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Rich People of India

We all dream of being rich, of having lots of money which we can spend any way we want and we think we'll be really happy then. But let me ask you: how much money would you want? During one such question and answer session one smart child replied, "More than the richest man in the world". Any guesses as to how much money does the richest man in the world has or richest man in India has. Who is the richest man or rather men in this world or in India. This section is about the rich people in India .

Overview of richest men in India, Tata's and Birla's, How do Indian Billionaires live, Mukesh Ambani, Mukesh Ambani's Life, Interview of Mukesh Ambani, L.N.Mittal, L.N.Mittal's Life, Interview of L.N.Mittal, Aziz Premji, Aziz Premji's Life, Anil Ambani, Anil Ambani's Life, Interview of Anil Ambani, Tata's, History of Tata's, Interview of Ratan Tata, Birla's

The richest Indians as per Forbes (Mar 2011) are Lakshmi Niwas Mittal ($31.1 billion) , Mukesh Ambani ($27.0 billion), Aziz H Premji ($16.8 billion)

These are people who know how to create wealth and play with it, no matter even if they are poorer by a few billions in the wake of the economic downturn. One can also check out the list of powerful people in India Today Mar 2009

The two industrial powerhouses Tata & Birla are benchmarks for many global organizations across the globe. Their name is synonymous with wealth and power in India. Jamsetji Nusserwanji Tata and Baldeo Das Birla laid down the foundation of Tata group and Birla Group. Since then the family tradition has been carried forward and is presently led by Ratan Tata and Kumara Managalam Birla

Overview

lakshmi_mittal Lakshmi Narayan Mittal alias Lakshmi Niwas Mittal is the richest Indian in the World. He is 60 years old and his fortunes are $31.1 billion. He is based in London. He is the Chairman and CEO of ArcelorMittal, the world's largest producer of steel. Arcelor Mittal is the combination of the world’s number one and number two steel companies, Arcelor and Mittal Steel.

Mukesh_Ambani Mukesh Ambani, the second richest indiam, is the managing director of Reliance Industries, India's largest private sector enterprise. He is the son of Shri Dhirubhai H. Ambani, Founder Chairman of the Company. His net worth is $27 billion as on March 2011. Some of the companies of Reliance that you might be familiar with are: Reliance Fresh, Reliance Mart, Vimal Suitings, Mumbai Indians. He is based in Mumbai and is 53 years old.

premji The third richest man in India is Azim H Premji(65 yrs). He is chairman of Wipro Limited, a group company that holds Wipro Technologies, one of India's largest software development companies. Wipro also makes soaps, Santoor is the famous brand from Wipro stable. His personal wealth is US$16.8 billion in 2011. He is known for his modesty and frugality.

Tata's and Birla's

The two industrial powerhouses Tata & Birla are benchmarks for many global organizations across the globe. Their name is synonymous with wealth and power in India. Jamsetji Nusserwanji Tata and Baldeo Das Birla laid down the foundation of Tata group and Birla Group. Since then the family tradition has been carried forward and is presently led by Ratan Tata and Kumara Managalam Birla

The Tatas are a wealthy Parsi family originally from Gujrat, Established by Jamsetji Tata in the second half of the 19th century, the group has grown into one of India's biggest and most respected business organizations Revenues in 2007-08 are estimated at $62.5 billion (around Rs251,543 crore), of which 61 per cent is from business outside India. The group employs around 350,000 people worldwide.

The Tata name has been respected in India for 140 years for its adherence to strong values and business ethics. The group has touched the life of Indians in many ways. Tata began organizing India’s first large-scale ironworks in 1901, and these were incorporated in 1907 as Tata Iron and Steel Company. Tata Group is now one of India's largest business group and a multinational company. Some of the companies in Tata Group are:
Tata Motors, world's eighteenth largest automobile company known for its Tata Indica and the world's cheapest car, the Tata Nano, Tata Consultancy Services , It is India's largest provider of information technology and business process outsourcing. Tata Power , India’s largest private sector electricity generating company. Tata Steel World's 5th largest steel company and is 100 years old. Tata Teleservices, India's first CDMA telecom company. Titan Industries, World's sixth largest watch manufacturer. The Indian Hotels Company , Owner of 'Taj' hotels. Some of the companies of Tata's that you might be familiar with Click here

The Birla family is one of the foremost business houses in India Their businesses vary from commodities and textiles to automobiles, Information Technology and telecom. They have established many temples, planetariums, and hospitals. Even today, the Birla name is considered synonymous with wealth and power in India. The prestigious Birla Institute of Technology and Science and Birla Institute of Technology, Mesra were founded by them.

How do India’s billionaires live?

India’s billionaires could be boring – almost. Most Indian billionaires tend to be like Two-wheeler tycoon Rahul Bajaj who says: “I have no hobbies at all, and I do not collect any art, cars or accessories. I spend most of my time working.”

Most don’t get the time to read, beyond the odd business magazine, and the daily newspapers, and even a fond reader like Bajaj says he hasn’t ever read fiction in his life. Mukesh Ambani’s reads are management books and technical journals.

They make only rare appearances at the kind of parties that get written about by the paparazzi press, and are content to dine privately at home with a close circle of friends before winding up in bed with a book – on management, naturally. Cricket and popular cinema in common with most Indians billionaires. Mukesh Ambani watches...

Some of the glamour that surrounds their life is just the convenience that comes from having money. If they are members of the exclusive Belvedere Club (at the Oberoi hotel) or The Chambers (at the Taj hotel), it is because it’s convenient for fixing up meetings away from the office.

The cars they drive are usually Mercedes, and they shop for almost identical Armani suits (dark blue) while abroad on work – holidays are rare. They’ll fly first class because it affords them privacy, and if they’re regulars at a favourite restaurant, it’s so they can entertain formal guests over a meal without having to spend too much time poring over menus.

Only Vijay Mallya lives life to the fullest, surrounding himself with everyone’s idea of the rich life. He’s loud and he’s obvious, “I love the good things of life and I have no qualms about admitting it,” he says.
Source Business Standard special

L.N.Mittal

lakshmi_mittal Everyone experiences tough times, it is a measure of your determination and dedication how you deal with them and how you can come through them.

Lakshmi Narayan Mittal alias Lakshmi Niwas Mittal is the richest Indian in the World. He is 60 years old and his fortunes are $31.1 billion(Mar 2011). He is based in London. He is the Chairman and CEO of ArcelorMittal, the world's largest producer of steel. Arcelor Mittal is the combination of the world’s number one and number two steel companies, Arcelor and Mittal Steel. For thoughts by L.N.MittalClick here

His success has largely been built on buying up loss-making state-owned mills and quickly turning them around. He had one of his most notable successes in the late 1989, when he turned around a loss-making government-founded steel firm in Trinidad and Tobago which was losing $1 million a day. Within a year, Mittal had doubled the output and made the business profitable where US consultants and German experts failed to find a solution. 

ln_house He is he married to Usha and has a son Aditya & daughter Vanisha. Aditya is Chief Financial Officer of Arcelor Mittal. He resides in a palatial home known as Summer Palace, in London that he bought in 2003 for a residential record of $129 million. It is decorated with marble taken from the same quarry that supplied the Taj Mahal. The extravagant show of wealth has been deemed the "Taj Mittal"

L.N.Mittial has also been in the news for showering money on his two children. For the wedding of his son Aditya to Megha Patodia in 1998, the Mittal family celebrated at Calcutta's Victoria Memorial. Lakshmi Mittal, spent a £30 million for the wedding of his daughter Vanisha to Amit Bhatia in France in 2004 Some Photos of marriage function..., Some Information of Wedding...,

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L.N.Mittal:Life

Laxmi Narayan Mittal was born on June 15th, 1950, in Sadulpur, a village in Rajasthan, India. His family moved to Calcutta in West Bengal, where he studied accounting and business at the prestigious St. Xavier’s College. His father Mohan Lal Mittal had set up a small steel mill in Calcutta. After class, Mittal used to work in his father's company

After finishing his Bachelor of Commerce degree in business and accounting with first class, Mittal began his career in his father's steel firm in the early seventies. Realizing the fact that opportunities in India are limited for him, Mittal moved to Indonesia in 1976 and with his father's backing founded a steel plant, Ispat Indo and made the company a success. There began a saga of triumphs for the shrewd businessman.

In 1994,  a partition in the family business group, transferred all the foreign business into Ispat International, under the control of Lakshmi Mittal. The Indian operations remained with his younger brothers P K Mittal and V K Mittal. In 2004, Mittal Steel was formed through the merger of Ispat International and LNM Holdings. In 2006, after six months of negotiations and major oppositions Mittal steel took over European steel giant Arselor SA for 26 billion euros ($33 billion), becoming the world's largest 100 million tonne steel entity. ArcelorMittal is the world's number one steel company, with over 326,000 employees in more than 60 countries. It has led the consolidation of the world steel industry and today ranks as the only truly global steelmaker.

ln_house ln_wife ln_aditya He is he married to Usha and has a son Aditya & daughter Vanisha. Aditya is Chief Financial Officer of Arcelor Mittal

On the rare occasions when he is at home, Mittal keeps a disciplined schedule, doing yoga for an hour every day and trying to catch a swim in his indoor pool.

L.N.Mittal :Interview

LNMittal Excerpts of interview in Rendezvous with Simi Grewal, for Star World in 2006 It is available online at rediff Simi Grewal interviews Mrs & Mr L.N.Mittal . Some excerpts are as follows:

Were you pressurized to get good grades or was this something you enjoyed doing?
Yes. My father and my mother would always look at that, that I topped the class. I remember I would tell my father every day during exams how many hours I studied.
Oh, you'd have to?
He would ask me in the evening, 'how many hours you studied after school.' You don't like it though. You don't like it though, so much of pressure. . . but I think in hindsight it was the right thing to do. As a parent still I would do the same for my children. I would expect them to excel in what they were or they are doing or what? Read More on rediff.com

Why do you still hold an Indian passport?
I love my country and I'm Indian.
But would your business have been easier if you had a European passport?
I don't think so. It doesn't make difference. Now the world is very global and doesn't make difference whether you have Indian passport or you have British passport or you have American passport.
Is it some kind of an umbilical cord you have with India, this passport?
No, I feel very happy and proud to have this passport and my allegiance is to India. . .
Would you have been able to achieve all this if you had continued to live in India? Truly? Read More on rediff.com

Mukesh Ambani

Mukesh_Ambani All of us, in a sense, struggle continuously all the time, because we never get what we want,” Mr. Ambani says. “The important thing which I’ve really learned is how do you not give up, because you never succeed in the first attempt.”

Mukesh Ambani is the second richest Indian in the world. He is 53 years old and his fortune is $27 billion. He is based in Mumbai. He is the chairman, managing director of Reliance Industries, India's largest private sector enterprise. He is the son of Shri Dhirubhai H. Ambani, Founder Chairman of the Company. Some of the companies of Reliance that you might be familiar with, Click here

mukesh_family Mukesh Ambani, far right, in a 2006 family photograph, with his wife, Nita, foreground, and their children, from left, Isha, Anant and Akash. (Reference: New York Times) (To see the enlarged view Click here )

His idea of entertainment is Bollywood; he watches as many as three films a week at home in a private theater. “You need some amount of escapism in life,” he says. “Those two or three hours give you relief.” He loves Hindi movies and doesn't miss a single one.

ambanihome_fullAntilla is the new house of Mukesh Ambani. It is 173m (570 ft) high with only 27 floors. It has a helipad, health club and six floors of car parking. It houses his 600 full-time staff and his family.It could be the world’s largest and costliest home with a price- tag nearing two billion dollar. To see the details of antillaClick here and for interiors Click here

For detail information on his childhood,his family, his marriage, his house check out Webpage for Reliance. For thoughts by Mukesh AmbaniClick here

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Mukesh Ambani:Life

He spent his childhoods in the down-market Bhuleshwar neighborhood, in a two-bedroom apartment in a humble building that Mumbai residents call a “chawl”.(To see the image of chawal Click here) In 1960s the family moved out of the chawls and into one of Mumbai’s best neighborhoods. But his father, who had never finished high school and worried that his children might grow up too pampered, hired a tutor whose responsibility was to spend three hours a day taking Mukesh, and later his siblings, on working-class field trips: riding public transportation, buying tickets at the rail station.

mukesh_jamnagarMukesh was summoned by his father to home in 1980, halfway through the two-year program, to take charge of a yarn manufacturing project. His father made him a board member at the age of 17 or 18. He directed and led the creation of the world’s largest grassroots petroleum refinery at Jamnagar

He has a legendary appetite, but mostly for the food of the bustling Mumbai streets. He has been known to walk out of fancy restaurants in search of dosas sold by the roadside. Will eat anywhere, roadside or fancy restaurant,as long as it's tasty. He is a vegetarian. His favourite places are Mysore Cafe in Matunga. Wears clothes similar to his dad; white shirt and dark-coloured trousers.

Has never celebrated a birthday except his 50th one at the Jamnagar plant with his employees. Yet, he spends three months planning wife Nita's birthday bashes and presents! Believes that the best celebrations are with family. Nita Ambani practises her classical dance everyday and Mukesh can't resist watching her dance! When on vacation with kids, makes sure it's a two three weeks long trip.

Mukesh Ambani:Interview

Mukesh Ambani is an engima. This interview is one which talks about Mukesh's early life, his beliefs, vision and motivation. It was given to MoneyLIFE, a personal finance magazine, by Reliance Industries chairman Mukesh Ambani in 2007. It is available online at Interview on Mukesh at Rediff. Some excerpts are as follows:

A lot of details about your life are already known. But we don't know things from your end. Your life has changed dramatically in just about three decades; will you take us through that process?
From my point of view, very little has changed (Laughs). In terms of attitude to life, little has changed. There are important lessons I have learnt during my upbringing. It is important to share these, though these are tough to practise as a parent (smiles). Read More...

Did your academic choices help you in the process of self-discovery?
From the beginning, it was clear that we would have to find our own path. Along with that came the self-realisation that we would have to propel ourselves to achieve excellence. I am trying to learn how to do that as a parent. There is a trick somewhere; sometimes we do a lot. I feel that I am more ready for ICSE exams than my daughter. I know everything and I can beat any parent of my age in ICSE exam hands down. Read More...

When did you start working for Reliance?
Even when I was doing chemical engineering, I was working almost full time for Reliance. I finished college at 2.30 pm and went straight to the office. While I was at Stanford, Reliance got a licence to make polyester. I had the choice of completing the Stanford graduate programme over the next six months, do the World Bank's Young Professional's Programme (YPP) for a year and then return to India. I planned to do this and return to work on the polyester plant. Read More...

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Azim Hashim Premji

Ordinary people are capable of extraordinary things, Have the courage to think big.

premji Azim Hashim Premji (born 24 July 1945) is an Indian business tycoon and the chairman of Wipro Limited, a group company that holds Wipro Technologies, one of India's largest software development companies. According to Forbes, he is currently the second richest Indian with a personal wealth of US$16.8 billion (Mar 2011). His assets include 74% of Wipro. He inherited tiny cooking-oil producer called Wipro from father in 1968, grew company to a giant of $1.4 billion . To know about Azim Premji in a snapshot Click here To know about his lessons is life Click here or to read about his Speech at IIM , Ahemdabad Click here For quotes by him Click here

Wipro is an acronym of "Western India Products Limited" started as a vegetable oil trading company in 1947 from an old mill in Maharashtra, founded by Azim Premji's father. It makes software as well as soap (Santoor soap is from Wipro). To know about how Wipro got it's name Click here .

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Rishad Premiji
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Mrs Premiji
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Premji is married to Yasmeen, the couple have two children, Rishad and Tariq. Eldest son Rishad, a Harvard graduate who works with Wipro, was appointed general manager for treasury and investor relations in July 2010. Rishad is married to Aditi and has two children. Tariq Premji, works with Azim Premji’s personal investment firm, PremjiInvest.
Premji is known for his modesty and frugality in spite of his wealth. He drives a Toyota Corolla and flies economy class, prefers to stay in company guest houses rather than luxury hotels. To know more about simplicity of the man Click here

Azim H Premji:Life

Premji was born in Mumbai/Bombay, India, to a Gujarati Khoja Shia Ismaili Muslim family. His father M. H. Premji owned the Western India Vegetable Product Company which made hydrogenated vegetable oils and fats. His grandfather was the rice king of Burma. His father had declined an invitation from Muhammed Ali Jinnah to go to Pakistan. He completed his school education at St. Mary's School, Mumbai and left for USA Premji was to study electrical engineering in Stanford University, California. He was forced to leave studies at the age of 21 to take over the family business when his father suddenly died in 1966. After a gap of over thirty years he completed his degree in Electrical Engineering in the year 1999.

At the first annual general meeting of the company attended by Azeem Premji, a shareholder doubted Premji's ability to handle business at such a young age and publicly advised him to sell his shareholding and give it to a more mature management. This spurred Azim Premji and made him all the more determined to make Wipro a success story. And the rest is history. He restructured that dying company into Wipro(Western India Vegetable Products Ltd) Ltd in 1966 into a consumer goods (FMCG) company that was then a $2 million hydrogenated cooking oils/fat company, laundry soap, wax and tin containers and later set up Wipro Fluid Power to manufacture hydraulic and pneumatic cylinders in 1975.

In 1977, IBM was asked to leave India, then Azim Premji decided to enter the information technology sector. In 1979, Wipro began developing it’s own computer and in 1981 Wipro became India’s one of the first computer makers. The company licensed technology from Sentinel Computers in the United States and began building India’s first mini-computers. Soon Wipro moved in software delivery and started developing customized software packages for their hardware customers

In the year 2001, Premji established Azim Premji Foundation, a not-for-profit Azim Premji Foundation , with a vision to significantly contribute to achieve quality universal education that facilitates a just, equitable, humane and sustainable societyFor more information on Foundation Click here

Tata's

The Tatas are a wealthy Parsi family originally from Gujrat, Established by Jamsetji Tata in the second half of the 19th century, the group has grown into one of India's biggest and most respected business organizations Revenues in 2007-08 are estimated at $62.5 billion (around Rs251,543 crore), of which 61 per cent is from business outside India. The group employs around 350,000 people worldwide. Let's learn about the Tata's:

tata_jamasethji Jamsetji Nusserwanji Tata: The Founder of the House of Tata Born in 1839, J.N. Tata is considered the Founder of The House of Tata.  Mr. Tata was determined that India should have a steel plant that would compare to the best in the world. In the 1880's, the House of Tata formally set out to play a vital role in the industrialization of India. Although Mr. Tata died in 1904, by 1907 The Tata Iron and Steel Company was established as India's first iron and steel plant, rolling out its first ingot of steel in 1912.

tata_jd Jehangir R. D. Tata: The Aviator — "JRD" as he was affectionately known, was born in France and joined Tata Sons in 1925, eventually becoming its Chairman in 1938. With JRD's initiative and foresight, in 1932, the Airlines Division of Tata Sons was started. The airline later evolved into Air India. J.R.D. Tata played a critical role in increasing India's scientific, medical and artistic quotient. 

tata_navalNaval Hormusji Tata: The People’s Person — Naval Tata believed in responsible negotiations between employers, workers and governments in the search for equitable solutions to labor issues. For over four decades he provided a voice of reason, consideration and conciliation to national and international organizations working to minimize employer-employee friction.

tata_ratanRatan Naval Tata: 21st Century and Beyond — Ratan Tata has made the Tata Group a global player. Under Mr. Ratan Tata's guidance, the Tata Group has grown rapidly. He is driving force behind “Nano” Car.

History of Tata's

Jamshedji Tata 1868:Jamsetji Nusserwanji Tata starts a private trading firm, laying the foundation of the Tata Group. By 1911 Tata's had entered into textile, opened Taj Mahal Palace and Tower, India's first luxury hotel, which opened in 1903, set up Tata Steel, India's first iron and steel plant in Jamshedpur, set up Tata Electric Companies, and established The Indian Institute of Science in Bangalore to serve as a centre for advanced learning. To see the milestones between 1868 to 1911 Click here

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From 1912 to 1954, Tata's had in Tata Steel introduces eight-hour working days, well before such a system was implemented by law, enter the consumer goods industry, with the Tata Oil Mills Company being established to make soaps, detergents and cooking oils, established Tata Airlines, established Tata Chemicals, now the largest producer of soda ash in the country, established Tata Engineering and Locomotive Company (renamed Tata Motors in 2003) to manufacture locomotive and engineering products, established Lakeme (now owned by UniLever) manufacture cosmetics in India on request of Jawahar Lal Nehru. To see the milestones between 1912 to 1954, Click here

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From 1962 to 2000, Tata's had established, Tata Finlay (now Tata Tea), one of the largest tea producers, Tata Consultancy Services (TCS), India's first software services company, Tata McGraw-Hill a Publishing Company, Titan Industrie's to manfacture watches, launched Tata Indica India's first indigenously designed and manufactured, acquried the Tetley Group, UK. This was the first major acquisition of an international brand by an Indian business group To see the milestones between 1962 to 2000 Click here

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Fom 2001 to current, Tata's established, Tata-AIG, a joint venture between the Tata Group and American International Group Inc (AIG) for insurance, acquired the heavy vehicles unit of Daewoo Motors, South Korea, took TCS public raising nearly $1.2 billion,, unvield Tata Nano (car of Rs 1 lakh), acquired Land Rover and Jaguar iconic British brands. To see the milestones between 2001 to today Click here

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Interview with Ratan Tata

In this interview in 2007 with Christabelle Noronha, Tata Sons' Chairman Ratan Tata shares his thoughts on India and its economy, the challenges of the present and the promises of the future. ( Source: Tata Website in Nov 2007)

How, in your opinion, has the Tata Group participated in the evolution of the Indian economy and industry in the post-independence era? What has been the predominant feature of this participation?
I think the Tata Group’s greatest contribution to the growth of the Indian economy and Indian industry probably happened in the pre-independence era. The Group’s investments in industries such as steel, textiles, power and hotels were certainly driven by an entrepreneurial spirit, but they were driven even more, I think, by a desire to make India self-sufficient and independent of its colonial masters then. Jamsetji Tata was gripped by the idea of making India self-reliant. Read More on Tata Website... .

How does the Tata Group of today compare with the Tata Group of JRD Tata’s time? What’s common to the two and what makes them distinct entities?
The common features are, hopefully, the value systems and the ethical standards. What’s not is the idea of putting the team over the individual. Also, today we are much more adaptive to new technologies Read More on Tata Website... .

Many pundits put down the success the Tata Group is enjoying to Ratan Tata. What’s your take on that? How do you think history will rate your contribution?
I do not know how history will judge me, but let me say that I’ve spent a lot of time and energy trying to transform the Tatas from a patriarchal concern to an institutional enterprise. What I have done is establish growth mechanisms, play down individuals and play up the team that has made the companies what they are. I, for one, am not the kind who loves dwelling on the ‘I’. Read More on Tata Website... .

Birla's

The founder of the Birla Group was Baldeo Das Birla, a member of the successful Marwari community from Pilani, in the westerly state of Rajasthan. He moved to Calcutta to set up the family business during the late nineteenth century. To see the family tree of Birla's Click here

birla_gd Ghanshyam Das Birla is considered as a doyen of Indian Industry. He was the man who laid the foundations of the Birla Empire. He was a close associate of Mahatma Gandhi and advised Gandhiji on economic policies. Ghanshyam Das Birla also founded several educational institutions such as Birla Institute of Technology and Sciences (BITS) Pilani. He also established many temples, planetariums, and hospitals.

birla_aditya Aditya Birla oversaw the diversification of his group into textiles, petrochemicals and telecommunications. He was one of the first Indian industrialists to expand abroad, setting up plants in South east Asia, Philippines and Egypt, among other places.

birla_kumar Kumar Mangalam Birla is Chairman of the Aditya Birla Group. Its companies in India include Grasim, Hindalco, UltraTech Cement, Aditya Birla Nuvo, Idea Cellular and Aditya Birla Retail. Headquartered in India, the Group's operations extend to 25 countries. When his father, Aditya Vikram Birla, died of prostrate cancer, very few people thought this shy and obsessively low-profile young son would be able to take over from his father. Under his leadership Group has sustained and established a leadership position in its key businesses

MP Birla Group is one of the seven distinct groups within the Birlas. The combined family assets are estimated to be in the region of $8.8 billion. Priyamvada, widow of MP Birla, who died in 1990, administered the MP Birla group of companies until her death. Through a will, she has passed on her assets worth $1.1 billion to her auditor and faithful associate, RS Lodha. This has created a major stir in the Birla family.

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