Grasim Industries

{{short description|Indian industrial conglomerate}} {{use Indian English|date=May 2014}} {{Use dmy dates|date=May 2014}} {{Infobox company | name = Grasim Industries Limited | type = Public | traded_as = {{Unbulleted list|{{BSE|500300}}|{{NSE|GRASIM}}|NSE NIFTY 50 Constituent}} | logo = Aditya Birla Grasim Logo.svg | ISIN = {{ISIN|sl=n|pl=y|INE047A01021}} | industry = Fibre Paints Chemicals Agrochemicals Textiles Insulator | products = | founded = {{Start date and age|1947}} | founder = | hq_location_city = Mumbai, Maharashtra | hq_location_country = India | area_served = Worldwide | key_people = Kumar Mangalam Birla (Chairman) H K Agarwal (MD) | revenue = {{increase}} {{INRConvert|148478|c}} (2025)<ref name="BalSheet">{{cite web |date=22 May 2025 |url=https://www.grasim.com/Upload/PDF/grasim-financial-results-for-q4fy2024-25.pdf|title=Outcome of Board Meeting pursuant to Regulations 30, 33, 52 and other applicable Regulations of SEBI |website=BSE}}</ref> | operating_income = {{Decrease}} {{INRConvert|13567|c}} (2025)<ref name="BalSheet"/> | net_income = {{Decrease}} {{INRConvert|7756|c}} (2025)<ref name="BalSheet"/> | assets = {{increase}} {{INRConvert|500536|c}} (2025)<ref name="BalSheet"/> | equity = {{increase}} {{INRConvert|157813|c}} (2025)<ref name="BalSheet"/> | num_employees = 47,022 <ref name="Grasim AR 24-24">https://www.grasim.com/Upload/PDF/grasim-integrated-annual-report-2024-25.pdf</ref> | subsidiaries = UltraTech Cement Aditya Birla Capital | parent = Aditya Birla Group | website = {{URL|https://www.grasim.com}} }}

'''Grasim Industries Limited''' is an Indian manufacturing company based in Mumbai. Since its inception in 1947 as a textile manufacturer, Grasim has diversified into textile raw materials like viscose staple fiber (VSF) and viscose filament yarn, chemicals<ref>{{Cite web|url=http://www.grasim.com/about_us/overview_business.htm#vsf_overview|title=Business overview|access-date=9 April 2008|archive-date=25 June 2013|archive-url=https://web.archive.org/web/20130625092812/http://www.grasim.com/about_us/overview_business.htm#vsf_overview|url-status=dead}}</ref> and insulators, along with cement and financial services through its subsidiaries UltraTech Cement and Aditya Birla Capital respectively. The company is a part of the Aditya Birla Group.

==History== {{Unreferenced section|date=April 2023}} Grasim Industries Limited was incorporated in 1947.

Indo-Thai Synthetics Company Ltd was incorporated in 1969 in Thailand, and started operations in 1970. This was Aditya Birla Group's first foray into international venture. Aditya Birla Group incorporated P.T. Elegant Textiles in 1973 in Indonesia. Thai Rayon incorporated in 1974; this was the second company in Thailand, operating in Viscose Rayon Staple Fiber. Century Textiles Co. Ltd. was taken over by Aditya Birla Group in 1974; this company is a weaving and dyeing plant manufacturing and exporting variety of synthetic fabrics. PT Sunrise Bumi Textiles incorporated in 1979; it produces yarn exported to over 30 countries in 6 continents. P.T Indo Bharat Rayon, incorporated in 1980, produces Viscose Staple Fiber in Indonesia. Thai Polyphosphates and Chemicals was started in 1984 in Thailand to produce Sodium Phosphates, and has merged with Thai Epoxy and Allied Products Company Limited (1992), Thai Sulphites and Chemicals Company Limited (1995) to form Aditya Birla Chemicals Ltd. This company supplies to sectors such as food, textiles, electrical and electronics, composites, leather, plastics and automobiles. PT Indo Liberty Textiles was incorporated in 1995 to manufacture synthetic spun yarn.

In 1985, the firm's activities in its Mavoor facility ran into controversies after it shut down, first temporarily and later on, permanently.

In the late 1990s and later, the focus was the textile business following the end of Multi-Fiber Arrangement (MFA).

AV Cell Inc., a joint venture between Aditya Birla Group and Tembec, Canada, established operations in 1998 to produce softwood and hardwood pulp for the purpose of internal consumption among different units of the Group.

In 2012, Grasim Industries Ltd. and Tembec, Canada acquired AV Nackawic Inc., which produces dissolving pulp.

==Listed subsidiaries== In 2004, Grasim acquired UltraTech Cement from Larsen & Toubro.<ref>{{cite news |last1=Kapur |first1=Mansi |title=Grasim to get control of L&T cement business on July 1 |url=https://www.business-standard.com/article/companies/grasim-to-get-control-of-l-t-cement-business-on-july-1-104052801037_1.html |access-date=21 July 2022 |work=Business Standard India |date=28 May 2004}}</ref> In 2010, Grasim demerged its cement subsidiary, Samruddhi Cement, which contributed 76% of the company's turnover in the previous financial year.<ref>{{Cite web|url=https://www.ndtv.com/business/grasim-tumbles-on-demerger-of-cement-business-88316|title=Grasim tumbles on demerger of cement business|website=NDTV.com}}</ref> Later that year, Samruddhi Cement was merged into UltraTech Cement.<ref>{{cite news |title=Ultratech-Samruddhi merger: August 25 fixed as record date |url=https://economictimes.indiatimes.com/industry/indl-goods/svs/cement/ultratech-samruddhi-merger-august-25-fixed-as-record-date/articleshow/6223059.cms |access-date=21 July 2022 |work=The Economic Times}}</ref>

In 2017, it demerged Aditya Birla Capital, its financial services arm, which included consumer finance, insurance and asset management divisions among others. After the demerger, Grasim continued to hold a 55% stake in Aditya Birla Capital.<ref>{{Cite web|url=https://www.moneycontrol.com/news/business/stocks/grasim-industries-cracks-22-after-demerger-of-aditya-birla-capital-2329587.html|title=Grasim Industries cracks 22% after demerger of Aditya Birla Capital|website=Moneycontrol|date=19 July 2017 }}</ref>

==Operations== {{Unreferenced section|date=April 2023}} Grasim is the largest exporter of Viscose Rayon Fiber in the country, with exports to over 50 countries. Grasim is headquartered in Mumbai and also has plants at Nagda (Madhya Pradesh), Kharach (Kosamba, Gujarat), Veraval (Gujarat), Bharuch (Vilayat GIDC, Gujarat) and Harihar, (Davangere, Karnataka).

Grasim Industries Ltd. supplies Viscose Staple Fiber (VSF). The Group's VSF business operates through its three companies – Grasim Industries in India, Indo Bharat rayon in Indonesia, Thai Rayon Corporation in Thailand, which also oversees its Chinese operations at Birla Jingwei Fibres, China.

By 2021, Grasim industries, the flagship company of the global conglomerate Aditya Birla Group, entered the paints business with an investment of INR 5,000 crore over three years. Which was later increased to a capex of INR 10,000 crore over the same period of time thus trying to disrupt the market.

===Former businesses=== *In 2008, Grasim sold its sponge iron business to the Welspun Group for {{INR}}1030 crore.<ref>{{Cite web|url=https://www.telegraphindia.com/business/grasim-quits-sponge-iron/cid/569035|title=Grasim quits sponge iron|website=www.telegraphindia.com}}</ref> * In 2015, it sold its consumer products business to Future Group.<ref>{{Cite web|url=http://retail.economictimes.indiatimes.com/news/apparel-fashion/apparel/grasim-sells-consumer-products-business-to-future-group/47417801|title=Grasim sells consumer products business to Future Group - ET Retail|website=ETRetail.com}}</ref> *In 2017, Grasim sold its wholly owned subsidiary Grasim Bhiwani Textiles to Donear Group.<ref>{{Cite web|url=https://www.thehindubusinessline.com/companies/grasim-sells-bhiwani-textile-unit-to-donear/article9757897.ece|title=Grasim Ind divests Grasim Bhiwani Textiles to Donear group|first=Priya|last=sundarajan|website=www.thehindubusinessline.com|date=10 July 2017 }}</ref> * In 2020, Grasim sold its entire stake in Indo Gulf Fertilisers to Indorama Corporation for {{INR}}2649 crore.<ref>{{Cite web|url=https://www.livemint.com/companies/news/grasim-sells-fertiliser-business-to-indorama-for-rs-2-649-crore-11605181916009.html|title=Grasim sells fertiliser business to Indorama for ₹2,649 crore|first=Tanya|last=Thomas|date=12 November 2020|website=mint}}</ref>

==Recognition== Grasim Industries was ranked 154th in a list of the world's best regarded firms compiled by Forbes.<ref>{{Cite news|url=https://www.hindustantimes.com/business-news/12-indian-firms-feature-in-forbes-list-of-world-s-best-companies/story-WH8RGxVObkuWBXri6bI4aK.html|title=12 Indian firms feature in Forbes' list of world's best companies|date=2018-10-02|work=Hindustan Times|access-date=2018-10-03|language=en}}</ref>

In 2003, its Chemical Division was awarded the "Best of all" Rajiv Gandhi National Quality Award.<ref>{{cite web | url = http://www.bis.org.in/other/rgnqa_win_12.pdf | title = ANNEX IV: LIST OF AWARD WINNERS OF RAJIV GANDHI NATIONAL QUALITY AWARDS | last1 = SHRAWAN | date = 2013-05-29 | website = bis.org.in | publisher = Bureau of Indian Standards | location = New Delhi | access-date = 2014-05-15}}</ref>

It ranked 24th in the Fortune India 500 list in 2020.<ref>{{Cite web|title=Grasim Industries - Fortune 500 List 2020 - Fortune India|url=https://www.fortuneindia.com/fortune-500/company-list/grasim-industries?year=2020|access-date=2021-01-12|website=www.fortuneindia.com|language=en|archive-date=14 January 2021|archive-url=https://web.archive.org/web/20210114092532/https://www.fortuneindia.com/fortune-500/company-list/grasim-industries?year=2020|url-status=dead}}</ref>

== Other mentions == Grasim Industries operates Private Harihar Airport In Harihar, Karnataka. The airport served as an air strip for private charter service.

== Footnotes == {{Reflist}}

== External links == * {{official}}

Category:Textile companies of India Category:Aditya Birla Group Category:Manufacturing companies based in Mumbai Category:Manufacturing companies established in 1948 Category:NIFTY 50 Category:Indian companies established in 1948 Category:Companies listed on the National Stock Exchange of India Category:Companies listed on the Bombay Stock Exchange Category:Economy of Ujjain