




Ratan Tata, Kumar Mangalam Birla, Mukesh Ambani, Sunil Mittal are towering titans of India Inc. They have made our country proud in the global arena with their big ticket acquisitions.
On CNBC-TV18's special show Speak For Smiles, Kumar Mangalam Birla, Chairman of The Aditya Birla Group discusses with Shereen Bhan about the changes that have taken place in the Birla household.
In a CNBC-TV18 exclusive, the chairman of the Aditya Birla Group, Kumar Mangalam Birla reiterated the group’s commitment to telecom. He said its retail strategy was being reworked and that it was looking forward to a foray into the banking space.
The Aditya Birla Group is on an acquisition spree. It's notched up three crucial buys in just the first four months of 2011. And the Group Chairman Kumar Mangalam Birla has set an aggressive target of USD 65 billion revenues by 2015.
The Aditya Birla group remains on an acquisition mode. After buying Chloro Chemicals, a division of Kanoria Chemicals and Industries for Rs 830 crore last week, it has now announced yet another significant USD 340 million acquisition in the Sweden-based, pulp & fibre company Domsjo Fibre AB.
The Aditya Birla group is boosting its carbon black capabilities by acquiring US-based carbon black manufacturer Columbian Chemicals in a USD 875 million deal. Carbon black is used to make tires, paints and plastics. And the buy will take the AV Birla group's carbon black capacity to two million tonne per year.