The grandson of the legendary G.D. Birla, Aditya Vikram Birla was one of the most inspirational and outstanding industrialists that India has ever had. His innovative ideas and marvelous abilities helped India to expand trade to foreign countries, thereby leaving an indelible mark on the corporate landscape. He was one of the first Indian industrialists to set up the largest multinational empire, thereby creating India’s first truly global corporation. Apart from carrying forward his grandfather’s legacy, he introduced the concept of “sustainable livelihood”, wherein he taught people to work and feed themselves and their families for lifetime rather than simply living on the food given. With this, he not only gained name and fame amongst the masses but also set an example for other businessmen to learn from him. With his magnificent and phenomenal efforts to develop his business across India and overseas, he became the new face of Indian business - professional, modern, and forward looking.
Flourishing Years
After the flying success of Indo-Thai Synthetics Company Ltd., Aditya established P.T. Elegant Textiles for manufacturing spun yarn in Indonesia in 1973. This was the company’s first venture there. In 1974, he incorporated the group’s Viscose Rayon Staple Fiber as Thai Rayon in Thailand. In the following year in 1975, the first Indo-Filipino joint venture producing spun yarn was established with The Indo Phil Group of Companies in The Philippines. Over the next few years, Aditya launched several more companies and joint ventures throughout the Southeast. He established Pan Century Edible Oils in Malaysia in 1977, which later became the world’s largest single-location palm oil refinery. In 1978, he launched the group’s first carbon black company, Thai Carbon Black in Thailand and in 1982, P.T. Indo Bharat Rayon in Indonesia. These were just some efforts that transformed the Birla Group into a blooming blue-chip company and one of India’s largest business conglomerates. Aditya, himself became one of India’s foremost businessmen. With immense profits from overseas joint industrial ventures, Birla Group became the largest multinational company set up by a resident Indian industrialist. By the 1980s, Aditya had established 19 companies in South and Southeast Asia and the Middle East.
Contribution to India
It was under the dynamic and influential leadership of Aditya Birla that the company was able to intensify and firm its presence in the core sectors. Even before the word globalization was included in India’s dictionary, Aditya set up a global business empire, thereby placing India on the world map in 1969. Under his guidance, the companies were making immense profits in key sectors of textiles, cement, aluminum, chemicals, fertilizers, fiber, financial services, sponge iron, software, and petro-refinery. Aditya is said to be highly responsible for building and improving the country’s commodity business. With the marvelous success of his Grasim, Hindalco, Indian Rayon, and Indo Gulf Fertilizers, he helped several companies prosper.
Though his companies had over 70,000 employees, Aditya was actually generating indirect employment for more than 2 lakh people. Such was the contribution and prosperity brought to India that Aditya helped in earning respect for the “Made in India” quality stamp. Besides giving name to one of the largest industrial empires in India, Aditya Birla served as the director of Reserve Bank of India, Air India, and The India Fund. He had been a member of the Economic and Trade Mission to Japan led by late L.K. Jha in 1985. Further, he even served as a member of the Trade Mission led by the Indian Finance Minister in 1992. He was appointed as a director on the boards of Industrial Credit and Industrial Corporation, Infrastructure Leasing and Financial Services Ltd., and Bajaj Auto amongst other organizations.
Death
Aditya Birla was diagnosed with prostate cancer in 1993, thereby transferring the responsibilities of the group to wife and son. He was admitted to Johns Hopkins Hospital in Baltimore, Maryland, United States for treatment and died after four months of struggle on October 1, 1995, at the age of 51, leaving the entire Birla Empire under the charge of his young son Kumar Mangalam