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Against the speculation that he would take charge of Kesoram Industries Limited, Aditya Birla Group Chairman Kumar Mangalam Birla said he had no plan as of now to enter the board of Kesoram.
Talking to reporters on the sideline of the 28th Annual National Conference of National Institute of Personnel Management, he said, "We have no plan as of now to enter Kesoram board." The speculation gained fuel when Basant Kumar Birla, Chairman of Kesoram Industries and grandfather of Kumar Mangalam Birla, had expressed wish that his grandson would enter the board while addressing shareholders at the 90th Annual General Meeting (AGM) of the company in 2009.
"After me, Kumar Mangalam will take charge of this company," the senior Birla had said without mentioning any timeframe regarding the same. "I had been asking Kumar to take charge of the companies (B K Birla Group) in the next two to three years, but he is not listening," the 88-year-old B.K. Birla added.
Speculation was rife that the senior Birla would soon hand over the charges of various groups of companies to Kumar Mangalam, son of late Aditya Vikram Birla. Kesoram Industries is engaged in the manufacturing of tyres, tubes, cement and rayon yarn.
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