The Board of Administrators of Grasim at present permitted a foray into B2B e-commerce platform for the Constructing Supplies phase with an funding of ~INR 2,000 Crore over the subsequent 5 years. This funding provides a brand new high-growth engine with clear adjacencies inside Grasim’s standalone companies as additionally that of its subsidiaries and affiliate firms.
Mr. Kumar Mangalam Birla, Chairman, Aditya Birla Group stated, “The foray into B2B e-commerce is yet one more strategic portfolio alternative because it crystallises our intent to spend money on the new-age, excessive Growth digital house. The Constructing Supplies phase presents an enormous scalable enterprise alternative with a confirmed path to profitability. With this foray, Grasim would be capable of leverage the massive B2B ecosystem inside the Aditya Birla Group. This transfer will even catalyse the Growth of the MSME universe in India and supply an impetus to the Authorities’s imaginative and prescient of ‘Digital India’.”
The general constructing supplies procurement phase in India has grown at a CAGR of ~14 per cent over the final 3 years. This trade is estimated at ~USD 100 bn with Current digital penetration of simply 2 per cent. Grasim’s digital platform will tackle numerous challenges inside the present provide chain.
The platform will primarily give attention to MSMEs within the Constructing Supplies phase with the potential to additional prolong to different related classes. The important thing worth proposition would be an built-in procurement answer together with on-time supply and a superior product vary at aggressive pricing.
This platform might be operated by a newly recruited management workforce from the digital ecosystem.
The Firm believes that B2B e-commerce is a excessive Growth alternative with enticing long-term returns and might be extremely worth accretive to its stakeholders.
About Grasim Industries Limited
Grasim Industries Limited, a flagship firm of the Aditya Birla Group, ranks amongst the highest publicly listed firms in India. Grasim is celebrating 75 superb years of its existence. Integrated in 1947, it began as a textiles producer in India. In the present day, it has developed into a number one diversified participant with management presence throughout many sectors. It’s a main international producer of Viscose Staple Fibre and Viscose Filament Yarn, the largest Chlor-Alkali, Superior Materials, Linen Yarn and Materials producer in India. The corporate has made an entry into the paints enterprise and establishing six crops throughout pan India areas. By its subsidiaries, UltraTech Cement and Aditya Birla Capital, additionally it is India’s largest cement producer and a number one diversified monetary Services participant. At Grasim, there may be an endeavour to create sustainable worth for workers, 262,600+ shareholders, society, and clients. The corporate reported consolidated {net} income of ₹95,701 Cr. and EBITDA of ₹17,772 Cr. in FY 2022.
GRASIM INDUSTRIES LIMITED
Aditya Birla Centre, ‘A’ Wing, 2nd Ground, S. Ok. Ahire Marg, Worli, Mumbai – 400 030
Registered Workplace: Birlagram, Nagda – 456 331 (M.P.)
Tel: (07366) 246760-66, CIN: L17124MP1947PLC000410
www.grasim.com & www.adityabirla.com
twitter: www.twitter.com/adityabirlagrp ; Twitter deal with: @GrasimInd / @AdityaBirlaGrp
