Yash Birla Group: Difference between revisions

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The Group traces its origins to the businesses started by various members of the [[Birla family]].
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.<ref>http://www.bseindia.com/scripsearch/scrips.aspx?myScrip=birla&Submit=GO&selScrip=0&flag=sr&navigate=S</ref><ref>[http://www.moneylife.in/article/yash-birla-group-companies-in-deep-trouble/33259.html Yash Birla Group companies in deep trouble? - Moneylife<!-- Bot generated title -->]</ref><ref>[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<!-- Bot generated title -->]</ref><ref>[http://www.complaintboard.in/complaints-reviews/zenith-birla-l253496.html zenith birla Complaints<!-- Bot generated title -->]</ref><ref name=autogenerated2 />
The group today has 10 publicly listed subsidiaries in India.<ref>http://www.bseindia.com/scripsearch/scrips.aspx?myScrip=birla&Submit=GO&selScrip=0&flag=sr&navigate=S</ref><ref>[http://www.moneylife.in/article/yash-birla-group-companies-in-deep-trouble/33259.html Yash Birla Group companies in deep trouble? - Moneylife<!-- Bot generated title -->]</ref><ref>[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<!-- Bot generated title -->]</ref><ref>[http://www.complaintboard.in/complaints-reviews/zenith-birla-l253496.html zenith birla Complaints<!-- Bot generated title -->]</ref><ref name=autogenerated2 />
The group is currently facing major financial and legal bottlenecks.<ref name=autogenerated2>[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<!-- Bot generated title -->]</ref><ref name=autogenerated1 /><ref name=autogenerated3 /><ref>[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<!-- Bot generated title -->]</ref>
The group is currently facing major financial and legal bottlenecks.<ref name=autogenerated3 /><ref name=autogenerated1 /><ref name=autogenerated2>[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<!-- Bot generated title -->]</ref><ref>[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<!-- Bot generated title -->]</ref>


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.<ref>{{Cite web|url=https://qz.com/india/1645664/the-fall-of-yash-birla-declared-wilful-defaulter-by-uco-bank/|title=A flamboyant Indian industrialist is now chased by a bank his ancestor founded|last=Tanwar|first=Sangeeta|website=Quartz India|language=en|access-date=2019-06-18}}</ref>`
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.<ref>{{Cite web|url=https://qz.com/india/1645664/the-fall-of-yash-birla-declared-wilful-defaulter-by-uco-bank/|title=A flamboyant Indian industrialist is now chased by a bank his ancestor founded|last=Tanwar|first=Sangeeta|website=Quartz India|language=en|access-date=2019-06-18}}</ref>`

Revision as of 22:37, 3 January 2022

The Yash Birla Group
IndustryConglomerate
Founded1980s; 45 years ago (1980s)
Founder(s)Raja Baldeo Das Birla
Headquarters
Mumbai
,
India
Area served
Worldwide
Key people
Yashovardhan Birla (Chairman)[1]
ProductsSteel, Information technology, Education, Textiles, Publication, Lifestyle, Travel & Power, Financial service, Infrastructure,
Revenue₹30 billion (US$420 million)[2]
Number of employees
3,363 (2010)
SubsidiariesMelstar Information Technologies, Birla Shloka Edutech[3][4]
Websiteyashbirlagroup.com

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[buzzword] 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][11] The group is currently facing major financial and legal bottlenecks.[3][4][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
  • Melstar Information Technologies[17]

The logo of group is a conch.

See also

References

  1. ↑ "Yash Birla group plans to set up 200 schools". The Hindu Business Line. 8 May 2009. Retrieved 9 January 2011.
  2. ↑ "Yash Birla Group to invest Rs 5,500 cr in power, lifestyle". Business-standard.com. 18 March 2010. Retrieved 9 January 2011.
  3. ↑ 3.0 3.1 Yash Birla slapped with Rs 2-crore cheating case
  4. ↑ 4.0 4.1 Birla Power Solutions Ltd. - FD Interest
  5. ↑ "The Yash Birla Group". The Yash Birla Group. 29 January 2009. Retrieved 9 January 2011.
  6. ↑ Lenders file suits against Birla Power for payment defaults - Economic Times
  7. ↑ http://www.bseindia.com/scripsearch/scrips.aspx?myScrip=birla&Submit=GO&selScrip=0&flag=sr&navigate=S
  8. ↑ Yash Birla Group companies in deep trouble? - Moneylife
  9. ↑ How to get your money back from Yash Birla group companies - Moneylife
  10. ↑ zenith birla Complaints
  11. ↑ 11.0 11.1 Yashovardhan Birla resigns from boards of four listed group companies - Economic Times
  12. ↑ Yash Birla firm faces Rs 1,000-cr loan recall | Business Standard
  13. ↑ Tanwar, Sangeeta. "A flamboyant Indian industrialist is now chased by a bank his ancestor founded". Quartz India. Retrieved 18 June 2019.
  14. ↑ http://www.yashbirlagroup.com/
  15. ↑ Yash Birla Group set to re-establish appliances biz - The Economic Times
  16. ↑ The Hindu : Andhra Pradesh / Hyderabad News : Yash Birla group forays into education
  17. ↑ "Yash Birla Group gulps Melstar - Business news". Siliconindia.com. Retrieved 9 January 2011.

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