Aditya Birla Group and the six-year chase for a key RBI label
Over six years beginning 2019, Birla Group Holdings Pvt. Ltd has worked to secure a core investment company registration. Finally, the Birla promoter company won the registration last November.
The Aditya Birla Group invested over six years in obtaining a significant Central Bank label that Tata Sons is eager to relinquish, according to a Mint examination of official documentation. Birla's desire for a core investment company (CIC) registration arose from the necessity to repay public debt, whereas Tata Sons aimed to dismantle its own registration to evade a public listing.
Nehal outlines India's leading conglomerates for Mint, focusing on their long-term strategies and impact on the Indian economy. He previously worked at The Economic Times for five years before joining Mint in 2023, bringing diverse sectoral knowledge in automobile, metals, cement, power, infrastructure, and renewable energy sectors.
Nehal holds a mechanical engineering degree from Pune University and graduated with distinction in 2017. He encourages reader feedback and contact via LinkedIn or nehal.chaliawala@livemint.com. Varun Sood, a business journalist with 17 years of experience, manages corporate coverage at Mint, including IT services, aviation, auto, metals, mining, and conglomerates.
Varun started his career at Business Standard in 2005 and is based in Bengaluru, currently writing about corporate affairs.
Written by urgent.news from Live Mint's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
