Grasim Industries Limited is an Indian manufacturing company based in

Mumbai Mumbai (, ; also known as Bombay — the official name until 1995) is the capital city of the Indian state of Maharashtra and the ''de facto'' financial centre of India. According to the United Nations, as of 2018, Mumbai is the second- ...

. Since its inception in 1947 as a textile manufacturer, Grasim has diversified into textile raw materials like

viscose Rayon is a semi-synthetic fiber, made from natural sources of regenerated cellulose, such as wood and related agricultural products. It has the same molecular structure as cellulose. It is also called viscose. Many types and grades of viscose ...

staple fiber (VSF) and viscose filament yarn,

chemicals A chemical substance is a form of matter having constant chemical composition and characteristic properties. Some references add that chemical substance cannot be separated into its constituent elements by physical separation methods, i.e., wit ...

and insulators, along with cement and financial services through its subsidiaries

UltraTech Cement UltraTech Cement Limited is an Indian cement company based in Mumbai, and a part of Aditya Birla Group. UltraTech is the largest manufacturer of grey cement, ready-mix concrete Ready-mix concrete (RMC) is concrete that is manufactured i ...

and

Aditya Birla Capital Aditya Birla Group is an Indian multinational conglomerate, headquartered in Mumbai. It operates in 100 countries with more than 1,40,000 employees directly and indirectly. The group was founded by Seth Shiv Narayan Birla in 1857. The group ha ...

respectively. The company is a part of the

Aditya Birla Group Aditya Birla Group is an Indian multinational conglomerate, headquartered in Mumbai. It operates in 100 countries with more than 1,40,000 employees directly and indirectly. The group was founded by Seth Shiv Narayan Birla in 1857. The group ha ...

. Grasim is the world's largest producer of

viscose rayon Rayon is a semi-synthetic fiber, made from natural sources of regenerated cellulose, such as wood and related agricultural products. It has the same molecular structure as cellulose. It is also called viscose. Many types and grades of viscose f ...

fiber with about 24% market share. Textile and related products contribute to 15% of the group's turnover.

History

Grasim Industries Limited was incorporated in 1947. 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 PT, Pt, or pt may refer to: Arts and entertainment * ''P.T.'' (video game), acronym for ''Playable Teaser'', a short video game released to promote the cancelled video game ''Silent Hills'' * Porcupine Tree, a British progressive rock group ...

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 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 Mavoor is a town situated in Kozhikode district in Kerala, India. It is 19 km away from Kozhikode city. Etymology The former name of Mavur was Pulpparambu, or "hayfields" in Malayalam, as grass for thatching houses was stored in ...

facility ran into controversies after it shut down, first temporarily and later on, permanently. 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. In 2012, Grasim Industries Ltd. and Tembec, Canada acquired AV Nackawic Inc., which produces dissolving pulp.

Listed subsidiaries

In 2004, Grasim acquired

from

Larsen & Toubro Larsen & Toubro Ltd, commonly known as L&T, is an Indian multinational conglomerate company, with business interests in engineering, construction, manufacturing, technology, information technology and financial services, headquartered in Mumba ...

. In 2010, Grasim demerged its cement subsidiary, Samruddhi Cement, which contributed 76% of the company's turnover in the previous financial year. Later that year, Samruddhi Cement was merged into UltraTech Cement. 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.

Operations

Grasim is the largest exporter of Viscose Rayon Fiber in the country, with exports to over 50 countries. Grasim is headquartered in

and also has plants at

Nagda Nagda is an industrial town in Ujjain district of the Indian state of Madhya Pradesh. It lies in the administrative headquarters of the city of Ujjain, in the Malwa region of western Madhya Pradesh. It is situated on the bank of the Chambal Rive ...

(Madhya Pradesh), Kharach (

Kosamba Kosamba is a city and a municipality situated in the Mangrol Taluka in Surat district in the Indian state of Gujarat. Kosamba comes under Surat Metropolitan Region. Kosamba consists of the twin towns of (1)Tarsadi Nagarpalika and (2) Kosamba G ...

Gujarat Gujarat (, ) is a state along the western coast of India. Its coastline of about is the longest in the country, most of which lies on the Kathiawar peninsula. Gujarat is the fifth-largest Indian state by area, covering some ; and the ninth ...

Veraval Veraval also known as Somnath is a municipality and the headquarters of Gir Somnath district in the Indian state of Gujarat. It is also known for the hub of fishing industries in India. Geography Veraval is located at . It has an average elev ...

(

), Bharuch (

Vilayat GIDC A vilayet ( ota, , "province"), also known by various other names, was a first-order administrative division of the later Ottoman Empire. It was introduced in the Vilayet Law of 21 January 1867, part of the Tanzimat reform movement initiated ...

) and

Harihar Harihara ( also called ''Harihar'') is a city in Davanagere District in the Indian state of Karnataka. It is the administrative headquarters of the Harihara Taluk. Harihara is famous for Harihareshwara temple, also known as "Dakshina Kashi", an ...

, (

Davangere Davanagere is a city in the centre of the southern Indian state of Karnataka. It is the seventh largest city in the state, and the administrative headquarters of eponymous Davangere district. Hitherto being a cotton hub and hence popularly known ...

Karnataka Karnataka (; ISO: , , also known as Karunāḍu) is a state in the southwestern region of India. It was formed on 1 November 1956, with the passage of the States Reorganisation Act. Originally known as Mysore State , it was renamed ''Karnat ...

). Grasim Industries Ltd. supplies Viscose Staple Fiber (VSF). 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.

Former businesses

*In 2008, Grasim sold its

sponge iron Direct reduced iron (DRI), also called sponge iron, is produced from the direct reduction of iron ore (in the form of lumps, pellets, or fines) into iron by a reducing gas or elemental carbon produced from natural gas or coal. Many ores are suit ...

business to the

Welspun Group Welspun Group is an Indian multinational conglomerate, , headquartered in Mumbai. It has diverse businesses in line pipes, textiles, Infrastructure, and steel. It does business with 50 countries and has a distribution network in 32 countries ...

for 1030

crore A crore (; abbreviated cr) denotes ten million (10,000,000 or 107 in scientific notation) and is equal to 100 lakh in the Indian numbering system. It is written as 1,00,00,000 with the local 2,2,3 style of digit group separators (one lakh is e ...

. * In 2015, it sold its consumer products business to

Future Group Future Group is an Indian conglomerate, founded by Kishore Biyani and based in Mumbai. The company is known in Indian retail and fashion sectors, operating supermarket chains Big Bazaar and Food Bazaar, lifestyle stores Brand Factory and Centra ...

. *In 2017, Grasim sold its wholly-owned subsidiary

Grasim Bhiwani Textiles Grasim Bhiwani Textiles was a subsidiary of Grasim Industries 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 mater ...

to Donear Group. * In 2020, Grasim sold its entire stake in Indo Gulf Fertilisers to

Indorama Corporation Indorama Corporation is a Singapore-based corporate group with origins as Indorama Synthetics, established in 1975 in Indonesia. It manufactures polyethylene, polypropylene, polyester fibre, Spandex filament, spun yarns, fabrics, and other produ ...

for 2649 crore.

Recognition

Grasim Industries was ranked 154th in a list of the world's best regarded firms compiled by Forbes. In 2003, its Chemical Division was awarded the "Best of all" Rajiv Gandhi National Quality Award. Grasim sponsored ''

Grasim Mr. India Grasim Mr. India (''formerly Adonis - Graviera Man of the Year'') was a national male beauty pageant in India that annually selected representatives to compete globally at Mr. International, Mister World, Mr. Intercontinental and Best Model of ...

'' event from 1994 to 2012 that sent the winner to compete in international events like ''

Mister International Mister International is an annual international male beauty pageant that the Mister International Organization runs since 2006. Along with its rival contest, Mister World, this pageant is one of the two largest male beauty pageants in the world ...

'' and ''

Mister World The Mister World competition is a male beauty pageant sponsored by the Miss World Organisation. The competition was founded in 1996. The entrants compete in various activities including waterskiing, mountain biking, and marathon running. The cu ...

''. It ranked 24th in the

Fortune India 500 The ''Fortune India'' 500 is a ranking of the top 500 corporations in India compiled on the basis of latest sales and gross revenue figures. The list is published annually by ''Fortune'' magazine. ''Fortune India'' is ''Fortune'' sixth internatio ...

list in 2020.

Other mentions

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

Footnotes

External links

* {{S&P CNX Nifty companies Textile companies of India Aditya Birla Group Manufacturing companies based in Mumbai Manufacturing companies established in 1948 NIFTY 50 Indian companies established in 1948 Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange