Anil Agarwal (industrialist)

Anil Agarwal is the founder and Chairman of Vedanta Resources Plc. He controls Vedanta Resources Plc through Volcan Investments, a holding vehicle with a 61.7% stake in the business.

Childhood & Early Life

· He was born and brought up in Patna, India. He studied at Miller High School but quit school at 15 to join his father's business, making aluminium conductors. At 19, he left Patna for Mumbai (then Bombay) to explore career opportunities.

Career

· In the mid-1970s, he began trading in scrap metal, collecting it from cable companies in other states and selling it in Mumbai. In 1976, Anil Agarwal acquired Shamsher Sterling Corporation, a manufacturer of enameled copper, among other products, with a bank loan. For the next 10 years, he ran both businesses.

· In 1986, he set up a factory to manufacture jelly-filled cables, creating Sterlite Industries. He soon realized that the profitability of his business was volatile, fluctuating with the prices of his raw materials: copper and aluminium. So he decided to control his input costs by manufacturing the metals instead of buying them.

· In 1993, Sterlite Industries became the first private sector company in India to set up a copper smelter and refinery. In 1995, Sterlite Industries acquired Madras Aluminium, a ‘sick’ company that had been shut down for 4 years and held by the Board for Industrial and Financial Reconstruction (BIFR). The next step of the backward integration process seemed natural: mining.

· His first opportunity came when the government announced a disinvestment program. In 2001, he acquired 51 percent in Bharat Aluminium Company(BALCO), a public sector undertaking; in the very next year, he acquired a majority stake (nearly 65 per cent) in state-run HZL. Both the companies were considered sleepy and inefficient mining firms.

· To access international capital markets, Anil Agarwal and his team incorporated Vedanta Resources Plc in 2003. At the time of its listing, Vedanta Resources Plc, was the first Indian firm to be listed on London Stock Exchange, on December 10, 2003, Vedanta Resources became the parent company of the group through a process of internal restructuring of group companies and their shareholding.

Major Works

· In 2004 Vedanta Resources Plc announced a global bond offeringand acquired Konkola Copper Mines in Zambia, Africa. In 2007, Vedanta Resources acquired a controlling stake in Sesa Goa Limited, India’s largest producer-exporter of iron ore, and in 2010, the company acquired South African miner Anglo American’s portfolio of zinc assets in Namibia, Ireland and South Africa. The next year, Vedanta Resources acquired controlling stake in Cairn India, India’s largest private sector oil-producing firm. The merger of Sesa Goa and Sterlite Industries was announced in 2012, as part of the Vedanta Group’s consolidation.

· Vedanta Resources, headquartered in London, is a globally diversified natural resources conglomerate, with interests in zinc, lead, silver, copper, iron ore, aluminium, power generation, and oil and gas. The greatest share of its assets, however, is in England; Agarwal lives in India, but his heart and soul are in London. His philanthropic activities are targeted at eradicating poverty, by creating jobs and contributing to UK's GDP growth through his business operations.

· In October 2017, it was announced that Agrawal's Volcan Holdings Plc had taken an 19% stake in mining company Anglo American, making him biggest shareholder of the company.

Awards & Achievements

· The Economic Times, Business Leader Award – 2012

· Mining Journal Lifetime Achievement Award - 2009

· The Ernst & Young Entrepreneur of the Year - 2008

· The Asian Awards Entrepreneur of the Year - 2016

Personal Life & Legacy

· Agarwal has pledged to donate 75% of his family’s wealth to charity, saying he was inspired by Bill Gates. On 15 August, 2017 he announced that he will give away 75 per cent of his wealth of $3.5 billion (about Rs 21,000 crore) to charity, which would make him corporate India’s biggest donor to society.

Guruji. A. Sivaguru Swamy

Whatsapp Skype IMO 9963334337 Facetime 9346346956

Skype – sivaguruswamy29

45/2, Opp.Railway Station, Sirkali Tq, Vaitheeswaran Koil,

Naagai Dist, Tamilnadu–609 117

Email – sivaguruswamy1@gmail.com

Our Bangalore Branch Office :

House No.20, Nagamma Layout, Kullappa Circle, Nehru Main Road, Near Om Shakthi Temple, Bangalore, Karnataka - 560084.

Mob : +91 - 99633 34337

http://www.sivanadi.com

http://vaitheeswarankoilnadiastrologer.com/

http://vaitheeswarankoilnadi.com/

http://vaitheeswarantemple.com/

http://vaitheeswarantemplenadiastrology.com/

http://www.chennainadiastrology.com

http://www.nadiastrologytamilnadu.com
http://www.indiannadiastrology.com
http://www.nadiastrologyhyderabad.com
http://www.nadiastrologytelangana.com
http://www.nadiastrologyandhrapradesh.com

Click Here to See the Map & Directions

Click Here to See us at YOUTUBE

Online Nadi Astrology Service Available @ 24x7

Vaitheeswaran Koil Nadi Astrology | Nadi Astrology

Anil Agarwal (industrialist)

Comments

Popular posts from this blog

Online Kagabujandar Nadi Vaitheeswaran Koil