Grasim Industries Limited
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. It was started in 1947 as a textile manufacturer. Since then Grasim has diversified into Viscose Staple Fiber (VSF), cement, sponge iron, chemicals 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. Textile and related products contributes to 15% of the group turnover. It ranked 24th in the Fortune India 500 list in 2020. The company reported consolidated net revenue of over INR 76,398 Cr, and EBITDA of INR 15,766 Cr. in FY 2021.
Main CSR focus areas that have emerged are Education, Health care, Sustainable livelihood, Infrastructure development.
In Education, they endeavour to spark the desire for learning and knowledge at every stage through formal schools, Balwadis, Quality elementary education, Aditya Bal Vidya Mandirs, Girl child education, Non formal education.
In Health care their goal is to render quality health care facilities to people living in the villages and elsewhere through their Hospitals. Primary health care centres, Mother and Child care projects, Immunization programmes with a thrust on polio eradication, etc.
For Grasim, sustainability is more than protecting the environment. They are adopting new processes and technology to ensure safety at the plant and providing sustainable livelihood opportunities to surrounding communities while safeguarding the environment. Over 50% reduction in water consumption by the pulp and fibre business. Output material is reused at every step of the process through closed-loop fibre manufacturing. Grasim’s VSF unit at Nagda is the lowest consumer of water globally. Four USDA certified Biobased products – Birla Viscose, Birla Modal, Birla Excel and Birla Spunshades. Grasim is the first VSF Company to receive Gold Level Material Health Certificate by C2CPII, USA for dope dyed VSF.
Their shareholding pattern consists of Promoters and Promoter Group having 42.09% of shares, Public having 26.62% shares, followed by FII’s having 15.10% shares and DII’s with 15.99% shares.
