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Grasim Industries Limited, a flagship company of the US$ 48.3 Billion Aditya Birla Group, ranks amongst the top publicly listed companies in India. Incorporated in 1947, it started as a textiles manufacturer in India. Today, it has evolved into a leading diversified player with leadership presence across many sectors. It is a leading global producer of Viscose Staple Fibre, the largest Chlor-Alkali, Linen and Insulators player in India. Through its subsidiaries, UltraTech Cement and Aditya Birla Capital, it is also India’s largest cement producer and a leading diversified financial services player. At Grasim, there is an endeavour to create sustainable value for 21,000+ employees, 230,000+ shareholders, society and customers. It has a consolidated net revenue of over US$ 10 Billion and an EBITDA of over US$ 1.8 Billion in FY 2019.
Milestones
1947 was a watershed year for India, Mr G D Birla envisioned that the country would face an acute shortage of cotton, and man-made fibres will be needed to supplement textile fibre availability for clothing. Grasim was incorporated just 10 days after India’s independence and thus began Grasim’s journey which mirrors India’s growth story.
2019
- Grasim Industries signed a definitive agreement to acquire 100% equity shareholding of Soktas India Private Limited from its current promoters, for an enterprise value of INR 165 Crores (March 2019)
- Birla Cellulose takes a quantum leap towards making fashion more sustainable with the launch of ‘Livaeco’
2018
- Grasim Industries has been Ranked # 205 in the list of “Global 2000 – Growth Champions 2018” by Forbes Magazine, USA
- Grasim bags Dun & Bradstreet Corporate Award 2018 for stellar performance in the textile sector
2017
- Merger of Aditya Birla Nuvo with Grasim
- UltraTech completed the acquisition of cement plants from Jaiprakash Associates Ltd. and Jaypee Cement Corporations Ltd. with a total capacity of 21.2 MTPA
- Aditya Birla Nuvo Ltd., an Aditya Birla Group Company was merged with Grasim w.e.f. 1st July, 2017. Subsequently the Financial Services business was demerged from the merged entity and was listed on bourses as Aditya Birla Capital Limited on 1st September, 2017
2015
Merger of ABCIL with Grasim
2014
Grasim’s state-of-the-art VSF plant is commissioned at Vilayat, Gujarat
2013
Caustic soda and Epoxy plant commissioned at Vilayat, Gujarat
2012
Acquires AV Terrace Bay Inc. in Canada in JV with Thai Rayon in a joint venture with other Group Companies
2011
Acquisition of key stake in Domsjo Fabriker AB, Sweden
2009
Grasim hives off its sponge iron business by way of slump sale
2006
Forms joint venture company Birla Jingwei Fibres Company Limited and acquires VSF plant in China
2005
Acquires AV Nackawic Pulp Mill, Canada, in a joint venture with other Group Companies and Tembec Inc.
2004
Grasim acquires controlling stake in UltraTech
2002
Grasim divests Gwalior textiles unit. Textile operations consolidated at Bhiwani to manufacture ‘Grasim’ and ‘Graviera’ brands
2001
- Consultancy and software services spun off into separate entity, Birla Technologies Limited
- Grasim acquires 10% stake in L&T
1998
AV Cell Pulp Mill at Canada acquired in a joint venture with other Group Companies and Tembec Inc.
1996
First phase of VSF plant is commissioned at Kharach (Gujarat)
1995
Vikram Woollens spinning unit at Malanpur (Madhya Pradesh) set up
1985
- Vikram Cement — Grasim's first cement plant goes on stream at Jawad (Madhya Pradesh)
- The Cement business was started in 1985 with a capacity of 0.5 MTPA
1972
- VSF and pulp plants at Harihar, Karnataka based on in-house engineering
- Caustic soda production commences at Nagda, Madhya Pradesh for captive use
1963
Composite textile mill set up in Bhiwani, Haryana
1954
VSF production commences at Nagda, Madhya Pradesh
1950
Production of fabric begins at Gwalior
1947
Grasim Industries incorporated
Our Values
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Integrity
Acting and taking decisions in a manner that is fair and honest. Following the highest standards of professionalism and being recognised for doing so. Integrity for us means not only financial and intellectual integrity, but encompasses all other forms as are generally understood.
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Commitment
On the foundation of Integrity, doing all that is needed to deliver value to all stakeholders. In the process, being accountable for our own actions and decisions, those of our team and those on the part of the organisation for which we are responsible.
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Passion
An energetic, intuitive zeal that arises from emotional engagement with the organisation that makes work joyful and inspires each one to give his or her best. A voluntary, spontaneous and relentless pursuit of goals and objectives with the highest level of energy and enthusiasm.
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Seamlessness
Thinking and working together across functional groups, hierarchies, businesses and geographies. Leveraging diverse competencies and perspectives to garner the benefits of synergy while promoting organisational unity through sharing and collaborative efforts.
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Speed
Responding to internal and external customers with a sense of urgency. Continuously striving to finish before deadlines and choosing the best rhythm to optimise organisational efficiencies.
