- B.K Birla was born on 12 January 1921.
- His funeral will be organized on Thursday.
Legend of the Indian industry Basant Kumar Birla passed away in Mumbai on Wednesday at the age of 98.
His family said Birla had been suffering from age-related ailments.
Birla was the chairman of Century Textiles and Industries, B.K Birla Group of Companies and was active in business since the age of 15.
B.K. Birla, The youngest son of Philanthropist and Industrialist Ghanshyam Das Birla pioneer of the Jute Mills and other businesses of Birla was born on 12 January 1921.
Let’s have a look at the journey of this Indian Legend
At the age of 15, Birla was already associated with most of his father’s companies and gradually became the chairman of Kesoram Industries.
His first role at Kesoram was of a cashier, as his father wanted him to climb his way up the ladder. He was instrumental in growing the business of his family with his initiatives and business acumen.
An astute businessman, he soon started expanding his group’s footprint through his diversification into industries such as cotton, rayon, viscose, polyester, paper, shipping, nylon, pipe, cement, tea, coffee, chemicals, cardamom, and MDF Board. The group turnover in financial years 2019 stands at Rs. 16,500 crore.
B.K Birla group consists of Century Textiles, Century Enka and Jayshree Tea and Industries beside Kesoram Industries.
Birla is known for his business acumen. One of the examples is whenever he was traveling abroad, he would ask for a snapshot of the whole day’s highlights with numbers which would keep him updated about his business.
But he was not always about business, he loved photography and art. He held many positions across different companies in his own group but his favorite one remains the charitable positions.
He is survived by two daughters Manjushree Khaitan and Jayshree Mohta who run Kesoram Industries. and Jayshree Tea and Industries respectively. He is also a proud grandfather of Kumar Mangalam Birla who after taking over Aditya Vikram Birla group post his father’s death has increased companies turnover from $3.3 billion in 1995 to $41 billion in 2015.
Following his father’s footsteps, Birla continued his philosophy of giving and added more charitable institutions and educational institutions to the list.
This is a sad day in Indian Business World. Basant Babu, as fondly called in the business world will be missed by the Indian Business world badly. His life arc touched a wide horizon of people, institutions, and activities. His legacy will live on through his charitable and educational institutions.