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

Business
Story image

Is a revival underway at Asian Paints?

The company’s Q2 results show a belated revival in fortunes, suggesting an aggressive growth path in an industry shaken up by Grasim. The latter is feeling the pressure for the first time ever since it launched its paints business in 2024.

Business
Story image

Conglomerates, duopolies and domination hamper India

The domination of a few business groups—conglomerates—is a defining feature of the country’s economy. This has been enabled by policy, leading to stifled innovation and hindered progress. All of this, in turn, exacerbates inequalities.

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.