Anil Agarwal was born in 1954 and presently he is 68 years of age, know his net worth and education
At the young age of 19, he left Patna for Mumbai to explore more career opportunities.
Anil Agarwal is an Indian Billionaire who is the founder and Chairman of Vedanta Resources Limited. Anil controls Vedanta Resources through Volcan Investments, a holding vehicle with a 100% stake in the business.
Anil Agarwal Vedanta Group Chairman Biography, Age, Family, Wife, Children, Education, Net Worth
The whole country is together & PM @NarendraModi is a phenomenal leader: @AnilAgarwal_Ved, Chairman, Vedanta Resources Limited tells Navika Kumar on @thenewshour AGENDA. | #CoronaKoHaranaHai pic.twitter.com/d1VlUjjq6n
— TIMES NOW (@TimesNow) April 1, 2020
Anil Agarwal’s Family And Education
Anil Agarwal was born to Dwarka Prasad Agarwal who had a small aluminum conductor business. Anil studied at Miller High School, Patna and he decided to join his father’s business, which makes aluminum conductors instead of going to university. He got married to Kiran Agarwal and they have 2 children Agnivesh (son) and Priya (daughter).
Anil Agarwal Professional Career, Latest News, And Achievements
In the middle of the 1970s, Anil started trading in scrap metal and he collected it from cable companies in other states and sold it in Mumbai. In 1976, Anil Agarwal acquired Shamsher Sterling Corporation a manufacturer of enameled copper. For the next 10 years, Anil ran both businesses. In 1986, he set up a big factory to manufacture jelly-filled cables, creating Sterlite Industries.
In 1993, Sterlite Industries became one of the first private sector companies in India to set up a copper smelter and refinery. Anil’s one of first opportunity came when the government declared a disinvestment program. In 2001, Anil acquired more than 50 percent in Bharat Aluminium Company (BALCO) for an amount of INR 551.50 crore, a public sector undertaking. Both companies were considered as sleepy and inefficient mining firms.
To access international capital markets, Agarwal and his team incorporated Vedanta Resources Plc in London in 2003. At the time of its listing, Vedanta Resources Plc was considered as one of the first Indian firms to be listed on London Stock Exchange on the 10th of December 2003. Vedanta Resources became the parent company of the group through a process of an internal restructuring of group companies and their shareholding.
In 2017, it was declared that Agrawal’s Volcan Holdings Plc had taken a 19% stake in mining company Anglo American and this makes him the biggest shareholder of the company. According to Forbes Vedanta and Foxconn in 2022 will jointly invest about $20 billion to build semiconductors and display plants in the Indian state of Gujarat with Vendanta having 60% stakes in the venture.
Anil Agarwal’s Net Worth
Anil Agarwal is estimated to have a net worth of 250 crore USD.