Agarwal spent his lifetime advocating policies that involve the people in natural resource management and learn from India’s own traditions. Age old. Along with that, Anil also acquired a highly potential “Shamsher Sterling Corporation” which manufactured enameled copper, among other products, with a bank loan of Rs. Anil Agarwal estimated net worth in 2018 is Under Review.Here we also added Anil Agarwal previous years Net Worth, Income, Salary & Property details. They are primarily engaged in copper, zinc, aluminium and iron ore businesses, and are also developing a commercial power generation business. The proposed buyout deal follows several high-profile departures from Vedanta. Fame & Address. Anil Agarwal was born in the lower-middle-class Marwari family on 24th January 1954 in Patna, Bihar. MUMBAI: Billionaire Anil Agarwal’s family trust, Volcan Investments, emerged as a surprise contender for the debt-laden Jet Airways, being one of the three entities that responded to the call for expressions of interest (EOI) for the grounded airline. Anil Agarwal is exploring buying out investors in his Vedanta and taking it private Anil Agarwal & his family own 50.1% of Vedanta, whose shares have fallen more than 40% this year, giving the company a market value of about $4.4 billion. Anil successfully managed to uplift his company from revenue of $1 billion to unbelievable revenue of $13 billion, within a decade and at the same time, he has also grown his employee strength to more than 32,000 people as well. Let us embrace the season as we celebrate the victory of the human spirit over a challenging year. Anil Agarwal is an Indian Businessman who is a founder and executive chairman of Vedanta Resources Plc. The floor price for tendering the shares has been set at Rs 87.25 by the company. Anil Agarwal’s daughter Priya joins Vedanta as director 1 min read. Anil joined the Global Opportunity team in 2020 as an investor. They believe they are also well positioned to take advantage of the significant growth in industrial production and investments in infrastructure in India, China, Southeast Asia and the Middle East, which they expect will continue to create strong demand for metals. Anil Agarwal was born in the lower-middle-class Marwari family on 24th January 1954 in Patna, Bihar. Dr. Agarwal graduated from the Institute of Medical Sciences in 1975. Hence, to counter that, he decided to control his input costs by manufacturing the metals instead of buying them. Chairman and Member of Remuneration Committee, Sterlite Energy Ltd. (about $36 million). Billionaire businessman Anil Agarwal's family firm got bankers’ approval on Wednesday to acquire 13 companies of insolvent consumer appliances maker Videocon Industries. 7 Cr. Read Other Biographies: Akash Ambani | Anant Ambani | Mayanti Langer | Andrew Kneebone | Arvind Kejriwal | Saikhom Mirabai Chanu | Mini Menon | Randi Zuckerberg. Mr. Anil Agarwal controls Vedanta Resources Plc through Volcan Investments, a holding vehicle with a 61.7% stake in the business. The very same year, he had also controlled the largest capacity cast copper rod plants. And he joined his father’s business of making aluminum conductors in 1972. Its business is principally located in India, one of the fastest growing large economies in the world. SPOUSE. In 2001, he acquired 38.8% interest in India Foils Ltd, 51% interest in BALCO and 46% interest in Hindustan Zinc Ltd. Again, all these companies were also considered sleepy and inefficient mining firms. Mr. Anil Agarwal controls Vedanta Resources Plc through Volcan Investments, […] Founder, Executive Chairman, Chairman of Nominations Committee and Member of Executive Committee, Vedanta Resources Plc. Check out below for Anil Agarwal Wiki, Biography, Age, Family, Vedanta Resources, Net Worth, and More. He was 87. The financial condition of his family was not that strong. Anil Agarwal is a Indian Entrepreneur, Businessperson, who was born on in Birth Place not known. Get started Geni World Family Tree. It is a largest mining and non-ferrous metals company in India. It is a largest mining and non-ferrous metals company in India. Agarwal was born and brought up in Patna, India. The next step was of the backward integration process, i.e., mining. New Delhi: Commodities tycoon Anil Agarwal is planning to invest $10 billion through a new partnership targeting government privatizations in India. Contact me at [email protected], Your email address will not be published. Anil Agarwal is an Indian politician and an MP from the Bharatiya Janata Party from Uttar Pradesh.He was fielded as the ninth candidate in the ten Rajya Sabha seats which went for elections He defeated Bhimrao Ambedkar of the BSP who got 35 first preference votes and required a minimum of 37 votes. Chairman of the Board, Bharat Aluminium Company Ltd. Director, Copper Mines of Tasmania Pty Ltd. Director, Vedanta Resources Holdings Ltd. Non-Executive Chairman and Member of Remuneration Committee, Sterlite Industries (India) Ltd. Chairman, Member of Compensation & Benefits Committee and Member of Audit Committee, Sterlite Gold Ltd. Non-Executive Chairman, Sterlite Technologies Limited. The Economic Times, Business Leader Award – 2012; Anil Agarwal launches $2bn buyout bid for Vedanta . Anil Agarwal was born on 24th January 1954 in Patna, Bihar to a lower middle class family whose financial condition was not that strong. At the time of its listing, Anil’s Vedanta Resources Plc was announced as the first Indian company on London Stock Exchange. May you enjoy the lights & merriment of Christmas and let's celebrate responsibly. Later, Anil was highly frustrated with a situation of the business environment in India, and he moved to London, a place where the world’s largest mining and metals companies were headquartered. He earned his DDS in 1974 from King George’s Medical School and earned a master’s in oral biology from Northwestern … My name is Anil Agarwal, a full time blogger from India, currently based out in Gurgaon ... Rest of time gets used while doing household work, spending time with family etc. He joined Morgan Stanley in 2001 and has 19 years of experience. They believe their experience in operating and expanding their businesses in India will allow them to capitalize on attractive growth opportunities arising from India’s large mineral reserves, relatively low cost of operations and large and inexpensive labor and talent pools. Vedanta Chairman Anil Agarwal, in an interview with CNBC-TV18, said the company will go for a counteroffer for the buyback of shares "if need be". Anil Agarwal is an investor for the Global Opportunity team. Agarwal has pledged to donate 75% of his family’s wealth to charity, His main focus is a new liberal arts and humanities-focussed University in India. His father, Dwarka Prasad Agarwal, was just a small scale businessman who made aluminium conductors in Patna. And later in 2003, the company was rebranded to Vedanta Resources Plc., to access international capital markets. New Delhi: Mining baron Anil Agarwal's father has died. 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