Who owns UltraTech Cement?
UltraTech Cement is owned by Grasim Industries (India, BSE: 500300), which has owned the brand since 1 July 2004.[1]
Grasim Industries owns 56.11% of UltraTech Cement rather than all of it.
This ownership is reported in official statements but has not yet been matched to a regulatory filing.
Evidence: Grasim Industries Limited Integrated Annual Report 2024-25, 1 January 2025. Last checked .
Key facts
- Current owner
- Grasim Industries Limited (56.11% stake) reported
- Owned since
- Owner HQ
- 🇮🇳 India, Mumbai
- Origin
- 🇮🇳 India, Mumbai
- Category
- Home, garden & DIY › Home improvement › Building materials
- Parent ticker
- BSE: 500300 NSE: GRASIM
- Last verified
- · 1 sources
About UltraTech Cement
UltraTech Cement is India's largest cement maker, formed when Larsen & Toubro demerged its cement division into UltraTech CemCo Ltd, which began trading on the BSE and NSE in August 2004. Grasim Industries, which had taken an initial 8.5% stake and then made an open offer for a further 30%, gained management control on 1 July 2004 and held 56.11% of UltraTech as of its FY2024-25 annual report. The brand covers grey cement, ready-mix concrete and building products sold across India and, through subsidiaries, in the UAE, Bahrain, Bangladesh and Sri Lanka.
Ownership timeline of UltraTech Cement
- 2004 – present Grasim Industries (56.11%) [1] reported
Where UltraTech Cement sits in Grasim Industries
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
- UltraTech Cement (56.11%)
Open the full Grasim Industries ownership tree →
Other brands in building materials, and who owns them
The 104 brands in building materials on Brandtree belong to 33 owners. The largest is James Hardie, with 8.
| Brand | Owner | Owner based in |
|---|---|---|
| Golden Bay | Fletcher Building | 🇳🇿 New Zealand |
| Artevia | Holcim | 🇨🇭 Switzerland |
| AZEK Exteriors | James Hardie | 🇮🇪 Ireland |
| Blenture | Votorantim Cimentos | 🇧🇷 Brazil |
| Adbri | CRH | 🇮🇪 Ireland |
| Byggmakker | Kesko | 🇫🇮 Finland |
| Cacique Max | Loma Negra | 🇦🇷 Argentina |
| Alutions | Tecnoglass | 🇨🇴 Colombia |
About the owner: Grasim Industries
Grasim Industries is a publicly listed company headquartered in Mumbai, India, founded in 1947. Brandtree records 1 brand under its control, and it is listed as BSE: 500300 and NSE: GRASIM.
Grasim Industries is the flagship company of the Aditya Birla Group, incorporated in 1947 as Gwalior Rayons and Silk Manufacturing Co. to make man-made fibre. It has since diversified into chemicals, cement, financial services and, since 2021, paints, and it holds the group's controlling stake in its listed cement subsidiary.
Grasim Industries: full profile, brands and acquisition history →
🇮🇳 UltraTech Cement and other Indian brands
Brandtree records a controlling owner for 288 brands that began in India. 9 of them (3%) are now controlled by a company headquartered in another country; UltraTech Cement is not one of them.
- ACC — Ambuja Cements 🇮🇳
- Ambuja Cements — Adani Group 🇮🇳
- Asian Paints — Asian Paints 🇮🇳
- Dr. Fixit — Pidilite 🇮🇳
- Havells Crabtree — Havells 🇮🇳
- Kurlon — Sheela Foam 🇮🇳
Frequently asked questions
Who is the parent company of UltraTech Cement?
The parent company of UltraTech Cement is Grasim Industries, a publicly listed company headquartered in India.
Is UltraTech Cement Indian?
Yes. UltraTech Cement originated in India and its owner, Grasim Industries, is also headquartered in India.
Since when has Grasim Industries owned UltraTech Cement?
Grasim Industries has owned UltraTech Cement since 1 July 2004.
Is UltraTech Cement still owned by Grasim Industries?
Yes. As of 23 September 2026, UltraTech Cement is still owned by Grasim Industries (56.11% stake). The ownership record was last checked against primary sources on that date.
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] Grasim Industries Limited Integrated Annual Report 2024-25 — Grasim Industries Limited, Annual report, published 1 January 2025; retrieved 23 September 2026.
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