Some Lesser Known Facts About Aditya Vikram Birla. "Aditya Birla Fashion and Retail has today approved the raising of Rs 1,500 crore by way of preferential issue to Flipkart Group. The company also operates … Ltd., d/b/a Aditya Birla Group, is an Indian multinational conglomerate, headquartered in Worli, Mumbai, Maharashtra, India. He was born in Kolkata to a well-known businessman Basant Kumar Birla and Sarla Birla. His grandfather Ghanshyam Das Birla was an associate of Mahatma Gandhi. The business comprises 50 companies and 130 production units in almost 40 countries. Aditya Birla Group is the world's largest producer of viscose staple fibre. The group is also involved with a number of community development work. Walmart-owned Flipkart Group as well as ecommerce major Amazon have held separate talks with Aditya Birla Fashion and Retail (ABFRL), which owns brands like Pantaloons, Allen Solly and Peter England, for a potential investment, according to three people aware of the matter. Aditya Birla Management Corporation Pvt. Indian e-commerce giant Flipkart has bought a 7.8% stake in Aditya Birla Fashion for ₹1,500 crore. Aditya Birla Fashion and Retail Limited (ABFRL) is an Indian fashion retail company headquartered in Kurla, Mumbai. ET reported on Thursday that Flipkart Group and US-based e-commerce company Amazon had held separate talks with ABFRL for a potential investment, and that Flipkart was likely to nudge ahead in acquiring a minority … The 8th edition of East India Company ABFRL was previously known as Pantaloons Fashion & Retail Limited prior to its acquisition by the Aditya Birla Group. BENGALURU: Aditya Birla Fashion and Retail (ABFR) has entered into a commercial pact with Flipkart where it will raise Rs 1,500 crore by selling nearly 8% stake to the e-commerce platform. Aditya Birla Finance offers personal loan to salaried individuals with a good credit score and a consolidation, medical emergencies, purchase of household or electronic goods, children's education, wedding expenses, home improvement and for travelling. Aditya Birla Group Aditya Birla Group is tagged in 1 stories. Aditya Birla Retail Ltd – Company Profile & SWOT Analysis, is a source of comprehensive company data and information. The promoter and promoter group companies of Aditya Birla Fashion would hold about 55.13 per cent stake upon the completion of the issue. China Lags on Sustainable Viscose, Australia Unveils Tree-Free Alternative. Birla Cellulose is a 100% nature-based cellulosic fibre, ideal for apparel, home textile, & nonwoven applications. ABFRL has a network of 3031+ stores with a presence across approximately 25,000 multi-brand outlets with 6,500+ point of sales in department stores across India. Flipkart is in a race with rivals Amazon and Reliance’s JioMart to tap offline retail. At Aditya Birla Capital, our endeavor is to become a preferred financial services brand of choice for all our customers’ needs across their life cycle - a brand that customers … The group has been awarded with a number of accolades and awards for excellent performance in all sectors. Aditya Birla Fashion manufactures popular clothing brands like Allen Solly, Peter England, Louis Philippe and VanHeusen. The Aditya Birla Group Building Sustainable Businesses. It operates in 34 countries with more than 120,000 employees. Three brands from Madura Fashion and Lifestyle, a unit of Aditya Birla Group company Aditya Birla Nuvo Ltd, crossed the ₹ 1,000 crore revenue mark in terms of consumer price in fiscal 2015. The Aditya Birla Group’s core focus in the retail sector is in the apparel segment. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. A sustainable business is one that can live within the constraints of a two degree sustainable world. Unlike food and grocery retailing that operates on wafer-thin margins, apparel retailing is a lucrative business with margins as high as 30%, and the group is by far the market leader with brands such as Allen Solly and Van Heusen. The two ecommerce companies are vying to acquire a minority stake in the Birla group company, sources said, … Only 7 per cent of the $1.2-trillion retail market is online, and these players are competing for the rest. Some of the popular and well known products and services are Ultratech Cement, Birla white, clothing brands from Allen Solly, Peter England, Louis Phillipe, etc. Get the list of Companies in Aditya Birla, Top Companies in Aditya Birla, MNC Companies in Aditya Birla, Private Limited Companies in Aditya Birla, Public Limited Companies in Aditya Birla, Govt companies in Aditya Birla, Information Technology (IT) Companies in Aditya Birla, Company database of Companies in Aditya Birla - www.fundoodata.com in India. In 2018, in partnership with Samara Capital, Amazon bought the Aditya Birla group's grocery retail arm, More, for Rs 4,200 crore. The Aditya Birla Financial Services Group (ABFSG), an umbrella brand for all the financial service businesses of the Aditya Birla Group, brought together 800 senior and middle members of the management from all the group companies. Aditya Birla Group is a leading multinational business sphere with its base in India. Adding to Anurag's thorough answer; I 'googled' a bit about these brands, and surprisingly there is not a lot of information about these brands. Further, the group employs around 100000 personnel across these countries. The deal would strengthen the range of brands offered on Flipkart and Myntra. Kumar Mangalam Birla, chairman, Aditya Birla Group, said, "This partnership is an emphatic endorsement of the growth potential of India. Linen Club - An ethnic brand by Aditya Birla Group, the largest linen cloth manufacturer and retailer in India who produces superlative quality of linen fabric since 6 decades. The recent stake sale of 7.8 per cent by Aditya Birla Fashion and Retail Limited ( ABFRL) to e-commerce giant Flipkart Investments to raise Rs 1,500 crore got a thumbs-up from the market. The group was founded by Seth Shiv Narayan Birla in 1857. Mr. Kumar Mangalam Birla is the Chairman of the Aditya Birla Group. Source: Source - Adgully 4. Aditya Birla Capital is one of the most trusted brands & its joint venture with Sun Life Insurance has gained accolades in the industry with the name Aditya Birla … Walmart-owned ecommerce marketplace Flipkart will acquire 7.8% stake in Aditya Birla Fashion & Retail (ABFRL) for Rs 1,500 crore, regulatory disclosures to the BSE showed. The group revenues over 48 billion US dollars and has approximately 120 000 employees. Aditya Birla Fashion and Retail Limited (ABFRL) emerged after the consolidation of the branded apparel businesses of Aditya Birla Group comprising ABNL's Madura Fashion division and ABNL's subsidiaries Pantaloons Fashion and Retail (PFRL) and Madura Fashion & Lifestyle (MF&L) in May 2015. Bengaluru: Aditya Birla Fashion and Retail (ABFR) is in talks with Walmart-owned Flipkart for a strategic alliance, through which it can sell a minority stake, two sources aware of the matter said. ABFRL's Lifestyle Brands is home to some of India's most iconic brands - Louis Philippe, Van Heusen, Allen Solly and Peter England - all market leaders within their segment. The equity capital will be raised at Rs 205 per share. The International Brands portfolio comprises- The Collective, Ted Baker, Ralph Lauren, American Eagle and Simon Carter. It also bought a 5 per cent stake in Shoppers Stop in 2017. ; At the age of 22, he was given the responsibility of the entire Birla company, and soon with his dynamic leadership skills, the organisation was expanded in its core sectors. Birla Cellulose offers a wide range of fibres for fashion and lifestyle with a focus on sustainability, innovation and partnership. With their signature styles, high quality products and differentiated in-store experience, these brands have garnered immense customer loyalty and recall. "With this infusion, Flipkart Group will own 7.8 per cent equity stake in ABFRL on a fully diluted basis. Flipkart has invested ₹1,500 crore for a 7.8% share in Aditya Birla Fashion and Retail Limited, the company announced on Friday. It is a subsidiary of the Aditya Birla Group and licensed under Madura Garments, so yeah, all those trousers, shirts and wallets are all made right here. Buys Rs 1,500 crore stake in Aditya Birla Fashion and Retail Limited. Broadly, it covers an individual's immediate personal need for funds. Telecom Service from Vodafone Idea, different financial products for investing such as mutual funds, insurance policies, etc. The group provides various services and products through different business segments. 2 years ago - Report: Chinese viscose sector’s sustainability roadmap fails to deliver ... Have Sustainable Brands delivered right to your inbox. Chief Executive Officer - International Brands, ABFRL at Aditya Birla Group Portland, Oregon 500+ connections. ETBrandEquity.com brings latest aditya birla group news, ... 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