Kumar Mangalam Birla, is one of the most philanthropic billionaires in India, with a phenomenal net worth of $16.6 billion. The Rs 242 crore donation was made by Kumar Mangalam Birla and family.
Kumar Mangalam Birla is an influential industrialist and the Chairman of the one of the largest conglomerates in India, Aditya Birla Group. Birla, is one of the most philanthropic billionaires in India, with a phenomenal net worth of $16.6 billion. The Rs 242 crore donation was made by Kumar Mangalam Birla and family, as per EdelGive Hurun India Philanthropy List 2022. The family has contributed over 75 crore on an individual basis.
Who is Kumar Mangalam Birla?
Despite being a member of the business-minded and generous Birla family, which is well-known for its service to society, his route to becoming one of India's top 10 billionaires hasn't been a smooth one at all. Following the untimely death of his father, Aditya Vikram Birla, Kumar Mangalam Birla, at 28 years old, started his career as Chairman of the Aditya Birla Group.
He was tasked with overseeing the corporate empire, which comprised numerous businesses engaged in a variety of markets, including textiles, cement, chemicals, aluminum, and telecommunications. The Aditya Birla Group branched into new industries and increased its influence across the globe under the direction of Kumar Mangalam Birla. Under his leadership, the empire grew into one of the top enterprises in India.
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By starting Idea Cellular, which rose to become one of the largest telecom businesses in the nation, Kumar Mangalam Birla also significantly contributed to the transformation of the Indian communications sector. But in August 2021, his term as chairman of Vodafone Idea, a financially troubled telecom company created by the 2018 merger of Idea Cellular and Vodafone India, reached its conclusion.
Kumar Mangalam Birla is renowned for his charitable contributions to society in addition to his financial prowess. In India, he founded the Aditya Birla Centre for Community Initiatives and Rural Development, which has carried out a number of programs aimed at improving rural areas.
The Aditya Birla Group has activities in over 36 countries and generates over $60 billion in sales, from which over fifty percent comes from outside, making it an internationally varied group today.
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