Deals

Acquisitive Indian Billionaire Says He's Hungry for Deals

Birla says he’s looking at targets in U.S., Europe and India
Tycoon says India’s economy is elephant that’s starting to run

Kumar Mangalam Birla talks about the nation’s economy, the local currency, and the prospects for his businesses. (Source: Bloomberg)

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By Bhuma Shrivastava, Haslinda Amin, and Swansy Afonso

September 18, 2018 at 2:45 PM UTC

Updated on

September 19, 2018 at 7:44 AM UTC

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Kumar Mangalam Birla, the billionaire chairman of the acquisitive Indian conglomerate that bears his name, said he’s hungry for more deals after creating the nation’s biggest mobile-phone operator.

His Aditya Birla Group continues to look for targets in the U.S., Europe and India that make business sense and are likely to add value, the 51-year-old said at Bloomberg’s India Economic Forum on Sept. 18 in Mumbai. He didn’t specify any names.