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regular-article-logo Friday, 26 April 2024

Birla scions join Grasim board

Last month, Ananya and Aryaman were also inducted into the board of Aditya Birla Fashion and Retail Ltd (ABRFL) as additional non-executive directors

PTI New Delhi Published 07.02.23, 01:26 AM
Aryaman Vikram Birla and Ananya Birla

Aryaman Vikram Birla and Ananya Birla Twitter

Grasim Industries on Monday said promoter Kumar Mangalam Birla’s daughter Ananya Birla and son Aryaman Vikram Birla have been inducted as directors into the company’s board.

“The board of Grasim Industries, at its meeting held on Monday, inducted Ananya Birla and Aryaman Vikram Birla as directors,” said Grasim in regulatory updates.

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Ananya Birla and Aryaman Vikram Birla, daughter and son of chairman Kumar Mangalam Birla, come with “rich and varied experience” and the board believes that Grasim Industries “will benefit from their new-age insights and business acumen”, it added.

Both have recently been inducted as directors into the board of Aditya Birla Management Corporation, the apex body that provides strategic direction to the Aditya Birla group’s businesses, said Grasim in a statement. Last month, Ananya and Aryaman were also inducted into the board of Aditya Birla Fashion and Retail Ltd (ABRFL) as additional non-executive directors.

Aditya Birla group chairman Kumar Mangalam Birla said Grasim has incubated several high-growth businesses over the years.

“The global scale built across diverse sectors such as cement, fibre and chemicals is a testament to the dynamism that defines the company. Grasim now is at a pivotal juncture as it is on the verge of creating two new highgrowth engines — paints and B2B e-commerce for building materials. This is, therefore, an appropriate moment for the board to induct Ananya and Aryaman as directors,” said Kumar Mangalam Birla.

Ananya’s and Aryaman’s business acumen and insights into new-age businesses and consumer behaviour will be valuable for Grasim as it embarks on a new growth journey, he said.

“I am confident that they will add dynamism and energy to the group’s rich entrepreneurial traditions and help create sustained stakeholder value,” he added.

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