Thai Epoxy and Allied Products commences production of Epoxy Resins in Thailand.
1991-
:: Pan Century Oleochemicals commences production of fatty acids and glycerine in Malaysia.
1990-
:: Mr Kumar Mangalam Birla gets actively involved in the Group's operations.
1989-
:: Thai Peroxide commences manufacturing of hygrogen peroxide solutions in Thailand.
1988-
:: The government liberalises the petroleum industry. The Aditya Birla Group enters into a joint venture with Hindustan Petroleum Corporation Ltd to set up a three-million-tonne refinery, Mangalore Refineries and Petrochemicals Ltd (MRPL), at Mangalore, Karnataka.
1987
:: Indian Rayon is renamed as Indian Rayon and Industries Limited (IRIL), to reflect its wide horizon of activities.
:: Thai Acrylic Fibre is incorporated to produce fibre and tow.
1986-
:: The Birla Growth Fund is set up to finance industrial equipment, plant and machinery and consumer durables, as well as for stock market operations.
1985-
:: India's first gas-based fertiliser plant in the private sector – Indo Gulf – goes on stream at Jagdishpur, UP.
1984-
:: Thai Polyphosphates and Chemicals commences production of sodium phosphates in Thailand.
1982-
:: P.T Indo Bharat Rayon is established. It is the first producer of Viscose Staple Fibre in Indonesia.
1978-
:: Thai Carbon Black, the Group's first carbon black company is incorporated in Thailand.
1977-
:: Pan Century Edible Oils is incorporated in Malaysia, going on to become the world's largest single-location palm oil refinery.
1975-
:: The Indo Phil Group of companies, the first Indo-Filipino joint venture commences production of spun yarn.
1974-
:: Thai Rayon, the Group's Viscose Rayon Staple Fibre business is incorporated in Thailand.
1973-
:: P.T. Elegant Textiles is established to manufacture spun yarn. It marks the Group's first venture in Indonesia.
1969-
:: Aditya Birla sets up Indo-Thai Synthetics Company Ltd, the group's first overseas company.
1967-
:: Hindalco sets up a captive power plant at Renusagar - a significant strategic move.
1966-
:: The Indian Rayon Corporation Ltd is acquired.
1965-
:: Aditya Birla, grandson of the legendary Ghanshyamdas Birla, starts the Eastern Spinning Mills & Industries.
1962-
:: Hindalco commences production at its aluminium complex at Renukoot, UP.
1958-
:: Hindalco is incorporated.
1947-
:: Grasim is incorporated. It commences operations with a small rayon weaving unit at Gwalior, MP.
1919-
:: Ghanshyamdas Birla, grandson of Shiv Narayan Birla, sets up the first Birla jute mill, marking his entry into the manufacturing sector. Rapid business expansion follows.
1857-
:: The foundation of the Birla Group of Companies is laid by Seth Shiv Narayan Birla – cotton trading operations commence at Pilani, Rajasthan.
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Aditya Birla Group India -
September 2nd, 2008
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