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
  • Mr. Kumar Mangalam Birla Chairman
  • Mrs. Rajashree Birla Non-Executive Director
  • Mr. Himanshu Kapania Vice Chairman
  • Mr. Dilip Gaur Managing Director
  • Mr. Cyril Shroff Independent Director
  • Dr. Thomas M. Connelly Jr.Independent Director
  • Mr. O. P. Rungta Independent Director
  • Mr. Arun Thiagarajan Independent Director
  • Ms. Anita Ramachandran Independent Director
  • Mr. N. Mohanraj Independent Director
  • Mr. Shailendra K. Jain Non-Executive Director
  • Ms. Usha Sangwan Non-Executive Director
  • Managing Director
    Mr. Dilip Gaur
  • Chief Financial Officer
    Mr. Ashish Adukia
Business Heads
  • Mr. Dilip Gaur Fibre & Pulp
  • Mr. Kalyan Ram Madabhushi CFI Sector
  • Mr. Thomas Varghese Textiles
  • Mr. Sunil Kulwal Fertilisers
  • Mr. Rohit Pathak Insulator
  • Mr. K. K. Maheshwari Cement
  • 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. MohanrajIndependent Director

    Mr. Dilip GaurManaging Director

  • Risk Management Committee
    • Mr. Arun Thiagarajan Independent Director

    • Mr. O.P. Rungta Independent Director

    • Mr. N. Mohanraj Independent Director

    • Mr. Dilip GaurManaging Director

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

    • Mr. Kalyan Ram Madabhushi Business Head-CFI Sector

    • Mr. Thomas Varghese Business Head – Textiles

  • Stakeholder Relationship Committee

    Mr. O. P. Rungta Independent Director

    Mr. Cyril ShroffIndependent Director

    Mr. Dilip GaurManaging 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

  • Nomination and Remuneration Committee

    Mr. Kumar Mangalam Birla Non Executive Director

    Mr. O.P. Rungta Independent Director

    Mr. Cyril Shroff Independent Director

  • Finance Committee

    Mr. O.P. RungtaIndependent Director

    Mr. Shailendra K. JainNon Executive Director

    Mr. Dilip GaurManaging Director