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. Dilip Gaur Managing Director
  • Dr. Santrupt Misra Non-Executive Director
  • Mr. Shailendra K. Jain Non-Executive Director
  • Mr. Raj Kumar Additional Non-Executive Director
  • Ms. Anita Ramachandran Independent Director
  • Mr. N. Mohan Raj Independent Director
  • Mr. Cyril Shroff Independent Director
  • Dr. Thomas M. Connelly, Jr.Independent Director
  • Mr. V. Chandrasekaran Independent Director
  • Mr. Adesh Kumar Gupta Independent Director
  • Managing Director
    Mr. Dilip Gaur
  • Chief Financial Officer
    Mr. Ashish Adukia
Business Heads
  • Mr. Dilip Gaur Fibre & Pulp
  • Jayant V Dhobley Business Head, CFI
  • Mr. Thomas Varghese Textiles
  • Mr. Sunil Kulwal Fertilisers
  • Mr. Ajit Rajagopalan Insulators
  • Mr. K. C. Jhanwar Cement
  • Mr. Ajay Srinivasan Financial Services
Company Secretary
  • Mr. Sailesh Kumar Daga

Board Committees

  • Audit Committee

    Mr. N. Mohan Raj (Chairman)Independent Director

    Mr. V. Chandrasekaran Independent Director

    Dr. Thomas M. Connelly, Jr. Independent Director

    Mr. Dilip GaurManaging Director

  • Risk Management & Sustainability Committee
    • Mr. N. Mohan Raj (Chairman) Independent Director

    • Mr. V. Chandrasekaran Independent Director

    • Mr. Kalyan Ram Madabhushi COO Pulp & Fibre

    • Dr. Thomas M. Connelly, Jr. Independent Director

    • Mr. Dilip GaurManaging Director

    • Mr. Jayant DhobleyBusiness Head, CFI

    • Mr. Thomas Varghese Business Head - Textiles

  • Stakeholders’ Relationship Committee

    Ms. Anita Ramachandran (Chairperson) Independent Director

    Mr. Shailendra K. Jain Non Executive Director

    Mr. Dilip GaurManaging Director

  • Corporate Social Responsibility Committee

    Mrs. Rajashree Birla (Chairperson)Non Executive Director

    Ms. Anita Ramachandran Independent Director

    Mr. Shailendra K. Jain Non Executive Director

    Mr. Dilip Gaur Managing Director

  • Nomination & Remuneration Committee

    Ms. Anita Ramachandran (Chairperson) Independent Director

    Mr. Kumar Mangalam Birla Non Executive Director

    Mr. Cyril Shroff Independent Director

    Dr. Santrupt Misra Non Executive Director

  • Finance Committee

    Mr. Shailendra K. Jain (Chairman) Non Executive Director

    Mr. Adesh Gupta Independent Director

    Mr. Dilip Gaur Managing Director

  • PIT Regulation Committee

    Mr. V. Chandrasekaran (Chairman)Independent Director

    Dr. Santrupt Misra Non Executive Director

    Mr. Dilip Gaur Managing Director