Aditya Non-executive Chairman Kumar Mangalam Birla

Aditya Non-executive Chairman Kumar Mangalam Birla

Kuni Takahashi/Bloomberg

Kumar Mangalam Birla, non-executive chairman of Aditya Birla Nuvo Ltd. Birla’s Aditya Birla Group and Religare Enterprises Ltd., controlled by the billionaire brothers Malvinder and Shivinder Singh, said they will apply for licenses.