A FORCE OF GOOD
CREATING AND SCALING GROWTH ENGINES FOR A GROWING ECONOMY
MESSAGE FROM THE CHAIRMAN
In its more than 76 years of operations, Grasim has successfully developed global-scale businesses by continually innovating, investing in capacity building, and pursuing new high-growth opportunities. In FY 2023 -24, your Company along with its subsidiaries executed its largest-ever capital expenditure, investing over ₹20,000 crore."
Kumar Mangalam Birla Chairman
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Harikrishna Agarwal Managing Director
MESSAGE FROM THE MANAGING DIRECTOR
Together, each of our businesses is a force for good, creating a multiplier effect on building a just and prosperous future. It enables us to deliver consistent growth, drive innovation, embed sustainability in every aspect of our operations, and act with integrity and fairness."
Harikrishna Agarwal Managing Director
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Kumar Mangalam Birla Chairman
GRASIM AT A GLANCE
Grasim Industries Limited, a flagship Company of Aditya Birla Group (ABG), is one of the leading diversified companies in India. Grasim is a prominent producer of Cellulosic Staple Fibre (CSF), globally and in India. CSF is a subset of global markets of man-made textile fibres. Also, we are one of the India's largest manufacturer of Chlor-Alkali and Speciality Chemicals (Epoxy Polymers and Curing Agents). Through our subsidiaries, UltraTech Cement, Aditya Birla Capital and Aditya Birla Renewables, we are also India's premier cement producer, one of the leading diversified financial services player and a clean energy solutions provider, respectively. We also have significant presence in Sustainable Textiles such as Linen & Cotton Fabrics and Woolen Yarn. We have entered into two high growth businesses namely Paints and B2B E-commerce for Construction Materials.
Read More Legacy Of LeadershipFINANCIAL HIGHLIGHTS
` 1,52,876crore
Market
capitalisation*
` 1,30,978crore
Consolidated
revenue
` 20,837crore
Consolidated
EBITDA
NON-FINANCIAL HIGHLIGHTS
45,929
Total
workforce
11%
Renewable
power share
7.5 lakh+
Trees planted
(cumulative)
*As on 31st March 2024
ECONOMIC VALUE DISTRIBUTED
` 1,32,243crore
Economic Value Generated
` 1,17,599crore
Economic Value Distributed
` 1,21,239crore
Economic Value Generated
` 1,06,669crore
Economic Value Distributed
BUSINESSES
DRIVING DIVERSE OPPORTUNITIES
Our business segments enhance our competitive edge, fostering resilience, and driving innovation, all within the framework of our overarching corporate goals.
- CELLULOSIC FIBRES
- CHEMICALS
- BUILDING MATERIALS
- FINANCIAL SERVICES
- OTHERS
CELLULOSIC FIBRES
CELLULOSIC FIBRES
With a total global scale capacity of 842 KTPA of Cellulosic Staple Fibre (CSF) we are a significant player in the man-made textile fibres industry. Through indigenously developed second and third generation fibres, like Birla Modal and Birla Excel (Lyocell), we have pioneered CSF market in India with high-quality, eco-friendly products.
810KT
Highest-ever CSF sales volumes
67%
EBITDA growth YoY
CHEMICALS
CHEMICALS
Our Chemicals business encompasses three categories: Chlor-Alkali, Chlorine Derivatives, and Speciality Chemicals. We are the premier manufacturer of caustic soda in India, with a capacity of 1,359 KTPA, and produce a range of Chlorine Derivatives used in industries such as water treatment, plastics, and pharmaceuticals.
1205KT
Highest-ever caustic sales volume
62%
Chlorine Integration
BUILDING MATERIALS
UltraTech Cement Limited, a subsidiary of Grasim Industries Limited, ranks as India's largest manufacturer of cement and world's third-largest cement producer outside China, with a total production capacity exceeding 150 MTPA (as on April 2024) in India. It is also a leading player of ready mix concrete, white cement and cement-based putty.
119MMT
Highest-ever cement sales volumes
Birla Opus, Grasim’s decorative paints brand, leverages state-of-the-art manufacturing and a range of high-quality products to disrupt and lead the Indian decorative paints landscape.
1,200+/ 145+
SKUs / Products launched, biggest launch in Indian Decorative Paints industry
Birla Pivot, Grasim's B2B E-Commerce platform, revolutionises the construction sector by providing a comprehensive range of construction materials and financial solutions to MSMEs.
`1,000+crore
Revenue generated in the first year of operations
FINANCIAL SERVICES
FINANCIAL SERVICES
Aditya Birla Capital Limited (ABCL), Grasim's financial services arm, offers a suite of financial products across financing, protecting, investing and advisory services. With omni-channel architecture, ABCL provides customers complete flexibility to choose their channel of interaction. Digital presence includes platforms like ABCD Application and Udyog Plus.
`4,36,442crore
Assets Under Management
`34,008crore
Total Revenue
OTHERS
The textiles division excels in premium sustainable clothing with presence in fibres like linen, wool, and cotton, leading with the Linen Club and Soktas brands. It focuses on expanding iconic retail brands and enhancing sustainability.
`583crore
Highest-ever B2C revenue
Aditya Birla Renewables (ABReL) is expanding its clean energy portfolio, targeting a 2 GW total capacity by 2024 with projects in solar, wind, and hybrid to support India's sustainability goals. ABReL also plays a key role in fulfilling the Group companies' renewable energy demands and decarbonisation targets.
894MW
Cumulative renewable energy capacity
Aditya Birla Insulators is India's leading manufacturer of high-performance ceramic and composite insulators for transmission and distribution, substations, and railway electrification, ranking among the global top four.
`477crore
Revenue
Track record of consistent Growth
OUR APPROACH TO VALUE CREATION
CAPITAL-WISE HIGHLIGHTS
CREATING VALUE ACROSS DIMENSIONS
Business success hinges on multiple foundational elements that empower an organisation to reach its goals. We recognise that sustainability and long-term viability stem from effectively leveraging the six capitals
Read MoreSTRATEGIC PRIORITIES
DESIGNING OUR PATH TO EXCELLENCE
Our strategic priorities are defined with the aim to drive our organisation towards sustained growth.
- Leadership across businesses
- Innovation
- Sustainability
- Capital Allocation
- Cost Leadership
Our approach to sustainability
RISK MANAGEMENT
FORTIFYING THE FUTURE
WITH FORESIGHT
As a diversified conglomerate with a diverse risk portfolio, we are guided by the principle of being ‘Predictive, Proactive and Prepared’.
Read MoreSUSTAINABILITY FRAMEWORK
PROGRESSING WITH PURPOSE
Pillar 1
Environmental
Stewardship
Pillar 2
Social
Responsibility
Pillar 3
Resilient Business
Responsibility
CORPORATE GOVERNANCE
LEADING WITH EXCELLENCE
OUR CAPITALS
Financial Capital
At Grasim, financial success extends beyond simply meeting shareholder expectations. Our financial management practices enable us to adapt to the prevailing market conditions and invest in expanding capacities and sustainability initiatives, supporting long-term growth by optimising costs and maintaining a strong balance sheet.
FY 2023-24 HIGHLIGHTS
` 25,847crore
Revenue
` 3,573crore
EBITDA
` 5,900crore
Capital expenditure
*As on 31st March 2024
OUR CAPITALS
Manufactured Capital
Grasim's resilient manufacturing facilities, encompassing tangible assets, infrastructure, and technological prowess, propel our longterm sustainable growth.
FY 2023-24 HIGHLIGHTS
812 KT
Cellulosic Staple Fibre production
1200 KT
Caustic Soda production
3
Paints plants commissioned
*As on 31st March 2024
OUR CAPITALS
Intellectual Capital
At Grasim, we implement advanced technology to drive innovative breakthroughs that enhance our operations.
FY 2023-24 HIGHLIGHTS
` 109crore
R&D expenditure
9
R&D facilities
53
Patents filed
*As on 31st March 2024
OUR CAPITALS
Natural Capital
Grasim is deeply committed to integrating the principles of environmental stewardship into the core business operations.
FY 2023-24 HIGHLIGHTS
6.7%
Renewable energy share in total energy consumption
14%
Reduction in Scope 3 emissions year on year
46%
Reduction in waste directed to landfill
*As on 31st March 2024
OUR CAPITALS
Social and Relationship Capital
At Grasim, our mission revolves around creating value by empowering our stakeholders – employees, customers, communities, and partners – who are central to the organisation.
FY 2023-24 HIGHLIGHTS
12.11Lakh
CSR beneficiaries
` 58.39crore
CSR spend
311
Villages covered
*As on 31st March 2024
OUR CAPITALS
Human Capital
The dedication and talent of our employees are the driving forces behind our operations, and we are deeply committed to nurturing a workplace that promotes their growth and well-being.
FY 2023-24 HIGHLIGHTS
45,929
Total workforce
30,120
Workforce upskilled
4%
Gender diversity in the workforce
*As on 31st March 2024
AWARDS AND RATINGS
PERFORMING WITH CONVICTION
SUSTAINABILITY RATINGS
(as on 31st March 2024)
