Chairman of the Birla Group, Kumar Mangalam was born in Kolkata, marwari business family on June 14,1967. After earning his graduation degree, he became a Chartered Accountant. He completed his post graduation from London.
After the sudden death of his father, responsibility of the family business fell on his head. He faces a lot of challenges because of inexperience in aluminium, cement, garments, textiles.
He did not step down from these challenges and slowly and steadily learned all the business skills, making the 3rd largest business group in India.
He implemented severe new business policies due to which the business got huge profits. Along with making a name in the current sector, he also showed interest in BPO and software. He contributes a lot towards the growth of weaker sections of the society.
On 7 May, 1999 he became the chairman of the Security and Exchange Board of India and also the Chairman of SEBI’s Committee on Insider Trading.
He played a role as the Director of the Central Board Reserve Bank of India. He also became a member of the Asian Regional Advisory Board of London Business School and his name was listed on The Economic Times Corporate Advisory Board.
Personal Life:
He got Married to Neerja Kasliwal, who is a housewife with no business aim. The couple has three children; two daughters, Ananyashree and Advaitesha, and a son, Aryaman Vikram.
Success Story :
Aditya Birla Group not only contributes to the growth of the Indian economy but also makes India proud in the whole world. Aditya Birla group achieved many prizes - Global leader in Aluminum Rolling, Viscose Staple Fibre and Carbon Black.
In the telecom sector, the Birla group got 2nd position. In India, Birla Group is the leader of Telecom sector and Cement Industry. This success is due to those people who have been with Birla Group since a long time.
In Beginning, Mr. Ghanshyam Das Birla Started the cotton industry, which grew very fast in the 20th century. Under Mr.Ghanshyam Das' leadership, the Birla Group made progress in many sectors such as cements, textiles, aluminium, fibre etc. This teaches us how a business leader can effectively contribute to the wellness of society.
In 1995, when Kumar Mangalam took over the leadership, annual turnover was around $3.3 billion. Today, under his leadership, the company's annual turnover is $ 48 billion.
Achievements:
Kumar Mangalam Birla achieved many awards in which it is included:
NDTV Business Leader of the year
The Lakshya — Business Visionary Award
Amity Business School Award for "Excellence in Business"
The Ernst and Young Entrepreneur of the Year and so on.
21 Amazing Motivational "Kumar Mangalam Birla" Quotes that always give us Goose Bumps when we heard these
1. The work environment is very important in determining how enjoyable work is. It is very important to work with smart guys who have a superior level of intellectual bandwidth and still have softer skills as well.
2. 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.
3. I think a leader has many roles to play. So, you know, one role is that of incubating talent; the other is that of being a strategist. It's a very interesting job I've got.
4. The License Raj in India was a time when, to set up an industry, you needed a license. Which made the government an omnipresent and sort of all-pervasive authority.
5. The young generation is willing to experiment more. Firstly, they are less motivated by money and compensation, unlike the previous two generations. Secondly, integrity and governance are very important issues for them.
6. My father taught us that to thrive, excellence in technology, quality, and customer service along with cost competitiveness is a prerequisite. His contribution to business, the economy, and society at large can never be underscored enough.
7. First create jobs, and then provide skills to people.
8. I never wanted to become a CA. My father was keen that I become one because he thought that was the right thing for me to do. I didn't have the courage to tell him that I don't want to do it. But now, I can't thank him more for having put me through it.
9. Only when emotion is involved do you get angry and lose your temper. You could have different points of view, but as long as it is constructive dissent, it is fun.
10. GST is a structural move in the right direction. It could take a few months to settle down. It is another one of the government's fundamental shifts which are all very well thought through... It will make us a much more robust economy.
11. Being a conglomerate, each of our businesses has a different challenge; business landscape is different for each business. It makes it challenging as well as exciting.
12. I was very fortunate, because I don't think many people get to spend time with their great-grandfathers. So, he passed away when I was 15, so I spent a lot of time with him. We lived together. He traveled a lot, but when he was here, we lived together.
13. I don't think the western world is questioning capitalism. Capitalism as a concept is not something that society has written off. But today, there is degree of caution around capitalism. We believe in compassionate capitalism. Growth for growth's sake can never be an end in itself.
14. The one important factor that keeps me going is the kind of people I work with.
15.
The shape and composition of the government is important. We haven't reached a point where politics and economics have been totally divorced from each other.
16. Jack Welch is someone who I have always admired. In India, Narayana Murthy is someone who I have great respect for.
17. I don't think any government is going to go back on the reforms process. There is no government that won't attempt to get people to come and manufacture in India.
18. In 1991, the government unleashed the power of India and created a partnership between itself and industry. As a result, India has emerged as an economic success story, and that is a matter of pride for all of us.
19. Very often, we think of leadership being at the very top of an organisation. I think what's unique about ABG is that we have a very strong cadre of leaders across the organisation who are highly empowered and therefore play a very major role in the growth and evolution of the organization.
20. I didn't have any great talent. I didn't want to become a rock star or an author.
21. It's not a good idea to always look for new frontiers, especially when you have opportunities in your existing businesses, in your own backyard. It's not a good idea to always look for new frontiers, especially when you have opportunities in your existing businesses, in your own backyard.
