Kesoram Industries Ltd.

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Kesoram Industries Ltd.

Company type	Public
Traded as	BSE: 502937 NSE: KESORAMIND
Founded	1919; 105 years ago (1919)
Headquarters	Kolkata , India
Key people	Manjushree Khaitan (Chairman)
Products	Tyres, Cement and Rayon
Operating income	Rs. 4202.02 Crore (2019)
Net income	Rs. -363.32 Crore (2019)[1]
Website	www.kesocorp.com

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 Crores and a net profit of Rs. 648.29 Crore. The company reported a net profit of Rs. 339.67 crore during the quarter of 2014–15 by selling a tyre plant to JK Tyres.^[2]

Kesoram Industries entered into a joint venture with Maharashtra Seamless Limited and Dhariwal Infrastructure Private Limited in 2012 for working a coal block allocated to it by the Central Government in the State of Maharashtra.^[3]

History

Kesoram Industries Limited started its business with Kesoram Cotton Mills Ltd. in 1919. After the partnership began, the production of rayon emerged. 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. To take advantage of favourable market conditions, in 1986 another cement plant, known as Vasavadatta Cement, was commissioned by it at Sedam, Dist. Gulbarga (Karnataka). Again the name of the company was changed to Kesoram Industries Limited. on 9 July of the year 1986. Since then, Kesoram Industries Limited has grown stronger. It has listings on four global stock exchanges: the National Stock Exchange of India, the Bombay Stock Exchange, the Calcutta Stock Exchange Association, and the Societe de la Bourse de Luxembourg.

Business

Currently, Kesoram Industries Limited has three major divisions:^[4]

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 in Sedam, Karnataka (the "Vasavadatta Cement Plant") and Basantnagar, near Ramagundam of Telangana (the "Kesoram Cement Plant").^[5][6]

Kesoram Industries is planning to expand its cement capacity spread over Karnataka and Telangana catering to the markets of South and West. Kesoram now plans to acquire up to 700 acres of land at Kalaburagi where its limestone mines are located It would also take a call on whether it needs to put in manufacturing plants like grinding units there.^[7]

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.

References