Aditya Birla Group Targets Earnings Worth $65 Billion By 2015

Aditya Birla Group Targets Earnings Worth $65 Billion By 2015The Aditya Birla Group plans to touch its earnings to $65-billion by 2015 as quoted by group Chairman Kumar Mangalam Birla on Thursday. He said that in 2008, the group had a turnover of $30 billion and also became a Fortune 500 company. And this was accomplished two years ahead of schedule.

At present, the company’s 50% income comes from its overseas operations.

The group boasts of 1.3 lakh employees in 25 countries.

Aditya Birla Nuvo, Aditya Birla Retail, Birla Sun Life Insurance, Grasim, Hindalco, Idea

Cellular and Ultratech Cement come under its roof. The products include aluminium, viscose staple fiber, carbon black, cement, mining, fertilizer, telecom, BPO, and retail.

However, the Chairman did not talk in detail about the businesses that are expected to contribute to maximum growth. Some segments of the Aditya Birla Group are among the world's top ten companies.

The group, which has lot of industries in West Bengal, does not have any intention of new investments in the state. And currently there are no plans to enter the power business either.

Earlier at the conference, Mr. Birla said, “For achieving the $65 billion target, we have to build people, we have to invest in our people in a meaningful way — our hallmark is to invest in people”.