Inspiring Success Story of Anil Agarwal: Founder and Chairman of Vedanta Resources
Anil Agarwal was born in the lower-middle-class Marwari family on 24th January 1954 in Patna, Bihar. The financial condition of his family was not that strong. His father’s name is Dwarka Prasad Agarwal and he had a small aluminum conductor business.
After leaving his father’s aluminium conductors making business, he came down to Mumbai as a scrap dealer to build an empire in aluminum, copper, zinc, and iron in 1976.
He studied at Miller High School, Patna and matriculate from Sir Ganesh Dutt Patliputra High School. He left school at 15 and decided to join his father’s business of making aluminum conductors instead of going to university.
At the age of 19, Anil left Patna for Mumbai to explore career opportunities. Anil Agarwal is a devotee of the Hindu God Krishna and is a strict vegetarian.
He enjoys cycling. Anil Agarwal is married to Kiran Gupta, his fellow cyclist, and family friend. The couple has a daughter named Priya and a son named Agnivesh and now lives in London.
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Anil received his Bachelor of Engineering (B.E) degree from the Malaviya Regional Engineering College, Jaipur. He began collecting scrap metal from cable companies in other states and selling it in Mumbai.
Anil Agarwal founded Hamsher Sterling Corporation, a business operating in the Industrial sector and a manufacturer of enameled copper, among other products, with a bank loan In 1976. Then he founded Vedanta Resources and developed.
He set up Sterlite Industries to manufacture jelly-filled cables in 1986. In 1993, the company became the 1st private sector company in India to set up a refinery.
Sterlite Industries acquired Madras Aluminium in 1995. In 2001, Anil Agarwal acquired a 65% stake in state-run HZL (Hindustan Zinc Limited) and acquired a 51% in Bharat Aluminium Company (BALCO), a public sector undertaking.