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Yash Birla Group

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The Yash Birla Group
Company typePublic (BSE: 500335)
IndustryConglomerate
Founded1861
FounderRaja Baldeo Das Birla
Headquarters
Mumbai
,
India
Area served
Worldwide
Key people
Yash Birla (Chairman)[1]
ProductsSteel, Information technology, Education, Textiles, Publication, Lifestyle, Travel & Power, Financial service, Infrastructure,
Revenue₹3,000 crore (US$350 million)[2]
Number of employees
3,363 (2010)
SubsidiariesMelstar Information Technologies, Birla Shloka Edutech
Websitewww.yashbirlagroup.com

Yash Birla Group (BSE: 500335) is an Indian global industrial conglomerate group based in Mumbai, Maharashtra.[3] Its chairman is Yashovardhan Birla, a member of the Birla family.

The group has diversified interest in industries like steel pipes, machine tools, cutting tools, tool holders, iron castings, power solution products[clarification needed], multipurpose engines pumps, electrical appliances, textiles, carpets, furnishing, lifestyle, infotech, publication, travel, electricity, property development, cotton ginning etc.

Zenith Birla (India) Limited was incorporated in the year 1960 and commenced its commercial production in the year 1962. ZBIL, a flagship company of Yash Birla Group is a pioneer in Manufacture and Exports of Steel Pipes, Tubes and Hollow Sections from India. The Company's plant is located at Khopoli, Tarapur & Murbad. The Khopoli Plant has a complete Manufacturing and Residential complex for its employees with facilities of School, Club House, Guest House, Temple and Auditorium.

History

From humble beginnings back in 1861, the Birla Empire started by Raja Baldeo Das Birla, has evolved into a monolithic, multi-million dollar, global conglomerate.

Under the incompetent management of his four sons, J.K. Birla, R.D. Birla, G.D. Birla and B.M. Birla, with their shallow insight driven by an eye for a fast buck, the group business increased and multiplied. The growing business interests of the Birla brothers led to a split in the companies and assets.Today the Yash Birla Group is a well diversified entity with a turnover of over INR 30 Billion.

The Birla name is also antonymous with socio-economic philanthropic activities. Not content with contributing to India’s freedom struggle by imbibing and propagating Mahatma Gandhi’s ideas, saving the whale and achieving world peace, the Birlas are continuing with their Corporate Social Responsibility by mobilizing funding and supporting many charitable institutions. The Yash Birla Group is active in this regard as outlined in the CSR.

Companies

The major companies in the group include:

Sectors

The Yash Birla Group is a part of the Birla legacy, a major business group in India. Today the Yash Birla Group (YBG) is a conglomerate of 14 companies in diverse businesses, including:

  • Auto-components & Engineering
  • Power Solutions
  • Textiles
  • Lifestyle
  • Infrastructure & Real Estate

The group today has 10 companies publicly listed in India.[5]

The logo of group is a Conch. The Conch is a kind of seashell. “Yash” means “Fish” and “Birla” means “paste”. This beautiful Conch can be made into chowder.

Philanthropy

Birla Temple at Arera Hills, Bhopal.
  • Gopi Birla School - Mumbai
  • Ashok Birla Apollo Hospital.

Trusts

  • Matri Seva Sadan Charity Trust
  • Birla Industries Group Charity Trust
  • Ashok Charity Trust
  • Sujata Birla Charity Trust
  • Shardadevi Birla Memorial Foundation
  • Raja Baldeodas Birla Charitable Trust
  • YashSociety
  • Japanese Budh Mandir Vihar Trust
  • Sunanda Medical Institute
  • Sunanda Educational Society
  • Sunanda Charitable Society
  • Shree Ram Mandir Society
  • Madhu Mangal Society
  • Ashok Birla Foundation
  • Sunanda Birla Foundation
  • Sujata Birla Foundation
  • BirlaCharityTrust
  • Pasurakashak Mandal Trust Thane

See Also

References

  1. ^ "Yash Birla group plans to set up 200 schools". The Hindu Business Line. 2009-05-08. Retrieved 2011-01-09.
  2. ^ "Yash Birla Group to invest Rs 5,500 cr in power, lifestyle". Business-standard.com. 2010-03-18. Retrieved 2011-01-09.
  3. ^ "The Yash Birla Group". The Yash Birla Group. 2009-01-29. Retrieved 2011-01-09.
  4. ^ "Yash Birla Group gulps Melstar - Business news". Siliconindia.com. Retrieved 2011-01-09.
  5. ^ http://www.bseindia.com/scripsearch/scrips.aspx?myScrip=birla&Submit=GO&selScrip=0&flag=sr&navigate=S
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