RelatedPosts
In New Delhi, Kumar Mangalam Birla, the Chairman of Grasim Industries and the Aditya Birla Group, announced at the company’s 78th AGM that its market capitalisation is approaching Rs2 lakh crore. Grasim has been diversifying into sectors such as paints, cements, and a new B2B e-commerce platform. Over the past five years, from FY20 to FY25, the company has invested Rs67,000 crore in capital expenditures. Of this amount, Rs51,000 crore was allocated towards enhancing its core sectors, pursuing strategic adjacencies, advancing digital innovation, and undertaking sustainability initiatives, which aim to strengthen its leadership and future resilience.
During his address to shareholders, Birla noted that the company has achieved a record market capitalisation of around Rs1,95,000 crore, bringing it close to the Rs2,00,000 crore target.