Billionaire Birla Sees Consumer Business Reaching $25 Billion

Billionaire Kumar Mangalam Birla expects the consumer business of his $65 billion metals-to-fashion conglomerate growing to $25 billion in the next five years as he starts selling gold jewelry in the world’s second-biggest bullion market.

“Around 20% of our Group’s revenue today comes from consumer businesses,” Birla, chairman of the Aditya Birla Group, said. “And I believe this will increase to over 25% over the next five years to reach about $25 billion.”

The group will invest 50 billion rupees ($597 million) in the jewelry business, launched Friday under the brand Indriya, Birla said. It aims to secure a ...