The story
Founded by Madhav Prasad Birla in 1919.1
Before Birla Corporation Ltd.
Ghanshyam Das Birla’s grandfather, Shiv Narayana Birla, used his capital from a moneylending business and started a cotton business. With a successful venture, he went back to Pilani, his birthplace, and built a mansion for the family. Business boomed with World War I as the British Empire relied on Birla to provide for the war efforts. GD Birla inherited the family business and expanded into many industries, and by 1919, the Birla Brothers Limited was formed with his other three siblings. He ventured into the motor vehicle industry, tea, textiles, cement, chemicals, and by 1942, also organized the United Commercial Bank Limited, one of the first commercial banks of India. While still in the early years of the Birla Group, an inkling of the future of Birla Brothers Limited was depicted in GD Birla’s life.
Founding of Birla Corporation Ltd.
Born in 1918, Madhav Prasad of Bombay, son of RD Birla, was a part of the Birla Jute Manufacturing Company since the beginning. By the time he finished college, he was already in charge of Birla Jute which had suffered economic downturns and wars. Madhav changed the company from Birla Jute Manufacturing Company to a company with activities across a wide spectrum of industries. In MP Birla’s time, Birla Corporation and the other businesses under Birla Group gained significant power and stance in the cement, auto trims, steel, and building materials. When he died in 1990, his wife, Priyamvada Birla took over as the chairman of Birla in 1998 and changed the name to Birla Corporation Limited. Priyamvada was known for her active roles in the community, healthcare, and education.
From Wikipedia’s article on Birla Corporation, shared under CC BY-SA 4.0.4