Grasim Industries

Grasim Industries Limited
public company (BSE: 500300) (NSE: GRASIM)
Industry VSF, chemicals (Chlor-Alkali-s), cement producer and Diversified Financial Services (NBFC, Asset Management and Life Insurance)
Founded 1948 (1948) in Mumbai
Headquarters Mumbai, Maharashtra, India
Area served
 Global
Key people

Kumar Mangalam Birla
(Chairman)

Dilip Gaur (MD) [1]
Products Fibre and pulp, chemicals, cement and textiles
Revenue ₹56,162 crore (May 2018)[2]
₹4,707.53 crore (May 2018)[2]
Number of employees
 8,669 (as on 31st March 2017)[3]
Parent Aditya Birla Group
Subsidiaries UltraTech Cement
Grasim Bhiwani Textiles
Aditya Birla Capital
Aditya Birla Payments Bank
Website www.grasim.com

Grasim Industries Limited is an Indian manufacturing company based in Mumbai, Maharashtra. Grasim Industries was ranked 154th in a list of the world’s best regarded firms compiled by Forbes.[4] It was started in 1948 as a textile manufacturer. Since then Grasim has diversified into Viscose Staple Fiber (VSF), cement, sponge iron, chemicals[5] and Diversified Financial Services (NBFC, Asset Management and Life Insurance).

The company is a subsidiary of Aditya Birla Group, which operates over 40 companies in 12 countries on four continents. Grasim is the world's largest producer of viscose rayon fiber with about 24% market share. Textile and related products contributes to 15% of the group turnover.

History

Grasim Industries Limited was incorporated in 1948; Grasim is the largest exporter of Viscose Rayon Fiber in the country, with exports to over 50 countries. Grasim is headquartered in Nagda, Madhya Pradesh and also has a plant at Kharach (Kosamba, Gujarat) and Harihar, Davangere in the state of Karnataka

Indo-Thai Synthetics Company Ltd was incorporated in 1969 in Thailand, started operations in 1970, this was Aditya Birla Group's first foray into international venture. Aditya Birla Group incorporated P.T. Elegant Textiles in 1973 in Indonesia. Thai Rayon incorporated in 1974, this was the second company in Thailand, operating in Viscose Rayon Staple Fiber. Century Textiles Co. Ltd. is taken over by Aditya Birla Group in 1974; this company is a weaving and dyeing plant manufacturing and exporting variety of synthetic fabrics. PT Sunrise Bumi Textiles incorporated in 1979, it produces yarn exported over 30 countries in 6 continents. P.T Indo Bharat Rayon incorporated in 1980 produces Viscose Staple Fiber in Indonesia. Thai Polyphosphates and Chemicals was started in 1984 in Thailand to produce Sodium Phosphates, and has merged with Thai Epoxy and Allied Products Company Limited (1992), Thai Sulphites and Chemicals Company Limited (1995) to form Aditya Birla Chemicals Ltd. This company supplies to sectors such as food, textiles, electrical and electronics, composites, leather, plastics and automobiles. PT Indo Liberty Textiles was incorporated in 1995 to manufacture synthetic spun yarn.

In late 1990s and later, the focus was the textile business following the end of Multi-Fiber Arrangement (MFA).

AV Cell Inc., a joint venture between Aditya Birla Group and Tembec, Canada, established operations in 1998 to produce softwood and hardwood pulp for the purpose of internal consumption among different units of the Group.

Together, Grasim Industries Ltd. and Tembec, Canada acquired AV Nackawic Inc., which produces dissolving pulp. Grasim Industries Ltd. supplies Viscose Staple Fiber (VSP). The Aditya Birla Group's VSF manufacturing plants are in Thailand, Indonesia, India and China.

The Group's VSF business operates through its three companies – Grasim Industries in India, Thai Rayon Corporation in Thailand and Indo Bharat Rayon in Indonesia, which also oversees its Chinese operations at Birla Jingwei Fibres, China.

In 2003, its Chemical Division was awarded the "Best of all" Rajiv Gandhi National Quality Award.[6]

Grasim sponsored Grasim Mr. India event from 1994 to 2012 that sent the winner to compete in international events like Mister International and Mister World.

Other

Grasim Industries operates Private Harihar Airport In Harihar, Karnataka.The airport served as an air strip for private charter service.

Footnotes

  1. ↑ https://www.livemint.com/Companies/SHDFrktRHor2Y7GTsbegHJ/Grasim-Industries-Ultratech-Cements-appoint-new-managing-di.html
  2. 1 2 https://economictimes.indiatimes.com/markets/stocks/earnings/grasim-q4-profit-rises-18-yoy-to-rs-373-crore-revenue-up-48-at-rs-4606-crore/articleshow/64287166.cms
  3. ↑ http://www.bseindia.com/bseplus/AnnualReport/500300/5003000317.pdf
  4. ↑ "12 Indian firms feature in Forbes' list of world's best companies". https://www.hindustantimes.com/. 2018-10-02. Retrieved 2018-10-03. External link in |work= (help)
  5. ↑ Business overview
  6. ↑ SHRAWAN (2013-05-29). "ANNEX IV: LIST OF AWARD WINNERS OF RAJIV GANDHI NATIONAL QUALITY AWARDS" (PDF). http://www.bis.org.in. New Delhi: Bureau of Indian Standards. Retrieved 2014-05-15. External link in |website= (help)
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.