Akshata Sharma
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Aditya Birla Group (ABG) firms crossed the combined market capitalisation mark of $100 billion, or Rs 8,51,460.25 crore, on Friday, May 24.
"The group's market cap growth has beaten the benchmark indices Sensex and Nifty, year-to-date, as well as on a one-year, three-year, and five-year time frame," a statement from the group said.
Grasim's market capitalisation has doubled to over $19 billion in three years, while Hindalco's has also doubled in under two years.
Meanwhile, Vodafone Idea and Century Textiles' market caps have nearly tripled in one year.
UltraTech Cement, Grasim, Hindalco, Aditya Birla Capital, Aditya Birla Sun Life AMC, Vodafone Idea, Aditya Birla Fashion and Retail, TCNS Clothing, Aditya Birla Money, Century Textiles, Century Enka, and Pilani Investment are among the group firms whose combined valuation stood at $100 billion on the BSE.
Under the leadership of Kumar Mangalam Birla, the group has seen substantial growth through strategic investments and expansions. Recent initiatives include entering the B2B e-commerce space through Grasim Industries, which aims to tap into the building materials market. Additionally, the group's fashion and retail arm, Aditya Birla Fashion and Retail Ltd (ABFRL), has been expanding its portfolio with acquisitions and investments in digital-first brands.
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