The Plant is over 50 years old and process improvements have evolved over the years. Till 1995-96, there was no competition and market was protected. Current Plants with superior technology came up and cheaper products like cotton and polyester came up in direct competition to VSF. New products began to be introduced in markets, which were also opening up to other players. VSF sales started getting affected and now pose a major challenge for growth and survival.
In order to remain competitive in the market, product range has been enhanced over the years, within the process limitations. The quality of pulp is also not uniform, affecting the final product quality. Complexity is compounded by the emphasis on a multiple product range for different segments / customers.
Complexities/challenges
Attending Tax matters of for SFD, EFD, 40MW and 2 Subsidiary Companies of the Grasim and 4 Investments Companies of Group from Nagda and Liasioning with Income tax Authorities.
Co-ordination with Various Departments during the Planning & Budgeting Exercise.
BRI, Trusts and Investment Companies namely Trapti Trading, Turquoise Investments, Gwalior Properties & Seshasayee Properties. Preparation of Submissions and Arguments in respect of Various Appeals and attending & arguing before Income Tax Authorities in respect of the same.
Interacting with and providing details to various legal consultants in respect of various appeals & pending matters.
Preparation of Monthly Information for submission to Higher Ups relating to Various Dates & Status of Hearings & Appeals.
Preparation of application U/s 80G and 35(1)(ii), submission of the same to Concerned Authorities and follow up for seeking approval.
KRA3 Finalization of Accounts:- Balan
📌 FLO Indirect Taxation (India)
🏢 Grasim Industries Limited Aditya Birla Group
📍 India
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