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← Older revision		Revision as of 05:04, 14 August 2023
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	~~{{Portal\|Companies}}~~

	{{Aditya Birla Group}}		{{Aditya Birla Group}}

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{{short description|Indian diversified manufacturing company}}
{{EngvarB|date=May 2014}}
{{Use dmy dates|date=May 2014}}
{{Infobox company
| name = Grasim Industries Limited
| type = [[Public company|Public]]
| traded_as = {{Unbulleted list|{{BSE|500300}}|{{NSE|GRASIM}}|[[NIFTY 50|NSE NIFTY 50 Constituent]]}}
| logo = File:Aditya Birla Grasim Logo.svg
| logo_size = 250px
| ISIN = INE047A01021
| industry = [[Fibre]] [[Chemicals]] [[Agrochemical]]s [[Textiles]] [[Insulator (electricity)|Insulator]]
| products =
| foundation = {{Start date and age|1947}} in [[Mumbai]]
| founder =
| location_city = [[Mumbai]], [[Maharashtra]]
| location_country = India
| area_served = Global
| key_people = [[Kumar Mangalam Birla]] (Chairman) Dilip Gaur (MD)
| revenue = {{increase}}{{INRConvert|78591.71|c}} (2020)<ref name="BalSheet">[https://www.grasim.com/Upload/PDF/grasim-annual-report-2019-20.pdf "BalSheet 31.03.2020"].</ref>
| operating_income = {{increase}}{{INRConvert|13573.15|c}} (2020)<ref name="BalSheet"/>
| net_income = {{increase}}{{INRConvert|6677.48|c}} (2020)<ref name="BalSheet"/>
| assets = {{increase}}{{INRConvert|244415.80|c}} (2020)<ref name="BalSheet"/>
| equity = {{increase}}{{INRConvert|90987.75|c}} (2020)<ref name="BalSheet"/>
| num_employees = 24,123 (March 2020) <ref name="BalSheet"/>
| subsid = [[UltraTech Cement]] [[Aditya Birla Capital]] 
| parent = [[Aditya Birla Group]]
| homepage = {{URL|grasim.com}}
}}

'''Grasim Industries Limited''' is an Indian manufacturing company based in [[Mumbai, Maharashtra]]. 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> It was started in 1947 as a textile manufacturer. Since then Grasim has diversified into [[Viscose]] Staple Fiber (VSF), cement, [[sponge iron]], [[chemicals]]<ref>{{Cite web|url=http://www.grasim.com/about_us/overview_business.htm#vsf_overview|title=Business overview}}</ref> and Diversified Financial Services (NBFC, Asset Management and Life Insurance).

The company is a subsidiary of [[Aditya Birla Group]]. Grasim is the world's largest producer of [[viscose rayon]] fiber with about 24% market share.<ref>{{Cite web|url=https://www.indiatoday.in/magazine/cover-story/story/20170821-grasim-industries-textile-manufacturer-aditya-birla-group-cement-viscose-rayon-fibre-1028877-2017-08-11|title=With India, Grasim Industries will celebrate its 70th anniversary|website=India Today|language=en|access-date=2018-10-21}}</ref> Textile and related products contributes to 15% of the group turnover. 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}}</ref>

==History==
Grasim Industries Limited was incorporated in 1947; 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 plants at Kharach ([[Kosamba]], [[Gujarat]]), Bharuch ([[Vilayat GIDC]], [[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 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 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, Grasim Industries Ltd. 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]].<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>

Grasim sponsored ''[[Grasim Mr. India]]'' event from 1994 to 2012 that sent the winner to compete in international events like ''[[Mister International]]'' and ''[[Mister World]]''.

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

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

== Footnotes ==
{{Reflist}}

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

{{Portal|Companies}}

{{Aditya Birla Group}}
{{Nifty 200 companies}}
{{S&P CNX Nifty companies}}

[[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]]

Grasim Industries - Revision history

Deepanboopathy: refine references and fixed typos

CleanupBot II: Removed empty portal template using script

>Tharun S Yadla: Template added