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Grindwell Norton Limited is a holding company. The Company is engaged in the manufacturing of bonded abrasives, coated abrasives, thin wheels, and superabrasives. The Company’s businesses segment is divided into two segments such as abrasives and ceramics & plastics. Its Abrasives segment offers bonded abrasives in the form of wheels and other shapes, such as segment and sticks, which are used for various applications such as lapping, honing, super-finishing, race grinding, thread grinding, fluting, outside diameter (OD) grinding, inside diameter (ID) grinding and surface grinding. Its Ceramics & plastics segment includes Silicon Carbide which is used as raw material in the manufacture of Abrasives; High Performance Refractories, which are used for processing ferrous and non-ferrous metals, and Performance Plastics, which produces and markets standard and custom-made polymer products.
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| 2020 | 2021 | Delta | Abrasives | 9 243.44 | 58.5% | 9 328.34 | 57% | +0.92% |
Ceramics & Plastics | 5 031.74 | 31.9% | 5 387.14 | 32.9% | +7.06% |
Information Technology Services | - | - | 1 260.75 | 7.7% | - |
Others | 1 520.51 | 9.6% | 402.93 | 2.5% | -73.5% |
INR in Million |
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| 2020 | 2021 | Delta | India | 12 123.60 | 76.8% | 13 227.90 | 80.8% | +9.11% |
International | 3 672.09 | 23.2% | 3 151.24 | 19.2% | -14.18% |
INR in Million |
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| Vote  | Quantity | Free-Float | Company-owned shares | Total Float |
Stock A |
1 |
110,720,000 |
46,232,279 |
41.8% |
0 |
0.0% |
41.8% |
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Name | Equities | % | Compagnie de Saint-Gobain S.A. | 57,128,000 |
51.6% | UTI Asset Management Co. Ltd. (Investment Management) | 4,997,881 |
4.51% | SBI Funds Management Pvt Ltd. | 4,184,148 |
3.78% | Axis Asset Management Co. Ltd. | 2,525,071 |
2.28% | L&T Investment Management Ltd. | 2,057,098 |
1.86% | Vera A Mahajan | 1,889,115 |
1.71% | Sundaram Asset Management Co. Ltd. | 1,801,646 |
1.63% | Khurshid Malvinder Narang | 1,703,515 |
1.54% | The Vanguard Group, Inc. | 1,481,549 |
1.34% | Ashaita Anand Mahajan | 1,057,028 |
0.95% |
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Company contact information |
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Grindwell Norton Ltd. 5th Level, Leela Business Park Andheri-Kurla Road, Marol Andheri East Mumbai, Maharashtra 400059 Phone : +91.22.40212121 Fax : +91.22.40212102 Web : http://www.grindwellnorton.co.in
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Sector Other Industrial Machinery & Equipment
Connections : Grindwell Norton Limited
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