Kumar Mangalam Birla is spending his way out of a tight spot

Long known to be conservative with cash, the Aditya Birla Group chairman is on an acquisition and expansion spree. A lot of it has to do with the sudden threat to his cement dominance—his pride and joy.

21 August, 202411 min
0
Kumar Mangalam Birla is spending his way out of a tight spot

You may also like

Internet
Story image

Aditya Birla Capital’s digital makeover is glitchy, expensive

The financial services major is being weighed down by its digital arm’s lacklustre performance.

Internet
Story image

BlissClub’s niche is going to be its Achilles' heel

The Elevation Capital-backed startup created a space for itself in premium women’s activewear. But growing further will take more than just funding. For starters, it could think beyond womenswear.

Business
Story image

For equity investors, buy-at-any-price will fail

No matter how good a business, overpaying for a stock negatively impacts returns. Saurabh Mukherjea’s Marcellus is only the latest example of the perils of forgetting this timeless lesson.