Kesoram was founded in 1919 under the name of Kesoram Cotton Mills Ltd. From its humble beginnings as a cotton textile mill in Calcutta, Kesoram expanded into the production of rayon. Its first rayon plant was built in 1959, with a production capacity of 4,635 metric tons of rayon yarn per year.
The spirit of entrepreneurship did not end there. Kesoram soon entered the tyres and cement industries. A change of name was needed to reflect the companyâ€™s increasing portfolio of businesses. So in 1986, it changed its name to Kesoram Industries Limited.
Since then, Kesoramâ€™s operations have grown from strength to strength. Its reputation is recognised today by its listings on four global stock exchanges â€“ National Stock Exchange of India, Bombay Stock Exchange, Calcutta Stock Exchange Association, and the Societe de la Bourse de Luxembourg.
Each passing year sees greater globalization and interdependencies between economies continue to grow. The global economic and business scenarios continue to be sluggish. Europe is plagued with many problems including the threat of British exit from the European Union and the continuing difficulties of Greece's debt. Growth has slowed not only in china but also in other countries like Singapore, Brazil and Russia. The enormity of China's economy means that its slowdown has impacted globally. At home the economy is growing at an improved rate but businesses continue to struggle.
The process of monetizing our Laksar tyre facility has taken far longer than anticipated, mainly due to issues beyond our control. This has resulted in an inability to realise the financial benefits within 31st March, 2016, as well as the carrying cost of that facility for the entire year. Our cement business continues to perform well despite depressed infrastruture markets. The Rayon business has seen disruption in power that have resulted in loss of production.
We have progressed well in our efforts to reorganise and restruture our businesses to remain competitive into the future. All actions are being taken by your management to ensure sustainability of the changes and ensure progress to growth.
I wish to thank you all for your continuing support, which is a great encouragement to our management team. I also thank other stakeholders in our Company: customers, employees, bankers, dealers and suppliers.
Basant Kumar Birla
Basant Kumar Birla, Chairman
Manjushree Khaitan, Executive Vice Chairperson
Amitabha Ghosh, Independent Director
Vinay Sah, Nominee Director
Lee Seow Chuan, Additional Director, Independent
Kashi Prasad Khandelwal, Independent Director
Sudip Banerjee, Independent Director
Tridib Kumar Das, Whole-time Director & CFO
Tridib Kumar Das, Whole-time Director & CFO
Gautam Ganguli, Company Secretary
Andrew Harper, President
Animesh Banerjee, President
RAYON & TRANSPARENT PAPER
S P Goswami, President
CODE OF CONDUCT
At Kesoram, sound corporate governance is important in keeping the trust of investors and other stakeholders. That is why the management has set up a Code of Conduct to reach its goal of performance with honesty, integrity and accountability. The Code of Conduct is approved by the Board and subsequent amendments of it will be updated here.
Code of ConductDownload pdf
For nearly a century, Kesoram has been committed in the pursuit of excellence in not just the products it makes, but also in its processes and services. The company is proud to receive these awards for its achievements.
Award for "Excellence in workers' welfare" from the Federation of Andhra Pradesh Chambers of Commerce, Andhra Pradesh.
Award for "Excellence in rural development" from the Federation of Andhra Pradesh Chambers of Commerce, Andhra Pradesh.
Award for "Excellence in industrial productivity" from the Federation of Andhra Pradesh Chambers of Commerce, Andhra Pradesh. "Best Management Award" in 2007 from the Government of Andhra Pradesh.
"Best workers' welfare activity award" from the Federation of Andhra Pradesh Chambers of Commerce, Andhra Pradesh. Award for "Best Improvement in Thermal Energy Performance" and "Second best in environmental excellence in limestone mines" from the National Council for Cement and Building Materials. "Global Cement Award" from the Global Cement and Lime Magazine, London.
Award for "Recognition of outstanding achievement in the Modernization of Technique/Approaches of Plant Maintenance" from Japan Institute of Plant Maintenance.