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- Anil Agarwal pledges 75% of his wealth to charity
- Metals trader Anil Agarwal controls London-listed, $14 billion (revenues)
- The founder of Vedanta Resources and Sterlite Industries- Record production at oil explorer Cairn India, chaired by brother Navin. Children: 2
UPDATED:
- May 26 2016: Net Worth 1.62 Billion-UK NRI Anil Agarwal, metals magnate, shares of his London-listed Vedanta Resources plunged on falling commodity prices.
- Jan 15, 2015: Metals and mining conglomerate Vedanta Resources can make fresh investments of over USD 30 billion in India if the investment climate in the country remains positive, its chief Anil Agarwal said today.
- September 27, 2014, Anil Agarwal pledges 75% of his wealth to charity. Took the decision to give away his wealth following a meeting with Bill Gates.
- Vedanta group Chairman Anil Agarwal will give away 75 per cent of his wealth of $3.5 billion (about Rs 21,000 crore) to charity, which would make him corporate India’s biggest donor to society-towards eradication of poverty, child welfare and women empowerment will be our focus for communities at large in our country. I am keen to invest and create a world-class, not-for-profit university in India
- March 2013: Net Worth: $3.4 B.
- March 2012: Anil Agarwal, 58, India Citizenship, Residence: London, United Kingdom
- Net Worth$3.5 B .
Source of Wealth: Mining, metals, Self-made
Forbes Lists
#314 Forbes Billionaires,
#15 in India
Former trader of scrap metals Anil Agarwal runs London-listed, $11.4 billion (revenues) Vedanta Resources whose stock nearly halved in past year. He bought its shares in bid to boost investor confidence after government stopped company from mining bauxite in eastern India following protests over its mining practices. Expanded into oil: his deal to buy a 59% stake in Cairn India, which owns country's biggest onshore oilfield, finally secured crucial approval from government after objections from state-owned oil explorer ONGC caused delay. Brother Navin is now chairman of oil outfit and daughter Priya sits on its board. Recently announced plan to merge Indian units Sesa Goa and Sterlite
Industries. His much-touted Vedanta University, to which he pledged $1 billion, is stalled owing to problems related to land acquisition
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SHARES
PLUNGED- after NRI's Sterlite Industries of India bought US-based
copper producer Asarco ....Read
Bhubaneswar,
Jan 17, 2009: Orissa tribal group
protest against UK NRI Company - Hundreds
people of tribal group (Dongaria Kondhs) in the Kalahandi District
demonstrated against Bauxite Mining Project along with the Lanjigarh
alumina refinery at Lanjigarh.....Read
New Delhi, Oct 24, 2008
After meeting with invetors, Sterlite Industries,
Vice-Chairman Navin Agarwal, UK based NRI said, "We are not
willing to pay USD 2.6 billion for the deal."
Five months back,Vedanta group agreed to buyout
Asarco and it was the largest transaction in foreign country by
an Indian company, owned by NRI.
Vedanta Group CFO Tarun Jain said, "The USD
50 million which the company had paid at the time of entering
into the definitive agreement might be at risk if a new deal does
not materialise"
Experts said, Navin Agarwal had asked Asarco to
review the valuation of the deal because of financial crisis and
falling copper price LAST WEEK
NRI
billionaire Anil Agarwal''s Sterlite Industries Q2 net up Rs 1,721
cr (up 9%)
Mumbai, Oct 23, 2008
Sushi Sharma
NRI billionaire Anil Agarwal's company, Vedanta Group firm Sterlite
Industries announced, net profit for the July-September quarter
Rs 1,720.81 crore up by 9.34 per cent corresponding period a year
ago.
Anil Agarwal had made about USD 2.6 billion bid for the US-based
metal producer Asarco and his company's standalone income increased
to Rs 3,757.95 crore in the second quarter of financial year 08,
from Rs 3,544.62 crore in the same period last fiscal.
The company posted a consolidated total income of Rs 12,615.99
crore during first six-month of this fiscal, from Rs 12,927.45
it reported in the year-ago period.
Anil said he will stick to its over USD nine-billion expansion
plan.
Anil Agarwal
becomes Executive Chairman of Vedanta
Worth 700 million pounds
London, Mar 25, 2005
Leading NRI businessman Anil Agarwal has assumed charge as the Executive
Chairman of Mumbai-based Vedanta Resources following the resignation
of French Mining expert Michael Fowle from the post.
"While the board notes that the appointment of Anil Agarwal
as chairman is not in compliance with the revised combined code,
it believes that the new structure better reflects the needs for
the development of the group and makes best use of the talents within
our team," the company said.
"The board will have a healthy balance with a majority of
non-executives." Fowle, a former KPMG partner, has resigned
from the board. A second independent director Jean Pierre Rodier
has also left less than a year after joining the company, a spokesman
said.
Agarwal, who is worth 700 million pounds, controls 55 per cent
of Vedanta's shares. He said he would step back from management
and concentrate on expanding the business.
"I look forward to focusing on the exciting opportunities
available to the group in India," he said.
Fowle had departed amicably with one year's remuneration, 250,000
pounds. He is 65, the spokesman said declining to say why Rodier
had left.
The reshuffle gives the company its third chairman in two years.
Brian Gilbertson, a South African, who merged Billiton with BHP,
chaired the company during its listing on the London Stock Exchange
in December, 2003.
The chief operating officer Kuldip Kaura has been appointed chief
executive and a board member, Euan Macdonald, formerly with HSBC
in India, has been made a director. PTI
Anil Agarwal, Indian entrepreneur
set to join Britain's billionaire club
Nov. 18, 2003
Anil Agarwal, Indian entrepreneur is about to become one of
the wealthiest businessmen on the London stock market.
He is likely to get a paper fortune of at least
£800 million when he floats his mining company Vedanta.
Agarwal has bought a £20 million home in
London's Mayfair, is applying to become a British resident. When
his other assets are included, he should appear in the billionaire
league and be one of Britain's top 20 richest individuals.
The float of Vedanta will be the biggest listing
in the City this year and will be the first primary listing of
an Indian firm in the London market. Agarwal family owned 100
per cent of this company and estimated to be worth between USD
1.3 billion and USD 1.4 billion.
Brian Gilbertson, the group's non-executive chairman
and one of the world's most experienced mining executives, will
be paid about £250,000 a year
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