Birla Corporation
| Public | |
| Industry | Diversified |
| Founded | 1910 |
| Founder | Madhav Prasad Birla, Shri Ghanshyam Das Birla |
| Headquarters | Kolkata,WestBengal, India |
|
Key people
|
Harsh Vardhan Lodha |
| Website | www |
Birla Corporation Limited, is an Indian-based flagship company of the M P Birla group of companies, founded by Shri Ghanshyam Das Birla in the late 1910s and carried on by Madhav Prasad Birla.
In the 1890s, Birla Corporation was a jute manufacturing company, but over time, it grew to operate four main divisions: cement, jute, vinoleum, and auto trim. It is not a part of the Aditya Birla Group, a multinational conglomerate with products ranging from metals, cements, textiles, agricultural businesses, telecommunications, IT, and financial services. Formerly known as Birla Jute Manufacturing Company Limited, with the expansion of divisions, the company changed their name in 1998 to Birla Corporation Limited.
Shri Ghanshyam Das Birla’s grandfather, Shiv Narayana Birla used his capital from a moneylending business and started a cotton business. With a successful venture, he went back to Pilani, his birthplace, and built a mansion for the family. Business boomed with World War I as the British Empire relied on Birla to provide for the war efforts. GD Birla inherited the family business and expanded into many industries, and by 1919, the Birla Brothers Limited was formed with his other three siblings. He ventured into the motor vehicle industry, tea, textiles, cement, chemicals, and by 1942, also organized the United Commercial Bank Limited, one of the first commercial banks of India. While still in the early years of the Birla Group, an inkling of the future of Birla Brothers Limited was depicted in GD Birla’s life.
Born in 1918, Madhav Prasad of Bombay, son of GD Birla, was a part of the Birla Jute Manufacturing Company since the beginning. By the time he finished college, he was already in charge of Birla Jute which had suffered economic downturns and wars. Madhav changed the company from Birla Jute Manufacturing Company to a company with activities across a wide spectrum of industries. In MP Birla’s time, Birla Corporation and the other businesses under Birla Group gained significant power and stance in the cement, auto trims, steel, and building materials. When he died in 1990, his wife, Priyamvada Birla took over as the chairman of Birla in 1998 and changed the name to Birla Corporation Limited. Priyamvada is known for her active roles in the community, healthcare, and education.
Today, the Aditya Birla Group is one of the largest multinational conglomerates in India, worth over $40 billion, a diversified Fortune 500 company in a wide variety of industries, and grounded with over 136,000 employees.
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