Aditya Birla Group | Business Upturn

Grasim Industries grants 28,001 stock options and units under 2022 scheme

Kinjal — Tue, 05 May 2026 03:18:51 +0000

Grasim Industries has announced the grant of 28,001 stock options and performance stock units to its eligible employees under the Grasim Industries Limited Employee Stock Option and Performance Stock Unit Scheme 2022. The decision was made by the Nomination and Remuneration Committee of the Board of Directors through a circular resolution passed on 4th May 2026.

The allocation includes 18,722 stock options and 9,279 performance stock units (PSUs). The scheme is implemented via the Grasim Employees’ Welfare Trust and adheres to the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations.

The vesting period for the stock options is structured so that 33% of the options vest each year over a three-year period, with the first vesting occurring one year from the date of the grant. For the PSUs, 100% vesting is scheduled at the end of three years from the grant date. Both stock options and PSUs must be exercised within five years from the date of vesting.

The exercise price for the stock options is set at ₹2,794.50 per option, determined based on the market price as of 30th April 2026, in compliance with the applicable SEBI regulations. The PSUs have an exercise price of ₹2 per unit.

The vesting of all stock options and PSUs is contingent upon meeting the performance conditions outlined in the scheme and related documents.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Pilani Investment Q3 FY25 results: Net profit rises 17.8% YoY to Rs 37.13 crore, revenue up 7.4% to Rs 61.65 crore

Matrika Shukla — Wed, 05 Feb 2025 11:48:37 +0000

Pilani Investment and Industries Corporation Limited (PIICL) announced its financial results for the third quarter of FY25, reporting a net profit of ₹37.13 crore and total revenue of ₹61.65 crore. The company’s performance was driven by gains in interest income, dividend earnings, and fair value changes in investments.

Key Financial Highlights (Q3 FY25):

Revenue from operations: ₹61.65 crore
Net profit: ₹37.13 crore
Total income: ₹61.65 crore
Earnings per share (EPS): ₹12.07
Net gain on fair value changes: ₹12.28 crore
Dividend income: ₹3.81 crore

The company has doubled its commercial paper issuance limit from ₹1,000 crore to ₹2,000 crore, allowing for increased liquidity and financial flexibility.

As a key investment holding company of the Aditya Birla Group, Pilani Investment remains focused on long-term capital appreciation through diversified investments in group companies and other strategic assets. The company continues to benefit from dividend payouts and market-linked gains, positioning itself for sustained profitability.

Nine-Month Performance Overview

For the nine months ended December 31, 2024, the company reported:

Total revenue: ₹1,24,784.13 crore
Net profit: ₹1,10,512.72 crore
Earnings per share (EPS): ₹111.61

Aditya Birla Capital invests ₹100 crore in subsidiary Aditya Birla Capital Digital

Matrika Shukla — Tue, 19 Nov 2024 12:17:40 +0000

Aditya Birla Capital Limited (ABCL) has announced an investment of ₹100 crore in its wholly-owned subsidiary, Aditya Birla Capital Digital Limited (ABCDL). The infusion, made on a rights basis, aims to support ABCDL’s growth and funding needs while bolstering the company’s digital financial services capabilities.

Despite the investment, ABCL’s 100% ownership of ABCDL remains unchanged. The transaction was carried out on an arm’s length basis, as confirmed in a regulatory filing. ABCDL, a key player in the financial services sector, is an integral part of ABCL’s strategic focus on leveraging technology to enhance customer experience and expand its footprint in the digital space.

The equity shares were allotted on November 19, 2024, marking the completion of the transaction. With this investment, ABCL underscores its commitment to digital innovation, recognizing the growing demand for technology-driven financial solutions.

Aditya Birla Group enters Indian jewellery market with brand Indriya

Aditya Bhagchandani — Fri, 26 Jul 2024 14:22:27 +0000

The Aditya Birla Group is stepping into the Indian jewellery market, which is worth ₹6.7 lakh crore, with the launch of its new venture, Indriya. Sandeep Kohli will lead this new jewellery business.

The group aims to become one of the top three jewellery retailers in India within the next five years. To support this ambitious goal, Aditya Birla has invested ₹5,000 crore into the Indriya brand.

– Aditya Birla Group enters the ₹6.7 lakh crore Indian jewellery market.
– The new jewellery business will be called Indriya.
– Sandeep Kohli has been appointed to lead the Indriya business.
– The group aims to become one of the top three jewellery retailers in India within five years.
– ₹5,000 crore invested to support the new venture.

Aditya Birla Group’s real estate arm to enter NCR region, secures prime 5 acre land parcel

Markets Desk — Mon, 15 Jul 2024 11:53:41 +0000

Birla Estates Pvt. Ltd., a 100% wholly owned subsidiary of Century Textiles and Industries Limited and the real estate venture of the Aditya Birla Group, is all set to expand its footprint in NCR region with a strategic land acquisition in Sector 71, Gurugram. This 5-acre parcel offers a development potential of around 10 lakh square feet and is expected to generate revenue of over Rs 1400+ crore with aesthetically designed residences.

Redefining the Gurugram skyline, the luxury high-rise residential towers will be complemented by elegantly designed clubhouse amenities and landscape. Situated on Southern Peripheral Road (SPR) Road in Sector 71, this prime location offers exceptional connectivity to Delhi and other parts of Gurugram via the Dwarka Expressway, Sohna Road, and Golf Course Extension Road along with proximity to top educational institutions, hospitals, as well as F&B, retail, and commercial centers.

K. T. Jithendran, MD & CEO at Birla Estates said, “Gurugram has been a pivotal market for us from the outset. The real estate potential in this micro-market is immense and reinforces our strong focus in the Delhi-NCR region. With this acquisition, we aim to cater to homebuyers seeking exclusivity and distinctive living experiences. At Birla Estates, our commitment transcends luxury; our ethos is to embrace a vision of residences that embody a legacy of dedication and excellence.”

Century Textiles Q1 Results: Net loss widens to Rs 5.9 crore with revenue down by 6%

Adesh Dixit — Wed, 19 Jul 2023 16:21:44 +0000

Century Textiles and Industries on Wednesday announced its April-June quarter results for fiscal year 2023-24.

The company reported a net loss of Rs 5.88 crore when compared to the profit of Rs 46.3 crore it reported in the corresponding year.

The Aditya Birla Group owned subsidy projected it’s revenue from operations for the first quarter at Rs 1,117.3 crore, which is a decline of 6.1 percent, compared to Rs 1,189.8 crore in the same period a year ago.

The earnings before interest, taxes, depreciation and amortisation (EBITDA) of the textiles and paper manufacturer for the June quarter stood at Rs 126.3 crore, reporting a decline of 9.2 percent when compared to Rs 139 crore it reported a year ago.

The company’s EBITDA margin in the quarter under review stood at 11.3 percent when compared to the previous year were the margin stood at 11.7 percent.

“The company has maintained its operational performance while remaining steadfast in its commitment to sustainability. The Pulp and Paper business performed very well with margins bolstered by decreasing input costs and effective cost reduction initiatives. The Real Estate business, riding the upcycle in the sector, has acquired three significant projects in three metro cities. Meanwhile, our Textiles business underwent strategic restructuring of primary processes to align with market dynamics,” said R. K. Oalmia – Managing Director, Century Textiles and Industries Limited (CTIL).

Hindalco Industries board accepts plan to sell land for Rs. 595 crore

Avinash Ram — Wed, 12 Jul 2023 17:21:44 +0000

A plan to sell a piece of land in Kalwa, Maharashtra, for 595 crore has been authorised by the board of directors of Hindalco Industries Limited. The property piece is 12.95 acres in size and is situated in the Kalwa MIDC region. The property tract will be sold as part of Hindalco’s plan to concentrate on its core activities and pay down debt. Debt repayment and other basic company purposes will be covered by the sale’s revenues.

A major copper and aluminium manufacturer on the planet is Hindalco Industries. Aluminium, copper, speciality goods, and packaging are just a few of the company’s many commercial ventures. Over 30 nations are served by Hindalco, which has its headquarters in Mumbai, India. The shareholders of Hindalco Industries must provide their consent before the land lot may be sold. The deal is anticipated to be completed by the corporation in the upcoming months.

Despite the volatile market, Hindalco Industries’ shares rose sharply and ended the day in the black. The sensex closed at 65,393.90, down 223 points or 0.34 percent, while the shares completed the day at 424.65 rupees per share.

By the middle of FY25, the Silvassa extrusion facility is anticipated to operate at maximum capacity (30kt). The copper smelter is shut down for maintenance and won’t return until mid-June 2023, which will hurt copper margins in Q1FY24. Despite lower volumes, the company’s financial performance was subpar because of the dire macroeconomic conditions. In Silvassa, the business has committed Rs. 609 crore to build new extrusion machines with a 34 KTPA capacity. By purchasing the Kuppam facility for Rs. 247 crores in enterprise value and Ryker Base Private Limited, now known as Asoj, for Rs. 323 crores in enterprise value, the firm has expanded in size.

The Aditya Birla Group’s flagship business in the metals sector is Hindalco Industries Limited. With a market cap of USD 26 billion, Hindalco is the market leader in copper and aluminium.

Aditya Birla Capital Limited’s attempt to raise Rs. 3,000 crore gets success

Avinash Ram — Fri, 30 Jun 2023 18:58:31 +0000

Major overseas portfolio investors, sovereign wealth funds, and local institutional investors have all shown a strong interest in the QIP. The Public Sector Pension Investment Board (PSP), BlackRock, Capital Group, Norges Bank, Royal Bank of Canada, M&G Investments, Abu Dhabi Investment Authority (ADIA), Massachusetts Institute of Technology (MIT), and SBI Life Insurance were among the major investors in the QIP.

Mumbai, June 30, 2023: Aditya Birla Capital Limited (“ABCL” or “the Company”) has completed a Rs. 3,000 crore fund raise via a Qualified Institutional Placement (“QIP”) of equity shares totaling Rs. 1,750 crores and a preferential issuance of equity shares totaling Rs. 1,250 crores to its Promoter and Promoter Group entity, Grasim Industries Limited and Surya Kiran Investments Pvt.Ltd, respectively.

At its meeting today, June 30, 2023, the Company’s Stakeholders Relationship Committee approved the issue and allotment of 10,00,000,00 equity shares of face value Rs 10 each to eligible Qualified Institutional Buyers (“QIBs”) at the issue price of Rs 175 per Equity Share (including a premium of Rs 165 per Equity Share), totaling Rs 1,750 crores.

Famous foreign portfolio investors, sovereign wealth funds, and domestic institutional investors who took part in the Company’s first-ever QIP transaction responded favourably. These investors included BlackRock, Capital Group, Norges Bank, Royal Bank of Canada, M&G Investments, Abu Dhabi Investment Authority (ADIA), Massachusetts Institute of Technology (MIT), Public Sector Pension Investment Board (PSP), and SBI Life Insurance.

Mr. Kumar Mangalam Birla, Chairman, Aditya Birla Group, commented on the overwhelmingly positive response to ABCL’s first-ever QIP, saying, “This investment represents a crucial turning point in Aditya Birla Capital’s path. It confirms the Aditya Birla Group’s dedication to the expansion of our quickly expanding financial services division. Furthermore, the involvement of blue-chip investors is a strong endorsement of the business’s growth plan and strategy. We firmly believe that Aditya Birla Capital will effectively realise its promise to empowering the financial dreams of millions of clients, as the Indian financial services sector will serve as the cornerstone of the nation’s economic development.

Aditya Birla Fashion and Retail to raise Rs 2,195 crore from GIC

United News of India (UNI) — Tue, 24 May 2022 06:47:50 +0000

New Delhi, May 24: The board of Aditya Birla Fashion and Retail Ltd (ABFRL) on Tuesday approved raising of up to Rs 2,195 crore. by way of preferential issuance of equity and warrants to an affiliate of GIC, Singapore’s sovereign wealth fund. In a regulatory filing, ABFRL said that the board has approved fund raising by issuance of equity shares. And warrants on a preferential allotment basis to Caladium Investment Pte Ltd by entering into a share subscription agreement (SSA) dated May 24, 2022. “The preferential issue is subject to regulatory approval(s) and other closing conditions under the SSA”. ABFRL said in the filing.

It said that the board also approved an increase in authorized share capital. From existing Rs 1,010.15 crore to Rs 2,010.15 crore. The company in a statement said that GIC will invest Rs 770 crore now towards subscription of equity and warrants. Followed by up to Rs 1,425 crore in one or more tranches within 18 months upon exercise of warrants. “Post the entire investment, GIC will own 7.5 per cent equity stake in ABFRL. Aditya Birla Group will hold 51.9 per cent stake in the company post the completion of this transaction. “ABFRL plans to use the capital to accelerate its growth.

“Welcoming GIC as a long-term partner in the company’s growth. Kumar Mangalam Birla, Chairman Aditya Birla Group said that. An investment of this nature serves to underscore ABFRL’s strong position and dynamic growth model. “Choo Yong Cheen, Chief Investment Officer of Private Equity for GIC said. “We are delighted to partner with Aditya Birla Fashion and Retail. To bring our long-term capital and resources to support its next phase of growth. “ABFRL has a strong track record of building brands and its new business lines. Including innerwear and ethnic wear, have strong structural tailwinds. We are confident that the company is well-positioned. To continue its transformational journey into a future-ready consumer company. Powered by the growth of India”. Added Cheen.

Aditya Birla Group flagship company Novelis invests $ 2.5 billion in biggest greenfield expansion project

Akash Dhanurkar — Wed, 11 May 2022 13:02:37 +0000

Aditya Birla group-led Novelis Inc is all set to invest in a new low-carbon recycling. As well as rolling plant in Bay Minette, Alabama, USA. In order to meet the demand for cans. Also, the project has attracted an investment of $ 2.5 billion. Lest, making it to be a largest global greenfield expansion project by the Birla group.

“This investment marks the start of another transformational growth phase for Novelis”. Expressed Kumar Mangalam Birla, Chairman of the Aditya Birla Group and the Novelis Board of Directors. He further added. “We continue to invest in each of the markets Novelis serves. From beverage can to automotive, aerospace and specialties. And in all geographies. Novelis has a track record of success in delivering customers the low-carbon, sustainable aluminum solutions they seek. And we will continue that storied history with this investment and others to come.”

Aditya Birla Group leads Novelis to sustainability

“Through this investment, we are making a demonstrative commitment to continue to grow alongside our customers and meet their needs for low-carbon, highly sustainable aluminum solutions”. Said Steve Fisher, President and CEO of Novelis Inc. Furthermore, he added. “In addition, we are well-positioned to efficiently expand capacity at this facility in the future. Above the 600 kt announced today to capture ongoing strong demand. Our readiness to invest to serve growing markets is a perfect example. Of how we are delivering on our company purpose of shaping a sustainable world together.”

Aditya Birla group has made a big move towards sustainable development and that seems to be current main long term objective of many high output firms.

Aditya Birla Group and Vodafone Group seeking to invest $400 million into Vi amid financial distress

Cheryll Jain — Wed, 13 Oct 2021 06:01:00 +0000

Vodafone Idea Ltd. is likely to see fresh capital infused into the company by promotors, sources stated on Tuesday, October 12. Reportedly, both Kumar Mangalam Birla, Chairperson of the Aditya Birla Group and United Kingdom-based Vodafone Group Plc are looking to invest $400 million in the joint venture to keep it afloat amid financial distress.

According to sources, both the parent organisations will invest close to $200 million each to maintain their existing stake in their company while also seeking fresh funding from external investment. The capital invested by both groups is expected to increase external investors’ confidence in the struggling telecom operator and draw more investments from them.

The news comes just a day after speculations arose regarding Kumar Mangalam Birla’s investment in the company. It was reported that the Chairman was considering investing less than Rs. 1000 crores of his own capital into the venture while it was dubious that the UK-based Vodaphone Group would put any more money into reviving the telecom operator.

A source close to the Vodafone group also hinted that promoters were considering selling a part of Vodafone Idea’s stake to Indus Towers, an independently managed company offering infrastructure services to telecom operators. “Monetising the assets in Indus is really the plan,” the source stated.

The telecom operator, which has been grappling to secure external investments due to its deteriorating financial condition, will only grab the interest of private investors if the company owners pump in fresh capital first, the source continued.

Vodafone Idea, with a market valuation of Rs. 31,000 crores, has to repay bank loans worth Rs. 9,000 by the end of the fiscal year, including Rs. 5,000 crores in non-convertible debentures. The debt-ridden company’s total liabilities stood around Rs.1.9 trillion as of March 31, 2021.

At present, UK’s Vodafone Group Plc owns a 44.39 per cent stake in Vi while the Aditya Birla Group’s share is 27.66 per cent as its co-promoters. Moreover, the Vodafone Group also owns a 28.12 per cent share in Indus Towers.

SEBI allows Aditya Birla Sun Life AMC to float IPO

Diya S. — Mon, 09 Aug 2021 13:54:25 +0000

Securities and Exchange Board of India (SEBI) has granted approval to Aditya Birla Sun Life AMC for the purpose of raising funds through an initial share sale.

As per the draft red herring prospectus (DRHP), the IPO (initial public offer) is a pure offer for sale (OFS), where promoters Aditya Birla Capital and Sun Life (India) AMC will be divesting their stake in the asset management firm.

The IPO of up to 3.88 crore equity shares consists of an OFS of up to 28.51 lakh equity shares by Aditya Birla as well as up to 3.6 crore equity shares by Sun Life AMC.

As per the Economic Times (ET), merchant banking sources have claimed that on the basis of the average industry price earning ratio, the IPO might fetch ₹1,500 to ₹2,000 crore.

Additionally, the proposed sale of equity shares by Aditya Birla Capital and Sun Life India in the issue will collectively account for 13.50 per cent of Aditya Birla Sun Life AMC’s paid-up share capital.

As of March quarter, Aditya Birla Sunlife MF, which is the fourth largest fund house, had average assets under ₹2.7 lakh crore management.

Kotak Mahindra Capital Company, BofA Securities, Citigroup Global Markets India, Axis Capital, HDFC Bank, ICICI Securities, IIFL Securities, JM Financial, Motilal Oswal Investment Advisors, SBI Capital Markets and YES Securities (India) Ltd. have been appointed as the merchant bankers to the IPO.

Vodafone-Idea chairman Aditya Mangalam Birla steps down

Aayushi Singh — Wed, 04 Aug 2021 14:09:41 +0000

On Wednesday, the Vodafone Idea board said that the board has accepted the request of Kumar Mangalam Birla for stepping down as the Non-Executive Director and Non-Executive Chairman of the Board.

The Vodafone Idea company had said in a regulatory filing that the Board of Directors of Vodafone Idea Limited in a meeting which was held today, accepted the request of Mr Kumar Mangalam Birla for stepping down as the Non-Executive Director and Non-Executive Chairman of the Board with the effect from close of business hours on August 4th, 2021.

Himanshu Kapania has been elected as the Non-Executive Chairman, by the board. Mr Kapania was a Non-Executive Director.

Vodafone Idea board elects non-executive director Himanshu Kapania as non-executive chairman: Company filing

— Press Trust of India (@PTI_News) August 4, 2021

We have invested approximately ₹400 crore in content creation: Applause Entertainment CEO Sameer Nair

Diya S. — Sun, 01 Aug 2021 11:11:53 +0000

As reported by Mint, Applause Entertainment Ltd. which is a subsidiary of Aditya Birla Group, has completed four years under the leadership of Sameer Nair.

In an interview with Mint, he talked about COVID-19 pandemic’s impact as well as the Centre’s move to regulate content and changing audience tastes in the country.

Nair said the company was created with an intention of creating content for OTT streaming in August 2017. “It was set up in the mould of a traditional movie studio, investing in the creation of premium drama series, right away from early writing and development all the way to final production and tape. The idea was to present self-funded, finished products to platforms and license it to them”, he added.

As of now, the venture has produced 25 series including some second second seasons like Scam 1992, Criminal Justice, City of Dreams, Undekhi, Mind the Malhotras and Hostages streaming on major platforms of Disney + Hotstar, Amazon Prime, SonyLIV, Netflix and MX Player.

According to Nair, the company had invested around ₹400 crore in content creation and the number was expected to rise by 8-10 times in the next 5 to 7 years.

The CEO referred to the impact of the COVID-19 pandemic as “two-fold” where both waves had resulted into a complete stoppage of all productions and the delays in physical production due to the restrictions.

Regarding the new IT Rules, he stated, “I believe it is the job of the creative industry to respect the values and belief system of a society, and also to hold up a mirror to that very same society.” Nair continued, “More than just censorship, a key concern that arises out of unclear guidelines is the business uncertainty that results.”

He also said that the Indian audience was experiencing quality multi-season drama series for the first time.

Aditya Birla Sun Life’s IPO kept on hold by SEBI

Aayushi Singh — Mon, 28 Jun 2021 16:22:58 +0000

SEBI, the capital market regulator, has kept proposed initial share-sale of Aditya Birla Sun Life AMC in abeyance. The Securities and Exchange Board of India did not clarify it any further.

The asset management company had filed preliminary paper with the SEBI in April to raise funds through an Initial Public Offer (IPO).

The proposed IPO was entirely an offer for sale, where the Aditya Birla Capital and Sun Life AMC investments (India) would divest their stale in the asset management firm. The proposed IPO was of up to 3.88 crore equity shares which consists of an offer for sale of up to 28.51 lakh equity shares by Aditya Birla Capital and up to 3.6 crore equity shares by Sun Life AMC, together in the IPO would consist up to 13.50 per cent of the paid up share capital of Aditya Birla Sun Life AMC.

On June 25, in regard of the IPO, Sebi said, without disclosing the reason, that the issuance of observations kept in abeyance.

Aditya Birla Sun Life AMC Ltd, the investment manager of Aditya Birla Sun Life Mutual Fund, was a joint venture between Aditya Birla Group and Sun Life Financial Inc of Canada.

As of March quarter, the fourth largest fund house, Aditya Birla Sun Life MF, had an average asset of Rs 2.7 lakh crore.

Kotak Mahindra Capital Company, BofA Securities, Citigroup Global Markets India, Axis Capital, HDFC Bank, ICICI Securities, IIFL Securities, JM Financial, Motilal Oswal Investment Advisors , SBI Capital Markets and YES Securities (India) Ltd were the merchant bankers to the issue.

Kumar Birla will not be buying firms with global supply chain

Govindraj Muttepawar — Wed, 23 Jun 2021 10:01:46 +0000

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.

Top 25 workplaces in India: Here’s a chance to grow your career, Check out rank list!

Shreejit Shelar — Thu, 29 Apr 2021 18:22:42 +0000

The work-from-home pattern has proven to be the only temporary option as the world continues to witness the presence of Coronavirus. However, it is an excellent opportunity to reconsider career options for many.

While searching for good workplaces might be a bit difficult, professional networking site LinkedIn has got you covered.

The American business and employment-oriented online service on April 28, released a list of the top 25 best workplaces to grow your career in India. The list was methodology generated through LinkedIn data to rank companies based on seven pillars that have been shown to lead to career progression.

These include the ability to advance, skills growth, company stability, external opportunity, company affinity, gender diversity and educational background.

Here is the list of companies you might want to consider:

Rank 25: National Thermal Power Corpn. LTD.

NTPC Headcount in India: 18,936 | Top India locations: Noida Area, New Delhi Area, Vishakhapatnam Area | Most common skills: C (Programming Language), C++, Commissioning | In-demand jobs: Operations, Engineering, Business Development

Rank 24: Flipkart

Flipkart Headcount in India: 12,000 | Top India locations: Bengaluru Area, New Delhi Area, Mumbai Area | Most common skills: Supply Chain Management, Vendor Management, Operations Management | In-demand jobs: Business Development, Operations, Information Technology

Rank 23: Axis Bank

Axis Bank Headcount in India: 72,000 | Top India locations: Mumbai Area, New Delhi Area, Kolkata Area | Most common skills: Retail Banking, Sales Management, Management Information Systems (MIS) | In-demand jobs: Finance, Sales, Business Development (Image: Reuters)

Rank 22: Siemens

Siemens Headcount in India: 9437 | Top India locations: Bengaluru Area, Mumbai Area, New Delhi Area | Most common skills: Software Development, C++ | In-demand jobs: Engineering, Information Technology, Business Development

Rank 21: Oil & Natural Gas Corporation

Oil & Natural Gas Corporation Headcount in India: 28,500 | Top India locations: Mumbai Area, Ahmedabad Area, New Delhi Area | Most common skills: C (Programming Language), C++ | In-demand jobs: Engineering, Operations, Research

Rank 20: JP Morgan Chase & Co.

JP Morgan Chase & Co. Headcount in India: 34,000 | Top India locations: Mumbai Area, Bengaluru Area, Hyderabad Area | Most common skills: Business Analysis, Banking, SQL | In-demand jobs: Information Technology, Engineering, Operations

Rank 19: Bharat Heavy Electricals Limited

Bharat Heavy Electricals Limited Headcount in India: 33,752 | Top India locations: Hyderabad Area, Tiruchchirappalli Area, Bhopal Area | Most common skills: Manufacturing, C (Programming Language) | In-demand jobs: Engineering, Operations, Business Development

Rank 18: Aditya Birla Group

Aditya Birla Group Headcount in India: 100,000 | Top India locations: Mumbai Area, New Delhi Area, Bengaluru Area | Most common skills: Sales Management, Vendor Management, Customer Relationship Management (CRM) | In-demand jobs: Sales, Operations, Engineering

Rank 17: HCL Technologies

HCL Technologies Headcount in India: 1,68,977 | Top India locations: Chennai Area, New Delhi Area, Bengaluru Area | Most common skills: SQL, Software Development, Requirements Analysis | In-demand jobs: Engineering, Information Technology, Business Development

Rank 16: Bharat Electronics Limited

Bharat Electronics Limited Headcount in India: 33,752 | Top India locations: Bengaluru Area, New Delhi Area, Chandigarh Area | Most common skills: C (Programming Language), C++, Java | In-demand jobs: Engineering, Operations, Research

Rank 15: Hindustan Aeronautics Limited

Hindustan Aeronautics Limited Headcount in India: 29,668 | Top India locations: Bengaluru Area, Nasik Area, Hyderabad Area | Most common skills: Aviation, Manufacturing, Aerospace | In-demand jobs: Engineering, Operations, Arts and Design

Rank 14: ICICI Bank

ICICI Bank Headcount in India: 97,350 | Top India locations: Mumbai Area, New Delhi Area, Hyderabad Area | Most common skill: Sales Management, Retail Banking, Management Information Systems (MIS) | In-demand jobs: Finance, Sales, Support

Rank 13: IBMGlobal

IBMGlobal Headcount in India: 350,000 | Top India locations: Bengaluru Area, Hyderabad Area, New Delhi Area | Most common skills: SQL, Requirements Analysis Business Analysis | In-demand jobs: Information Technology, Engineering, Program and Project Management

Rank 12: Reliance Industries Limited

Reliance Industries Limited Headcount in India: 26,488 | Top India locations: Mumbai Area, Jamnagar Area, New Delhi Area | Most common skills: Vendor Management, Commissioning, Operations Management | In-demand jobs: Operations, Engineering, Sales

Rank 11: Capgemini

Capgemini Headcount in India: 125,000 | Top India locations: Bengaluru Area, Mumbai Area, Hyderabad Area | Most common skills: SQL, Requirements Analysis, Java | In-demand jobs: Consulting, Engineering, Information Technology

Rank 10: HDFC Bank

HDFC Bank Headcount in India: 116,970 | Top India locations: Mumbai Area, New Delhi Area, Bengaluru Area | Most common skills: Sales Management, Retail Banking, Customer Relationship Management (CRM) | In-demand jobs: Sales, Finance, Business Development

Rank 9: Amazon

Amazon Headcount in India: 100,000 | Top India locations: Bengaluru Area, Hyderabad Area, Chennai Area, India | Most common skills: Java, SQL, C (Programming Language) | In-demand jobs: Engineering, Operations, Information Technology

Rank 8: Wipro

Wipro Headcount in India: 156,480 | Top India locations: Bengaluru Area, Chennai Area, Hyderabad Area | Most common skills: SQL, Requirements Analysis, Software Development | In-demand jobs: Engineering, Information Technology, Business Development

Rank 7: EYGlobal

EYGlobal Headcount in India: 284,000 | Top India locations: Bengaluru Area, New Delhi Area, Mumbai Area | Most common skills: Financial Analysis, Accounting, Business Analysis | In-demand jobs: Consulting, Accounting, Business Development

Rank 6: Deloitte

Deloitte Headcount in India: 12,000 | Top India locations: Hyderabad Area, Bengaluru Area, Mumbai Area | Most common skills: Business Analysis, SQL, Financial Analysis | In-demand jobs: Consulting, Business Development, Accounting

Rank 5: Infosys

Infosys Headcount in India: 158,020 | Top India locations: Bengaluru Area, Hyderabad Area, Chennai Area | Most common skills: SQL, Java, Requirements Analysis | In-demand jobs: Information Technology, Engineering, Consulting

Rank 4: Larsen & Toubro

Larsen & Toubro Headcount in India: 52,000 | Top India locations: Mumbai Area, Chennai Area, Bengaluru Area | Most common skills: AutoCAD, SQL, C (Programming Language) | In-demand jobs: Engineering, Operations, Information Technology

Rank 3: Accenture Global

Accenture Global headcount: 537,000 | Top India locations: Bengaluru Area, Mumbai Area, Hyderabad Area | Most common skills: SQL, Software Development, Java | In-demand jobs: Engineering, Information Technology, Business Development

Rank 2: Cognizant

Cognizant Headcount in India: 204,500 | Top India locations: Chennai Area, Bengaluru Area, Hyderabad Area | Most common skills: SQL, Programming, Java | In-demand jobs: Engineering, Information Technology, Business Development

Rank 1: Tata Consultancy Services

Tata Consultancy Services Headcount in India: 469,000 | Top India locations: Chennai Area, Bengaluru Area, Mumbai Area | Most common skills: SQL, Java, Requirements Analysis | In-demand jobs: Information Technology, Engineering, Consulting

Aditya Birla Capital Ltd. reports highest ever consolidated profit, stands at Rs 289 crore.

Sarthak Yadav — Fri, 05 Feb 2021 19:53:58 +0000

On Friday, Aditya Birla Capital Ltd (ABCL) posted the highest ever consolidated quarterly profit. The entity witnessed a 15% jump in consolidated net profit to reach ₹289 crore for the quarter ended December 2020.

Company’s net profit was at ₹250 crore in the same quarter of the previous fiscal.

Consolidated revenue for Q3FY21 grew 16% to ₹5,346 crore as against ₹4,612 crore in the December quarter of FY20, the company said.

The robust quarterly performance was driven by strong growth across businesses, it added.

ABCL, which is the holding company of the financial services of Aditya Birla Group, has subsidiaries across insurance, investment and non-banking financing activities among others.

The company declared, that, they will leverage technology and forge partnerships with fintechs to grow revenue, improve customer experience, optimise cost and build scalable systems.

Stock of the company closed 0.39% down at ₹90.05 on BSE.

Vodafone-Idea plans on QIP; puts off debt funding

Ruchira Sonawat — Thu, 28 Jan 2021 10:38:36 +0000

Vodafone Idea Ltd (VIL) may opt for a pure equity round instead of trying to raise as much as $2 billion in hybrid debt, two people directly aware of the company’s plans said.

The shift in strategy was announced soon after the Supreme Court in September extended a deadline to repay outstanding regulatory dues in a staggered manner. The telecom company, shortly after this, announced plans to raise around ₹25,000 crore in a combination of debt and equity. Earlier, the company had planned to raise around ₹15,000 crore via hybrid instruments followed by an equity raise, reported Mint.

“VIL is considering a change in strategy now because investor sentiment has significantly improved along with the company’s prospects. The company now plans to raise capital via a fresh equity issuance through a qualified institutional placement (QIP). The fundraising is likely to be done in two tranches, and the plan is to bring in a large marquee investor so that the stock gets a fillip. Only after the stock price improves will the second tranche be launched so that the sale does not result in too much dilution of promoters’ stake,” said the first person.

“In the proposed QIP, the existing promoters are also likely to participate to ensure their holding doesn’t get diluted much and also the much-required capital infusion is done,” said the second person.

The UK’s Vodafone Group Plc holds around 43% in VIL, while the Aditya Birla group holds 29%.

A group of companies led by US-based Oaktree Capital, including a few other private equity firms such as Varde Partners, has proposed investing up to $2.5 billion into cash-strapped VIL through hybrid debt papers. Amazon.com Inc and Verizon Communications, the largest wireless carrier in the U.S., were also in talks to buy a significant stake in struggling VIL for more than $4 billion.

VIL has so far paid ₹7,854 crore in adjusted gross revenue, or AGR dues, but still owes more than ₹50,000 crore to the department of telecommunications, which it needs to pay in the next 10 years.

CCI gives nod to Rs 1500-crore deal of Aditya Birla-Flipkart

Ushma Ghosh — Thu, 21 Jan 2021 06:02:51 +0000

The Competition Commission of India (CCI) has approved the ₹1,500-crore Flipkart-Aditya Birla Fashion deal, which was announced in October last year. The Flipkart Investments Private Limited (FIPL) will now hole 7.8% of a minority stake in Aditya Birla Fashion. The issue was raised on a preferential basis to Walmart-owned Flipkart.

The commission in a tweet on Wednesday said, “Commission approves acquisition of a 7.8% minority stake in Aditya Birla Fashion and Retail Ltd. by Flipkart Investments Private Ltd.”

The promoter and its group companies of ABFRL will hold about 55.13 per cent upon completion of the issuance, ABFRL said in a regulatory filing earlier.

Aditya Birla Fashion Retail operates brands such as Pantaloons, Allen Solly and Peter England has over 3,000 stores across the country and the Walmart Group undertakes various business activities in India, such as wholesale trading of products, providing e-commerce marketplace services, and digital payments services.

Flipkart to invest Rs 1500 crore to buy 7.8% stake in Aditya Birla Fashion

Shravan Kanade — Fri, 23 Oct 2020 06:57:08 +0000

Aditya Birla Fashion has successfully convinced E-commerce giant Flipkart for buying a 7.8% stake in the company for 1500 crore at a price of Rs 205 per share. The money will be used for the acceleration towards company growth. The company is expected to focus on its strengths and market-leading positions while increasing presence in emerging high-growth categories such as innerwear, athleisure, casual wear, and ethnic wear, establishing these as the new engines of growth for the company.

Kumar Mangalam Birla, Chairman of the Aditya Birla Group said, “This partnership is an emphatic endorsement of the growth potential of India. It also reflects our strong conviction in the future of the apparel industry in India, which is poised to touch $100 billion in the next 5 years.”

Aditya Birla Fashion and Retail Ltd.(ABFRL) was in talks with E-commerce giants, Amazon, and Flipkart seeking potential investment. The company is suffering from the adverse financial effect of COVID-19 and is been in the market to seek investments either through a hive-off or partnerships. The potential investment by Flipkart will give a boost to company growth.

By this major investment by Flipkart, Aditya Birla Fashion would have successfully executed a capital raise of Rs 2500 crore since 01 April 2020, despite the challenging macroeconomic conditions since the onset of COVID 19, the company said.

Amazon and Flipkart in talks with Aditya Birla Fashion and Retail Ltd. to make an Investment Plan

Shravan Kanade — Thu, 22 Oct 2020 09:11:32 +0000

Aditya Birla Fashion and Retail Ltd.(ABFRL) is in talks with E-commerce giants, Amazon, and Flipkart seeking potential investment. The company is suffering from the adverse financial effect of COVID-19 and is been in the market to seek investments either through a hive-off or partnerships, thus the company is looking towards Amazon and Flipkart for potential investment.

“ABRFL has been struggling from the impact of COVID and has been in the market for some time to raise new funds. It has been reaching out to investors as well as brands for a potential investment,” said the company spokesperson aware of the discussions.

ABFRL is a fashion retail company having several offline stores in India but because of the COVID-19 lockdown, the company suffered financial losses and thus it decided to take a step towards E-commerce retail. Last year, ARFL acquired ethnic apparel and lifestyle retailer Jaypore for ₹110 crore. The company is having a good offline network of stores that can help Amazon and Flipkart to provide faster delivery to customers.

“For Flipkart, this will be a part of their strategy to form deep partnerships with offline retailers to come up with new products, basis the shopping trends that they see on their platform, as several new to e-commerce customers are flocking on to online commerce this festival season,” stated a spokesperson from the company.

Aditya Birla Capital subsidiaries sees digital interactions up by 2 times

Chittesh Dalmia — Thu, 16 Jul 2020 13:12:28 +0000

Aditya Birla Capital subsidiaries report digital interactions increase by 2 times. Hence, Aditya Birla Capital (ABCL) witnessed a significant rise in customer interactions. Which were on the digital service platforms such as WhatsApp, chatbots, website and apps, of its subsidiaries.

The company claims that, in the past three months, the interactions on these platforms have surpassed 4 million , a two times jump in comparison to the previous year.

In order to ensure the availability of over 94% of their services online, the company’s subsidiaries bolstered their digital services across websites, chatbot and WhatsApp.

Aditya Birla Capital, an insurance company which is a joint venture between Aditya Birla Group and MMI Holdings of South Africa, explained that on the back of the ongoing COVID-19 pandemic, it has experienced a demand shift for zero contact and paperless purchase options.

Consumers Require Aditya Birla Capital

As of March 31st, 2020, Aditya Birla Capital Limited manages aggregate assets under management over Rs. 3000 billion. Which has a consolidated lending book of approx. Rs. 600 billion and an active customer base of 20 million through its subsidiaries and joint ventures.

“Digital enablement to create a superior customer experience throughout the customer journey has been a key part of our agenda. This enabled us to proactively transform our customer journeys to being 100% digitl. During the period of lock own”. Said Ajay Srinivasan, Chief Executive, Aditya Birla Capital. “We will continue to leverage new technologies to make our customer and distributor experience best in class,” Srinivasan said.

ABCL’s subsidiaries had been working on developing non-contact, paperless purchase journeys across product lines through mobile apps and tabs. Highlighting its achievements. Therefore, the company said that many technologies such as biometrics. As well as AI powered OCR, Video KYC, e-contracts were used for the first time in the industry.

“Over 90 per cent customers were onboarded through digital channels. Alone in FY20, as compared to 72 per cent in FY19. The businesses deployed over 200 robotic processes (RPA). To automate mid-office and back-office work”. The company said.

Also, this has strengthened the entity’s online presence and will help in generating revenues through different modes.

However, on July 16, the stock closed in green at Rs. 57.85 on the NSE.