Sterlite Industries of India Limited and Vedanta Aluminium Limited (VAL) are subsidiaries of Vedanta Resources Plc, a publicly-traded British metals and mining company owned principally by London-based industrialist Anil Agarwal. Patna-born Agarwal started out as a scrap metal merchant in the 1970s in Mumbai. In 1983, he set up a small copper cable manufacturing unit. In 1998, his company, now called Sterlite, cashed in on the telecommunications boom in India, supplying copper cables to telecom companies, and raked in Rs 20 crore in profits.