Grasim Industries
Grasim Industries Ltd, a flagship company of the Aditya Birla Group was Incorporated in 1947, it started as a textiles manufacturer in India. Since then Grasim has diversified products. The company is leading global player in Viscose Staple Fibre and Wood Pulp; , sponge iron, Diversified Financial Services (NBFC, Asset Management and Life Insurance), Cement, which includes Grey, White and Allied Products; Chemicals, which includes Caustic Soda and Allied Chemicals, and Others, which includes textiles.Today, it has evolved into a leading diversified player with leadership presence across many sectors. Grasim is headquartered in Nagda, Madhya Pradesh. The company is the world's largest producer of viscose rayon fiber with about 24% market share.Textile and related products contributes to 15% of the group turnover.
Grasim has four segments: Fibre and Pulp, Chemicals, Cement and Textiles. The Company's products include viscose staple fibre, rayon grade pulp, grey cement, white cement and textiles. The Company conducts its cement business through its subsidiary, UltraTech Cement Limited. Viscose Staple Fibre is used in apparels, home textiles, dress material, knitted wear and non-woven applications.
Grasim Industries was ranked 154th in a list of the world's best regarded firms compiled by Forbes. The chemical business was set up given it's a critical input for manufacturing VSF and to achieve backward integration. Grasim is the largest Caustic Soda producer in India with a capacity of 840 KTPA. Grasim's subsidiary UltraTech Cement Limited is a leading global cement manufacturer with a capacity of 93 MTPA in India (includes 4 MTPA overseas). The company has plants at Kharach (Kosamba, Gujarat), Bharuch (Vilayat GIDC, Gujarat) and Harihar, Davangere in the state of Karnataka with an aggregate capacity of over 500 kilo-tons per annum. It also offers fabrics and synthetic yarns through its subsidiary, Grasim Bhiwani Textiles Limited. It caters to international fashion houses in the United States and the United Kingdom supplying fabric to them for manufacturing of garments.
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