 Kumar Mangalam Birla |
Kumar Mangalam Birla will take his grandfather Basant Kumar Birla as the chairman of Kesoram Industries.
The 88-year old B.K. Birla made this disclosure while addressing shareholders at the 90th Annual General Meeting of the Company on Friday in Kolkata.
"After me, Kumar Mangalam will take charge of this company," the senior Birla said. But he has not mentioned any time frame regarding the same.
"I had been asking Kumar to take charge of the companies (B.K. Birla group) in the next two to three years, but he is not listening to me”.
"All decisions about the company will be taken by my father and Kumar Mangalam," said Manjushree Khaitan, the daughter of B K Birla. She also added that she will in the board.
Speculation is prevalent that B.K. Birla will soon hand over the charges of the various group companies to Kumar Mangalam, who is son of the late Aditya Vikram Birla.
Kesoram Industries is engaged in the manufacturing of tyres, tubes, flaps, cement, viscose filament, rayon yarn, etc.
