is also the largest cement producer and diversified financial services (NBFC, Asset Management, and Life Insurance) player in India through its subsidiaries UltraTech Cement and Aditya Birla Capital.

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 & 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 achieving 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 938 KTPA in FY18.

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 96.5 MTPA in India (Includes 4 MTPA overseas and 5.7 MTPA of capacity to be commissioned by March 2019). 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 Corporations Ltd. with a total capacity of 21.2 MTPA. Post this acquisition, the total domestic capacity has 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. 1st July 2017. Subsequently, the Financial Services business was demerged from the merged entity and was listed on bourses as Aditya Birla Capital Limited on 1st September 2017.