Type Private Founded 1919 | Headquarters India | |
Industry Tyres, Cement and Rayon Key people Basant Kumar Birla
(Chairman) Operating income Net income Rs. 648.29 Crore (2010) Total assets Rs. 4666.45 Crore (2010) Stock price KESORAMIND (NSE) ₹ 137.05 -0.10 (-0.07%)10 Mar, 3:30 PM IST - Disclaimer Subsidiaries Birla Tyres, Kesoram Textile Mills Ltd | ||
Kesoram Industries Limited is one of the pioneer companies in India. It is under the flagship 'B K Birla Group Of Companies'. Its production ranges from tires to cement to rayon. According to ET500, its all India ranking was 121 for the year 2010 with a net income of Rs. 5020.63 Crore and a net profit of Rs. 648.29 Crore.
Contents
History
Kesoram Industries Limited started its business with Kesoram Cotton Mills Ltd. in 1919. After the partnership began, production of rayon emerge. The first rayon plant was built in 1959 under the name Kesoram Rayon. Shortly after the plant was built, the business started the production of tires and cement under the brand name Birla Tyres and Birla Shakti Cement respectively. In 1986, the company name changed to Kesoram Industries Limited. Since then, Kesoram Industries Limited has grown stronger. It has listings on four global stock exchanges: National Stock Exchange of India, Bombay Stock Exchange, Calcutta Stock Exchange Association, and the Societe de la Bourse de Luxembourg.
Business
Currently, Kesoram Industries Limited has three major divisions:
1) Birla Tyres - Birla Tyres was first established in 1991, as part of Kesoram Industries Limited. It then collaborated with tyre manufacturer Pirelli, in the production and development of its tires.
2) Birla Shakti Cement - Under the cement division of Kesoram Industries Limited, Birla Shakti manufactures and sells cement. Birla Shakti has two cement manufacturing plants located at Sedam, Karnataka (the "Vasavadatta Cement Plant") and Basantnagar, Telangana (the "Kesoram Cement Plant").
3) Kesoram Rayon - It was established in 1959. Situated in the banks of the Ganges, Kesoram Rayon is a viscose rayon filament yarn and cellophane paper manufacturing unit with over 2700 employees. The factory currently has 52 spinning machines with an installed capacity of 6500 MT per annum. It is the only company in Eastern India to manufacture Viscose Filament Rayon Yarn and Cellophane paper.