The document provides a biography of Anil Agarwal, founder and chairman of Vedanta Resources Plc. It details his early life growing up in India and starting a business trading scrap metal. It outlines his acquisition and expansion of companies in metals and mining, including establishing the first private copper smelter in India. This led to the creation of Vedanta Resources through acquisitions across base metals and oil and gas. While based in London, Agarwal's operations remain focused on India. The document closes with some honors received but also notes Vedanta was stripped of safety awards after an industrial accident in India.

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Anil Agarwal
Founder and Chairman of Vedanta Resources Plc.
Anil Agarwal is the founder and Chairman of Vedanta Resources Plc, which he
controls through Volcan Investments, a holding vehicle with a 61.7% stake in the
business.
Early life:
He was born and brought up in Gawaspur Patna, India. He studied at Miller High
School but quit school at 15 to join his father's business, making aluminium
conductors. At 19, he left Patna for Mumbai (then Bombay) to explore career
opportunities.
Career
In the mid-1970s, he began trading in scrap metal, collecting it from cable companies in other states and selling it in
Mumbai. In 1976, Anil Agarwal acquired Shamsher Sterling Corporation, a manufacturer of enameled copper, among
other products, with a bank loan. For the next 10 years, he ran both businesses.
In 1986, he set up a factory to manufacture jelly-filled cables, creating Sterlite Industries. He soon realized that the
profitability of his business was volatile, fluctuating with the prices of his raw materials: copper and aluminium. So he
decided to control his input costs by manufacturing the metals instead of buying them.
In 1993, Sterlite Industries became the first private sector company in India to set up a copper smelter and refinery. In
1995, Sterlite Industries acquired Madras Aluminium, a ‘sick’ company that had been shut down for 4 years and held by
the Board for Industrial and Financial Reconstruction (BIFR). The next step of the backward integration process seemed
natural: mining.
His first opportunity came when the government announced a disinvestment program. In 2001, he acquired 51 percent in
Bharat Aluminium Company (BALCO), a public sector undertaking; in the very next year, he acquired a majority stake
(nearly 65 per cent) in state-run HZL. Both the companies were considered sleepy and inefficient mining firms.
To access international capital markets, Anil Agarwal and his team incorporated Vedanta Resources Plc in 2003. At the
time of its listing, Vedanta Resources Plc, was the first Indian firm to be listed on London Stock Exchange, on December
10, 2003, Vedanta Resources became the parent company of the group through a process of internal restructuring of group
companies and their shareholding.
In 2004 Vedanta Resources Plc announced a global bond offering and acquired Konkola Copper Mines in Zambia, Africa.
In 2007, Vedanta Resources acquired a controlling stake in Sesa Goa Limited, India’s largest producer-exporter of iron ore,
and in 2010, the company acquired South African miner Anglo American’s portfolio of zinc assets in Namibia, Ireland and
South Africa. The next year, Vedanta Resources acquired controlling stake in Cairn India, India’s largest private sector oil-
producing firm. The merger of Sesa Goa and Sterlite Industries was announced in 2012, as part of the Vedanta Group’s
consolidation.
Vedanta Resources, headquartered in London, is a globally diversified natural resources conglomerate, with interests in
zinc, lead, silver, copper, iron ore, aluminium, power generation, and oil and gas. The greatest share of its assets, however,
is in India; Agarwal lives in London, but as he has reiterated often, his heart and soul are in India. His philanthropic
activities are targeted at eradicating poverty, by creating jobs and contributing to India’s GDP growth through his business
operations.
Honours and Awards
 The Economic Times, Business Leader Award – 2012
 Mining Journal Lifetime Achievement Award – 2009
 The Ernst &Young Entrepreneur of the Year - 2008
Vedanta was stripped of international safety awards after it was found it failed to declare its involvement one of the worst
industrial accidents in India's history.