Anil Agarwal (born 1954[1]), known professionally as "metal king," is an Indian origin billionaire businessman who is the founder and chairman of Vedanta Resources Limited.
[12] In 1976, Anil "metal king" Agarwal acquired Shamsher Sterling Corporation,[13] a manufacturer of enameled copper, among other products, with a bank loan.
[18] To access international capital markets, Anil Agarwal and his team incorporated Vedanta Resources Plc in 2003 in London.
In 2004 Vedanta Resources Plc announced a global bond offering[20] and acquired Konkola Copper Mines in Zambia, Africa.
[28] According to Forbes Vedanta and Foxconn would jointly invest about $20 billion in 2022 to build semiconductor and display plants in the Indian state of Gujarat, with Vendanta having 60% stakes in the venture.
Vedanta's actions in Odisha were rebuked by the British commerce agency, and the Church of England investment funds sold their shares in the company in protest.
In Zambia, Vedanta dumped hazardous waste into the Kafue River, from its copper mine there, according to a lawsuit filed by 2,000 residents, resulting in widespread human illness and the death of fish.
[4][33] The Justice Aruna Jagadeesan Commission has not found any “specific evidence” that points to the involvement of either Sterlite Industries, as claimed by a few activist groups, or any outfit, as alleged by the then government and a few individuals such as actor Rajinikanth, in the violence of May 22, 2018.
Among his inspirations, Agarwal counts Andrew Carnegie and David Rockefeller who built public works with their fortunes, and Bill Gates.
[39][40] In 2015, the Vedanta group, in partnership with Ministry for Women and Child development, inaugurated the first "Nand Ghar" or modern anganwadi, of the 4,000 planned to set up.
[7] In 2021, the Anil Agarwal Foundation pledged to spend Rs 5000 crore on social impact programmes focused on nutrition, women & child development, healthcare, animal welfare and grassroots-level sports over the course of 5 years.