Kesoram Industries Limited is an Indian industrial company which produces

rayon Rayon, also called viscose and commercialised in some countries as sabra silk or cactus silk, is a semi-synthetic fiber made from natural sources of regenerated cellulose fiber, cellulose, such as wood and related agricultural products. It has t ...

. It is a part of the conglomerate, BK Birla Group.

History

Kesoram Industries Limited started its business as Kesoram Cotton Mills in 1919. After a partnership, the first rayon plant was built in 1959 under the name Kesoram Rayon. Shortly after the plant was built, the company also started the production of tires and cement under the brand name

Birla Tyres Birla Tyres is an Indian company engaged in the manufacture of tyres for automobiles, motorcycles, commercial vehicles, farm vehicles and heavy earth-moving machinery. It was first established in 1991 as a division of Kesoram Industries. In 202 ...

and Birla Shakti Cement respectively. In 1986, another cement plant, known as Vasavadatta Cement, was commissioned by it at

Sedam Sedam or Seram is a town in Kalaburagi district in the Indian state of Karnataka. It is also the headquarters of the Sedam Taluka. Demographics Sedam is a Town Municipal Council city and divided into 23 wards for which elections are held every ...

Gulbarga district Kalaburagi district, formerly known as Gulbarga district, is one of the 31 districts of Karnataka state in southern India. Kalaburagi city is the administrative headquarters of the district. The district is the headquarters of Kalaburagi di ...

Karnataka Karnataka ( ) is a States and union territories of India, state in the southwestern region of India. It was Unification of Karnataka, formed as Mysore State on 1 November 1956, with the passage of the States Reorganisation Act, 1956, States Re ...

. The name of the company was changed to Kesoram Industries Limited on 9 July 1986. Since then, Kesoram Industries listed on four stock exchanges: the

National Stock Exchange of India National Stock Exchange of India Limited, also known as the National Stock Exchange (NSE), is an Indian stock exchange based in Mumbai. It is the List of stock exchanges, 5th largest stock exchange in the world by total market capitalization, ...

, the

Bombay Stock Exchange BSE Limited, also known as the Bombay Stock Exchange (BSE), is an Indian stock exchange based in Mumbai. It is the 6th largest stock exchange in the world by total market capitalization, exceeding $5 trillion in May 2024. Established with t ...

, the

Calcutta Stock Exchange Calcutta Stock Exchange (CSE) was an Indian stock exchange based in Kolkata, India. It is owned by Ministry of Finance, Government of India. It is one of oldest stock exchanges in Asia and third largest bourse in India. It was founded in May ...

, and the

Bourse de Luxembourg The Luxembourg Stock Exchange, LuxSE () is based in Luxembourg City at 35A boulevard Joseph II. The chairman of the board is Alain Kinsch and the chief executive officer is Julie Becker. History A law establishing a stock exchange in Luxemb ...

. 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

Maharashtra Maharashtra () is a state in the western peninsular region of India occupying a substantial portion of the Deccan Plateau. It is bordered by the Arabian Sea to the west, the Indian states of Karnataka and Goa to the south, Telangana to th ...

. During 2014–15, the company sold a tyre plant to JK Tyres. In 2018, Kesoram Industries demerged its tire manufacturing business

, as part of a debt reduction plan. Birla Tyres later filed for

insolvency In accounting, insolvency is the state of being unable to pay the debts, by a person or company ( debtor), at maturity; those in a state of insolvency are said to be ''insolvent''. There are two forms: cash-flow insolvency and balance-sheet i ...

and was taken over by a consortium led by Himadri Speciality Chemicals and Dalmia Bharat Refractories. In 2019, after the death of

Basant Kumar Birla Basant Kumar Birla (12 January 1921 – 3 July 2019) was an Indian industrialist and philanthropist of the Birla family. He was chairman of the Krishnarpan Charity Trust, BK Birla Institute of Engineering & Technology (BKBIET) and various e ...

, his daughter Manjushree Khaitan became the chairperson of Kesoram Industries. In 2024, Khaitan died after a brief illness. In 2023, Kesoram Industries announced that it would demerge and sell its 10.75 MTPA cement business to

UltraTech Cement UltraTech Cement Limited is an Indian multinational cement company based in Mumbai. It is the largest manufacturer of grey cement, ready-mix concrete (RMC) and white cement in India, and the fifth largest in the world, with an installed capaci ...

for in an all-stock deal. The sale is expected to complete by the end of 2024, leaving Kesoram Industries with its rayon and transparent paper packaging businesses held by its subsidiary Cygnet Industries.

Business

In 2015, Kesoram Industries Limited had three major divisions: *

– Birla Tyres was first established in 1991, as part of Kesoram Industries Limited. It then collaborated with tyre manufacturer

Pirelli Pirelli & C. S.p.A. is an Italian multinational tyre manufacturer based in the city of Milan, Italy. The company, which has been listed on the Borsa Italiana since 1922, is the 5th-largest tyre manufacturer, and is focused on the consumer pro ...

, in the production and development of its tires. *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 Ramagundam is a city under Ramagundam Municipal Corporation, municipal corporation in Peddapalli district of the States and union territories of India, Indian state of Telangana. It is the most populous city in the district and falls under t ...

Telangana Telangana is a States and union territories of India, state in India situated in the Southern India, south-central part of the Indian subcontinent on the high Deccan Plateau. It is the List of states and union territories of India by area, ele ...

(the "Kesoram Cement Plant"). *Kesoram Rayon – Established in 1959, Kesoram Rayon is a viscose rayon filament yarn and cellophane paper manufacturing unit. Situated in the banks of the Ganges, the factory has over 2700 employees and 52 spinning machines with an installed capacity of 6500 MT per annum.

References

{{Reflist Cement companies of India Manufacturing companies based in Kolkata Indian brands Tyre manufacturers of India Indian companies established in 1919 Manufacturing companies established in 1919 Companies listed on the Bombay Stock Exchange Companies listed on the National Stock Exchange of India