Grasim Industries

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 1947 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).

Grasim Industries Limited
Public
Traded as
ISININE047A01021
IndustryVSF, chemicals (Chlor-Alkali-s), cement producer and Diversified Financial Services (NBFC, Asset Management and Life Insurance)
Founded1947 (1947) in Mumbai
Headquarters
Mumbai, Maharashtra
,
India
Area served
Global
Key people
Kumar Mangalam Birla
(Chairman) Dilip Gaur (MD) [1]
ProductsFibre and pulp, chemicals, cement and textiles
Revenue₹56,162 crore/ $8.3B (May 2018)[2]
₹4,707.53 crore (May 2018)[2]
Number of employees
8,669 (as on 31 March 2017)[3]
ParentAditya Birla Group
SubsidiariesUltraTech Cement
Aditya Birla Capital
Websitegrasim.com

The company is a subsidiary of Aditya Birla Group. Grasim is the world's largest producer of viscose rayon fiber with about 24% market share.[6] Textile and related products contributes to 15% of the group turnover.

History

Grasim Industries Limited was incorporated in 1947; 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 plants at Kharach (Kosamba, Gujarat), Bharuch (Vilayat GIDC, 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.[7]

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 mentions

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

In 1985, the firm's activities in its Mavoor facility ran into controversies after it shut down, first temporarily and later on, permanently.

Footnotes
  1. Pillay, Amritha (18 December 2015). "Grasim Industries, Ultratech Cements appoint new managing directors". Mint.
  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". Hindustan Times. 2 October 2018. Retrieved 3 October 2018.
  5. "Business overview".
  6. "With India, Grasim Industries will celebrate its 70th anniversary". India Today. Retrieved 21 October 2018.
  7. SHRAWAN (29 May 2013). "ANNEX IV: LIST OF AWARD WINNERS OF RAJIV GANDHI NATIONAL QUALITY AWARDS" (PDF). bis.org.in. New Delhi: Bureau of Indian Standards. Retrieved 15 May 2014.
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