XPRO India - Naam suna hai kya?

By Research Desk
about 3 years ago

Xpro India Limited forms an integral part of India's largest and most reputed Industrial House with a global presence in manufacturing and trading activities - the BIRLA Group, a conglomerate comprising of many divisions, each consisting of a number of publicly-listed Companies and headed by a member of the Birla Family.

We are not saying this. This is what the website of Xpro india is saying. Mr Sidharth Kumar Birla is the Promoter and Executive Chairman of Xpro, with promoter stake of 50.02%. M cap of Xpro is at sub Rs. 25 cr, with net worth at Rs. 75 cr. Last dividend paid by Xpro was Re. 1 in the year 2013, being 10%. Sidharth is the Grandson of elder son (Late Shri LN Birla) of visionary Shri G.D. Birla.  Incidentally, Kumar Mangalam Birla is also the Grandson of youngest son (Late Shri B.K.Birla) of visionary G.D.Birla. But no common ownership of the companies between Sidharth and KM Birla exist.

Birla Family is now having different Groups like AV Birla Group (Hindalco & Ultratech), CK Birla Group (Orient Cement & Birlasoft), KK Birla Group (Sutlej & Zuari), BK Birla Group (Century Textiles and Mangalam Cement), MP Birla Group (Birla Corp & Birla cable), Yash Birla Group (Zenith Steel & Birla Transaia) and Sidharth of Xpro.

Day dreaming is not good. More especially, when the largest group of the country is seen legal savvy, who may file Damages suit, for claiming India's largest, if not reputed, atleast.

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