Kumar Mangalam Birla - A Successful CA Story

"We don't think of success or failure, they are just phases.” 

This is one of the sayings of the renowned personality, Kumar Mangalam Birla, an industrialist and one of the richest men in India.

Kumar Mangalam Birla, born on 14th June, 1967, is the chairman of the Aditya Birla Group. This group the 3rd largest business house in India. Kumar Mangalam belongs to the 4th generation of the Birla family. The illustrious family belongs to Rajasthan, one of the cultural states of India. Kumar’s childhood was spent in Kolkata and Mumbai. After his B.Com from University of Bombay and CA from ICAI, he went to London for an MBA degree from London Business School.

Mr K M Birla, 46 took over as the Chairman of the Aditya Birla Group in the year 1995. He held this position at a very young age of 28 after the death of his father. He was a Marwari but he shaped himself as the most renowned businessman over years.

Mr K M Birla has a cultural value, efficiency and excellence in the financial management. All these traits helped him in his career as a chairman and a visionary. Accountancy is one of the most important traits of the Birla family and Kumar has that trait in his blood, clearly.

Aditya Birla Group has been a meritocratic organization and shaped as a multi-ethnic and multi-dimensional empire with strength of committed employees spanned around 42 countries across the globe.

The group expanded globally and according to Kumar, it has to move with the changing times. It was this motivation which took Birla forward to such a renowned place. His father took the group to overseas and when there was no concept called globalization; his father did business with some of the major brands in Europe and US.

There is no substitute for hard work and this can be seen in the work of Kumar. His main philosophy is to give back what is earned and he has given this back to society in the form of education. An international institute founded by him now runs in Mumbai that focuses on the inner growth of the future entrepreneurs.

It is true that Mr K M Birla got this name and achievement from his family, one of the most renowned families in India; but he as an individual achieved success and excellence with his own hard work and dedication. He always applied simple solutions to complex problems or difficulties. This made him a true businessman all through the years. But yes, his father’s contribution to the business can never be underestimated. He has a passion for his work and the outcome is the rise of Aditya Birla Group globally.

"CAs today face top challenge from MBAs who are good at communication skills, know finance and economy better," he said while addressing All India Conference of Institute of Chartered Accountants of India (ICAI) at Bhubaneswar

"MBAs have an edge over CAs in many fields as the Indian economy is much closer to the world economy now. As merger and acquisition are order of the day, CAs have big roles to play," he said. Delivering the inaugural address at the Mind Rocks India Today Youth Summit 2011, Birla said, "I had two gurus-Pratap Sharma, who taught me the effects of communication, and Ram Charan Yadav, who is a world-renowned management consultant. It's very important that you communicate appropriately and at the right time."

To inherit his father's legacy at the age of 28 was like to be in the deep end, said Mr K M Birla "In such situations, you either learn to swim quickly or you sink. I had to learn to deal with people really fast. Of course I had the qualification-a CA (degree) and an MBA degree-and five years of experience of working with my father," he said.

Success stays with those who stand firm to the ground despite the odds