Corporate Governance

Governance Philosophy

  • Corporate governance refers to a set of laws, regulations and good practices that enable an organisation to perform efficiently and ethically generate long-term wealth and create value for all its stakeholders.

    We, at Grasim Industries Limited, are committed to the adoption of best governance practices and its adherence in the true spirit, at all times. Our governance practices are self-driven, reflecting the culture of the trusteeship that is deeply ingrained in our value system and reflected in our strategic growth process. Our governance philosophy rests on five basic tenets, viz.,
    • Board accountability to the Company and stakeholders
    • Equitable treatment to all shareholders
    • Strategic guidance and effective monitoring by the Board
    • Protection of minority interests and rights
    • Transparency and timely disclosure

    In line with the above philosophy, Grasim continuously strives for excellence through adoption of best governance and disclosure practices.

Board Composition

Board of Directors

  • Mr Kumar Mangalam Birla — Chairman

  • Mrs Rajashree Birla

  • Mr ML Apte

  • Mr BV Bhargava

  • Mr Cyril Shroff

  • Dr Thomas M Connelly Jr.

  • Mr N Mohan Raj

  • Mr Shailendra K Jain

  • Mr OP Rungta

  • Mr Arun Kannan Thiagarajan

  • Mr Dilip Gaur - (Managing Director)

  • Mr Sushil Agarwal — (Whole-Time Director)

Managing Director

  • Mr Dilip Gaur

Chief Financial Officer

  • Mr Sushil Agarwal

Business Heads

  • Mr Dilip Gaur, Fibre & Pulp

  • Mr KK Maheshwari, Cement

  • Mr Rahul Kohli, Fertiliser

  • Mr Rohit Pathak, Insulator

  • Mr ER Raj Narayanan, (Group Executive President & SBU Head- Chlor Alkali and Viscose Filament Yarn)

  • Mr Thomas Varghese, Textiles

  • Mr Ajay Srinivasan, Financial Services

  • Mr Himanshu Kapania, Telecom

Company Secretary

  • Mrs Hutokshi R Wadia

Board Committees

Audit Committee:

  • Mr Arun Kannan Thiagarajan - Independent Director

  • Mr BV Bhargava - Independent Director

  • Mr ML Apte - Independent Director

Nomination and Remuneration Committee:

  • Mr Kumar Mangalam Birla - Non Executive Director

  • Mr ML Apte - Independent Director

  • Mr. Cyril Shroff - Independent Director

Stakeholder Relationship Committee:

  • Mr BV Bhargava - Independent Director

  • Mr Cyril Shroff - Independent Director

  • Mr ML Apte - Independent Director

  • Mr Sushil Agarwal - Whole Time Director and CFO

Corporate Social Responsibility Committee:

  • Mrs Rajashree Birla - Non Executive Director

  • Mr BV Bhargava - Independent Director

  • Mr Shailendra K Jain - Non Executive Director

  • Mr Dilip Gaur - Managing Director

Finance Committee:

  • Mr BV Bhargava — Independent Director

  • Mr ML Apte — Independent Director

  • Mr Sushil Agarwal — Whole Time Director and CFO

Risk Management Committee:

  • Mr BV Bhargava — Independent Director

  • Mr Arun Kannan Thiagarajan - Independent Director

  • Mr ML Apte — Independent Director

  • Mr Dilip Gaur — Managing Director

  • Mr Sushil Agarwal — Whole Time Director and CFO

  • Mr HK Agarwal — COO - Fibre Business

  • Mr ER Raj Narayanan — Group Executive President - Chemicals

  • Mr. Thomas Varghese — Business Head - Textiles