Yash Birla Group
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| Company type | Public company (BSE: 500335) |
|---|---|
| Industry | Conglomerate |
| Founded | 1980s |
| Founder | Raja Baldeo Das Birla |
| Headquarters | , India |
Area served | Worldwide |
Key people | Yashovardhan Birla (Chairman)[1] |
| Products | Steel, Information technology, Education, Textiles, Publication, Lifestyle, Travel & Power, Financial service, Infrastructure, |
| Revenue | ₹30 billion (US$350 million)[2] |
Number of employees | 3,363 (2010) |
| Subsidiaries | Melstar Information Technologies, Birla Shloka Edutech[3][4] |
| Website | yashbirlagroup |
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.[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
[edit]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
Birla Precision Technologies
[edit]| Company type | Public |
|---|---|
| ISIN | INE372E01025 |
| Industry | Automative components, Industrial Equipments |
| Founded | 1937[17] |
Key people | Vedant Birla (Chairman & Managing Director)[18] |
| Website | birlaprecision.com |
Birla Precision Technologies Limited is an Indian engineering company.[19] It was established in 1937,[20] and is a part of the group.
Birla Precision Tech has 5 divisions, spread over 4 factories. It is mainly in the auto component and industrial engineering domain.[21] The company exports to more than 25 countries. It is listed on the BSE Stock Exchange. The chairman & managing director of the company is Vedant Birla.
Earlier JVs made in the group include Birla Yamaha, Birla 3M, Birla Kennametal, Birla Perucchini, Birla Delonghi, Dagger Forst, South Pacific Viscose, etc. Major customers of the companies include Cummins, Honeywell, government engineering companies, defence, and aerospace.[22]
See also
[edit]References
[edit]- ^ "Yash Birla group plans to set up 200 schools". The Hindu Business Line. 8 May 2009. Retrieved 9 January 2011.
- ^ "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.
- ^ a b Yash Birla slapped with Rs 2-crore cheating case
- ^ a b Birla Power Solutions Ltd. - FD Interest
- ^ "The Yash Birla Group". The Yash Birla Group. 29 January 2009. Retrieved 9 January 2011.
- ^ Lenders file suits against Birla Power for payment defaults - Economic Times
- ^ "BSE - Scrip Search". www.bseindia.com. Archived from the original on 25 October 2008.
- ^ Yash Birla Group companies in deep trouble? - Moneylife
- ^ How to get your money back from Yash Birla group companies - Moneylife
- ^ zenith birla Complaints
- ^ a b Yashovardhan Birla resigns from boards of four listed group companies - Economic Times
- ^ Yash Birla firm faces Rs 1,000-cr loan recall | Business Standard
- ^ Tanwar, Sangeeta (17 June 2019). "A flamboyant Indian industrialist is now chased by a bank his ancestor founded". Quartz India. Retrieved 18 June 2019.
- ^ "Home". yashbirlagroup.com.
- ^ Yash Birla Group set to re-establish appliances biz - The Economic Times
- ^ The Hindu : Andhra Pradesh / Hyderabad News : Yash Birla group forays into education
- ^ Ltd, Birla Precision Technologies. "About Birla Precision Technologies Ltd". Birla Precision. Retrieved 7 November 2020.
- ^ "Vedant Yashovardhan Birla, Birla Precision Tech Ltd: Profile and Biography". Bloomberg. Retrieved 7 November 2020.
- ^ "Birla Precision Technologies Management Information - Details of Birla Precision Technologies Management - The Economic Times". The Economic Times. Retrieved 7 November 2020.
- ^ "Birla Precision Technologies Ltd Stock Price - (), Birla Precision Technologies Ltd Share Price Live Today, Birla Precision Technologies LtdStock Live BSE/NSE Share Price". Financial Express. Retrieved 7 November 2020.
- ^ "Birla Precision Share Price, Birla Precision Stock Price, Birla Precision Technologies Ltd. Stock Price, Share Price, Live BSE/NSE, Birla Precision Technologies Ltd. Bids Offers. Buy/Sell Birla Precision Technologies Ltd. news & tips, & F&O Quotes, NSE/BSE Forecast News and Live Quotes". Moneycontrol.com. Retrieved 7 November 2020.
- ^ Ltd, Birla Precision Technologies. "About Birla Precision Technologies Ltd | Cutting Tools And Tool Holder Manufacturers | India". www.birlaprecision.com. Retrieved 8 November 2020.