Kumar Mangalam Birla is an Indian industrialist and the chairman of of the Aditya Birla Group. It is one of the largest conglomerates in India. After the death of his father Aditya Vikram Birla, Kumar took over as chairman of the Aditya Birla Group at just the age of 28.
Under his leadership, Aditya Birla Group became the third-largest business group in India. Today, his net worth is estimated at around US $16.7 billion. Here’s his success story.
Kumar Mangalam Birla was born on 14 June 1967 in Kolkata. Kumar is a fourth-generation member of the Birla family.
He completed his high school at Sydenham College of Commerce and Economics, Mumbai. After high school, Kumar obtained a bachelor’s degree from H.R. College of Commerce and Economics of the University of Mumbai.
Later, he studied at the London Business School and received a degree in MBA from the University of London in 1992. He is also an honorary fellow at LBS. In addition, he is also a chartered accountant from ICAI.
In 1995, Kumar’s father Aditya Vikram Birla passed away due to prostate cancer. At the tender age of 28, Kumar Mangalam Birla took over the position of chairman.
In an interview, he said, “It left me without a preference but to grow up fast.” He similarly said, “It become a big learning through itself. It taught me about the impermanence of life, to be resilient, and to additionally admire the cost of family and near pals that noticed us through this very tough phase.”
I had no choice however to grow up fast: Kumar Mangalam Birla
During his tenure as the chairman of Aditya Birla Group, the group’s annual turnover is US$48.3 billion, nearly 20 times greater than what it become while he took over. In addition, these days Aditya Birla Group is a multinational conglomerate working in 36 countries, with over 120,000 employees.
It is spread throughout various sectors that include textiles, cement, metals, chemicals, retail, and telecommunications. Kumar is likewise the chancellor of the Birla Institute of Technology & Science and the chairman of the IIT, Delhi, and IIM, Ahmedabad.
Lessons we can learn:—
Due to his father’s death, Kumar Mangalam Birla had to take over his company at a very young age. But, with hard work, passion, and determination, he began making major changes and took ABG to new heights.
He once said, “Well, I think the golden rule I can think of is the fact that you must follow your passion and do something that’s close to your heart. And I think that that’s very important, well, to be successful and to be happy.” To succeed, you need to believe in yourself and keep following your dreams.
How old is Kumar Mangalam Birla?
He is 54 years old.
What is his net worth?
According to Forbes, he has an estimated net worth of US $16.7 billion, as of October 2021.
Courtesy:0—- Failure Before Succrss