Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now

You can switch off notifications anytime using browser settings.
Stock Analysis, IPO, Mutual Funds, Bonds & More

Possible successors to $44 billion Aditya Birla Group a cricketer and a singer!

I am the only one in the family who is involved in the business, Kumar Mangalam Birla said.

ET Now|
Updated: Nov 21, 2018, 02.00 PM IST
Ananya Birla (left) is a singer while Aryaman Birla (right) is a proffessional cricketer.
By Ayesha Faridi

NEW DELHI: Who will be the successor to Birla scion Kumar Mangalam Birla at the $44 billion Aditya Birla Group?

The question seems to be haunting the billionaire businessman himself more than the investors of his companies. In response to a pointed question, Birla said his son Aryaman is a professional cricketer and has no time for anything, for now. His daughter, he said, is into micro-financing and affordable housing. Other than that, she is a singer.

“It’s good to have them follow their passions. They both work very hard. This is what is important to us, as parents,” Birla told ETNOW in an interview.

Ananya is a singer. She also founded Svatantra Microfin, a company that provides microfinance to women in rural India, at the age of 17.

As per the company website, she is the Chairperson of Micro Housing Finance Corporation (MHFC) and co-chairperson of Assocham’s Microfinance Council of India. The 21-year Aryaman Birla is a left-hand bat and a slow left-arm orthodox bowler. As per ESPN, he has played three first-class matches, and 4 List-A matches so far.

“We are a professionally-run company. I am the only one in the family who is involved in the business. Yes, I am sure they will be at the head. That’s what I would like to see,” Birla said, while reiterating that his company is a professionally-run.

Kumar Mangalam Birla, the Chairman of Aditya Birla Group, has $6 billion in wealth and is the world’s 246th richest person as per Bloomberg Billionaire index. His wealth was valued at over $9 billion sometime in 2017 and over $10 billion in 2014, the data suggested.

Vodafone Idea, Grasim Industries, UltraTech Cement, Hindalco Industries, Aditya Birla Money, Aditya Birla Fashion and Retail, Shree Digvijay Cement and Tanfac Industries are eight group companies listed on stock exchanges.

Also Read

Aditya Birla Group files copyright infringement suit against MP Birla Group

Aditya Birla Group completes 50 years in Thailand

US sues to prevent Aditya Birla group subsidiary's acquisition of Aleris

Birla Group’s private equity head quits

Sushil Agarwal elevated as Aditya Birla Group CFO

Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.

Other useful Links

Follow us on

Download et app

Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service