Who we are/> Who we are

Who we are

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.

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1947

Grasim signs agreement to acquire Soktas India for an enterprise value of INR 165-crore

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’
Grasim Ranked 205 in list of Global 2000 Growth Champions 2018 by Forbes Magazine, USA

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
Merger of Aditya Birla Nuvo with Grasim

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

Caustic soda and Epoxy plant 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

Acquisition of key stake in Domsjo Fabriker AB, Sweden

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

Vikram Cement — Grasim's first cement plant goes on stream at Jawad (Madhya Pradesh).

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

Grasim Industries incorporated

1947

Grasim Industries incorporated

Our Values

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.