Corporate Governance

Governance Philosophy

  • Corporate governance refers to a set of laws, regulations and good practices that enable an organisation to perform efficiently and ethically generate long-term wealth and create value for all its stakeholders.

    We, at Grasim Industries Limited, are committed to the adoption of best governance practices and its adherence in the true spirit, at all times. Our governance practices are self-driven, reflecting the culture of the 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 Composition

Board of Directors

  • Mr. Kumar Mangalam Birla — Chairman

  • Mr. Himanshu Kapania — Vice Chairman

  • Mrs. Rajashree Birla

  • Mr. Cyril Shroff

  • Ms. Usha Sangwan

  • Ms. Usha Sangwan

  • Dr. Thomas M. Connelly Jr.

  • Mr. Shailendra K Jain

  • Mr. O. P. Rungta

  • Mr. Arun Thiagarajan

  • Ms. Anita Ramachandran

  • Mr. N. Mohanraj

  • Mr. Dilip Gaur - (Managing Director)

Managing Director

  • Mr. Dilip Gaur

Chief Financial Officer

  • Mr. Ashish Adukia

Business Heads

  • Mr. Dilip Gaur, Fibre & Pulp

  • Mr. K. K. Maheshwari, Cement

  • Mr. Sunil Kulwal, Fertiliser

  • Mr. Rohit Pathak, Insulator

  • Mr. Kalyan Madabhushi, CFI Sector

  • Mr. Thomas Varghese, Textiles

  • Mr. Ajay Srinivasan, Financial Services

Company Secretary

  • Mrs. Hutokshi R Wadia

Board Committees

Audit Committee:

  • Mr. Arun Thiagarajan - Independent Director

  • Mr. O. P. Rungta - Independent Director

  • Mr. N. Mohanraj - Independent Director

  • Mr. Dilip Gaur - Managing Director

Nomination and Remuneration Committee:

  • Mr. Kumar Mangalam Birla - Non Executive Director

  • Mr. O.P. Rungta - Independent Director

  • Mr. Cyril Shroff - Independent Director

Stakeholder Relationship Committee:

  • Mr. O. P. Rungta - Independent Director

  • Mr. Cyril Shroff - Independent Director

  • Mr. Dilip Gaur - Managing Director

Corporate Social Responsibility Committee:

  • Mrs. Rajashree Birla - Non Executive Director

  • Ms. Anita Ramachandran - Independent Director

  • Mr. Shailendra K. Jain - Non Executive Director

  • Mr. Dilip Gaur - Managing Director

Finance Committee:

  • Mr. O.P. Rungta — Independent Director

  • Mr. Shailendra K. Jain — Non Executive Director

  • Mr. Dilip Gaur — Managing Director

Risk Management Committee:

  • Mr. Arun Thiagarajan — Independent Director

  • Mr. N. Mohanraj - Independent Director

  • Mr. Dilip Gaur — Managing Director

  • Mr. Ashish Adukia — Chief Financial Officer

  • Mr. H. K. Agarwal — COO - Fibre Business

  • Mr. Kalyan Madabhushi — Business Head-CFI Sector

  • Mr. Thomas Varghese — Business Head - Textiles