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]

See also

Notes and References

  1. Web site: Yash Birla group plans to set up 200 schools . The Hindu Business Line . 8 May 2009 . 9 January 2011.
  2. 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.
  3. 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
  4. http://www.consumercomplaints.in/business-finances/birla-power-solutions-ltd-c794268 Birla Power Solutions Ltd. - FD Interest
  5. Web site: The Yash Birla Group . The Yash Birla Group . 29 January 2009 . 9 January 2011.
  6. 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
  7. 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.
  8. http://www.moneylife.in/article/yash-birla-group-companies-in-deep-trouble/33259.html Yash Birla Group companies in deep trouble? - Moneylife
  9. 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
  10. http://www.complaintboard.in/complaints-reviews/zenith-birla-l253496.html zenith birla Complaints
  11. 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
  12. 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
  13. 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.
  14. Web site: Home . yashbirlagroup.com.
  15. 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
  16. 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

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Yash Birla Group".

Except where otherwise indicated, Everything.Explained.Today is © Copyright 2009-2024, A B Cryer, All Rights Reserved. Cookie policy.