Avanti birla shloka edutech
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Opening
Opening
The oak-panelled conference room at Mumbai’s century-old family-owned Industry House has witnessed generations of the enterprising Birla family members preside over meetings. Surrounded by the omniscient presence of his larger-than-life clan’s accomplishments, stands Nirvaan Birla, the second son of Yashovardhan, or Yash—as he is popularly known—Birla, chairman of the Yash Birla Group.
While being a success story in its own right, Nirvaan’s journey as an entrepreneur is interestingly intertwined with that of his father’s.
When the Mumbai-based conglomerate entered the education sector in 2008, rather than opening schools left, right and center, under the aegis of Birla Edutech, Yash Birla gradually established 17 schools across India. After Nirvaan decided to take charge of this business post his return from the US in 2017, much like father Birla, he had an eye on long-term prosperity, underpinned by the emo
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Amid threat of arrest, family comes to Yash Birla’s rescue
Sources said both Narayan Baheti and Avanti told officers Rs 25 crore has already been arranged to honour the deposits and that more assets would be liquidated to raise cash, if needed.
The family has begun rallying behind industrialist Yash Birla, who faces arrest in a case involving default on repayments on fixed deposits made in one of his companies.
A few days after his socialite wife Avanti met senior Economic Offences Wing officers with an assurance that all deposits will be honoured, Birla’s maternal uncle Narayan Baheti visited the EOW offices at Crawford Market on Tuesday with a promise that money would be soon raised to pay all depositors.
The EOW recently began tightening the grip around Birla Power Solutions Limited, which has defaulted on deposits worth Rs 20 crore, and there are enough indications that Birla’s arrest is imminent.
Additional Commissioner of Police Rajvardhan on Thursday confirmed