Thursday, April 24

The name is enough - KUMAR MANGLAM BIRLA - Famous CAs (Part 3)

Kumar Mangalam Birla is an Indian industrialist and the Chairman of the Aditya Birla Group, one of the largest conglomerate corporations in India. The group is India's third largest business house. He is also the Chancellor of the Birla Institute of Technology & Science.

He has B.Com degree from University of Bombay & Chartered Accountant from Institute of Chartered Accountants of India & an MBA from London Business School, London, UK, where he is also an Honorary Fellow.

Kumar Mangalam Birla took over as Chairman of the Aditya Birla Group in 1995, at the young age of 28, after sudden death of his father, Aditya Birla, after whom the group is named. Many doubts were raised about his ability to lead the group with varied interests in textile and garments, cement, aluminum,fertilizers etc. but Kumar Mangalam Birla not only proved his skeptics wrong, but also has grown to become one of the most respected industrialists in the country. Under his leadership the Aditya Birla Group has expanded to Telecom, Software, BPO and other areas while consolidating its position in existing businesses.




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Mr. Birla has held and continues to hold several key positions on various regulatory and professional Boards. An erstwhile Director on the Central Board of Directors of the Reserve Bank of India, he was also Chairman of the Advisory Committee constituted by the Ministry of Company Affairs and served on The Prime Minister of India's Advisory Council on Trade and Industry.

As the Chairman of Securities and Exchange Board of India (SEBI) Committee on Corporate Governance, he authored the First Report on Corporate Governance titled "Report of the Kumar Mangalam Birla Committee on Corporate Governance".  
The idea of Audit Committee, Remuneration Committee, etc. was suggested by the same committee.Its recommendations were path breaking and became the basis of corporate governance norms. Furthermore, as the Convener of the Prime Minister's Task Force on Administrative and Legal Simplifications, the extensive recommendations made by him in his report, have been implemented in totality. Mr. Birla also served as Chairman of SEBI's committee on Insider Trading, which formulated Corporate Governance principles for Indian corporates.

He is on the National Council of the Confederation of Indian Industry and the Apex Advisory Council of the Associated Chambers of Commerce and Industry of India.

Sources:
1. Wikipedia
2. SEBI
3. Aditybirla.com

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