Mumbai: Aditya Birla Group chairman Kumar Mangalam Birla's two… Children Ananya and Aryaman's roles are growing in the financial services to fashion retail group. Both were inducted into the company on Tuesday. board Of Hindalco Working as Director in Industries.
Last year, the two were appointed to the boards of Grasim Industries, Aditya Birla Fashion and Retail and Aditya Birla Management Corporation, the apex body that provides strategic direction to the group's businesses. Hindalco's board believes the metals company will benefit from the “new-age insights and business acumen” of the Birla scions.
Hindalco is in the midst of a transformational growth phase, co-creating solutions that will harness the potential of aluminium and copper to drive the global energy transition and support the shift towards a low-carbon future. “Therefore, this is an opportune time for the Board Ananya Kumar Mangalam Birla said, “I am delighted to appoint Aryaman as Managing Director and Director of Hindalco.” He added, “Given his strong business acumen and his sharp focus on sustainability, I am confident that he will provide valuable insights that are in line with Hindalco's strategic vision for a sustainable future.”
In May this year, Ananya, 30, announced that she was taking a break from her music career to “focus all her energy on business”. At the age of 17, she founded Svatantra Microfin, which is today the country's second-largest microfinance company with assets under management of Rs 16,000 crore.
In March this year, Svatantra, which had acquired Micro Housing Finance in 2018 and Chaitanya India Fin Credit in 2023 from Sachin Bansal (Flipkart co-founder), received an equity investment of Rs 1,930 crore ($230 million) from private equity majors Advent International and Multiples. The deal was the largest private equity investment in India's microfinance sector. Ananya, who studied at the American School of Bombay and the University of Oxford, is also associated with the trading and real estate businesses of the Aditya Birla Group.
Like Ananya, Aryaman (27) is also involved in the real estate business. Apart from the hospitality business, he founded and leads Aditya Birla Ventures, a venture capital fund that invests in high-growth startups.
Last year, the two were appointed to the boards of Grasim Industries, Aditya Birla Fashion and Retail and Aditya Birla Management Corporation, the apex body that provides strategic direction to the group's businesses. Hindalco's board believes the metals company will benefit from the “new-age insights and business acumen” of the Birla scions.
Hindalco is in the midst of a transformational growth phase, co-creating solutions that will harness the potential of aluminium and copper to drive the global energy transition and support the shift towards a low-carbon future. “Therefore, this is an opportune time for the Board Ananya Kumar Mangalam Birla said, “I am delighted to appoint Aryaman as Managing Director and Director of Hindalco.” He added, “Given his strong business acumen and his sharp focus on sustainability, I am confident that he will provide valuable insights that are in line with Hindalco's strategic vision for a sustainable future.”
In May this year, Ananya, 30, announced that she was taking a break from her music career to “focus all her energy on business”. At the age of 17, she founded Svatantra Microfin, which is today the country's second-largest microfinance company with assets under management of Rs 16,000 crore.
In March this year, Svatantra, which had acquired Micro Housing Finance in 2018 and Chaitanya India Fin Credit in 2023 from Sachin Bansal (Flipkart co-founder), received an equity investment of Rs 1,930 crore ($230 million) from private equity majors Advent International and Multiples. The deal was the largest private equity investment in India's microfinance sector. Ananya, who studied at the American School of Bombay and the University of Oxford, is also associated with the trading and real estate businesses of the Aditya Birla Group.
Like Ananya, Aryaman (27) is also involved in the real estate business. Apart from the hospitality business, he founded and leads Aditya Birla Ventures, a venture capital fund that invests in high-growth startups.