The Billionaire Kumar Mangalam Birla, owner of the Aditya Birla Group which is spread through 36 countries. This has acquired more than 45 companies in the last 25 years. The valuation of this company is $46 billion.
The Aditya Birla Group is no longer keen to invest and acquire any businesses and firms which has a globally diversified supply chain availability as a part of protectionism and the increasingly pandemic curb and the movement of people and commodities.
In an interview in Qatar Economic Forum with Haslinda Amin, Birla said, “We wouldn’t look at a company or a business where you source in one corner of the world and be able to sell it in another corner of the world.” He also added that, “A reset that has happened on account of growing protectionism”.
In todays world, China’s rapidly growing economic rise in the past few years and the ongoing pandemic have exposed to a lot of vulnerabilities of global supply chains models in the corporate world. Birla is a acquisitive conglomerates which has acquired more than 40 large scale companies in the last 25 years and now they are pivoting towards creating a stronghold in a increasingly divided business world.
According to Mr, Birla’s statements, all countries are following their own created policies to make a championship. Birla further added about globalization should have, “a very sharp dimension of regionalization to it.”
Birla Group has seen their wealth grow almost by 52% in current year to $10.4 billion. The Grasim Industries which is the flagship company the Birla group has a growth of approximately 62% in one year.
