Grasim Industries

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Grasim Industries Limited
Type public company (BSE500300) (NSEGRASIM)
Industry Building materials
Founded Mumbai (1948)
Headquarters Mumbai, Maharashtra, India
Area served Global
Key people Kumar Mangalam Birla
(Chairman )
Products Fibre and pulp, chemicals, cement and textiles
Revenue INR221 billion (US$3.7 billion) (2011)[1][not in citation given]
Net income INR20.71 billion (US$340 million) (2011)[1][not in citation given]
Total assets INR257 billion (US$4.3 billion) (2011)[citation needed]
Employees 6,568 (2011)[citation needed]
Parent Aditya Birla Group
Subsidiaries UltraTech Cement
Grasim Bhiwani Textiles
Website www.grasim.com

Grasim Industries Limited is an Indian building materials manufacturing company based in Mumbai, Maharashtra. It was started in 1948 as a textile manufacturer. Since then Grasim has diversified into Viscose Staple Fiber (VSF), cement, sponge iron and chemicals[2]

The company is a subsidiary of Aditya Birla Group, which operates over 40 companies in 12 countries on 4 continents. Grasim is the world's second largest producer of viscose rayon fiber with about 21% market share.[citation needed] Textile and related products contributes to 15% of the group turnover.

History[edit]

Grasim Industries Limited was incorporated in 1948; Grasim is the largest exporter of Viscose Rayon Fiber in the country, with exports to over 50 countries. Grasim is headquartered in Nagda, Madhya Pradesh and also has a plant at Kharach (Kosamba, Gujarat) and Harihar, Davangere in the state of Karnataka

Indo-Thai Synthetics Company Ltd was incorporated in 1969 in Thailand, 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. is 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 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 is presently 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 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.

Together, Aditya Birla Group and Tembec, Canada acquired AV Nackawic Inc., which produces dissolving pulp. Grasim Industries Ltd. supplies Viscose Staple Fiber (VSP). The Aditya Birla Group's VSF manufacturing plants are in Thailand, Indonesia, India and China.

The Group's VSF business operates through its three companies – Grasim Industries in India, Thai Rayon Corporation in Thailand and Indo Bharat Rayon in Indonesia, which also oversees its Chinese operations at Birla Jingwei Fibres, China.

In 2003, its Chemical Division was awarded the "Best of all" Rajiv Gandhi National Quality Award.[3]

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