[Disclosures under Regulation 46 and 62 of the SEBI (LODR) Regulations, 2015]
Governance Philosophy
Grasim sets the benchmark in Corporate Governance, adhering to the laws, regulations and good practices that enable efficient performance and ethical generation of long-term wealth and value creation for all its stakeholders.
We, at Grasim Industries Limited, are committed to the adoption of best governance practices in the true spirit, at all times. Our governance practices are self-driven, reflecting the culture of trusteeship that is deeply ingrained in our value system and reflected in our strategic growth process. Our governance philosophy rests on five basic tenets, viz.,
- Board accountability to the Company and stakeholders
- Equitable treatment to all shareholders
- Strategic guidance and effective monitoring by the Board
- Protection of minority interests and rights
- Transparency and timely disclosure
In line with the above philosophy, Grasim continuously strives for excellence through adoption of best governance and disclosure practices.
- Board accountability to the Company and stakeholders
- Equitable treatment to all shareholders
- Strategic guidance and effective monitoring by the Board
- Protection of minority interests and rights
- Transparency and timely disclosure
Board Composition
Board of Directors
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Mr. Kumar Mangalam Birla Non-Executive Director, Chairman
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Mrs. Rajashree Birla Non-Executive Director
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Ms. Ananyashree Birla Non-Executive Director
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Mr. Aryaman Vikram Birla Non-Executive Director
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Ms. Anita Ramachandran Independent Director
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Mr. N. Mohan Raj Independent Director
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Mr. Yazdi Piroj Dandiwala Independent Director
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Dr. Thomas M. Connelly, Jr. Independent Director
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Mr. V. Chandrasekaran Independent Director
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Mr. Adesh Kumar Gupta Independent Director
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Mr. Cyril Shroff Independent Director
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Mr. Raj Kumar Non-Executive Director
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Mr. Sushil AgarwalNon-Executive Director
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Mr. Harikrishna Agarwal Managing Director
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Managing Director
Mr. H. K. Agarwal -
Chief Financial Officer
Mr. Pavan K Jain
Business Heads
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Mr. K Suresh Fibre
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Mr. Jayant V Dhobley Business Head, CFI
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Mr. Kapil Agarwal Textiles
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Ms. Vishakha Mulye Financial Services
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Mr. Ajit Rajagopalan Insulators
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Mr. K. C. Jhanwar Cement
Company Secretary
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Mr. Sailesh Kumar Daga
Board Committees
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Audit Committee
Mr. N. Mohan Raj (Chairman)Independent Director
Mr. V. Chandrasekaran Independent Director
Dr. Thomas M. Connelly, Jr. Independent Director
Mr. H.K. AgarwalManaging Director
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Risk Management & Sustainability Committee
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Mr. N. Mohan Raj (Chairman) Independent Director
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Mr. Kapil Agarwal Business Head - Textiles
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Mr. V. ChandrasekaranIndependent Director
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Mr. Jayant V. DhobleyBusiness Head - CFI
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Dr. Thomas M. Connelly, Jr. Independent Director
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Mr. Rakshit HargaveChief Executive Officer - Paints
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Mr. H. K. Agarwal Managing Director
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Stakeholders’ Relationship Committee
Ms. Anita Ramachandran (Chairperson) Independent Director
Mr. Yazdi Piroj Dandiwala Independent Director
Mr. H.K. Agarwal Managing Director
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Corporate Social Responsibility Committee
Mrs. Rajashree Birla (Chairperson)Non Executive Director
Ms. Anita Ramachandran Independent Director
Mr. H.K. Agarwal Managing Director
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Nomination & Remuneration Committee
Ms. Anita Ramachandran (Chairperson) Independent Director
Mr. Kumar Mangalam Birla Non Executive Director
Mr. Cyril Shroff Independent Director
Mr. Adesh Kumar Gupta Independent Director
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Finance Committee
Mr. H. K. Agarwal (Chairman) Managing Director
Mr. Adesh Gupta Independent Director
Mr. V. Chandrasekaran Independent Director
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PIT Regulation Committee
Mr. V. Chandrasekaran (Chairman) Independent Director
Mr. Yazdi Piroj Dandiwala Independent Director
Mr. H.K. Agarwal Managing Director
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Rights Issue Committee – 2023
Mr. V. Chandrasekaran Independent Director
Mr. Adesh Gupta Independent Director
Mr. Harikrishna Agarwal Managing Director