Anil Agarwal

Quick Facts

Full Name	Anil Agarwal
Occupation	Business Person
Date Of Birth	Jan 24, 1954(1954-01-24)
Age	70
Birthplace	Patna
Country	India
Birth City	Bihar
Horoscope	Capricorn

Anil Agarwal Biography

Anil Agarwal is one of the most popular and richest Business Person who was born on January 24, 1954 in Patna, Bihar, India. Anil Agarwal (born 1954) is the founder and chairman of Vedanta Resources Limited. He manages Vedanta Resources via Volcan Investments, a holding vehicle with a 100percent stake in the company.

His first chance came as the state announced its disinvestment plan. The year 2001 was the time he purchased 51 percent of Bharat Aluminum Company (BALCO) which is a public company; the following year, he purchased an entire stake (nearly 65 percent) in the state-owned HZL(Hindustan Zinc Limited). Both of the companies were thought to be unproductive and sleepy mining companies.

In 2004, a committee of the Indian Supreme Court charged that Vedanta had dumped thousands of tons of arsenic-bearing slag near its factory in the Indian state of Tamil Nadu, resulting in major poisoning of the environment and neighbouring population. In 2005, another committee of the Indian Supreme Court charged that Vedanta had forced over one hundred indigenous families from their homes in the Indian state of Odisha, where it sought to mine bauxite. According to the committee’s report: “An atmosphere of fear was created through the hired goons”, and residents were “beaten up by the employees of M/s Vedanta”. Vedanta’s actions in Odisha were rebuked by the British commerce agency, and the Church of England investment funds sold their shares in the company in protest. In Zambia, Vedanta dumped hazardous waste into the Kafue River, from its copper mine there, according to a lawsuit filed by 2,000 residents, resulting in widespread human illness and the death of fish. A local judge stated: “This was lack of corporate responsibility and criminal, and a tipping point for corporate recklessness”. In 2014, an audit was begun by Zambian officials due to suspicions that Vedanta has not been paying its proper fees to the government. In addition, “hundreds of former mine workers are fighting Vedanta for severance or disability pay.”

In 2004 Vedanta Resources Plc announced a global bond offering and acquired Konkola Copper Mines in Zambia, Africa. In 2007, Vedanta Resources acquired a controlling stake in Sesa Goa Limited, India’s largest producer-exporter of iron ore, and in 2010, the company acquired South African miner Anglo American’s portfolio of zinc assets in Namibia, Ireland and South Africa. The next year, Vedanta Resources acquired controlling stake in Cairn India, India’s largest private sector oil-producing firm. The merger of Sesa Goa and Sterlite Industries was announced in 2012, as part of the Vedanta Group’s consolidation.

in 1993 Sterlite Industries became the first private-sector firm in India to establish an copper refinery and smelter. It was in 1995 that Sterlite Industries acquired Madras Aluminium an ailing company that was closed for four years, and was governed in the hands of the Board for Industrial and Financial Reconstruction (BIFR). The next stage of the backward integration process was to be logical the mining.

Anil Agarwal Net Worth

Anil Agarwal is one of the richest Business Person from India. According to our analysis, Wikipedia, Forbes & Business Insider, Anil Agarwal 's net worth 3.1 billion USD (2020). (Last Update: December 11, 2023)

In the late 1970s In the mid-1970s, he began trading scrap metal, buying cables from other states, and then selling it to Mumbai. in 1976 Anil Agarwal acquired Shamsher Sterling Corporation manufacturing of enameled copper, in addition to other products, through the help of a bank. In the following 10-year period, the company managed both companies. In 1986, he put an industrial facility to make jelly-filled cables. He then founded Sterlite Industries. He quickly realized that the revenue of his venture was volatile and fluctuated with the price of the raw materials he used which included aluminium and copper. Therefore, he decided to reduce his costs of input by making the metals rather than buying them.

The year 1992 was when Anil Agarwal created the Vedanta Foundation to serve as the vehicle by which the group companies could carry out their philanthropic activities and programs. In 2013-14, the financial year of the Vedanta Foundation The Vedanta group companies as well as the Vedanta foundation put up US$49.0 million to construct schools, hospitals and infrastructure, preserving the environment, and investing in community programs that improve life, health, and education of more than 4.1 millions of people. The projects were implemented by partnering with government agencies and non-governmental organisations (NGOs). Agarwal’s inspirations include Agarwal is a fan of Andrew Carnegie and David Rockefeller who constructed public works using their wealth, as well as Bill Gates. The initiatives that he funds through his philanthropy are specifically focused on children’s welfare, women’s empowerment, and education.

To access international capital markets, Anil Agarwal and his team incorporated Vedanta Resources Plc in 2003 in London. At the time of its listing, Vedanta Resources Plc, was the first Indian firm to be listed on London Stock Exchange, on 10 December 2003, Vedanta Resources became the parent company of the group through a process of internal restructuring of group companies and their shareholding.

Height, Weight & Body Measurements

Anil Agarwal height Not available right now. Anil weight Not Known & body measurements will update soon.

Who is Anil Agarwal Dating?

According to our records, Anil Agarwal married to Kiran Agarwal. As of December 1, 2023, Anil Agarwal’s is not dating anyone.

Relationships Record : We have no records of past relationships for Anil Agarwal. You may help us to build the dating records for Anil Agarwal!

Facts & Trivia

Anil Ranked on the list of most popular Business Person. Also ranked in the elit list of famous people born in India. Anil Agarwal celebrates birthday on January 24 of every year.

Is Anil Agarwal a billionaire?

Synopsis. Agarwal knew the journey to success would be a long one, but he was ready to travel the road. Indian billionaire Anil Agarwal only knew two English words when he came to Mumbai, which was then called Bombay. Those two words were “yes” and “no”, but he held on to his dreams of making it big in the city.

What is the business of Anil Agarwal?

Anil Agarwal is the chairman of Vedanta Resources Plc , a company he founded in 1976. The company started as a cable manufacturer and went on to be listed in the London Stock Exchange in 2003. Agarwal, however, took the company private on October, 2019.

What does Vedanta produce?

Vedanta Limited, a subsidiary of Vedanta Resources Limited, is one of the world’s leading Oil & Gas and Metals company with significant operations in Oil & Gas, Zinc, Lead, Silver, Copper, Iron Ore, Steel, and Aluminium & Power across India, South Africa and Namibia.

Who is owner of Vedanta?

Vedanta Resources

Is Anil Agarwal Indian?

Anil Agarwal
Born| Patna, Bihar, India
Citizenship| Indian
Occupation| Chairman of Vedanta Resources
Known for| The Vedanta Foundation, Sterlite Industries