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<ul><li>ABNAH acquires 100% stake in KA Hospitality, adding seven restaurants in three cities to its portfolio.</li><li>KA Hospitality runs four continental restaurants under the brands — Hakkasan, Yauatcha, Nara Thai and CinCin.</li><li>Growing affluence and the desire for high-quality dining experiences is an incredible growth opportunity, says <keyword id="5978562" type="General" weightage="20" keywordseo="aryaman-birla" source="Orion">Aryaman Birla</keyword>, promoter of ABNAH. </li></ul><keyword id="6359480" type="General" weightage="20" keywordseo="aditya-birla" source="Orion">Aditya Birla</keyword> New Age Hospitality (ABNAH) founded by Aryaman Vikram Birla, said that it acquired 100% stake in KA Hospitality on Tuesday. KA Hospitality runs four continental restaurants under the brands — Hakkasan, Yauatcha, Nara Thai and CinCin. This acquisition helped ABNAH add seven restaurants to its portfolio, across three cities. The company currently operates Jolie’s, a members-only club, spanning across 30,000 square feet in Worli in Mumbai. The financial terms of the acquisition were not revealed. ABNAH promoted Aryaman Vikram Birla has been planning to build premium casual dining restaurant chains across India. Aryaman Birla is the son of <keyword id="44373" type="General" weightage="20" keywordseo="aditya-birla-group" source="Orion">Aditya Birla group</keyword> chairman <keyword id="6354955" type="General" weightage="20" keywordseo="kumar-mangalam-birla" source="Orion">Kumar Mangalam Birla</keyword>. He is a cricketer and sits on the board of group companies. “We continue to believe in the remarkable potential of the premium casual dining space, spurred by rising disposable income and evolving lifestyles of the Indian consumer. The intersection of growing affluence and the desire for new-age, high-quality dining experiences presents an incredible growth opportunity," said Birla, director of Aditya Birla Management Corporation and founder of ABNAH. He adds that the company added best-in-class restaurants to discerning diners, and that each of the four brands uniquely stands. The four brands are positioned across the customer value pyramid, spanning the mid-market to premium segments. Hakkasan is a Michelin-starred brand serving modern Cantonese food. Yauatcha is an award-winning dim sum teahouse from London. Nara Thai is a contemporary brand that captures the essence of authentic Thai cuisine. CinCin is a modern Italian brand and designed to reflect the vibe and culture of the Italian ‘La Dolce Vita’ lifestyle. KA Hospitality was founded by the late Kishor Bajaj in 2011, who introduced Hakkasan and Yauatcha to Mumbai, believing that India was ready for Michelin-grade dining. Karyna Bajaj, who took over as executive director in 2016 brought in Nara Thai, and created a homegrown brand CinCin. "Over the span of twelve years, we have nurtured our family business with unwavering commitment. We have built KA Hospitality from its very foundation, driven by passion into a formidable establishment renowned for crafting exceptional dining experiences. It is with great pride that we now pass the baton to ABNAH,” said Karyna Bajaj. In June this year, the metals to cement group which also has extensive presence in the retail sector, entered the <a href="https://www.businessinsider.in/business/corporates/news/aditya-birla-group-to-take-on-tata-reliance-now-in-the-branded-jewellery-space/articleshow/100787757.cms">branded jewellery segmen</a>t. It said that it would invest ₹5,000 crore, and house the business under a new venture called ‘Novel Jewels’.

Aryaman Birla adds premium restaurants like Hakkasan, Yauatcha to group’s hospitality portfolio

<ul><li>In 20 years, Aditya Birla revenue grew 26-fold from $1.6 billion in 1995 to $41 billion in 2015. </li><li>However, his telecom business Idea Cellular ran into trouble in 2016. </li><li>In 2016, Mukesh Ambani led-Reliance Industries disrupted the Indian telecom industry with Jio — hurting all telecom players including Idea. </li><li>Vodafone Idea posted a net loss of ₹4,874 crore, or over $700 million, in the first quarter of the current financial year. </li></ul>In 1995, Aditya Vikram Birla passed away suddenly from cancer-related ailment. As expected, investors were nervous of the group’s future. Even so, after a 28-year old <keyword id="364651" type="COMPANY" weightage="20" keywordseo="Kumar-Birla">Kumar Birla</keyword> was given the reins of the massive Aditya Birla Group. The Birla group was shaken at the sudden demise of the chairman and staring at a gloomy future. But the young Kumar wasn’t ready to give up. Two days later, he laid down an agenda, met investors and began his work. He hasn’t stopped till date as he now runs a $40 billion empire with interests across metals, cement, retail and telecom: <div type="Slideshow" msid="71933849" hostid="261" title="Kumar Birla who multiplied his group’s wealth 26 times over, is now facing tough times after Jio’s entry." firstImageMsid="71934009" slideCount="5"></div>

Kumar Birla who multiplied his group’s wealth over 26 times , is now facing tough times after Jio’s entry

Every success story is accompanied by hardships and failures. No one was born great. Their diligence and persuasion made them what they are. From being a tea seller to shoveling limestone, they did it all before becoming the greats of today’s world. Business Insider has brought together 7 such stories that will inspire you to dream! 
 
(Image credits: wikimedia commons)

7 inspiring stories of the early lives of India’s most successful people

<ul><li>Birla family patriarch B K Birla passes away on July 3 due to age-related ailments, at the age of 98. </li><li>A 13-year old BK was chided by an uncle about earning pocket money, and that led him to invest in shares.</li><li>B K Birla’s funeral will be held on Thursday in Kolkata, as per his last wishes.</li><li>He wrote in his autobiography, Swanta: Sukhaya that he was taught accounting by his family. </li></ul>Decades before <keyword id="6354955" type="UNKNOWN" weightage="20" keywordseo="Kumar-Mangalam-Birla">Kumar Mangalam Birla</keyword>, the chairman of the Aditya Birla Group purchased American metal company Novelis, yet another Birla had set the stage to the group’s global dreams. That was his grandfather B K Birla, who passed away yesterday at the age of 98. 
 
 <div type="image" title="D8CE0603-CB95-448A-92AA-3473AE0C12E6_edited" msid="70068155" hostid="261" caption="&amp;lt;p&amp;gt;The grandsons of KK Birla, CS Nopany and Kumar Mangalam Birla carries the mortal remains with BK Birla watching&amp;lt;/p&amp;gt;"></div>




 BK Babu as he was lovingly called, is known to have fought and won many internal battles to take the group started by his great-grandfather to new heights. The first was taking manufacturing to Ethiopia, and its most illustrious one was to convince his father, G D Birla to enter the tea plantation business. 
	
 
 <div type="image" title="A98FD1D2-B3A5-45F8-8656-149CCC5E8C78_edited" msid="70068192" hostid="261" caption="&amp;lt;p&amp;gt;Rituals are being performed at B.K Birla&amp;#39;s house, in Kolkata&amp;lt;/p&amp;gt;"></div>





 This legacy came to an end on July 3 due to age-related ailments. The man who knew ‘hisab-kitab’ However, BK Babu was as industrious as he was full of fire and risks. And, he started young. A 13-year old BK was chided by an uncle about earning pocket money, and that led him to invest in shares. Within a year, he made Rs 4,000 profit. Needless to say, this budding genius was inducted into the family business, the very next year, kick starting his illustrious journey. Though he missed college, his family taught him the basics of business which is ‘hisab kitab’ or accounting. He wrote in his autobiography, Swanta: Sukhaya (For my Happiness Only) that he was put through a one-year programme learning accounting, keeping books and understanding bank statements. So deft was BK at this, that his employees could never ‘pad’ books, as he would catch any fudged number, immediately! He is known to go through his books in the middle of the month, a life-long discipline that he adhered to. Keeping his books clean, was one thing that ensured that there no big trouble at his companies. Love for photography BK was not all about business, though he attended office well into his 80s, on the fifteenth floor of Birla Building at BBD Bagh in Kolkata ---as he continued to remain the chairman of many companies in the group’s pulp to cement businesses. 
	
He was an avid photographer who carried on his passion well into his sixties. He is also a patron of arts and he and his wife Sarla helped set up the Birla Academy and an auditorium Kalamandir, a legacy which will remain long after he is gone. He is survived by his daughters and a grandson. His son, the father of Kumar Mangalam Birla, Aditya Vikram Birla, passed away in 1995. B K Birla’s funeral will be held on Thursday in Kolkata, as per his last wishes.

India’s business icon BK Birla passes away at 98 leaving behind a legacy of calculated risks

Top 25 richest people in India in 2024

<ul><li>Both <keyword id="799" type="General" weightage="20" keywordseo="pvr" source="Orion">PVR</keyword> and <keyword id="6407732" type="General" weightage="20" keywordseo="inox" source="Orion">INOX</keyword> reported their best ever quarterly performance in the June quarter of the current fiscal year.</li><li>The duo need a few big Bollywood films to keep audience from coming in, if they want to maintain their growth.</li><li>Most big budget Bollywood movies over the past few months have been duds at the boxoffice.</li></ul>Shamshera, Samraat Prithviraj and Jayeshbhai Jordaar have something in common. They aren’t just the latest Bollywood movies that couldn't bring Indians back to theatres — they’re also three successive releases of A-listers that have flopped. This lack of enthusiasm for Bollywood is not just affecting the actors and producers but also movie theatres which are banking on superhits to get back in the black – after a long period of pandemic-induced shutdown. Brokerage firms are worried that more Bollywood releases might not enthuse the OTT-saturated public to go to the theatres. It will affect footfalls, and have a cascading effect on ad revenues, the theatre chains’ ability to go in for price hikes and more. Several analysts quizzed Inox’s director Siddharth Jain about the same during the quarterly earnings conference call. Jain emphasised multiple times that bad movies would not have an impact on the footfall for its business. “Q1 [April to June] has been great but after that few movies have not done well. That does not mean that people will shy away from coming to the theatres… One or two movies not working, or one month not doing well, does not mean that people will refrain from coming to the theatre to watch a movie or the entire pipeline is bad,” he said. Yet, analysts are not mollified. They do not believe that the audience is ready to go back to watch ‘average movies’, especially since they’re spoilt for choice by multiple OTT options, in addition to traditional TV. When big movies flop, theatres lose as much as producers. “The most prioritized goal for multiplexes like PVR and INOX is to fill the theatre with audiences to maximise their profit. But flop movies fail them to accomplish this goal. Being the distributor, they face no less amount of loss than the producers,” Manoj Dalmia, founder and director of Proficient Equities Private, told Business Insider India. <cmsannotation type="cmsannotation" annotationid="Lockdown boredom plus content equals footfalls" comment="subhead" text="Lockdown boredom plus content equals footfalls">Lockdown boredom plus content equals footfalls</cmsannotation> PVR’s CEO Kamal Gianchandani, in the company’s post-earnings <a href="https://www.bseindia.com/xml-data/corpfiling/AttachHis/ccbc2ff2-f647-49e5-893e-bf7bad7b9096.pdf">analyst call</a> held on July 25, however said he believed that their first-quarter performance was a combination of people bored of lockdown ‘going out’ as well as content. He emphasised that the quality of movies that came out between April and June was “exceptional” and that had a big role to play in people’s enthusiasm for watching movies in theatres. “The consumer appeal for movie theatres is very much intact and it’s also the quality of content,” he noted. The theatres did a stellar March business thanks to South hits like KGF and RRR in addition to Kashmir Files and Gangubai Kathiawadi. In spite of the sales, the two listed movie chains — Inox and PVR both posted net losses for the first quarter of ₹239 crore and ₹478 crore in the fourth quarter, respectively. They’re still on the road to recovery and for that, they need more ‘recovery worthy movies’, and that can only come from Bollywood. According to analysts, while South movies helped in the past, only big Bollywood movies that are released across multiple screens can bring them the recovery that they need. <table style="border-width: initial; border-style: none;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Movies Releases </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Release Date </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Opening Day </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Lifetime earning, as on August 1 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Shamshera </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">July 22, 2022 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹10.25 Crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹45 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Thank You </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">July 22, 2022 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹4.5 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹9.43 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Vikrant Rona </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">July 28, 2022 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹35 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹110 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Ek Villain Returns </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">July 29, 2022 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹7.95 Crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹26.5crore </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table>Source: Bollywood Hungama, Media Reports <cmsannotation type="cmsannotation" annotationid="Time for Bollywood to step up" comment="subhead" text="Time for Bollywood to step up">Time for Bollywood to step up</cmsannotation> Both the companies have been pinning their hopes on movies like <keyword id="7432923" type="General" weightage="20" keywordseo="laal-singh-chaddha" source="Orion">Laal Singh Chaddha</keyword>, <keyword id="6385850" type="General" weightage="20" keywordseo="raksha-bandhan" source="Orion">Raksha Bandhan</keyword>, <keyword id="4632769" type="General" weightage="20" keywordseo="liger" source="Orion">Liger</keyword>, <keyword id="1501412" type="General" weightage="20" keywordseo="brahmastra" source="Orion">Brahmastra</keyword> and Vikram Vedha to help maintain footfalls in the ongoing July-September quarter. “The movies are looking good in August, and in September we also have some great movies lined up. And I am very hopeful that these movies will be treated well at the boxoffice,” Inox’s Jain noted. Aamir Khan’s Laal Singh Chaddha has already started to draw some criticism for <a href="https://www.timesnownews.com/entertainment-news/kangana-ranaut-targets-aamir-khan-ahead-of-laal-singh-chaddhas-release-says-he-gave-biggest-hits-even-after-hinduphobic-pk-calling-india-intolerant-article-93320043">various reasons</a>. Meanwhile, calls to boycott Akshay Kumar-starrer Raksha Bandhan were also made on <a href="https://www.india.com/entertainment/boycott-raksha-bandhan-movie-akshay-kumar-film-trending-twitter-kanika-dhillon-heres-the-reason-5550340/">Twitter earlier</a> on August 4. Going by the trend, many big releases across multiple screens and languages have flopped badly in the last six months – be it Kangana Ranaut’s Dhaakad, Akshay Kumar’s Bachchan Pandey or Prabhas’ Radhe Shyam. Ranveer Singh’s 83 did average business, while Puspa released along with it, was the lone outlier that was a superhit. As per PVR’s own admission, in spite of high expectations of blockbuster performance from movies in the pipeline, they do not expect a full recovery for another six months. “Our sense is, by December of this year, where we have had a big run of films, effectively recovery should take shape fully because you must also understand that in a country like India, there is a very large segment of people who show up at the theatres only once or twice a year,” Nitin Sood, CFO of PVR, said. This whole struggle is inextricably tied to already low ad revenue, which is a big part of revenue for any multiplex business. Both PVR and INOX, despite a strong movie pipeline in Q1, have not yet reached their pre-Covid ad revenue figures. Reaching there will depend on good content. “Good content is very important for a client, because he knows that content will have footfall and there will be more people seeing his ads. There will be more eyeballs watching his ads,” Jain added. Till the movies release, it will be a wait-and-watch game to see if Bollywood delivers the blockbusters that the theatres desperately need. SEE ALSO <a href="https://www.businessinsider.in/retail/news/aditya-birla-fashion-records-its-highest-ever-q1-sales-hopes-q2-to-be-bigger/articleshow/93374170.cms">Aditya Birla Fashion records its highest ever Q1 sales, hopes Q2 to be bigger</a> <a href="https://www.businessinsider.in/finance/news/its-time-to-shift-to-fixed-home-loan-rates-say-experts-after-third-rate-hike-in-4-months/articleshow/93371845.cms">It’s time to shift to fixed home loan rates, say experts after third rate hike in 4 months</a> <a class="tout-title-link" href="https://www.businessinsider.in/india/news/indian-consumers-are-packing-their-bags-to-travel-to-goa-and-bali/articleshow/93393370.cms">August has a long weekend and Indian consumers are packing their bags to travel to Goa and Bali</a>

You Searched For "Aditya Vikram Birla" and got 6 results

Aryaman Birla adds premium restaurants like Hakkasan, Yauatcha to group’s hospitality portfolio

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Kumar Birla who multiplied his group’s wealth over 26 times , is now facing tough times after Jio’s entry

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7 inspiring stories of the early lives of India’s most successful people

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India’s business icon BK Birla passes away at 98 leaving behind a legacy of calculated risks

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Top 25 richest people in India in 2024

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Bollywood’s flops now pose a big risk to multiplex chains

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