The Birla Group’s metal flagship company, Hindalco Limited, has approved the appointment of Kumar Mangalam Birla’s children as its new directors. The company believes that insights from Ananya Birla and Aryaman Vikram Birla will benefit its growth and development, especially as it transitions to a low-carbon future.
Kumar Mangalam Birla, Chairman of Aditya Birla Group, mentioned, “This is, therefore, an appropriate moment for the board to induct Ananya and Aryaman as directors. Given their strong business acumen and sharp focus on sustainability, I am confident that they will provide valuable perspectives that align with Hindalco’s strategic vision for a sustainable future.”
In 2023, the Birla heirs became board members of the group’s leading companies, Grasim Industries and Aditya Birla Fashion and Retail. They were also named directors on the board of Aditya Birla Management Corporation, the top body responsible for guiding the group’s business strategy.
Ananya Birla is known for her entrepreneurial prowess. At the age of 17, she founded a microfinance company, Svatantra Microfin Pvt Ltd, which later became a great success. Her brother had extensive experience in business and venture capital investing. Further, Aryaman was involved in various Birla businesses, such as fashion and retail, real estate, and paints.
Also read, Aditya Birla Capital Appoints Vishakha Mulye as New CEO
In the exchange filing, the chairman of Hindalco mentioned, “Hindalco is now in the midst of yet another transformational growth phase, co-creating solutions that will harness the potential of aluminium and copper to drive the global energy transition and support the shift to a low-carbon future. This is, therefore, an appropriate moment for the board to induct Ananya and Aryaman as Directors. Given their strong business acumen and sharp focus on sustainability, I am confident that they will provide valuable perspectives that align with Hindalco’s strategic vision for a sustainable future.”
In addition to the Birla siblings, Anjani Kumar Agrawal and Sukanya Kripalu were hired as independent directors, and Bharat Goenka was designated CFO. Prior to this, Goenka had already been part of the group’s CFO office within Mahindra and Mahindra.
