The Yash Birla Group
TypePublic company (BSE: 500335)
IndustryConglomerate
Founded1980s (1980s)
FounderRaja 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$380 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 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.[11][4][3][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 India. Business-standard.com. 18 March 2010. Retrieved 9 January 2011.
  3. 1 2 Yash Birla slapped with Rs 2-crore cheating case
  4. 1 2 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. ↑ "BSE - Scrip Search". www.bseindia.com. Archived from the original on 25 October 2008.
  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. 1 2 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 (17 June 2019). "A flamboyant Indian industrialist is now chased by a bank his ancestor founded". Quartz India. Retrieved 18 June 2019.
  14. ↑ "Home". 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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