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 and Birla Shakti Cement respectively. In 1986, another cement plant, known as Vasavadatta Cement, was commissioned by it at
Sedam,
Gulbarga district,
Karnataka. 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, the
Bombay Stock Exchange, the
Calcutta Stock Exchange, and the
Bourse de Luxembourg. 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. During 2014–15, the company sold a tyre plant to
JK Tyres. In 2018, Kesoram Industries
demerged its tire manufacturing business
Birla Tyres, as part of a debt reduction plan. Birla Tyres later filed for
insolvency 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, 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 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 ==