Grasim Industries Limited is the flagship company of the Aditya Birla Group. It started as a textiles manufacturer in India in 1947. Today, it is a leading global player in Viscose Staple Fibre (VSF), the largest chemicals (chlor-alkalis), largest cement producer and diversified financial services (NBFC, Asset Management and Life Insurance) player in India.
The Aditya Birla Group is a leading global player in VSF, accounting for ~17 per cent of global production.
Over the years, the company has strengthened backward integration in dissolving grade pulp, caustic soda, power and steam — major inputs required for the production of VSF.
The Chemical business was set up given it’s a critical input for manufacturing VSF, and to achieve backward integration. In the last few years, the Caustic Soda business has grown multi-fold through both organic and inorganic routes. Grasim is the largest caustic soda producer in India with a capacity of 840 KTPA [with the merger of Aditya Birla Chemicals India Ltd (ABCIL) in FY 2016, capacity has increased from 452K TPA to 840K TPA.)
The Cement business was started in 1985 with a capacity of 0.5 MTPA. 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 added 47 MTPA organically and 42 MTPA inorganically since its inception.
In June 2017, UltraTech completed the acquisition of cement plants from Jaiprakash Associates Ltd and Jaypee Cement Corporation Ltd with a total capacity of 21.2 MTPA. Post this acquisition, the total domestic capacity increased to 89 MTPA thus taking its total capacity to 93 MTPA.
Aditya Birla Nuvo Ltd, an Aditya Birla Group company was merged with Grasim w.e.f. 01 July 2017. Subsequently, the Financial Services business was demerged from the merged entity and was listed on bourses as Aditya Birla Capital Limited on 01 September 2017.