Billionaire Birla Sees His Consumer Business Growing to $25 Billion in Next 5 Years

Billionaire Kumar Mangalam Birla expects the consumer business of his $65 billion metals-to-fashion conglomerate growing to $25 billion in the next five years as he starts selling gold jewelry in the world’s second-biggest bullion market.

“Around 20% of our Group’s revenue today comes from consumer businesses,” Birla, chairman of the Aditya Birla Group, said. “And I believe this will increase to over 25% over the next five years to reach about $25 billion.”