Hindalco Industries Limited inducts Ms. Ananya Birla, Mr. Aryaman Vikram Birla as Directors

Mumbai, August, 16^th, 2023: The Board of Hindalco Industries Limited, at its meeting held today, inducted Ms. Ananya Birla, and Mr. Aryaman Vikram Birla as Directors. Ms. Ananya Birla and Mr. Aryaman Vikram Birla come with rich and varied experience straddling entrepreneurship and business building. The Board believes that Hindalco Industries Limited will benefit from their new-age insights and business acumen.

Commenting on their appointment, Mr. Kumar Mangalam Birla, Chairman Aditya Birla Group said, “As the metals flagship company of the Aditya Birla Group, Hindalco is driving a greener, stronger, and smarter world through sustainable practices, innovation in materials, recycling, and responsible resource management. Over the years, Hindalco has leveraged its position as the world’s largest aluminium recycling and rolling company to set new benchmarks in sustainability and industry leadership. Hindalco is now in in the midst of yet another transformational growth phase, co-creating solutions that will harness the potential of aluminium and copper to drive the global energy transition and support the shift to a low-carbon future. This is, therefore, an appropriate moment for the board to induct Ananya and Aryaman as Directors. Given their strong business acumen and sharp focus on sustainability, I am confident that they will provide valuable perspectives that align with Hindalco’s strategic vision for a sustainable future.”

Ms. Ananya Birla and Mr. Aryaman Vikram Birla joined the boards of the Group’s flagship companies, Grasim Industries and Aditya Birla Fashion and Retail, in 2023. They were also appointed as Directors on the board of Aditya Birla Management Corporation Pvt. Ltd, the apex body responsible for providing strategic direction to the Aditya Birla Group’s businesses.  

Ms. Ananya Birla is a successful business woman and platinum selling artist. Her first company, Svatantra Microfin Pvt Ltd, founded at the age of 17, is the second largest MFI in the country. It has crossed an AUM of 16000 cr, a team strength of 19500 and it has consistently been accorded a Great Place To Work. With a CRISIL A+ rating, Svatantra is the youngest, highest rated organization in the sector. Moreover, Svatantra secured the largest PE investment deal in the microfinance sector, amounting to a whopping INR 1930 Cr. ($230 million). Svatantra successfully acquired Micro Housing Finance Corporation Ltd. in 2018. Her innovation across the business has resulted in a number of firsts in the industry, and solidified Svatantra’s position as an industry leader in financial services. She is also involved with the Aditya Birla Group’s Trading and Real Estate businesses.

 Mr. Aryaman Vikram Birla comes with diverse experiences including entrepreneurship, VC investing, and professional sport. He is closely involved with several businesses of the Aditya Birla Group (ABG) including Fashion & Retail, Real Estate, Paints, and the Group’s fashion D2C platform— TMRW.

Mr. Aryaman Vikram Birla has founded and is spearheading the hospitality business as well as the venture capital fund Aditya Birla Ventures, that invests in high-growth start-ups. He is a commerce graduate from the University of Mumbai and holds an MSc. in Global Finance from Bayes Business School, London. Prior to joining the Aditya Birla Group, Aryaman was a prolific first-class cricketer

The Board, at its meeting held today, also inducted Mr. Anjani Kumar Agrawal, Ms. Sukanya Kripalu as Independent Directors.

In addition, Mr. Bharat Goenka has been appointed as CFO (Designate). Mr. Bharat Goenka joins the Company from Mahindra & Mahindra, wherein he was part of the Group CFO’s office and led group-wide performance management, consolidation and reporting, investor relations, and strategic value-unlocking initiatives. Bharat is a seasoned finance professional with over two decades of experience across India’s large enterprises.