[6] The company with 20,000 employees is primarily owned by the family of Anil Agarwal through Volcan Investments, a holding vehicle with a 61.7% stake in the business.
[8] Vedanta was listed on the London Stock Exchange and was a constituent of the FTSE 250 Index until chairman, Anil Agarwal's offer to take the company private went unconditional in September 2018.
This includes ownership by and "Westglobe limited", "Twinstar holdings", Finsider international and mutual funds (ICICI Prudential), foreign portfolio investors (17%), LIC India (6%) and Citibank New York (4%).
[29] In 1992, Anil Agarwal created the Vedanta Foundation as the vehicle through which the group companies would carry out their philanthropic programs and activities.
Among his inspirations, Agarwal counts Andrew Carnegie and David Rockefeller who built public works with their fortunes, and Bill Gates.
[31][32] 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.
[37] In January 2009, thousands of locals formed a human chain around the hill in protest at the plans to start bauxite mining in the area.
[38] The Union Environment Ministry in August 2010 rejected earlier clearances granted to a joint venture led by the Vedanta Group company Sterlite Industries for mining bauxite from Niyamgiri hills.
[40] It was reported in August 2015 that villagers in Chingola, Zambia can smell and taste toxic pollution/leaks from the largest copper mine in Africa owned by KCM.
[43] Vedanta Resources was ranked as "the worst of the 12 biggest diversified miners at reducing emissions and planning for climate change", according to the Digging Deep report (CDP).
[44] A chimney under construction by Gannon Dunkerley & Company at the Balco smelter in Korba, Chhattisgarh collapsed on 23 September 2009, killing at least 40 workers.
The sub-committee has found "blatant violations" of environmental regulations and grave concerns about the impact of the Niyamgiri mine on both the environment and the local tribal population.
[50] The Director of Survival International, Stephen Corry, said, "The Church’s unprecedented and very welcome decision sends a strong signal to companies that trample on tribal peoples' rights: we will not bankroll your abuses.
"[51] Vedanta responded by expressing disappointment at the church's actions, and that it is "fully committed to pursuing its investments in a responsible manner, respecting the environment and human rights".
[56] A four-member panel set up by the government of India in the Ministry of Environment and Forests investigated the bauxite mining proposal over Niyamgiri near Lanjigarh in the districts of Kalahandi and Rayagada in Orissa.
[57] Based on a panel report, the government of India has served a show cause notice on the company on why its Stage I environment clearance should not be cancelled.
[59][51][40][39] In concluding the same litigation in 2019, the Supreme Court of the United Kingdom confirmed that Vedanta could be sued in England concerning business liability for human rights violations and environmental damage.
[60][61] In July 2010, Sterlite Industries, a subsidiary of Vedanta Group, received a tax notice of about ₹3.24 billion (US$37 million), and was charged with violating several rules by the excise department in India.