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Grasim Industries wins Dun & Bradstreet Corporate Award
May '18
Grasim Industries wins Dun & Bradstreet Corporate Award
For its stellar performance in the textile sector, Grasim Industries Limited, the flagship company of the $43 billion Aditya Birla Group, has bagged the Dun & Bradstreet Corporate Award 2018. This year, the Dun & Bradstreet Corporate Awards honoured leading companies in India, for being ‘Champions of Change’ in the transformation of the country.

Instituted in 2006, the Dun & Bradstreet Corporate Awards recognise outstanding Indian corporates. Sushil Agarwal, whole-time director and CFO, Grasim Industries Limited accepted the award on behalf of Grasim from Shiv Pratap Shukla, minister of state for finance, Government of India.

In his acceptance address, Agarwal said, “Grasim is built on the solid foundation of corporate governance, exemplary operations and unrelenting value creation for stakeholders. Ours is a 70-year story of growth and evolution. We have grown phenomenally in revenues, cash flows, earnings and product portfolio every which way. And all through, change has been a constant. So being awarded the Change Champion and being ranked No. 1 among the top textile companies is a validation of our leadership and people commitment. We take great pride in this award.”

“We in Grasim have made a paradigm shift in our manufacturing idiom and customer centricity. We have morphed viscose staple fibre (VSF)nfrom a commodity into a highly aspirational brand – Liva, currently tagged in over 30 million apparel, the choice of fashion conscious customers. Likewise, sustainability has come to be at the core of our manufacturing, from forest to fibre to fashion,” said Dilip Gaur, managing director of Grasim Industries.

“The global NGO Canopy’s Hot Button Report which ranks VSF companies on the conservation of endangered forests, ranked Birla Cellulose on top of the pole for its commitment to sustainable forestry management. We are upgrading our plants to best-in-class European standards. In many ways Grasim has been truly on a transformative journey under the chairmanship of Kumar Mangalam Birla. The Dun & Bradstreet Award is a recognition of this transformation and Grasim’s resolute role in positioning India globally,” he added.

“We have branded this year’s event and publication as Champions of Change; we have done customised economic research and developed insights from our database to describe how four broad segments play a unique role as champions of change in shaping the country in the coming years. The winners of Dun & Bradstreet Corporate Awards 2018 are truly the Champions of Change, playing these roles in their segments and driving these changes successfully,” said Manish Sinha, managing director, Dun & Bradstreet – India. (RKS)

Fibre2Fashion News Desk – India

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