New Vice-Chairman For Century

K.M.Birla Now Vice-Chairman of  B.K.Birla's Century Textiles and Industries

Century Textiles and Industries' Board Of Directors has appointed Kumar Mangalam Birla, Chairman of the Aditya Birla group, as Century’s Vice-Chairman. K.M.Birla, is the grandson of B.K.Birla, who is the Chairman of Century Textiles and Industries. Prior to this appointment, K.M.Birla was a director on Century’s board.

Century Textiles and Industries has a big cement business, apart from textiles and real estate in Mumbai. According to cement industry sources, Century  could be merged with UltraTech Cement, owned by the Aditya Birla group. UltraTech is India's largest cement company, with a capacity of 67.7 MPTA. 

Century Textiles has a cement capacity of 12.8 MPTA, while Kesoram Industries has a cement capacity of 7.25 MPTA. Both these cement companies form part of the B.K.Birla empire.

In recent years, cement industry insiders say that the Aditya Birla group companies had increased their stakes in Century Textiles and Industries, from 45 % to 50 %.