Yash Birla Group Explained
The Yash Birla Group |
Type: | Public company |
Founder: | Raja Baldeo Das Birla |
Location City: | Mumbai |
Location Country: | India |
Area Served: | Worldwide |
Key People: | Yashovardhan Birla (Chairman)[1] |
Industry: | Conglomerate |
Products: | Steel, Information technology, Education, Textiles, Publication, Lifestyle, Travel & Power, Financial service, Infrastructure, |
Revenue: | [2] |
Num Employees: | 3,363 (2010) |
Subsid: | Melstar Information Technologies, Birla Shloka Edutech[3] [4] |
Yash Birla Group is Indian industrial conglomerate group based in Mumbai, Maharashtra.[5] Its chairman Yashovardhan Birla, is 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, multipurpose engines pumps, electrical appliances, textiles, carpets, furnishing, lifestyle, infotech, publication, travel, electricity, property development, cotton ginning etc.[6] The Group traces its origins to the businesses started by various members of the Birla family.The group today has 10 publicly listed subsidiaries in India.[7] [8] [9] [10] The group is currently facing major financial and legal bottlenecks.[11] [12]
In June 2013, the group was declared a NPA account for non payment of dues. Further in 2016, UCO Bank also published a notice indicating Birla as defaulter. On 16 June 2019, he was declared wilful defaulter by the bank with outstanding dues of over 67 crores.[13] `
Subsidiaries
Zenith Birla (India) Ltd: Zenith Birla (India) Limited was incorporated in 1960, and commenced its commercial production in 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 plants are 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.[14] [15] [16]
- Birla Pacific Medspa -Bse India -stock trading was suspended due to non-compliance from June 2015.
- Birla Power
- Birla Infrasolutions Ltd
- Birla Precision Technologies Limited
- Birla Transasia Carpets Ltd,
- Birla Perucchini Ltd,
- Birla Electricals Ltd
- Birla Lifestyle Ltd,
- Birla Concepts (India) Pvt. Ltd
- Birla Shloka Infotech Ltd,
- Birla Cotsyn (India) Ltd
See also
Notes and References
- Web site: Yash Birla group plans to set up 200 schools . The Hindu Business Line . 8 May 2009 . 9 January 2011.
- News: Yash Birla Group to invest Rs 5,500 cr in power, lifestyle . Business Standard India . Business-standard.com . 18 March 2010 . 9 January 2011.
- http://www.mid-day.com/news/2013/jun/100613-yash-birla-slapped-with-rs-2-crore-cheating-case.htm Yash Birla slapped with Rs 2-crore cheating case
- http://www.consumercomplaints.in/business-finances/birla-power-solutions-ltd-c794268 Birla Power Solutions Ltd. - FD Interest
- Web site: The Yash Birla Group . The Yash Birla Group . 29 January 2009 . 9 January 2011.
- http://articles.economictimes.indiatimes.com/2013-01-11/news/36279981_1_birla-power-solutions-pvr-murthy-defaults Lenders file suits against Birla Power for payment defaults - Economic Times
- Web site: BSE - Scrip Search . www.bseindia.com . dead . https://web.archive.org/web/20081025061653/http://www.bseindia.com/scripsearch/scrips.aspx?myScrip=birla&Submit=GO&selScrip=0&flag=sr&navigate=S . 2008-10-25.
- http://www.moneylife.in/article/yash-birla-group-companies-in-deep-trouble/33259.html Yash Birla Group companies in deep trouble? - Moneylife
- http://www.moneylife.in/article/how-to-get-your-money-back-from-yash-birla-group-companies/34593/44514.html How to get your money back from Yash Birla group companies - Moneylife
- http://www.complaintboard.in/complaints-reviews/zenith-birla-l253496.html zenith birla Complaints
- http://articles.economictimes.indiatimes.com/2013-06-01/news/39674913_1_birla-power-pvr-murthy-birla-pacific-medspa Yashovardhan Birla resigns from boards of four listed group companies - Economic Times
- http://www.business-standard.com/article/companies/yash-birla-firm-faces-rs-1-000-cr-loan-recall-113041500377_1.html Yash Birla firm faces Rs 1,000-cr loan recall | Business Standard
- Web site: A flamboyant Indian industrialist is now chased by a bank his ancestor founded. Tanwar. Sangeeta. Quartz India. 17 June 2019 . en. 2019-06-18.
- Web site: Home . yashbirlagroup.com.
- http://economictimes.indiatimes.com/news/news-by-industry/cons-products/electronics/Yash-Birla-Group-set-to-re-establish-appliances-biz/articleshow/6033033.cms Yash Birla Group set to re-establish appliances biz - The Economic Times
- https://web.archive.org/web/20100917002812/http://www.hindu.com/2010/02/04/stories/2010020458380200.htm The Hindu : Andhra Pradesh / Hyderabad News : Yash Birla group forays into education