You would think that the richest CA of India would actually be involved in the field of chartered accountancy!
And yet that is not the case at all.
This edition of Jobaaj Stories shall feature Kumar Mangalam Birla!
Kumar Mangalam Birla is a CA, but that's not all, he is also an Indian billionaire industrialist, and the chairman of the Aditya Birla Group, one of the largest conglomerates in India. Not only that he also holds the fortune of being the chancellor of Birla Institute of Technology & Science, the chairman of IIT Delhi, and IIM Ahmedabad.
Academic ventures
A rather academically-oriented guy, Kumar did his schooling at the Sydenham College of Commerce and Economics.
Though he was born in Kolkata, he was raised in Mumbai and the fun fact is that Birla belonged to the 4th generation of the Marwari Birla family of Rajasthan.
He got his bachelor's degree from the University of Mumbai and his MBA from the University of London in 1992.
Of course, he is also an ICAI (Institute of Chartered Accountants of India) registered chartered accountant. (That bit is evident from the title of this article)
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Taking over the Birla Group
Soon after his MBA, Kumar Mangalam Birla took over as the chairman of the Aditya Birla Group in 1995, shortly after his father's death.
But Birla's prodigious mind did wonders for the company.
According to the figures, Birla was able to increase the annual turnover for the company from 3.33 billion dollar USD in 1995 to 48.3 billion dollar USD in 2019.
Recognitions and rewards
Birla has also received various awards during his career.
Some of these are:
- International Advertising Association's "CEO of the Year Award" in 2016.
- the US India Business Council's "Global Leadership Award" in 2014.
- Economic Times “Business Leader Award” in 2003 and 2013.
- Forbes India Leadership Award - Flagship Award “Entrepreneur of the Year 2012.
- NDTV Profit Business Leadership Awards 2012, “Most Inspiring Leader”.
- CNBCTV18 IBLA “Business Leader for Taking India Abroad 2012”.
- CNN-IBN “Indian of the Year Award 2010”.
- JRD Tata “Leadership Award 2008”.
- NDTV's “Global Indian Leader of the Year 2007”.
Net Worth
On to the more exciting stuff!
Let's see what is the net worth of the richest CA in India.
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Well as already stated, his being CA doesn't really account much to his net worth for most of his revenue is from the Aditya Birla Group.
But to state a rough estimate, his net worth is of value, 13 billion dollars USD.
It's interesting to note though, that between the years 2017 and 2019, his net worth took a serious hit mostly due to the financial distress at that time which the Vodafone Idea limited was experiencing. The impact on Kumar's net worth was drastic and it reduced his net worth to 6 billion dollars USD.
Bummer!
Again! This story was brought to you by Jobaaj Stories in association with Jobaaj.com
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