Financial Services

Aditya Birla Capital Limited (ABCL)

Chemicals

Aditya Birla Chemicals (Thailand) (ABCTL)

Fashion

Aditya Birla Fashion and Retail Limited (ABFRL)

Trading

Aditya Birla Global Trading

Aditya Birla Health Insurance Limited (ABHICL)

Carbon Black

Birla Carbon

Paints

Birla Opus

Cellulosic Fibre

Century Enka

Domsjö Fabriker (Domsjö)

Textiles

Grasim Industries Limited

Metals

Hindalco Industries Limited

Indo Thai Synthetics Company Limited

Novelis Inc

Cement

UltraTech Cement Limited

Telecom

Vodafone Idea Limited (Vi)

Hindalco Industries Limited is the metals flagship company of Aditya Birla Group. It is one of Asia’s largest producers of primary aluminium (excluding China), and with its subsidiary Novelis, a global leader in flat rolled products and the world’s largest recycler of aluminium.In India, Hindalco is the largest aluminium downstream player providing customised solutions in flat rolled products and extruded aluminium solutions.Hindalco is India’s largest copper producer, contributing significantly to India’s domestic refined copper requirements. Its copper facility in India comprises a world-class copper smelter, downstream facilities, and a captive jetty.Hindalco operates across the value chain, from bauxite mining, alumina refining, coal mining, captive power plants, and aluminium smelting to downstream rolling, extrusions, and foils. It serves key sectors such as aerospace and defence, building and construction, electricals, and electronics, automotive and transport, beverage packaging, consumer durables and kitchenware, pharmaceuticals and food packaging, EV and renewables, refractories, and ceramics.Hindalco’s global footprint spans 52 manufacturing units across 10 countries-20 plants in India, and 32 overseas units. Hindalco also operates 23 mines. With a cross-cultural workforce of more than 68,500 people, it remains committed to building an agile, responsive, and productive work environment in line with our strategic priorities of value enhancing growth and strong ESG commitment. &nbsp;<h3>Products</h3>Aluminium<ul><li>Primary aluminium</li><li>Aluminium value added.</li><li>Flat Rolled Products (FRP)</li><li>Extrusions</li><li>Foils and packaging solutions</li><li>Metallurgical alumina &nbsp;</li></ul>Copper<ul><li>Cathodes</li><li>Continuous Cast Rods (CCR)</li><li>Gold and silver</li><li>By-products</li><li>Di-Ammonium Phosphate (DAP)</li><li>Sulphuric acid &nbsp;</li></ul>Chemicals<ul><li>Calcined alumina</li><li>Alumina hydrate</li><li>Sustainability</li></ul> Guided by its purpose of building a Greener, Stronger, Smarter world, Hindalco has made sustainability the backbone of its operations and strategy. Some key initiatives include global-first circular economy solutions that utilise bauxite residue as an industry input rather than waste and pioneering responsible mining through developing India’s first Sustainable Mining Charter. Initiatives for carbon neutrality, water positivity, biodiversity, and zero waste to landfill have contributed to Hindalco being recognised as the world’s most sustainable aluminium company by the Dow Jones Sustainability Indices in 2020 and 2021.&nbsp; Hindalco drives R&amp;D in aluminium solutions because these can play a big role in delivering climate action and sustainable decarbonisation for the nation. We innovated India’s first aluminium trailer, bulker, and bus which can save up to 300 tonnes of carbon per vehicle over their lifetime. We are building new-age rail and transport solutions for freight and passenger transport. We are creating an Aluminium-Air battery that does not require a charging infrastructure.

<h3>Dear fellow shareholders,</h3>Last year at the AGM I spoke about the Aditya Birla Group’s Purpose – which is ‘To enrich lives, by building dynamic and responsible businesses and institutions, that inspire trust’. &nbsp;Today I would like to talk about what we see as the overarching inspiration for Hindalco and the Group which is – to be a Force for Good.Let me elaborate.In a rising India, a Viksit India, industry has a major role to play by building world class solutions. Over the last several years, the focus of Hindalco has been to build a responsible metal value chain, which touches almost every aspect of our lives. Hindalco today extends from mining, where our extended communities grow mangoes and pears on reclaimed lands, to the sheets of metals that feed a diverse set of industries – aerospace, automotive, railways, marine applications, electricals, building &amp; construction, pharma, kitchenware. So, in a sense, Hindalco is a part of our land, skies, seas, our homes, cars and devices.Hindalco’s high purity <a href="/businesses/sectors/metals/">metals</a>, Aluminium and Copper are fuelling India’s digitalisation and e-mobility initiatives. The Hindalco story exemplifies Vikas, which is more than just development. It is progress for good.&nbsp;<h3>Let me now talk about the broader macroeconomic context for Hindalco</h3>Global economic growth remains resilient despite some moderation in pace. IMF projects GDP growth to remain steady in 2024 at 3.2%, compared to 3.3% in 2023, on moderating inflation, accommodative financial conditions and rising global trade. Growth in advanced economies is projected at 1.7% in 2024. In comparison, growth in emerging market economies is projected at 4.3% in 2024, moderating slightly from 4.4% in 2023. Despite a slight slowdown in China, Emerging Asia continues to remain the main engine of global growth, accounting for almost half of global growth in 2024. &nbsp;Disruptions, fiscal challenges, rising geopolitical tensions, and climate change remain key risks to economic growth.On the domestic front, economic activity continues to be resilient. RBI projects that inflation will decline to 4.5% in FY25 from 5.4% in FY24. The Union Budget’s focus on fiscal prudence, job creation and capex will continue to support economic momentum. Going forward, the RBI projects GDP growth to remain robust at 7.2% in FY25. High-capacity utilisation, healthy balance sheets of banks and corporates, sustained manufacturing and services activity and the Government’s continued thrust on infrastructure spending suggest a positive outlook. There are macro factors driving the consumption of aluminium and copper – India’s focus on key infrastructure segments such as transport, railways, energy, construction, etc. are helping to fuel demand for customised metal solutions. Consequently, aluminium consumption – which was at 5 million tonnes in FY24 — is expected to double to approximately 10 million tonnes over the next decade.Similarly, the demand for copper is showing accelerated growth. Urbanisation is driving demand for wires and cables in housing, consumer electronics segments, renewables and EVs. We expect copper consumption to grow by 10% over the next few years.In short, Hindalco’s metals play a critical role in the macro trends of Vikas that will shape the coming decade – Urbanisation, Digital Life, Clean Energy &amp; Renewables, E-Mobility &amp; Storage.&nbsp;Hindalco is using this opportunity strategically to expand capacities and add new products and solutions that cater to India’s emerging needs, such as infrastructure for EVs and solar energy.&nbsp;Hindalco has invested in key downstream expansions to offer metal solutions and value-added products to our customers. The new assets, such as the Silvassa extrusion plant, the upcoming Aditya Flat Rolled Products plant in Odisha, the battery enclosure fabrication plant at Chakan, the specialised aluminium battery foil plant in Odisha are set to transform our operations.&nbsp;For instance, our Silvassa extrusion plant and Chakan battery fabrication plant will be pivotal in tapping into the growing EV market. The aluminium battery foil plant allows us to play in both domestic and international cell manufacturing value chains. We are also focused on high-end Building &amp; Construction segments. With world-class anodizing, powder coating, and precision fabrication capabilities, we are able to deliver a premium portfolio at attractive &nbsp;economics.&nbsp;&nbsp;<h3>Supporting Vikas is not new for Hindalco</h3>In many ways, Hindalco’s evolution has matched India’s development step by step. The dream of a self-reliant India led to your Company building India’s first integrated aluminium complex in Renukoot, Uttar Pradesh in 1958. Your Company steadily expanded its operations to cover the entire value chain – from bauxite mines to alumina smelters to primary aluminium and a wide range of downstream value-added products. This integrated approach allows for better control over quality and efficiency. It has helped us achieve 99.98% metal purity, consistently, making us one of the best quality aluminium producers in the world. Our high purity aluminium meets the stringent requirement of high-end sectors like defence and aerospace, and scientific and research instruments. We have played a major role in indigenisation of strategic, aerospace grade aluminium alloys products. In fact, HAAL – <a href="/businesses/companies/hindalco-almex-aerospace-limited-haal/">Hindalco Almex Aerospace Limited</a> - was specifically set up as an Atmanirbhar project to cater to the nation’s aerospace ambitions. We have collaborated on successful launch projects, including the Chandrayaan 3 and Aditya L-1, where we provided high-grade aluminium billets and extrusions.Along with Aluminium, the Copper we produce has also been supporting India’s growth story. Over the past 25 years, Birla Copper has developed deep, trust-based relationships with our customers in India and helped create a thriving copper industry in the country that is increasingly competing not just in India but also expanding its wings globally especially in the wires &amp; cables segment. We are today electrifying 2 in every 3 households in the country with our copper. We have also been part of over 90% of the railway electrification done in India. Our newly developed Cu-Silver alloys are ushering in the next phase of high-speed and urban transportation with applications in the high-speed freight corridors and the metros.&nbsp;<h3>Aluminium and Copper are essential metals for driving sustainable progress&nbsp;</h3>Your Company is committed to pioneering the green transition in India while enabling India’s growth aspirations. This would mean taking big, bold steps across our operations – from upstream to downstream. Let me touch upon some of our pivotal projects in Alumina, Aluminium, and Copper.Your Company is setting up a greenfield alumina refinery in Rayagada, Odisha. The first phase of 850,000 tonnes is expected to be commissioned in FY27. Coming to Aluminium upstream, Hindalco is currently evaluating a nearly 200,000 tonne-brownfield expansion at its Aditya Aluminium smelter in Odisha, which will be substantially powered by renewable energy. Hindalco also has plans to expand its Copper smelting capacity and is exploring setting up a brownfield facility in Gujarat to meet the growing needs of the country for this critical metal. Your Company is building India’s largest Copper Inner Groove Tube plant at Wagodia, Gujarat. This project will be commissioned by the end of this calendar year and will reduce the import dependence for this key component in air conditioners.&nbsp;Novelis continues to make steady progress across a number of strategic capital investments. The largest among these is the US rolling and recycling investment in Bay Minette. With a finished goods capacity of 600,000 tonnes, Bay Minette will be a highly sophisticated and automated plant that will provide us with a first-mover advantage. We have already secured long-term contracts for all the new beverage packaging capacity at this plant, which is expected to begin commissioning in the second half of calendar year 2026. On other key projects that are underway, Novelis has begun commissioning the highly advanced automotive recycling centre in North America, and has also recently announced a UBC (used beverage can) recycling expansion in Latchford, UK. These investments will help increase the recycled content of our products while reducing carbon emissions&nbsp;Our expansions across the India business and <a href="/businesses/companies/novelis-inc/">Novelis</a>, will entail investments of $10 billion for ongoing projects as well as the ones envisioned in the near-term. This includes the Aluminium and Copper smelter expansions, the Aditya FRP plant, the new alumina refinery in Rayagada, and the Bay Minnette expansion in Novelis.&nbsp;&nbsp;<h3>Let me now turn to your Company’s performance in FY24</h3>In a year defined by geopolitical uncertainty and macroeconomic volatility, your Company delivered an outstanding performance across all business segments. In FY24, consolidated EBITDA rose to ₹25,728 crore, a 7% growth over the previous year. This strong performance was backed by lower input costs, higher volumes and improved margins across all our businesses. The India Aluminium Upstream business EBITDA margins continued to be among the best in the industry globally. Our overseas subsidiary, Novelis, registered an improved EBITDA per tonne in Q4, driven by lower operating costs, favourable metal benefits and market recovery., Beverage packaging shipments increased sequentially each quarter of fiscal 2024 and demand for sustainable packaging continues to strengthen.The Copper Business achieved exemplary results in FY24 with an all-time high EBITDA of ₹ 2,616 crore, a 16% increase over the previous year. Not only did the business cross 500,000 tonnes in sales for the first time, but also emerged as the 2nd largest Copper Rod producer globally outside of China.Coming to Specialty Alumina, I am pleased to share that this business has showcased outstanding results, solidifying our position as a leading global supplier in the Refractory, Ceramics, Flame Retardants, and Water Treatment chemicals markets. Looking ahead, our Superfine Precipitated Hydrate plant, India's first and only producer of this lifesaving flame-retardant material for wires and cables, will be ready for commercialization in FY25. Our White Fused Alumina project also made significant progress by the successful launch of the "FUSALOX" brand and the first commercial deliveries. These initiatives will enhance our self-reliance and bolster the Make in India campaign.&nbsp;<h3>Capital allocation framework</h3>Your Company continues to execute its well structured capital allocation plan, directing free cash flow towards organic growth and dividend distribution. Despite repaying ₹5,195 crore of debt in the Hindalco India business during the year, your Company maintained a strong balance sheet and solid liquidity. This positions us well to drive our future organic growth plans through prudent capital allocation.&nbsp;<h3>Let me now come to the dividend recommendation</h3>For the fiscal year 2023-24, the Board of Directors has recommended a dividend of ₹3.5 per equity share. This is in line with our dividend policy and reflects the need to plough back capital into strategic growth projects for long-term value creation.&nbsp;<h3>Let me briefly touch upon the performance in Q1 FY25</h3>Hindalco had a strong start to the year. Consolidated EBITDA surged to ₹7,992 crore in the first quarter, up 31% year-on-year. Consolidated net profit rose to ₹3,074 crore, reflecting a &nbsp;25% growth over the prior year quarter. This strong performance was supported by consistent operational excellence, cost optimization measures, and strong macros. Hindalco maintained a solid balance sheet and liquidity position which helped the Company keep the Net Debt to EBITDA ratio below 1.5x. Looking ahead, our strong cash position will continue to fuel your Company’s growth vision.&nbsp;<h3>Moving to our ESG focus, decarbonisation is a key pillar of our operations&nbsp;</h3>We had earlier said that any smelter expansion will happen subject to the availability of renewable power. With our large scale round-the-clock renewable hybrid power solution on track, we will soon have the ability to substantially power new expansions with renewable power. This is sustainable metal in action – <a href="/businesses/sectors/renewables/">renewable energy</a> and worldclass expertise coming together to deliver lightweight metals that support circularity and decarbonisation.&nbsp;&nbsp;<h3>Let me share some highlights of our ESG journey.&nbsp;</h3>We have invested in a first-of-its-kind 100 MW hybrid round-the-clock project with storage which is on course to start commissioning by the first half of CY25. This project was recognised with the Energy Transition Changemaker award at COP28. This power will be used for an aluminium smelting operation.In another industry first, we have partnered with a start-up to use block chain technology to manage waste at Aditya Aluminium.Hindalco has attained single-use plastic (SUP) free certifications across 16 sites in India and is in the process of phasing out plastic in all our sites.Spent Pot Lining (SPL) waste from our Hirakud and Aditya smelters is today being used by cement companies in their production process, reducing waste to landfill, and lowering carbon emissions.We have utilised over 100 per cent of fly ash and bauxite residue in three of our four alumina refineries. Overall, 85% of our waste has been upcycled in FY24.&nbsp;Novelis has recycled 2.3 million tonnes of aluminium scrap, amounting to 63% of the material used in production in FY24.&nbsp;As part of our afforestation efforts, we have planted over 4 lakh trees and have a cumulative green cover spanning 5,705 acres of land. With our focus on renewables, lightweighting, sustainable mining, and more, we are completely aligned with meeting India’s Net Zero targets, while also contributing to water and biodiversity conservation.&nbsp;&nbsp;<h3>Metals for Sustainable Vikas – that’s the essence of Hindalco</h3>Our metals are foundational elements for progress, specifically progress that is responsible and sustainable. We continue to stay agile so that our metals can continue to enable India’s progress and meet the evolving needs of our customers.&nbsp;On behalf of your Company's Board, I would like to record my deep appreciation to the banks, financial institutions, stakeholders, business associates and the state and Central Governments. Their steadfast support has been instrumental in our journey of growth. And to our Shareholders, your unwavering confidence is greatly valued and inspires us to innovate and reach for greater heights.&nbsp;Thank you very much!Kumar Mangalam Birla&nbsp;&nbsp; Chairman&nbsp;Read about <a href="/businesses/companies/hindalco-industries-limited/">Hindalco</a>

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Kumar Mangalam Birla’s speech at the 65th annual general meeting of Hindalco Industries Limited

Chairman's message

Grasim Industries Limited is the flagship company of Aditya Birla Group. It started as a textiles manufacturer in India in 1947. Today, it has evolved into a leading diversified player with leadership presence across many sectors. It is a leading global producer of Viscose, Diversified Chemicals, Linen Yarn and Fabrics producer in India.&nbsp;The company recently has entered paints business under the brand name ‘Birla Opus’ and would be setting up six plants of manufacturing decorative paints across Pan India locations.&nbsp;Leveraging the Group synergies, Grasim has launched “Birla Pivot”, the B2B online marketplace for building materials. Through its subsidiaries, UltraTech Cement, Aditya Birla Capital and Aditya Birla Renewables, it is also India’s prominent cement producer, leading diversified financial services player and clean energy solutions player.&nbsp;<h3>Grasim has a strong presence in the market through following businesses:</h3>Viscose Staple FibreGrasim is India's pioneer in VSF — a man-made, bio-degradable fibre that is fast emerging as a sustainable alternative to cotton. A versatile fibre, VSF is used in apparel, home textiles, dress materials, knit wears and non-woven applications. Grasim’s business, Birla Cellulose, has a range of fibres which can be used in their original form, or can be blended with all natural and synthetic fibres for enhanced comfort and feel.Starting production in 1954 at Grasim’s Nagda facility, the business has grown steadily over seven decades. The Pulp &amp; Fibre Business of Grasim derives its competitive edge from its integrated business model, with captive raw materials - dissolving grade wood pulp, caustic soda, carbon-disulphide, power generation and steam.Birla Cellulose’s product portfolio includes Livaeco™ by Birla Cellulose, Birla Modal™, Birla Excel™, Birla Viscose™ and Birla Spunshades™. Birla Cellulose fibres are of natural origin, moisture absorbent, have soft feel, and are completely biodegradable.&nbsp;Viscose Filament YarnGrasim Industries Limited is the largest viscose filament yarn (VFY) manufacturer in India and the 3rd largest globally. The company is also the largest VFY exporter in India with exports to 45 countries.VFY business became a part of Grasim Industries Limited on 1st July 2017, following the merger of Aditya Birla Nuvo Limited. Subsequently, Grasim acquired the rights to operate and manage the Century Rayon division of Century Textiles and Industries Limited (CTIL) from 1st February 2018. Since then, Grasim’s VFY production capacity has increased to 48 KTPA.Represented as the brand Raysil® (formerly known as RayOne), VFY is of 100% natural origin and its product portfolio includes 20 deniers to 1200 deniers of both bright and dope dyed viscose filament yarns. Its versatility, superior drape, fluidity and lustre make it a popular choice for manufacturing fabrics such as georgettes, crepes, chiffons, and many more.Grasim’s VFY is manufactured at its twin locations in Shahad, Maharashtra and Veraval, Gujarat.&nbsp;ChemicalsIn 1972, Grasim’s chemicals business was set up to manufacture caustic soda for the company’s VSF unit. Today, it is one of India’s largest caustic soda producers and is a market leader in the chlor-alkali segment. &nbsp;Over the years, Grasim’s chemicals business has created a strong foothold in the industry and offers a wide range of products from chlorine derivatives to epoxy.Chlor-alkali: In 2016, Grasim’s merger with Aditya Birla Chemicals India Ltd. (ABCIL) helped catapult the company’s caustic soda capacity from 452 KTPA to 884 KTPA making it the largest producer of caustic soda in India back then. Today, Grasim’s total caustic soda capacity is 1,290 KTPA. Through brownfield expansion, Grasim plans to expand the caustic soda capacity to 1,530 KTPA from 1,290 KTPA by 2024.The business uses cost-effective membrane cell technology and is largely self-sufficient in power. For gainful utilisation of chlorine, the business has portfolio of chlorine derivatives like Stable Bleaching Powder (SBP), Polyaluminium Chloride (PAC), Chlorosulphonic Acid (CSA), Chlorinated Paraffin Wax (CPW), Calcium Chloride (CaCl), Aluminium Chloride (AlCl) and Chloromethane (CMS).Epoxy: The business’ epoxy products range from basic products like liquid epoxy resins to value added products like formulated resins, reactive diluents and hardeners. The manufacturing complex at Vilayat houses a 123 KTPA capacity epoxy plant. Through expansion, Grasim plans to double the epoxy capacity to 246 KTPA by FY2024.&nbsp;TextilesGrasim ventured into the textiles industry in 1949 by setting up Jaya Shree Textiles at Rishra, West Bengal. Today, Jaya Shree Textiles is one of India’s leading linen and wool manufacturers. It has four strategic business units (SBUs) i.e., linen spinning, linen fabric, wool combing and worsted spinning. Today, Jaya Shree Textiles sells its products in over 50 countries, spanning across six continents.Jaya Shree Textiles has provided the evolving Indian fashion industry with an international edge. Finest flax is sourced from France, Belgium and other parts of Europe to make 100% pure linen. Cutting edge European technology is used to spin the fibres, weave and dye them which makes it unique and difficult to replicate. This superior technology also enables Jaya Shree Textiles to manufacture over 3000 different types of weaves, textures and blends. The company has significantly revolutionised the Indian textile market by popularising linen in India across a wide customer base with its brand ‘Linen Club’.Linen Club is the largest linen fabric brand in India with expertise in linen manufacturing and design, for more than 70 years. Linen Club is the pioneer of linen in India and is now retailed through both exclusive retail outlets and multi-brand outlets. It is the largest linen retail chain in the world.&nbsp;Know more about Linen Club (Link to Linen Club Page)&nbsp;InsulatorsAditya Birla Insulators is India’s largest manufacturer of electrical insulators and is amongst the top four insulator manufacturers globally. It produces the widest range of insulators in India including insulators for transmission lines &amp; substations up to 1200 kV voltage level, as well as equipment &amp; railways. Its total installed manufacturing capacity is 56,400 TPA with specialisation in both ceramic and composite insulators. The company commissioned Composite Hallow Core Insulators (CHCI) plant at Halol which is a joint venture between Aditya Birla Power Composites Limited (ABPCL) with Maschinenfabrik Reinhausen GmbH of Germany in 2019. Know more about Aditya Birla Insulators (Link to Aditya Birla Insulators’s page) and Aditya Birla Power Composites Limited (Link to Composite’s business page)&nbsp;PaintsThrough Birla Opus, Grasim aims to be one of the biggest players in the fast-growing decorative paints industry. It plans to set up six manufacturing plants in Haryana, Punjab, Karnataka, Tamil Nadu, Maharashtra, and West Bengal till FY 2025 with a total capacity of 1,332 MLPA and a project cost of ₹10,000 Crore.The trial run for Birla Opus’s three plants began in the third quarter of FY23-24. It’s painting service, branded as PaintCraft, had completed projects at more than 150 sites by December 2023.&nbsp;&nbsp;B2B E-CommerceBirla Pivot, the B2B e-Commerce platform for building solutions, is a business unit of Grasim Industries Ltd. Birla Pivot will primarily focus on MSMEs in the Building Materials segment with the potential to further extend to other relevant categories. It’s key value proposition is an integrated procurement solution including on-time delivery and a superior product range at competitive pricing.&nbsp; Covering a spectrum of building materials, Birla Pivot aims to become a one-stop destination for all procurement needs. Birla Pivot has already onboarded over 120 brands and 5500+ SKUs (stock keeping units), providing its customers with a diverse range of categories &amp; products. These categories are steel, cement, tiles &amp; surfaces, ply &amp; laminates, doors, windows, sanitary &amp; bath fitting, among others. The platform is rapidly launching across North, West &amp; South India.

<h3>Dear Shareholders,</h3>Once again a warm welcome to the 77th Annual General Meeting of Grasim Industries.&nbsp;Our founding fathers envisioned business as an agent of positive change, rooted in the enduring friendship between Mahatma Gandhi and GD Birla, which predates India's independence. It harks back to a time when moral clarity provided a guiding light, and when business was imbued with a deeper meaning than just material concerns. This foundational philosophy has guided us across generations and business cycles. Every decade and every business cycle posed new questions. And we have demonstrated the resilience of our purpose time and again. And this purpose is aptly captured in our Group’s new positioning statement, <a href="/our-story/a-force-for-good">A Force for Good</a>. At its core, this statement further energizes us to use our scale, resources, and leadership to amplify and create better outcomes for all our stakeholders—employees, consumers, partners, investors and the society at large. I have always believed that the stronger we grow, the greater the impact we create and the more we inspire to become a force for good.Before we reflect on your Company’s performance, I would like to briefly touch upon the broader macroeconomic environment we are operating in.&nbsp;<h3>Macroeconomic Outlook</h3>Economic activity remained robust throughout the global disinflation of 2023 defying warnings of stagflation and global recession. The IMF reported that global GDP grew by 3.3 per cent in 2023, which is only 10 bps points lower than the pre-pandemic average (2013-2019) of 3.4 per cent, despite all the disruptions induced by geopolitical events.&nbsp;Looking ahead, growth is expected to be stable with projected rates of 3.2 per cent in 2024 and 3.3 per cent in 2025.While the U.S. economy exhibited robust growth in 2023, achieving a 2.5 per cent increase, defying many economists' recession forecasts, the Euro area recorded a modest growth of 0.5%. The IMF has revised its projections for EU growth in 2024, raising it by 10 bps points from 0.8 percent to 0.9 per cent.In China, the real estate sector continues to face challenges and remains a drag on GDP. However, recently, the IMF revised China's growth forecast for 2024 upwards from 4.6 per cent to 5 per cent, mainly due to a rebound in private consumption and strong exports in the first quarter.The Indian economy, though, remains resilient despite global risks, growing at a strong pace in FY24. Real GDP growth accelerated to 8.2 per cent from 7.0 per cent in the previous year, marking the third consecutive year of 7 per cent or higher growth. Investment played a key role in driving domestic demand, with gross fixed capital formation (GFCF) rising to 9 per cent in FY24 from 6.6 per cent in FY23, largely supported by government spending on infrastructure.The outlook for the Indian economy remains positive, supported by strengthening macroeconomic fundamentals, a robust financial and corporate sector, and a resilient external sector. The government’s continued thrust on capex while pursuing fiscal consolidation, and consumer and business optimism augur well for investment and consumption demand.India is truly poised for a multi-decadal growth boom, with the Government's ambitious vision of a 'Viksit Bharat” acting as a powerful catalyst to drive economic momentum. The ‘Viksit Bharat’ goal resonates deeply with Grasim's own journey. Over the last five financial years, your Company, along with its subsidiaries, has allocated over ₹50,000 crore in capital expenditures, with 77% directed towards growth initiatives.As India continues its rapid economic growth journey, we believe that Grasim is well-positioned to capitalize on the opportunities. Grasim has established leadership across key themes and is entering new businesses with high growth potential, enabling it to navigate efficiently through economic cycles.Let me now turn to your Company’s performance.&nbsp;<h3>Your Company’s Performance</h3>Your Company has achieved an exceptional milestone with the highest-ever annual revenue of Rs 1,30,978 crore for the financial year FY 2023-24, surpassing $15 billion in consolidated revenues. The Company has also achieved its highest-ever consolidated EBITDA of Rs 20,837 crore. Your Company achieved record sales volumes in Cement, Cellulosic Fibres, Chlor Alkali, and the Speciality Chemicals businesses.&nbsp;<h3>Let me cover the performance of the key business segments.&nbsp;</h3>Given the housing and infrastructure boom in India, the Building Materials segment is expected to experience significant growth over the next several years. Cement and Decorative paints are poised to be key segment of this expansion, with robust demand projected across the nation. With our cement business, UltraTech, our decorative paints business, Birla Opus, and our B2B e-commerce platform for building materials, Birla Pivot, we are well-equipped to lead the charge in meeting the rising needs of India's construction sectorOur cement business, housed in our subsidiary, <a href="/businesses/brands/ultratech-cement">UltraTech Cement Limited</a>, &nbsp;is today the third largest cement company in the world, excluding China. In April this year, your Company marked a historic milestone of 150+ MTPA production capacity. This capacity surpasses 150% of the capacity in the United States and constitutes 80% of Europe's capacity. &nbsp;In FY 24, the business recorded net revenues of Rs 70,908 Crore and EBITDA of Rs 13,586 Crore. In FY24 alone, your Company increased its cement production capacity by 13.8 MTPA through expansion projects. With the completion of the ongoing expansion projects across India, and after the receipt of requisite &nbsp;approvals for the recently announced acquisitions of Kesoram Cement and India Cements, our total cement capacity will surpass the 200 MTPA by FY27.In the Paints business, In April this year, your Company commenced production at three plants, with the remaining three on track for completion. All six plants will be fully operational by FY25. These manufacturing units located across the country are fully integrated, connected, and automated, enabling large-scale production of over 1,200 SKUs with consistent superior quality, powered by renewable energy and adhering to a zero liquid discharge policy. This year, ₹4,471 crore was invested in capital expenditure, bringing the total investment in the paint business to nearly ₹7,000 crore since its inception. &nbsp;Its ‘Make Life Beautiful’ advertisement has received an overwhelmingly positive response. Similarly the response from the Painter and Contractor fraternity is very positive, reinforcing our strategy to eliminate the ‘pain’ from painting. We remain confident in our guidance of achieving ₹10,000 crore in revenue within three years of full-scale operationsThe B2B e-commerce business for building materials, "Birla Pivot” crossed the Rs 1,000 crore revenue milestone in its first year of operations. The business has expanded its portfolio to include 35 product categories and over 18,000 SKUs, sourced from more than 150 Indian and international brands, delivering to over 200 cities across 25 states. Our private labels under the Birla Pivot brand are receiving an excellent response. With the strong growth trajectory in the construction materials sector and the rapid digital adoption across industries, Birla Pivot aims to achieve $1 billion in revenue within the next three yearsOur Cellulosic Fibres business, that includes both Cellulosic Staple Fibre (CSF) and Cellulosic Fashion Yarn, achieved a segment revenue of ₹14,949 crore. Improved utilization levels, coupled with a decline in input costs, led to a &nbsp;67% year-on-year growth in EBITDA. The Staple Fibre business recorded its highest-ever sales volume of 810 KT for FY24, marking a 14% increase year-on-year meeting the increased demand from the downstream value chain. The CSF business consistently strives for excellence in customer centricity and product quality, with sustainability remaining a top priority. For the fourth consecutive year, Birla Cellulose was awarded the highest "Dark Green Shirt" rating by the global NGO Canopy Hot Button, recognizing our unwavering commitment to sustainability. In textile recycling and circularity, we made significant progress, with Liva Reviva now incorporating 30% pre-consumer textile waste. Additionally, our Sustainable Flame-Retardant fibres have secured certification from the Defence Research and Development Organisation and the Indian Navy. Our business continues to innovate, with several new products currently in the lab stage, set to be introduced to the market in due course.In our Chemical business, Caustic sales volumes reached a record high of 1,205 KT, while Speciality Chemicals sales volumes also hit a peak at 95 KT, contributing 26% to the total Chemicals segment revenue. The segment's total revenue stood at ₹8,213 crore, with EBITDA at ₹1,054 crore. Chlorine integration improved to 62%, up from 60% in the previous year. Recently, we doubled our capacity in the Speciality Chemicals Epoxy business and are actively exploring multiple downstream chlorine chemistries to further enhance chlorine integration. The Lubrizol CPVC resin plant project is progressing as planned, which will further support our chlorine integration strategy.On to our, Textiles business: In line with our strategy to transition from pure manufacturing to building brands, our Textiles business has successfully established brands like ‘Linen Club,’ ‘Soktas,’ and ‘Giza House,’ now available at over 230 Exclusive Brand Outlets and more than 9,000 multi-brand outlets. Furthermore, our commitment to excellence and a positive work culture has earned our Textiles business the prestigious 'Great Workplace' recognition from the Great Place to Work Institute.Your company’s financial services subsidiary, Aditya Birla Capital is poised for transformational growth adopting a customer-first and digital-first approach. This has led to the development of multiple state-of-the art customer-facing digital platforms helping Aditya Birla Capital augment its digital footprint. The business achieved the highest ever combined (NBFC + HFC) loan book of Rs 1,24,059 crore and the highest ever AUM of Rs 4,36,442 crore.Your company's Renewables business, under the subsidiary <a href="/businesses/sectors/renewables">Aditya Birla Renewables</a>, is an emerging clean energy solutions provider in India. With a cumulative installed capacity of approximately 1 GW across 42 projects in 10 states, the business is on track to achieve 2 GW by the end of this year. The Group's major manufacturing businesses—Grasim, Ultratech, Hindalco, and Birla Carbon—have all committed to achieving 'Net-Zero' emissions by 2050. Aditya Birla Renewables plays a crucial role in meeting the renewable energy needs and decarbonization targets of these Group companies.&nbsp;<h3>Moving on to Capital Expenditure</h3>Over the past five years, Grasim has invested ₹50,000 crore in capital expenditures, with 77% dedicated to growth initiatives. Remarkably, 40% of this amount—nearly ₹20,000 crore—was spent in FY 2023-24 alone, marking the largest-ever capital expenditure in our history. This substantial investment positions us for sustained growth and value creation for all our stakeholders.&nbsp;<h3>Let me now talk about your Company’s Sustainability Focus</h3>For more than seven and a half decades, Grasim has built global-scale businesses through relentless innovation, capacity expansion, and the pursuit of high-growth opportunities. As we continue to evolve, our commitment to a more sustainable future drives us. Our sustainability agenda is founded on rigorous analysis and innovative solutions, with the goal of becoming a net-zero company by 2050. We are actively working to reduce our carbon footprint and enhance environmental sustainability through various measures.We are increasingly focusing on boosting our renewable power share across all our businesses. In the Chlor-Alkali business, we are reducing greenhouse gas emissions, while our Cellulosic Fibre business is targeting a 50% reduction in emission intensity. Similarly our <a href="/businesses/sectors/textiles/" target="_blank" rel="noopener noreferrer">textiles business</a> is progressing towards a higher share of renewable power.Water conservation is a critical element of our sustainability journey, and we are striving to reduce water consumption in our manufacturing processes. Waste management and circularity are also key components of our strategy, with efforts to grow circular products and build capacity to meet the demand for recycled fibre.This year, our sustainability efforts received a significant boost with a ₹1,250 crore investment from the International Finance Corporation, the private sector arm of the World Bank Group. This investment, through the subscription of Sustainability-Linked NCDs, will accelerate Grasim’s decarbonization initiatives by enhancing our adoption of renewable energy and advancing water recycling in our paints manufacturing process.I am proud to announce that our commitment to sustainability and responsible business practices has been recognized by leading global rating agencies. We have achieved an S&amp;P Global CSA Score of 68 and a BBB rating in ESG from MSCI. The CDP has awarded us a B score for our climate change initiatives, and Sustainalytics has given us an ESG Risk Rating of 27.9, reflecting our strong management of material ESG risks.&nbsp;<h3>Human Capital&nbsp;</h3>As part of our commitment to being a ‘Force for Good’ diversity and inclusion remain central to our priorities. We have empowered our employees to develop their skills and reach full potential through numerous learning and development events at Gyanodaya, our dedicated training center, as well as outreach programs at our units and offices across India.Our governance framework, overseen by a competent and diverse Board of Directors, ensures ethical operations and compliance with regulations, thereby promoting a culture where responsible governance and sustainability are deeply intertwined, fostering a resilient and purpose-driven organisation.&nbsp;<h3>Dividend&nbsp;</h3>Based on your Company’s performance, your Directors have recommended a dividend of ₹ 10 per equity share with a face value of ₹ 2 each, and for partly paid-up shares, the dividend will be paid in the proportion of paid-up value per equity share for the year ended 31st March 2024. The dividend, if approved by the members, would involve a cash outflow of ₹ 669 crore.Beyond Business, we continue to touch lives and uplift communities through interventions that embody the philosophy of being ‘A Force for Good’.Through our CSR initiatives, led by Mrs. Rajashree Birla, your Director and the Chairperson of the Aditya Birla Center for community initiatives and rural development, we have created positive impact across India, reaching over 12 lakh people across 300+ villages. We have spent over ₹58 crore in FY24, exceeding the statutory requirement of 2% of average net profit, and shaping a future where business success and community development go hand in hand.&nbsp;<h3>Conclusion</h3>From FY20 to FY24, your Company has increased consolidated revenues by Rs 56,000 crore, recording a compounded annual growth rate (CAGR) of 15%. This growth has come with the highest‑ever operating profit, which has grown at &nbsp;a CAGR of 11%. Our market capitalisation has surpassed the milestone of Rs 1,50,000 crore, adding over Rs 45,000 crore in value and generating over 40% returns for investors during the year.The year also marked a significant milestone for your Company with a successful fundraising of Rs 4,000 crore through a rights issue which was oversubscribed nearly twice. My special thanks to all our shareholders for the trust you have reposed in us. Your continued faith and support in our transformational journey is truly appreciated.Looking ahead, we see tremendous growth potential in our established businesses—Cement, <a href="/businesses/sectors/cellulosic-fibre/">Cellulosic Fibres</a>, and Chemicals—while our emerging ventures in Paints and B2B e-commerce are set to become key drivers of our future success. The combination of our robust scale businesses and these new growth engines positions us to capitalize on opportunities and lead with strength in the years to come.On behalf of your Company’s Board, I extend our heartfelt appreciation to our stakeholders, business partners, and the Central and State Governments for their support. We are deeply grateful for the dedication of our employees, who have been instrumental in driving our growth.&nbsp;Thank you very much!Kumar Mangalam Birla&nbsp; Chairman&nbsp;&nbsp;Read about <a target="_blank" rel="noopener noreferrer" href="https://develop.adityabirla.com/businesses/companies/grasim-industries-limited/">Grasim</a>

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Kumar Mangalam Birla’s speech at the 77th annual general meeting of Grasim Industries

<h3>Foundational years</h3>Aditya Birla Group has been a part of India's journey right from independence to its subsequent industrialisation. Its roots trace back to 1857, when a modest cotton trading business was established in the quaint village of Pilani, Rajasthan. This humble beginning would eventually evolve into a corporate behemoth that would play a pivotal role in shaping the nation's economic destiny.The Group’s founder, Shri G.D. Birla was not merely a businessman but a fervent patriot. His active participation in India's freedom struggle was as resolute as his entrepreneurial spirit. Post-independence, with the nation yearning for self-reliance, Mr. Birla's entrepreneurial acumen found its true calling. Just ten days after India gained freedom, he established Grasim, laying the foundation for the Group's industrial empire. Soon after, Hindalco emerged as another cornerstone, solidifying the Group's position in the metals sector.&nbsp;<h2>The building blocks</h2><img class="image_resized image-style-align-left" style="width:30%;" src="https://www.cms.adityabirla.com/uploads/grasim_flagship_66e7445133.webp" alt="grasim-flagship.webp"><h3>Grasim: From fibre to flagship</h3><a href="/businesses/companies/grasim-industries-limited/">Grasim</a>, the Group's flagship company, embarked on its journey in 1947, driven by a vision to address India's textile shortage. What began as a rayon-based weaving unit soon evolved into a diversified giant. The 1950s witnessed steady growth with the establishment of the first weaving unit and the subsequent foray into viscose staple fibre (VSF) production. This innovation proved to be a game-changer for India's textile industry.The Group's relentless pursuit of excellence led to the establishment of the Pulp and Engineering division and the Birla Research Institute for Applied Sciences. A breakthrough came in the form of the world's first patent for developing pulp from mixed hardwood, laying the foundation for Grasim's expansion.<div class="page-break" style="page-break-after:always;">&nbsp;</div>&nbsp;<figure class="image image_resized image-style-align-right" style="width:30%;"><img src="https://www.cms.adityabirla.com/uploads/hindalco_industry_34ffba545c.webp" alt="hindalco-industry.webp"></figure><h3>Hindalco: Shaping the metal industry</h3>Hindalco's story is intertwined with India's industrial aspirations. Established in 1958, the company's first integrated aluminium facility at Renukoot marked a significant milestone in the nation's industrial landscape.&nbsp;The amalgamation of aluminium and copper businesses further transformed Hindalco into a non-ferrous metals powerhouse. Strategic acquisitions and organic growth propelled the company to global prominence, culminating in the acquisition of Novelis, the world's largest aluminium rolling company.<div class="page-break" style="page-break-after:always;">&nbsp;</div>&nbsp;<img class="image_resized image-style-align-left" style="width:25.08%;" src="https://www.cms.adityabirla.com/uploads/ultra_tech_cementing_2d2280ad26.webp" alt="ultra-tech-cementing.webp"><h3>UltraTech: Cementing a strong foundation</h3>With roots tracing back to the 1980s, <a href="/businesses/companies/ultratech-cement-limited/">UltraTech Cement's</a> journey is a testament to strategic acquisitions and organic growth. From its inception to becoming India's largest single cement company, UltraTech's ascent is marked by key milestones such as the acquisition of L&amp;T's cement business in 2003, and the mergers with Jaypee Cement in 2017 and Century Textiles &amp; Industries Ltd in 2019. Furthermore, adding capacities with new greenfield and brownfield expansions has solidified UltraTech’s position as a global cement giant.<div class="page-break" style="page-break-after:always;">&nbsp;</div>&nbsp;<h2>A new era of growth</h2><figure class="image image_resized image-style-align-right" style="width:40%;"><img src="https://www.cms.adityabirla.com/uploads/digital_transformation_dabdd5d3db.webp" alt="digital-transformation.webp"></figure><h3>Digital transformation</h3>Aditya Birla Group recognises the potential of the digital revolution to reshape industries and consumer behaviour. Birla Pivot, the Group's B2B e-commerce platform, is a testament to this forward-thinking approach. By digitising the building materials industry, Birla Pivot is addressing critical challenges and enhancing efficiency for businesses.&nbsp;<a href="/businesses/companies/aditya-birla-fashion-and-retail-limited-abfrl/">Aditya Birla Fashion &amp; Retail Limited's</a> (ABFRL) foray into the D2C space with TMRW showcases the Group's agility in adapting to evolving consumer preferences. This digital-first approach is poised to disrupt the fashion industry and create a new wave of growth for the Group.&nbsp;Aditya Birla Capital is leading the charge in India’s financial services industry. By embracing digital innovation, the company has achieved impressive growth across its lending, investment, and insurance businesses in the last two years. A strong focus on customer needs and a commitment to technology have been key drivers of success. Aditya Birla Capital has effectively used data and automation to improve services, resulting in higher customer satisfaction and stronger financial performance. The launch of their D2C platform ‘ABCD’ is another testament to this transformation journey.&nbsp;<div class="page-break" style="page-break-after:always;">&nbsp;</div>&nbsp;<img class="image_resized image-style-align-left" style="width:40%;" src="https://www.cms.adityabirla.com/uploads/new_frontiers_0642c9b58a.webp" alt="new-frontiers.webp"><h3>New frontiers</h3>The launch of <a href="/businesses/companies/birla-opus/">Birla Opus</a> marked Aditya Birla Group’s foray into the decorative paints segment. This strategic move leverages the Group's extensive distribution network, honed by its cement subsidiary UltraTech, to establish a strong market foothold. With a substantial investment of Rs. 10,000 crore, Birla Opus aims to disrupt the industry through a comprehensive range of premium paints backed by robust research and development. The brand's entry is poised to intensify competition while offering consumers a wider choice of high-quality options.The Group has further diversified its portfolio with a significant foray into the branded jewellery retail segment with the launch of <a href="/businesses/companies/indriya/">Indriya</a>. A planned investment of Rs. 5,000 crore will fuel the establishment of Indriya’s large-scale jewellery stores across India. The focus is on creating a distinctive national brand that resonates with Indian consumers through unique designs. Given the booming Rs. 6.7 trillion Indian jewellery market, the Group aims to leverage its strong brand reputation to establish a dominant position in this lucrative sector.<div class="page-break" style="page-break-after:always;">&nbsp;</div>&nbsp;<figure class="image image_resized image-style-align-right" style="width:25%;"><img src="https://www.cms.adityabirla.com/uploads/sustainability_focus_f32194ba22.webp" alt="sustainability-focus.webp"></figure><h3>Sustainability focus</h3>Aligned with global sustainability goals, Aditya Birla Group is committed to environmental stewardship and social responsibility. Hindalco's recent investments in copper recycling and battery foil production exemplify the Group’s efforts to create a circular economy and contribute to a greener future. By addressing the pressing issue of e-waste and capitalising on the burgeoning electric vehicle market, Hindalco is demonstrating leadership in sustainable business practices.<div class="page-break" style="page-break-after:always;">&nbsp;</div>&nbsp;<img class="image_resized image-style-align-left" style="width:25%;" src="https://www.cms.adityabirla.com/uploads/decarbonisation_efforts_a54ecd1331.webp" alt="decarbonisation-efforts.webp"><h3>Decarbonisation efforts</h3>Aditya Birla Group’s dedication to reducing its carbon footprint is evident in initiatives undertaken across various business units. Hindalco's expansion of renewable energy capacity, UltraTech’s focus on green energy sources, Birla Cellulose's carbon neutrality, and Novelis' closed-loop recycling system are commendable steps towards a low-carbon future. ABFRL's commitment to green buildings further underscores the Group's holistic approach to sustainability.<div class="page-break" style="page-break-after:always;">&nbsp;</div>&nbsp;<h3>A vision for the future</h3>From the swadeshi movement's fervour to the globalised landscape of today, Aditya Birla Group has been an integral part of the India story. Their journey mirrors the nation's aspirations, from self-reliance to global leadership. Their commitment to innovation, sustainability, and social responsibility has positioned the conglomerate as an ideal of progress. As India marches towards a new era of economic prosperity, Aditya Birla Group stands resolute in its pursuit of excellence, contributing to the nation's journey towards becoming a global superpower.As Shri G.D. Birla said, "It has been the policy of the House of Birla to build a business, which along with accumulating capital, develops unexplored lines, harnesses the country's undeveloped resources, promotes know-how, creates skilled labour and managerial talent, spreads education and above all, adds to the efforts of the country's leaders who struggled to build a new, independent India — free from the curse of unemployment, ignorance and disease."

A chronicle of enterprise and nation-building, Aditya Birla Group's journey is intertwined with India's progress, from its entrepreneurial roots to its status as a global industrial powerhouse. As we celebrate India’s 78th Independence Day, let’s explore how the Group has grown alongside the country.

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Independence, Industry, Enterprise

Whether you are looking to elevate your basic work attire or want that one go-to conversation starter in your wardrobe, traditional Indian handloom pieces are now a versatile choice. For years, Indian handloom has been a staple for ethnic events and celebrations, but now you can show off your love for Indian handlooms with contemporary pieces too!<figure class="image image_resized image-style-align-right" style="width:30%;"><img class="image_resized" src="https://www.cms.adityabirla.com/uploads/heritage_meets_fashion_a2362fc507.webp" alt="heritage-meets-fashion.webp"><figcaption>Image Credit: <a target="_blank" rel="noopener noreferrer" href="https://blog.jaypore.com/2024/04/29/todas-the-guardians-of-nilgiris/">Women of the Todas Tribe</a></figcaption></figure>Aditya Birla Group’s social enterprise Aadyam Handwoven, Hindalco’s Kosala and <a href="/businesses/companies/aditya-birla-fashion-and-retail-limited-abfrl/">Aditya Birla Fashion and Retail’s</a> Jaypore have together, spearheaded a movement to revive, sustain, and spotlight age-old crafts and the intricate handloom traditions of artisanal communities across the country. It isn’t just about fashion, but about marrying traditional handlooms with contemporary aesthetics. Aadyam, Kosala and Jaypore have woven a narrative that blends tradition with modernity, ensuring that these exquisite crafts find their rightful place in contemporary wardrobes. By curating a diverse range of handcrafted products, they are bringing the best of India’s artisans to a global audience - creating a platform where tradition and innovation work together, and where the stories of artisans are told through the medium of contemporary fashion.&nbsp;<h3>Heritage meets high fashion</h3>Jaypore has always prided itself in showcasing India’s most breathtaking handloom textiles. By collaborating with artisanal communities and textile designers, they create stunning pieces that effortlessly blend traditional and modern elements, making them a perfect fit for contemporary wardrobes. One of their recent launches is the Puhur collection – a line of shawls inspired by the Toda tribe of the Nilgiris, in the Western Ghats.Women of the Toda tribe, express their heritage using red and black woollen threads on white cotton fabric. Their motifs are inspired by nature and their intricate needle weaving is done on cloth, freehand – that is without any drawing or markings. Phukoor, or the heritage handicraft of richly woven reversible fabric is the perfect accessory for ethnic or casual wear. It makes a stunning impression while celebrating the wearer’s love for Indian handloom.Named after the gilded pride of Chhattisgarh, Kosa silk, Hindalco’s Kosala is geared to revive tradition and make it accessible to a global audience. Once celebrated for its high quality Kosa silk now faces the looming threat of rapid mechanisation and low-cost blending which affects both weavers and patrons alike.Hasty technological growth has left little space for hand crafted textiles that demand a greater degree of physical care, and in its place set up cheap replicas of traditionally venerated textiles like Kosa, which was revered for its natural lustrous glow.<figure class="image image_resized image-style-align-left" style="width:30%;"><img class="image_resized" src="https://www.cms.adityabirla.com/uploads/nurturing_indian_handloom_a8340df8ff.webp" alt="nurturing-indian-handloom.webp"><figcaption>Image Credit: <a target="_blank" rel="noopener noreferrer" href="https://handwoven.aadyam.co.in/">Aadyam Handwoven</a></figcaption></figure>As the divide between producers and consumers grows ever larger, the survival of traditional crafts is increasingly at risk. If the art of spinning and weaving Kosa silk is lost to just one generation, it may disappear forever.This is why Hindalco launched Kosala. The initiative has been conceptualised in association with Xynteo Vikaasa – a unique coalition working with multiple stakeholders to create sustainable growth models. It aims to revive the Kosa silk craft, a traditional skill of the Dewangan community in Chhattisgarh.&nbsp;<h3>Nurturing the roots of Indian handloom</h3>Walking through an Aadyam handloom store is an exercise in identifying Indian handlooms. From vibrant Ikat prints to unique Banarasi Mashru sarees, and the timeless beauty of Sozni embroidery from Kashmir, Indian handlooms captivate you at every turn. Perhaps, the goal of these displays is to captivate and mesmerise you because handlooms are being seen as beautiful pieces to incorporate into the modern Indian’s wardrobe.Aadyam aims to preserve India’s handloom heritage by supporting weaver communities and promoting traditional craftsmanship. Aadyam Handwoven works closely with handlooms through clusters – Bhuj, Varanasi, Pochampally, Kashmir, and Bhadohi Mirzapur. Kosala, on the other hand, is dedicated to preserving the tribal art form of Chattisgarh, creating a sustainable environment for artisans, and connecting global audiences with these unique crafts. By supporting this community, Kosala hopes to ensure that the traditional weavers of Chhattisgarh not only survive but thrive, allowing enthusiasts of traditional handlooms to enjoy the beauty of Kosa silk.<figure class="image image_resized image-style-align-right" style="width:24.99%;"><img src="https://www.cms.adityabirla.com/uploads/empowering_hands_00c24f5ae6.webp" alt="empowering-hands.webp"><figcaption>Image Credit: <a target="_blank" rel="noopener noreferrer" href="https://www.jaypore.com/">Jaypore Label</a></figcaption></figure>They empower weavers by giving them access to new markets and true connoisseurs of heritage handlooms. Weavers get recognised for their craft and can sustain themselves by pursuing their traditional craft. They spotlight the skill, talent, and traditional style sense of the weaver or craftsman and utilise it to create beautiful, handcrafted seasonal collections at Aadyam. This enters the store as apparel (sarees, shawls, stoles, dupattas) or home linen (rugs, bedspreads, curtains, throws, cushion covers) ensuring that tradition meets modern sensibilities.&nbsp;<h3>Empowering the hands</h3>Aadyam Handwoven, Hindalco’s Kosala and Jaypore’s commitment to artisanal crafts goes beyond fashion. They work closely with artisans, providing them with the resources, training, and market access needed to sustain and grow their craft. By promoting fair trade practices and ensuring that artisans receive fair compensation, these initiatives contribute to the economic empowerment of artisanal communities.Furthermore, Aadyam, Kosala and Jaypore place a strong emphasis on sustainable practices. By using natural dyes, organic fabrics, and eco-friendly production methods, they ensure that their products are not only beautiful but also kind to the environment. This commitment to sustainability resonates with a growing number of consumers who value ethical and eco-conscious fashion.&nbsp;<figure class="image image_resized image-style-align-left" style="width:20%;"><img src="https://www.cms.adityabirla.com/uploads/india_cultural_ambassadors_5a8eb5357a.webp" alt="india-cultural-ambassadors.webp"></figure><h3>India's cultural ambassadors</h3>The global reach of <a href="/community/">Aadyam Handwoven</a>, Kosala and Jaypore has brought Indian artisanal crafts to the world stage. Their collections have garnered international acclaim, showcasing the beauty and intricacy of Indian handlooms to a global audience. This international recognition not only boosts the profile of these crafts but also creates new market opportunities for artisans.Together, these three initiatives from Aditya Birla Group are bringing India’s beautiful, ancient handloom traditions to the modern world. They combine traditional skills with fresh designs to create a unique fashion narrative that tells the story of India. More importantly, their work empowers these artisanal communities, ensuring that these crafts continue to flourish. In a world dominated by fast fashion, Kosala, Aadyam Handwoven and Jaypore stand are champions of slow, sustainable, and soulful fashion.<div class="page-break" style="page-break-after:always;">&nbsp;</div>

By bridging tradition and innovation, Aditya Birla Group's Aadyam Handwoven, Kosala and Jaypore are helping rediscover the timeless beauty of Indian handlooms. On National Handloom Day, let's look at how they are helping artisans find their rightful places in the spotlight

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Empowering Handloom Artists of India

Innovation

<figure class="image image_resized image-style-align-right" style="width:40%;"><img class="image_resized" src="https://www.cms.adityabirla.com/uploads/collections_spanish_riviera_5372a41a60.webp" alt="collections-spanish-riviera.webp"><figcaption>Image credit: <a target="_blank" rel="noopener noreferrer" href="https://handwoven.aadyam.co.in/">Aadyam Handwoven</a></figcaption></figure>A home is more than just bricks and mortar. It's a reflection of our personalities, a canvas for our dreams, and a sanctuary for the soul. Aditya Birla Group understands the importance of creating a space that inspires and uplifts. The group’s diverse businesses and brands are woven into the very fabric of Indian homes, with a wide range of products and initiatives that cater to every taste, style and budget. Let’s look at some Group businesses that have been helping Indians turn their houses into homes.&nbsp;<h3>Celebrating heritage with Aadyam Handwoven</h3>Aditya Birla Group’s social enterprise, Aadyam Handwoven, empowers weaving communities across India by sourcing and curating beautiful, handcrafted rugs, bedspreads, curtains, and table linen, ensuring that tradition meets modern sensibilities. Every Aadyam product is not just a home décor piece, it's a story whispered through generations of artisanal craft. The platform collaborates with skilled artisans to craft exquisite products each season. By blending international trends with rich traditional heritage, Aadyam aims to create captivating pieces that resonate globally, helping provide the right audience for these crafts. The organisation believes in fusing contemporary design with time-honoured techniques allowing for preservation of the essence of intricate crafts, bringing it to contemporary homes.&nbsp;<figure class="image image_resized image-style-align-left" style="width:20%;"><img src="https://www.cms.adityabirla.com/uploads/bright_paint_colors_home_interiors_3cb87db2ec.webp" alt="bright-paint-colors-home-interiors.webp"></figure><h3>Turning walls into canvases with Birla Opus</h3>Launched in 2024, Birla Opus- the Group’s decorative paints venture, market offers a world-class colour palette to transform bare walls into vibrant expressions for home owners. With 145+ products and 1200+ SKUs across water-based paints, enamel paints, wood finishes, waterproofing and wallpapers, Birla Opus has brought to market a comprehensive range of premium house décor products. In addition, Birla Opus offers the widest range of 2,300+ tintable colour choices including 216 iconic Indian colours. To further support its ambition of becoming a leading player in the paints segment within the next few years, Birla Opus has set up a dedicated research and development facility in Maharashtra. Leveraging the prestige and trust built by Aditya Birla Group, the business endeavours to cater to India’s growing demand for high-quality paint and home décor products, creating value for homeowners across the nation.<div class="page-break" style="page-break-after:always;">&nbsp;</div>&nbsp;<figure class="image image_resized image-style-align-right" style="width:25%;"><img src="https://www.cms.adityabirla.com/uploads/varaitey_of_home_textile_ddf4d48b81.webp" alt="varaitey-of-home-textile.webp"><figcaption>Image Credit: <a target="_blank" rel="noopener noreferrer" href="https://www.livabybirlacellulose.com/">Live Home by Birla Cellulose</a></figcaption></figure><h3>Sustainable home décor with Aditya Birla Yarn and Birla Cellulose Liva Home</h3>One of the leading producers of industrial yarns, <a href="/businesses/companies/aditya-birla-yarns/">Aditya Birla Yarn</a> leverages its expertise to create high-quality, nature-based fabrics that are perfect for crafting exquisite home textile products. The commitment to both sustainability and quality empowers businesses to create eco-conscious home décor products. By partnering with Aditya Birla Yarn, manufacturers can offer their customers a guilt-free choice – home textiles that are kind to the planet and a delight to live with.Liva Home by Birla Cellulose offers the same brand promise – nature-based, high-quality fabric manufactured through an accredited value chain ensuring responsible sourcing and manufacturing practices at every step. Liva Home stands for luxurious home textile products that promise to pamper customers with its dreamy softness. Their product portfolio includes bath linen, floor rugs, kitchen linen and living room linen.&nbsp;<figure class="image image_resized image-style-align-left" style="width:15%;"><img src="https://www.cms.adityabirla.com/uploads/exploring_artisanal_treasures_3cb16dd44a.webp" alt="exploring-artisanal-treasures.webp"><figcaption>Image Credit: <a target="_blank" rel="noopener noreferrer" href="https://www.jaypore.com/c/furniture">Jaypore</a></figcaption></figure><h3>Exploring artisanal treasures with Jaypore</h3>Aditya Birla Fashion and Retail’s Jaypore curates artisanal home décor that is rooted in India’s rich heritage. From handcrafted furniture and lighting to exquisite kitchenware and décor, Jaypore brings the magic of local craftsmanship to global audiences, offering a unique blend of tradition and contemporary aesthetics. In addition to artisanal home linen, Jaypore sells kitchen and dining products, drinkware, décor items, and furniture.By blending tradition with innovation, sustainability with style, and heritage with modernity, Aditya Birla Group has created a diverse ecosystem that caters to the evolving aspirations of homeowners. Indian homeowners are aware of global trends and want to combine it with Indian aesthetics. From the soulful artistry of Aadyam to the vibrant colours of Birla Opus, the eco-conscious offerings of Aditya Birla Yarn and Liva Home, and the curated elegance of Jaypore, the Group’s initiatives are transforming houses into homes that resonate with the heart and soul of India.<div class="page-break" style="page-break-after:always;">&nbsp;</div>

Discover how Aditya Birla Group brings sustainable paints, textile and handcrafted décor, and nature-based textiles to weave heritage with modern living in our homes

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Home décor, with a touch of innovation and heritage

Sodium sulphate is a key component in numerous industries, with traditional production methods relying heavily on mining — accounting for 70% of global production — or synthetic processes in chemical industries. While indispensable in textiles, glass, detergents, dyes, zinc production, and paper manufacturing, these traditional methods pose significant environmental challenges, including resource depletion and biodiversity disruption. There is an urgent need for sustainable practices in sodium sulphate production.&nbsp;<h3>Recycling a Solution</h3>Birla EcoSodium from <a href="/businesses/companies/grasim-industries-limited/">Grasim Industries</a> is an innovative and sustainable solution. This product is derived from recycled wastewater generated during viscose staple fibre (VSF) manufacturing. By utilising this waste material, Birla EcoSodium not only addresses environmental concerns but also reduces the amount of salts and minerals (Total Dissolved Solids or TDS) in treated wastewater. The production process is fully traceable and adheres to the highest standards of chemical safety.&nbsp;<h3>The EcoSodium Advantage: Sustainable and Efficient</h3><ul style="list-style-type:disc;"><li>Textiles: Birla EcoSodium enhances textile dyeing by ensuring consistent and vibrant colours. It improves dye absorption and reduced excess dye and waste. This eco-friendly process fosters clothing production with less environmental impact.</li><li>Glass Manufacturing: In glassmaking, EcoSodium lowers the melting point of raw materials, reducing energy consumption. It also removes impurities, enhancing glass clarity and transparency. By controlling the viscosity, EcoSodium ensures high-quality, defect-free glass, promoting a more sustainable production process.</li><li>Dyes &amp; Pigments: EcoSodium acts as a desiccant, improving dye purification and separation, leading to higher production yield. Its high purity ensures dyes meet colour standards and are free of heavy metals, minimising environmental impact and wastewater generation. This translates to a more sustainable dye manufacturing process.</li><li>Detergents: As a bulking agent, EcoSodium increases detergent volume while effectively removing dirt. Its high purity improves flowability and prevents residue. Being non-toxic and biodegradable, EcoSodium replaces harmful chemicals, reducing the ecological footprint of detergents.</li><li>Zinc Smelting, EcoSodium lowers the melting point, promoting energy efficiency in the zinc smelting process It aids in slag formation, separating impurities and resulting in a purer final product. These enhancements improve zinc recovery and lead to a more sustainable production process.</li><li>Paper Manufacturing: EcoSodium enhances the kraft pulping process, aiding in wood fibre separation and producing stronger, brighter, and more durable paper. It also stabilises acidity levels for consistent paper quality. Additionally, EcoSodium promotes the recovery and recycling of alkali chemicals, making the pulping process more sustainable. By transforming a waste product into a powerful industrial solution, Birla EcoSodium exemplifies a new era of responsible manufacturing. Its impact goes beyond individual industries, fostering a collaborative approach towards a greener future.</li></ul>

Discover how Birla EcoSodium transforms waste into sustainable solutions across industries, from textiles to zinc smelting, pioneering eco-friendly practices and reshaping manufacturing for a greener future

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