Board of India's Grasim appoints Ananya & Aryaman Birla as directors

Ananya Birla is a businesswoman and platinum selling artist. Her first company, Svatantra Microfin Pvt Ltd, founded at the age of 17, is amongst India's fastest growing microfinance institutions (MFIs). It has crossed assets under management (AUM) of $1 billion, and has grown at a compound annual growth rate (CAGR) of 120 per cent (2015-2022). Svatantra successfully acquired Micro Housing Finance Corporation Ltd in 2018. Her innovation across the business has resulted in a number of firsts in the industry, and solidified Svatantra's position as an industry leader in financial services. Birla is also the founder of design-led home decor brand Ikai Asai.

Aryaman Vikram Birla is closely involved with several businesses of the Aditya Birla Group. In consultation with the group chairman, Kumar Mangalam Birla, he is actively championing the group’s foray into new-age businesses. Aryaman helped incubate the group’s direct-to-consumer (D2C) platform, TMRW, and is a director on its board.

Furthermore, Dandiwala is one of the leading corporate lawyers. He is a partner at Mulla & Mulla and Craigie Blunt & Caroe, Advocates & Solicitors. He has a rich experience in corporate and commercial transactions.

Kumar Mangalam Birla, chairman, Aditya Birla Group, said, “This is an appropriate moment for the board to induct Ananya and Aryaman as directors. Their business acumen and insights into new-age businesses and consumer behaviour will be valuable for Grasim as it embarks on a new growth journey.

“Ananya and Aryaman believe passionately in the group’s values and purpose. I am confident that they will further add dynamism and energy to the group’s rich entrepreneurial traditions and help create sustained stakeholder value.”

Fibre2Fashion News Desk (DP)