BUSINESS
Anil Agarwal's father used to run a small aluminium conductor business. Anil was a student of Patna's Miller High School.
Anil Agarwal, the founder and chairman of the Vedanta Group, is one of the richest men in India. He was born in 1954 in a Marwari family in Bihar's Patna. His family owns more than 70 per cent of the business. His family's net worth is over Rs 32000 crore. Agarwal never forgets to imbue Bihar in his success narrative. Recently, he said his favourite dish is Litti Chokha, a dish from the state.
Anil Agarwal's father used to run a small aluminium conductor business. Anil was a student of Patna's Miller High School. He joined his father's business instead of going to college. He left for Mumbai when he was just 19. He achieved early success in the mid-1970s. He would collect scrap metal from cable companies and sell it in Mumbai, earning a big profit. In 1976, he acquired a company called Shamsher Sterling Corporation that used to manufacture copper. He ran both his businesses for 10 years. In 1986, he built a factory that manufactured jelly-filled cables. To control the input cost, he started manufacturing the metals needed for his factory instead of buying them.
By 1993, his Sterlite became the first private company to smelt copper. He later acquired Madras Aluminium. He became a big fish in the industry after he acquired 51 percent stakes in BALCO for Rs 551 crore in 2001. The next year he acquired government-run Hindustan Zinc Limited. He has a stake of 65 percent.
He also acquired Cairn India, the largest private oil-producing firm. He acquired several companies in several countries.
Last year, he said Vedanta and Foxconn will invest 20 billion dollars in 2022 to build semiconductor and display plants in India.
Last week, he denied that he was planning to sell 5 percent stakes in Vedanta.
Agarwal has over 1,63,000 followers on Twitter. He shares motivational videos on his account. Last week, he shared a photograph with beloved Litti Chokha.
"As you all know, English isn't my first language but I understood the meaning of the word 'homesick' when I had to leave Bihar for work. There aren’t enough words to explain my love for this place. Yahan ki har baat duniya se hat kar hai..(here everything is out of the world)".
He said recently he got a chance to go back to the lanes where he grew up.
Anil Agarwal has reportedly pledged to give away 75 percent of his wealth to charity.
His personal net worth, according to Forbes, is Rs 16,400 crore.
Delhi air pollution: Toxic smog chokes Delhi-NCR; AQI at 422
FPI inflows to bounce back India expected to attract USD 20-25 billion in FY25 Bank of Baroda
When AR Rahman talked about making adjustments after marrying Saira Banu: ‘I lost my…’
Bank Holiday November 2024: All banks to remain closed in THIS state today here's why
Bypolls 2024: Byelections in 15 seats across Uttar Pradesh, Punjab, Kerala, Uttarakhand today
Donald Trump attends launch of Elon Musk owned SpaceX’s Starship rocket in Texas
IAS officer's wife who 'eloped' with a gangster returns home; what happens next is bone-chilling
BGT: Jasprit Bumrah eyes Kapil Dev's elite record during India vs Australia Test series
Jharkhand Assembly Election 2024: Final phase of voting today, NDA, INDIA to fight for 38 seats
AR Rahman breaks silence on his separation from wife Saira Banu: 'Even the throne of God might...'
Meet India’s youngest female IAS officer, who cracked UPSC exam by self-study at 22, secured AIR...
'Kya baat hai': RJ Lucky mimics celebrities' voices to sing 'Mere Dhola 3.0', internet reacts, WATCH
India withdraws from Blind T20 World Cup in Pakistan due to...
‘Aiyyashi ka adda…’: Salman Khan’s farmhouse doesn’t belong to him but…
India beat Japan 2-0, to face China in final of Women's Asian Champions Trophy hockey
A gamble with radiation: The uncalculated risks of prolonged spaceflight
Roger Federer pens emotional tribute to Rafael Nadal ahead of his retirement
Dead man's eye goes missing at Patna hospital, doctors allege 'rats ate it off'
FIR against stand-up comic Yash Rathi for using derogatory words in his show at IIT Bhilai
How Zeenat Aman was instrumental in making Mithun Chakraborty a Bollywood hero to watch out for
Deepika Padukone, Ranveer Singh lease a new Mumbai apartment; monthly rent is whopping Rs...
Who is Mojtaba Khamenei, likely to take over as Iran's Supreme Leader?
Day before Maharashtra voting, BJP’s Vinod Tawde accused of distributing cash, poll body files case
When will ICC Champions Trophy 2025 schedule be announced? Know latest update here
BIG update on gold loans, RBI to soon bring this option to reduce lending gaps, it is...
Effective E-Commerce Promotion Strategies to Drive More Sales Revenue
Meet Shivraj, Aishwarya Rai's bodyguard, who earns more than CEOs, his whopping salary is...
Mahesh Babu subtly backs Nayanthara, Vignesh Shivan amid feud with Dhanush; here's how
Vladimir Putin to visit India says Russian government's spokesperson, official dates to be...
Vladimir Putin's BIG decision on nuclear weapons, threatens to use nukes against West if...
Virat Kohli’s bat being sold in Australia for THIS whopping price, watch video here
Apple quietly discontinues this popular iPhone accessory, once considered necessity, it is…
Air pollution: Delhi govt seeks centre's nod for artificial rain amid 500 AQI
Meet man, college dropout, youngest Indian on Hurun rich list at 21, his business is...
Cutting costs, boosting control: Viharika Bhimanapati's AI-powered ad-tech revolution
Viral video shows group of men stealing spotlight at wedding with their crazy dance moves
Moon Moon Sen's husband, Riya Sen and Raima Sen's father, Bharat Dev Varma, passes away in Kolkata
Dev Anand was 'desperately' in love with THIS superstar, got jealous when Raj Kapoor 'kissed' her
Shocking! Woman travelling from Kuala Lumpur found dead on Chennai-bound international flight
OpenAI in legal trouble: Delhi HC summons ChatGPT company over ANI copyright infringement allegation
This day that year: India’s heartbreaking loss to Australia in 2023 World Cup final
Centre acknowledges existential threats posed by big tech to digital news media and credible news
Sushmita Sen’s ex boyfriend Rohman Shawl breaks his silence on their relationship: ‘We are still…’
Did you know Nayanthara's real name is Diana? Here’s why she changed it
Mahindra's plan to pick up 50% stake in this European company stalled due to...
Relief for Malayalam actor Siddique as SC grants anticipatory bail in rape case
Meet woman who rejected high-paying job offer from abroad, cracked UPSC exam with AIR...
Banks Holiday November 2024: Banks to remain closed in THIS state tomorrow, know why
Israeli airstrike hits central Beirut near key government buildings and embassies
'Glad to have met...': PM Modi meets Italian PM Meloni on sidelines of G20 Summit
Shillong Teer Results TODAY November 19, 2024 Live Updates: Check lucky winning numbers
Nayanthara Beyond The Fairytale: Who is Nayanthara's ex-lover who asked her to quit cinema?
This stray dog becomes popular among tourists after it climbs Giza Pyramid, watch