Grasim Industries Ltd
NSE: GRASIM BSE: 500300
₹3138
+48 (1.55%)
Fri, 06 Nov 2026, 07:59 pm
Market Cap (in Cr)210367.45
PE Ratio37.42
Dividend0.32
Non-Energy Minerals
Construction Materials
24.5KGrasim Industries Ltd Company History
1947
- Incorporated on August 25 at Gwalior.
- Manufactures viscose staple fibre, carbon-di-sulphide, sulphuric acid, sodium sulphate, rayon and cotton fabrics, rayon grade pulp, paper; owns engineering workshop.
1951
- Issued 1,50,000 right Pref. shares at par in proportion 3:1.
- Issued 24,50,000 right equity shares at par in proportion 49:1.
1953
- Subscribed 1,33,000 right equity shares of 1951.
- Issued 10 lakh right equity shares at par in proportion 5:6 in October.
1956
- Issued 4,57,000 right equity shares in proportion 1:2.50 in September 1955.
1959
- Issued 50,000 Pref. shares in proportion 1:50 (765 taken up).
1963
- Purchased cotton textile mill at Bhiwani (Punjab) with 18,000 spindles and 286 looms; named Bhiwani Textile Mills.
1967
- Applied for permission to establish 100 TPD polynosic fibre unit at Harihar (Karnataka).
1968
- Issued 5,00,000 bonus equity shares in proportion 1:10 in December.
1969
- Offered 2,00,000-9.3% Pref. shares to public.
- Issued 11,00,000 bonus equity shares in proportion 1:5 in August 1970.
1971
- Redeemed 765 'B' Pref. and 1725 'A' Pref. shares on March 31, 1972.
1974
- Received letter of intent for 100 TPD polynosic fibre unit at Harihar (Karnataka).
- Revalued machinery and equipment of staple fibre and pulp units.
- Issued 39,60,000 bonus equity shares in proportion 3:5.
1976
- Issued 52,80,000 bonus equity shares in proportion 1:2.
1979
- Participated in joint venture Bihar Caustic & Chemicals Ltd for 33,000 tpa caustic soda.
- Issued 20,00,000 equity shares at premium Rs 25.
1980
- Joined as co-promoter with Tamil Nadu Industrial Development Corporation for aluminium fluoride plant (Tamil Nadu Fluorine & Allied Chemicals Ltd).
- Entered collaboration with SICOM for 4 lakh tpa gas-based sponge iron project.
1982
- Issued 18,75,000-13.5% convertible bonds aggregating Rs 30 crores.
1984
- Received letter of intent for stable bleaching powder (10,000 tpa in two phases).
1985
- Entered collaboration with LVD Company N.V., Belgium for balers in man-made fibre industry.
- Joined as co-promoter in Indo-Gulf Fertilisers and Chemicals Corporation Ltd (1,350 tpd ammonia, 2,200 tpd urea).
1986
- Entered collaboration with Nevmag (W. Germany) for fibre machinery equipment.
- Marketed stable bleaching powder Vikram SBP; began exports.
- Changed name from Gwalior Rayon Silk Mfg. (Wvg.) Co. Ltd to present name effective July 22.
1987
- Plant closed due to strike since July 1985; strike called off October 1988, production resumed June 1989.
- Received letter of intent for 5,000 worsted spindles at Malanpur; caustic soda capacity re-endorsed at 90,000 tpa.
- Proposed participation in Mangalore Refinery and Petrochemicals Ltd (12% equity).
- Received letter of intent for 6 lakh tpa gas-based sponge iron project in Raigad, Maharashtra.
- Received approval for colour TV glass shells project with Asahi Glass Co., Japan.
- Turquoise Investments & Finance Ltd and Trapti Trading & Investments Ltd became subsidiaries.
- Allotted 60,00,000-14% non-convertible secured debentures (VI Series).
1988
- Engineering Division signed technical agreement with Thai Acrylic Fibres; collaboration with Andhra Pradesh Rayons for VSF plant.
- Introduced Grasim MASTERWEAR readymade shirts and trousers.
- Initiated poly aluminium chloride and chlorosulphonic acid projects; PAC commissioned 1990.
- Proposed hydrogen peroxide project (6,000 tpa) at Nagda.
- Offered 92,85,714-12.5% partly convertible debentures.
1989
- Cotton textile mill affected by labour unrest.
- Issued 115,00,000-14% (VII Series) non-convertible debentures on rights basis.
- Issued 1,04,16,666-12.5% partly convertible debentures (II Series) on rights basis for sponge iron project.
1990
- Received letters of intent for two 1 million tonne portland cement plants (Baloda Bazar and Shambhupura).
- Issued 1,30,00,000-14% (IX Series) and 25,00,000-14% (VIII Series) non-convertible debentures for Raipur cement plant.
1991
- Engineering division manufactured equipment for dairy and sponge iron plants; supplied baling press.
- Cotton textile mill affected by labour issues; lock-out in spinning section until October 10, 1992.
- Issued 15,00,000-14% (XI Series) and 155,00,000-18% (X Series) non-convertible debentures.
1992
- Offered 6,933,745 GDS at US $12.98 to qualified institutional buyers and offshore investors.
- Proposed Euro equity issues of US $100 million and US $125 million.
1994
- Cotton textile mill set up Elegant Spinners unit with 14,000 spindles.
- Issued 160,00,000-16.5% (XIII Series) and 70,00,000-15% debentures on private placement.
1995
- Introduced fabric range ADONIS.
- Set up Birla Capital International AMC Ltd as joint venture with Capital Group International Inc.; launched Birla Advantage Fund.
- Planned joint venture power projects Rosa (1000 MW) and Bina (1000 MW) with Powergen Plc, UK.
- Set up joint venture Alexandria Carbon Black Co. in Egypt (20,000 tpa carbon black, 15% equity).
1996
- Launched synthetic denim SUMO with polyester-viscose-cotton blend.
1997
- Cotton textile division launched denim brand Jusilk using polyester-jute blend.
- Entered leave and licence agreement with Eastern Spinning Mills for viscose fibre spinning facilities (25,000 spindles).
- Formed Vikram Premium RMC division for Ready Mixed Concrete.
- Applied for industrial licence for gas-based fertiliser plant (4.5 lakh tonnes ammonia, 7.5 lakh tonnes urea).
- Setting up rayon grade pulp plant.
- Signed agreement with NSDL and MCS Ltd to dematerialise shares.
- Setting up radial tyres plant in Pondicherry.
1998
- Developed synthetic suiting for first time in India.
- Vikram Ispat won Maharashtra Government export award for hot briquetted iron.
- Shareholders of Indian Rayon received 3 Grasim shares for every 10 held in cement restructuring.
- Vikram Cement won IMC Ramakrishna Bajaj National Quality Award; Hindustan Lever unit at Chindwara received certificate of merit.
1999
- Suspended production at pulp and staple fibre units in Mavoor, Kerala due to raw material shortage.
2000
- Launched micro grade viscose staple fibre Grasi Soft.
- Proposed merger of wholly owned subsidiary Dharani Cements Ltd.
- Hived off Software Division into subsidiary Birla Consultancy and Software Services.
- Launched Kool Wool polyester viscose blended suiting fabric.
2001
- Textiles division introduced trouser fabric Aquasoft.
- Amalgamated wholly owned subsidiary Dharani Cements Ltd effective November 1, 2000.
- Transferred Software Division to wholly owned subsidiary Birla Technologies Ltd effective February 1.
2002
- Birla Technologies ceased to be subsidiary.
- Entered technical tie-up with Pantaloon for Viscose Staple Fibre manufacture.
- Formed joint task force with L&T for logistics, promotion and raw materials procurement.
- Increased stake in L&T to 12.89%, then 13%, 14.15%, 15.15%.
- Stopped and restarted production at Staple Fibre Plant, Nagda due to water shortage.
- Approved sale of equity in Mangalore Refineries to ONGC.
- Mopped up Rs 50 crore through inverse floater.
- SEBI directed to hold L&T open offer.
- Sent legal notice challenging L&T cement demerger.
2003
- Proposed alternate plan for L&T cement demerger.
- Agreed to acquire L&T cement business at Rs 130 per share; later revised to Rs 170.
- Acquired L&T cement business.
- SEBI approved open offer for L&T; enhanced offer size.
- Open offer for L&T received poor response (2% acquired).
- Secured $50M loan from SBI.
- Resumed operations at Nagda plant.
- Divested holding in Indo Gulf Fertilisers Ltd to nil.
- Re-issued GDRs.
- Appointed Shri Y P Gupta as Additional Director.
- Delisted from Bangalore Stock Exchange.
- Reappointed Shri Shailendra K Jain as Whole Time Director for 3 years from December 1.
2004
- Acquired majority stake in UltraTech CemCo Ltd (demerged cement business of L&T).
- Textile unit launched 'Venetia' range of fabric.
- Signed agreement with ST Telemedia and TM International to acquire stake in Idea Cellular.
- Delisted from Madhya Pradesh Stock Exchange effective December 13.
2005
- Acquired St. Anne Nackawic Pulp Mill, Canada with Tembec Inc.
2006
- Formed joint venture Birla Jingwei Fibres Company Limited and acquired VSF plant in China.
2007
- Commissioned eighteen ready-mix concrete plants.
2008
- Commissioned brownfield expansion at Aditya Cement, Shambhupura (Rajasthan).
- Appointed Shri A K Dasgupta as Additional Director.
2009
- Hived off sponge iron business by slump sale.
- Commissioned greenfield cement plant at Kotputli (Rajasthan).
- Vikram Cement and Aditya Cement won Federation of Indian Mineral Industries Social Awareness Award.
2010
- Consolidated cement business under UltraTech Cement Limited.
2011
- Acquired stake in Domsjö Fabriker AB.
- Ranked among Forbes fabulous 50 companies in Asia.
- Ranked second for Best Corporate Governance Practices in Asia-Pacific by IR Global Rankings.
- Ranked best company in Corporate Governance Practices in Basic Materials Industry globally.
- Ranked Best Investor Relations Company-Building Materials in Asia by Institutional Investors Magazine.
- Staple Fibre Division, Nagda received CII Leadership and Excellence Award in Safety, Health and Environment.
- Staple Fibre Division, Nagda received Asian Corporate Social Responsibility Award.
2012
- Signed agreement via AV Terrace Bay Inc. (SPV) to acquire assets of Terrace Bay Pulp Inc. in North America (40% interest).
- Entered agreement with Omikenshi (Japan) for global markets of functional rayon products.
2013
- Recommended dividend of Rs. 22.50 per equity share.
2014
- Commenced commercial production at Viscose Staple Fibre Plant at Vilayat (Gujarat).
- Recommended dividend of Rs. 21 per equity share.
2015
- Submitted presentation on merger of Aditya Birla Chemicals (India) Ltd with Grasim.
- Completed last phase of Greenfield VSF Plant at Vilayat (Gujarat) by commissioning 4th line for Specialty Fibre.
- Received CCI approval for merger of Aditya Birla Chemicals with Grasim.
- Scheme of Amalgamation of Aditya Birla Chemicals with Grasim sanctioned by High Court of Madhya Pradesh.
2016
- Aditya Birla Chemicals (India) Ltd merged with Grasim Industries Ltd.
2017
- Awarded USDA certified biobased product label for dope dyed fibres Birla Spunshades.
2018
- Received Best Export Performance Award in Viscose Staple Fibre category (Gold Trophy) from textile minister.
- Unveiled international design studio in New York.
- Received green nod for expansion project.
2019
- Won Best Manufacturing Company (>Rs 2,500 crore) at Business Today’s Business Leaders of Madhya Pradesh Awards.
- Indo Gulf Fertilisers unit at Jagdishpur received Four Leaves award from Centre for Science and Environment.
2020
- Grasilene Division, Harihar, received CII-ITC Sustainability Award 2019 for Excellence in Environment Management.
- Ranked 9th among top 10 Indian corporates for Sustainability and CSR by ET and Futurescape 7th Responsible Business Rankings.
- Staple Fibre Division-Nagda won Golden Peacock Award for CSR in Textile and Apparel sector 2019.
2021
- Recognised as India's Top Company for Sustainability and CSR at ETSDGs Impact Summit; ranked #7 on Responsible Business Ranking in ET-Futurescape 8th Sustainability Index Report.
- Nagda SFD plant awarded Economic Times Promising Plants 2021.
2022
- Won 2 Gold Shields at ICAI Awards Ceremony.
- Approved foray into B2B e-commerce platform for Building Materials with INR 2,000 Crore investment over 5 years.
2023
- Won Silver under Excellence Award by ICAI.
- Pulp and Fibre division won Golden Peacock Innovation Management Award 2022.
2024
- Issued rights shares of Rs. 2 in ratio 6:179 at premium of Rs. 1810 per share.
- Commenced commercial production of Birla Opus Paints plant at Chamarajanagar, Karnataka.
- Recognised as Sustainable Organisation 2024 by Times Now - Global Sustainability Alliance.
