Comments
Mr Kumar Mangalam Birla, who heads the sprawling Aditya Birla Group, will not immediately join the board of Kesoram Industries Ltd, the patriarch of the Birla clan, Mr B.K. Birla, said.
“He is not prepared to join the Kesoram board at the moment,” Mr Birla told reporters when asked why Mr Kumar Mangalam was still not inducted on the company’s board, even though he is next in line to take control of the cement-cum-tyre firm as its chairman.
Mr B.K. Birla, Kesoram Industries’ Chairman, said: “Mr Kumar Mangalam is an extremely busy person and hardly finds any time to come to Kolkata as he is heading several companies. As of now, he has no plans to join Kesoram board.”
Mr Birla’s daughter, Ms Manjushree Khaitan, has already joined the company board as a director. She was tipped to become the Vice-Chairman.+
Earlier, Mr Birla said the day-to-day affairs of the company would be looked after by Ms Manjushree under Mr Kumar Mangalam’s guidance.
The company does not have any plan to demerge its cement and tyre businesses.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.