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Yash Birla Group
Indian industrial conglomerate
Yash Birla Group
Yash Birla Group is Indian industrial conglomerate group based in Mumbai, Maharashtra. Its chairman Yashovardhan Birla, is a member of the Birla family. The group has diversified interest in industries like steel pipes, machine tools, cutting tools, tool holders, iron castings, power solution products, multipurpose engines pumps, electrical appliances, textiles, carpets, furnishing, lifestyle, infotech, publication, travel, electricity, property development, cotton ginning etc. The Group traces its origins to the businesses started by various members of the Birla family. The group today has 10 publicly listed subsidiaries in India. The group is currently facing major financial and legal bottlenecks. In June 2013, the group was declared a Non Performing Asset (NPA) account for non payment of dues. Further in 2016, UCO Bank also published a notice indicating Birla as defaulter. On 16 June 2019, he was declared wilful defaulter by the bank with outstanding dues of over 67 crores.`
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